EXHIBIT 99.1
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[PARAGON LOGO] NEWS
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FOR: PARAGON TECHNOLOGIES, INC.
CONTACTS: Joel Hoffner, President and CEO
610-252-3205
610-252-3102 (Fax)
www.ptgamex.com
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PARAGON TECHNOLOGIES ANNOUNCES ADDITIONS TO ITS
BOARD OF DIRECTORS
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EASTON, PA -- January 23, 2007 -- Paragon Technologies, Inc. (AMEX:PTG), a
leading supplier of "smart" material handling solutions, including
systems, technologies, products and services, announced today that Robert
Blyskal and Samuel L. Torrence have been elected to the Board of Directors of
Paragon Technologies, Inc., effective February 1, 2007.
Commenting on the announcement, Chairman of the Board, Ted Myers, stated, "That
after an extensive search process, we are pleased that both of these prominent
businessmen are joining our Board of Directors and look forward to their
contribution."
Robert Blyskal
Mr. Blyskal, age 52, is a private investor and has recently retired as President
and Chief Operating Officer of GSI Commerce, Inc., a position he held since
2004. GSI Commerce, Inc. is a NASDAQ publicly traded company that provides
e-commerce solutions that enable retailers, branded manufacturers, entertainment
companies, and professional sports organizations to operate e-commerce
businesses.
From 2003 to 2004, Mr. Blyskal was a consultant to NeighborCare Pharmacies Inc.,
a provider of pharmacy services, infusion, medical supplies and equipment, and
oxygen and respiratory medications to the long-term care marketplace.
From 1993 to 2003, Mr. Blyskal held several executive-level positions at Medco
Health Solutions, Inc., including Executive Vice President of Operations and
Technology, Senior Vice President of Pharmacy Operations, and Vice President and
General Manager. Medco Health Solutions, Inc. is a pharmacy benefit manager with
mail order pharmacy operations.
From 1991 to 1993, Mr. Blyskal was Senior Vice President & General Manager of
Purolator Courier Ltd., Canada, and from 1980 to 1991, Mr. Blyskal held several
senior management positions with Federal Express including Managing Director,
Regional Manager, and District Engineering Manager. Mr. Blyskal began his career
in 1976 with UPS. While at UPS from 1976 to 1980, Mr. Blyskal was an Industrial
Engineering Supervisor.
Mr. Blyskal is a graduate of Fairleigh Dickinson with a BS in Industrial
Engineering.
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We Build Productivity [SI SYSTEMS LOGO]
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PARAGON TECHNOLOGIES, INC. o 600 Kuebler Road o Easton, PA 18040-9201
o 610.252.3205 o Fax 610.252.3102
www.ptgamex.com
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[PARAGON LOGO] Page 2
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Samuel L. Torrence
Samuel L. Torrence, age 55, currently serves as the President and Chief
Operating Officer of Just Born, Inc., a position he has held since 2005. Mr.
Torrence joined Just Born, Inc. in 2002 as Executive Vice President.
Just Born, Inc. is a privately owned confectionery manufacturer of hard
candy, jellybeans, marshmallows, and other candy products.
From 1993 to 2001, Mr. Torrence held several executive-level positions at Mack
Trucks, Inc., including Executive Vice President of Human Resources and
Administration, Executive Vice President of Administration & Parts Operations,
Senior Vice President of Total Quality Management, and Vice President of Human
Resources and Total Quality Management. A wholly owned subsidiary of AB Volvo
since January 2001, Mack Trucks produces and markets heavy- and medium-duty
trucks for use in a variety of industries.
In addition, from 1985 to 1993, Mr. Torrence held several executive-level
positions at Bridgestone Corporation including Vice President of Human Resources
and TQC, Vice President of Industrial Relations and TQC, Vice President of
Administration of Bridgestone USA, and Director of Human Resources and TQC of
Bridgestone USA. Bridgestone Corporation is a Japan-based manufacturing company
that is primarily engaged in the manufacture and sale of tires and tubes and
the sale of tire-related products for passenger automobiles, trucks, buses,
construction and industrial vehicles, agricultural machinery, aircrafts,
and motorcycles.
Mr. Torrence began his career in 1969 with the Terex Corporation, a Division of
General Motors Corporation. While at Terex Corporation from 1969 to 1985, Mr.
Torrence moved up through the ranks to become Vice President of Human Resources
and Law.
Mr. Torrence is a graduate of the General Motors Institute with a BS in
Industrial Administration, and he also received his JD from the Akron University
School of Law.
About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems and
creating automated solutions for material flow applications. SI Systems'
Production & Assembly and Order Fulfillment branded technologies and material
handling solutions address unit assembly in manufacturing operations and order
fulfillment applications. One of the top material handling systems suppliers
worldwide, SI Systems leading clients have included the United States Postal
Service, BMG, Peterbilt, Honda, CVS Pharmacy, Maybelline, and Walgreens.
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Cautionary Statement. Certain statements contained herein are not based on
historical fact and are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and the Securities and Exchange
Commission rules, regulations and releases. Paragon intends that such
forward-looking statements be subject to the safe harbors created hereby. Among
other things, the forward-looking statements regard Paragon's earnings,
liquidity, financial condition, review of strategic alternatives, and other
matters. Words or phrases denoting the anticipated results of future events,
such as "anticipate," "does not anticipate," "should help to," "believe,"
"estimate," "is positioned," "expects," "may," "will," "is expected," "should,"
"continue," and similar expressions that denote uncertainty, are intended to
identify such forward-looking statements. Paragon's actual results, performance,
or achievements could differ materially from the results expressed in, or
implied by, such "forward-looking statements:" (1) as a result of factors over
which Paragon has no control, including the strength of domestic and foreign
economies, sales growth, competition, and certain cost increases; and (2) if the
factors on which Paragon's conclusions are based do not conform to its
expectations. The forward-looking statements contained in this press release may
become outdated over time. Paragon does not assume any responsibility for
updating any forward-looking statements. Furthermore, achievement of the
objectives of the Company is subject to certain risks, including, but not
limited to, those risks outlined in Paragon's filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for the year ended
December 31, 2005 and the most recent quarterly report on Form 10-Q for the
quarter ended September 30, 2006.
This press release and prior releases are available at www.ptgamex.com.
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