Press Releases

ATHENS, GREECE -- (MARKET WIRE) -- 02/09/10 -- Paragon Shipping Inc. (NASDAQ: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today that it will release its results for the fourth quarter and full year ending December 31, 2009, after the market closes in New York on Monday, February 22, 2010. Paragon's management team will host a conference call to discuss the Company's financial results on Tuesday, February 23, 2010, at 10:00 a.m. Eastern Standard Time (EST).

Conference Call details:

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1(866) 819-7111 (from the US), 0(800) 953-0329 (from the UK) or +(44) (0) 1452 542 301 (from outside the US). Please quote "Paragon"

A replay of the conference call will be available until March 2, 2010. The United States replay number is 1(866) 247-4222; from the UK 0(800) 953-1533; the standard international replay number is (+44) (0) 1452 550 000 and the access code required for the replay is: 55939564#

Slides and audio webcast:

There will also be a simultaneous live webcast over the Internet, through the Paragon Shipping website (www.paragonship.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About Paragon Shipping Inc.

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 eleven vessels with a total carrying capacity of 719,273 dwt.

Cautionary Statement Regarding Forward-Looking Statement

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for drybulk shipping capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

Contacts:
Christopher Thomas
Chief Financial Officer
Paragon Shipping Inc.
15 Karamanli Ave.
GR 166 73
Voula, Greece
Tel: +30 (210) 8914 600

Investor Relations / Media
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue
Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: paragon@capitallink.com

Promotes key executives to focus on executing channel, product and market growth strategies

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)-- ViryaNet Limited (VRYAF.PK), a leading provider of software solutions that optimize business processes for field service management, today announced key executive promotions for Jeff Oskin and Aviram Hinenzon.

These key promotions will leverage the success ViryaNet has experienced in 2009.

ViryaNet has been profitable through the first 3 quarters of 2009 and expects to be profitable in 2009 (Q4 results have not yet been announced) with significant improvements in gross margins. In addition, ViryaNet is beginning to deliver key capabilities from its focused technology investments in its G4 integrated product platform. Finally, ViryaNet's channel strategy and key partnerships are providing significant wins in strategic targeted markets.

With this strong foundation for growth in place, promotions for Jeff Oskin and Aviram Hinenzon will align their new roles with the continued execution of ViryaNet's strategic plan.

Jeff Oskin has been promoted to President of ViryaNet. Jeff was previously COO of ViryaNet and has been a key contributor to ViryaNet recent success. Jeff has been with ViryaNet for more than 10 years. He has played a major role in developing and building ViryaNet's channel partnerships. In his new role as President, Jeff will be responsible for driving the execution of the company's growth strategy that includes continued profitable growth through expanding channel sales and building key strategic partnerships.

Aviram Hinenzon has been promoted to Vice President of Marketing of ViryaNet. Aviram was previously Vice President of Product Management. Aviram has been with ViryaNet since 2006 and has been responsible for ViryaNet's product strategy. Working closely with partners and customers, Aviram drove the vision for ViryaNet's next generation platform, G4, which delivers un-paralleled field service management capabilities. In his extended role as VP of Marketing, Aviram will be responsible for both the continued development of leading product capabilities and extensive outward-bound marketing programs to the market, ViryaNet's customers and its partners.

"One of the key assets for ViryaNet has been its strong leadership team, said Memy Ish Shalom, CEO of ViryaNet. I am confident that Jeff and Aviram, in their new roles, will help ViryaNet reach its next milestones for growth and continued profitability."

About ViryaNet

ViryaNet provides packaged industry solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in operational excellence. ViryaNet's solutions specialize in the functions of scheduling and dispatching resources and enabling mobile field communication. Embedding industry best practices and utilizing a powerful workflow engine, web architecture, and visibility suite, the ViryaNet solutions allow companies to outperform their competition, better the customer experience, improve financial performance, and address regulatory compliance. ViryaNet possesses a 22-year history in the field service space, a vast number of customers across a variety of industries, and strong partnerships with leading platform and system integration companies. Headquartered in Southborough, MA, ViryaNet enjoys a worldwide presence with offices and customers located in North America, Europe, and the Pacific Rim. For more information, visit www.viryanet.com.

    Source: ViryaNet Limited

Implementation-Ready EHR Solution Will Help Pediatric Specialty Hospital Qualify for ARRA Incentives in 2011

RESTON, Va.--(BUSINESS WIRE)-- QuadraMed(R) Corporation (NASDAQ: QDHC) today announced that The Children's Center, a pediatric specialty hospital in Bethany, Oklahoma, has purchased QuadraMed CPR (QCPR(TM)), the award-winning electronic health record (EHR) solution. QCPR's robust functionality and superior flexibility will meet the Center's specialized needs and help clinicians increase the quality, safety and continuity of pediatric care.

"QuadraMed's solution can be tailored to pediatric care, to the complex needs of our patients, and to the workflows of the many different kinds of clinicians who care for them, including doctors; nurses; nurse educators; physical and speech therapists, and pharmacists," said Darin Brannan, M.D., medical director of The Children's Center. "QCPR provides us with greater customization capabilities than any of the other products we considered. With QuadraMed's support, we are confident we will be able to show "meaningful use" in time for our outpatient clinic to qualify for the federal ARRA incentives in 2011."

