Paragon Shipping Announces Date For The Release Of Second Quarter And Six Months Ended June 30, 2015 Results, Conference Call And Webcast

ATHENS, Greece, Aug. 28, 2015 /PRNewswire/ -- Paragon Shipping Inc. (NASDAQ: PRGN) ("Paragon Shipping" or the "Company"), a global shipping transportation company specializing in drybulk cargoes, announced today that it will release its results for the second quarter and six months ended June 30, 2015, after the market closes in New York on Tuesday, September 1, 2015. Paragon's management team will host a conference call to discuss the Company's financial results on Wednesday, September 2, 2015, at 9:00 am ET.

Conference Call and Webcast details:Participants should dial into the call ten minutes before the scheduled time using the following numbers 1-888-348-8931 (USA) or +1-412-902-4248 (international) to access the call. A replay of the conference call will be available for seven days and can be accessed by dialing 1-877-870-5176 (USA) or +1-858-384-5517 (international) and using passcode 10070880.

Slides and audio webcast:There will also be a simultaneous live webcast through the Company's website, www.paragonship.com. Participants should register on the website approximately ten minutes prior to the start of the webcast.

About Paragon Shipping Inc.Paragon Shipping is an international shipping company incorporated under the laws of the Republic of the Marshall Islands with executive offices in Athens, Greece, specializing in the transportation of drybulk cargoes. Paragon Shipping's current fleet consists of twelve drybulk vessels with a total carrying capacity of 719,769 dwt. In addition, Paragon Shipping's current newbuilding program consists of two Ultramax and three Kamsarmax drybulk carriers that are scheduled to be delivered from the third quarter of 2015 through the first quarter of 2016. The Company's common shares and senior notes trade on NASDAQ under the symbols "PRGN" and "PRGNL," respectively. For more information, visit: www.paragonship.com. The information contained on Paragon Shipping's website does not constitute part of this press release.

ContactsParagon Shipping Inc.[email protected]

DresnerAllenCaronRudy Barrio (Investors)[email protected](212) 691-8087

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SOURCE Paragon Shipping Inc.