Other former Paragon board members will resign as a condition of the merger agreement.
Paragon also announced that it anticipated filing its Form 10-Q for the three months ended March 31, 2006 within the next 10 days.
Readers are cautioned that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Paragon and/or Crusader.
Real-time server backup using Paragon Hot Backup Technology and MS VSS powered backup technologies
Paragon Hot Backup (TM) technology takes a "complete imprint" of running server applications while creating the server's disk image.
This is the second SSA contract awarded to SEP in the past 30 days and the fifth new contract award for Paragon Systems and affiliates since Jan.
Working with Paragon Systems under the Small Business Administration's Mentor Protege program has been an enriching experience for our organization and we are looking forward to continuing our success together.
It is a great testament to our mission here at Paragon and SEP that the Social Security Administration has entrusted us with another security contract," said Leslie Kaciban, Jr.
Our partnership between Southeastern Protective Services and Paragon Systems is a joining of two strong companies," said Marty Melton, president of Southeastern Protective Services Corp.
We are quite pleased with the success rate of new contract awards thus far in 2006 for Paragon Systems and we are looking forward to similar continued results throughout the remainder of the year.