The Center offers a wide range of medical services, rehabilitative care and social services to children with complex medical and physical disabilities in long-term care and others who have experienced traumatic injuries to the brain or spinal cord in short-term rehabilitation. It also serves thousands of outpatients through the hospital and Pediatric Physician Clinic.

The Center purchased the QCPR Smart Start solution, which enables order entry, results reporting, nursing assessments for care data capture, care management plans, and inpatient acuity measurement. Care providers receive integrated, clinical decision support for medication administration, (including lab values and care documentation), as well as pharmacy medication delivery. The Children's Center also acquired Computerized Physician Order Entry (CPOE); Long-Term Care and Rehabilitation modules, and QuadraMed's AcuityPlus nurse staffing management solution.

"This agreement marks an important investment for The Children's Center and its clinicians in using QuadraMed's advanced EHR technology to ensure that every child receives the very best and safest care possible," said Duncan W. James, president and CEO of QuadraMed. "We're proud to support the Center's goals of modernizing medicine for their unique healthcare environment."

The packaged Smart Start solution provides each clinician with a customized dashboard that limits their access to information pertinent to their discipline. As a result, QCPR drives improved continuity of clinical operations as well as continuity of care. QCPR Smart Start includes hundreds of pre-designed reports used by medical facilities throughout the country. The Center can deploy these reports with minimal customization to replace other forms that its staff uses every day.

About The Children's Center

The Children's Center, a private, nonprofit pediatric hospital, is dedicated to helping children with complex medical and physical disabilities maximize their potential. In an atmosphere of love and hope, the Center provides general pediatrics, medical and respiratory care, rehabilitative therapies, and special education to youth and children, both inpatients and outpatients.

About QuadraMed Corporation

QuadraMed(R) (NASDAQ: QDHC) is a leading provider of healthcare technologies and services that help turn quality care into positive financial outcomes. QuadraMed provides innovative solutions that streamline processes, ensure compliance and help healthcare professionals deliver quality patient care. Behind the Company's products and services is a staff of 600 professionals whose experience and dedication have earned QuadraMed the trust and loyalty of clients at over 2,000 healthcare provider facilities. For more information about QuadraMed, visit http://www.quadramed.com.

Cautionary Statement on Risks Associated with QuadraMed Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The words "believe," "expect," "target," "goal," "project," "anticipate," "predict," "intend," "plan," "estimate," "may," "will," "should," "could" and similar expressions and their negatives are intended to identify such statements. Forward-looking statements are not guarantees of future performance, anticipated trends or growth in businesses, or other characterizations of future events or circumstances and are to be interpreted only as of the date on which they are made. QuadraMed undertakes no obligation to update or revise any forward-looking statement. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by QuadraMed described in documents filed with the Securities and Exchange Commission ("SEC") from time to time. QuadraMed's SEC filings can be accessed through the Investor Relations section of our website, www.quadramed.com, or through the SEC's EDGAR Database at www.sec.gov (QuadraMed has EDGAR CIK No. 0001018833).

QuadraMed is a registered trademark of QuadraMed Corporation. All other trademarks are the property of their respective holders.

    Source: QuadraMed Corporation

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has placed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the life/health and property/casualty insurance subsidiaries of MetLife, Inc. (MetLife) (Delaware) under review with negative implications. A.M. Best also has placed the ICR of MetLife under review with negative implications. (Please see link below for a detailed listing of the companies and ratings.)

The rating actions reflect MetLife's recent public comments that it is in discussions with American International Group, Inc. (AIG) over the potential acquisition of American Life Insurance Company (ALICO). A.M. Best notes that a definitive agreement has not been reached with AIG nor is there any assurance that an agreement will be reached.

A.M. Best views the magnitude of this potential transaction as significant. As a result, there is uncertainty with respect to the impact on MetLife's balance sheet, capitalization and financial metrics; thus, the ratings have been placed under review with negative implications.

The addition of ALICO, if consummated, would be transformational from a strategic perspective--augmenting MetLife's earnings capability via increased scale, enhancing international market positions and increasing product diversity on a globalized platform.

All ratings will remain under review pending A.M. Best's review of this potential acquisition, as well as the financing and integration plans to determine the transaction's overall impact on MetLife's ratings.

For a complete listing of MetLife, Inc. and its life/health and property/casualty subsidiaries' FSRs, ICRs and debt ratings, please visit www.ambest.com/press/020909metlife.pdf

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

    Source: A.M. Best Co.

HALLANDALE BEACH, FL -- (MARKET WIRE) -- 02/09/10 -- Specialty finance company Structured Asset Funding (d/b/a 123LumpSum) announced today that it has secured financing from an additional credit facility allowing the company the ability to continue giving customers competitive rates for their structured settlement and annuity payments.

"We believe in our mission to help our customers in this difficult economy. This exciting news will permit us to continue to offer the best rates to our customers and to improve the speed of our execution," says President Andrew Savysky.

About Structured Asset Funding (d/b/a 123LumpSum) -- Located in Hallandale Beach, Florida, Structured Asset Funding (d/b/a 123LumpSum), a leading purchaser of structured settlement payments and annuities, is a specialty finance company that applies institutional financing, underwriting and legal expertise to purchase future cash flows from individuals whose life circumstances have changed suddenly and need immediate cash from their insurance annuities.

Contact:
Valerie Bleus
(954) 367-0717
E-Mail - Email Contact