Paragon Shipping Inc. (PRGN) Chief Executive Officer and Chief Financial Officer to Ring the NASDAQ Stock Market Closing Bell

Paragon Shipping to Commemorate NASDAQ Listing


ADVISORY, Dec. 3, 2007 (PRIME NEWSWIRE) --



 What:
 Michael Bodouroglou, Chief Executive Officer, and Christopher Thomas,
 Chief Financial Officer of Paragon Shipping Inc. (PRGN), will
 preside over the closing bell.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Tuesday, December 4, 2007 at 4:00 p.m. ET

 Contacts:
 Scot Hoffman; Scot.Hoffman@fd.com, 212-850-5617
 Jordana Miller; Jordana.Miller@fd.com, 212-850-5733

 NASDAQ MarketSite:
 Jolene Libretto; 646.441.5220; Jolene.Libretto@nasdaq.com

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Radio Feed:

An audio transmission of the closing bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well.

Webcast:

A live Webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Paragon Shipping Inc. (PRGN):

Paragon Shipping Inc. is an Athens, Greece-based international shipping company specializing in the transportation of drybulk cargoes. The Company's current fleet consists of nine vessels with a total carrying capacity of 557,406 dwt. For further information, please visit the Company's website at www.paragonship.com.