Paulson Capital Corp. to Remain Listed on NASDAQ; Receives Letter of Reprimand

Paulson Capital Corp. to Remain Listed on NASDAQ; Receives Letter of Reprimand

PORTLAND, Ore., Feb. 20, 2014 (GLOBE NEWSWIRE) -- Paulson Capital Corp.
(Nasdaq:PLCC) (the "Company") today announced that on February 19, 2014, it
was notified that, following a hearing on February 6, 2014, the NASDAQ Listing
Qualifications Panel (the "Panel") has granted the Company's request for
continued listing of the Company's common stock on The NASDAQ Capital
Market.

Trent Davis, the Company's President, said, "We are very pleased that the
NASDAQ Listing Qualifications Panel ruled that our common stock would continue
to be listed on The NASDAQ Capital Market and that this issue is behind us."

While the Panel determined to continue the Company's listing on The NASDAQ
Capital Market, the Panel issued a public reprimand letter to the Company
based on its view that the Company has been remiss in failing to provide
timely notifications in accordance with NASDAQ Listing Rule 5250(e)(6) and SEC
Rule 10b-17, to ensure clear and complete disclosure with respect to
shareholder rights to the Paulson Liquidating Trust and non-trust assets, and
regarding the Company's plans for its operating subsidiary, Paulson Investment
Company, Inc.

NASDAQ's listing review of the Company's common stock is now closed.

About Paulson Capital Corp.

Paulson Capital Corp. is the parent company of Paulson Investment Company,
Inc. Headquartered in Portland, OR, Paulson Investment Company, Inc. (member
FINRA/SIPC) has been a national leader in public offerings of small and
emerging growth companies with capital needs of $5 million to $45 million.
Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten over
150 securities offerings and has generated more than $1.2 billion for client
companies. The company's web site is available at www.paulsoninvestment.com.

CONTACT: MEDIA CONTACT:
         Kellie Davis - Investor Relations
         503.243.6000
         kmdavis@paulsoninvestment.com
 
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