Paragon Shipping Appoints Robert Perri As Chief Financial Officer

      Paragon Shipping Appoints Robert Perri As Chief Financial Officer

PR Newswire

ATHENS, Greece, Feb. 5, 2013

ATHENS, Greece, Feb. 5, 2013 /PRNewswire/ --Paragon Shipping Inc. (NYSE:
PRGN) ("Paragon Shipping" or the "Company"), announced today that the Board of
Directors of the Company has appointed Mr. Robert Perri to the position of
Chief Financial Officer, effective today. Robert Perri has been the Company's
financial officer since September 2010.

About Paragon Shipping Inc.
Paragon Shipping is a Marshall Islands-based international shipping company
with executive offices in Athens, Greece, specializing in the transportation
of drybulk cargoes. The Company's current fleet consists of twelve drybulk
vessels with a total carrying capacity of 779,270 dwt. In addition, the
Company's current newbuilding program consists of two Handysize drybulk
carriers that are scheduled to be delivered in 2013 and two 4,800 TEU
containerships that are scheduled to be delivered in 2014. Paragon Shipping
has granted Box Ships Inc., an affiliated company, the option to acquire its
two containerships under construction. For more information, visit:
www.paragonship.com. The information contained on the Company's website does
not constitute part of this press release.

Contacts
Paragon Shipping Inc.
info@paragonship.com

Allen & Caron Inc.
Rudy Barrio
r.barrio@allencaron.com
(212) 691-8087

SOURCE Paragon Shipping Inc.

Website: http://www.paragonship.com
 
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