PORTLAND, Ore., Nov. 10, 2011 (GLOBE NEWSWIRE) -- Paulson Capital Corp. (Nasdaq:PLCC), parent company of Paulson Investment Company, Inc., today reported a net loss of $662,354 (or ($0.11) per share) for the three months ended September 30, 2011 versus a loss of $1,245,586 (or ($0.21) per share) for September 30, 2010. Revenues for September 30, 2011 totaled $3,400,529 versus $3,302,036 for the same period in 2010.
Chester L.F. Paulson, Chairman, stated:
"Although the near-term predictions for the U.S. economy remain weak and the European debt crisis remains unsettled, the overall outlook for global IPO's is encouraging. We have positioned ourselves to take advantage of any upticks in activity by continuing to develop relationships with quality companies in a variety of industries seeking financings."
Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc. Located in Portland, Oregon, Paulson Investment Company is the Northwest's largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chet Paulson in 1970, it has managed or underwritten more than 165 public offerings and has generated more than $1 billion for client companies.
This release may contain "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expressed or implied. The Company's plan and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control. In particular, we make assumptions about our ability to complete corporate finance transactions and increase the volume and size of our securities operations, which are difficult or impossible to predict accurately and often beyond the control of the Company. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.