Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - VBI VACCINES INC. | pcc_8k-081111.htm |
Exhibit 99.1
PAULSON CAPITAL CORP. REPORTS
SECOND QUARTER 2011 RESULTS
PORTLAND, OR – August 11, 2011
Paulson Capital Corp. (Nasdaq: PLCC), parent company of Paulson Investment Company, Inc., today reported a net loss of $2,362,021 (or ($0.41) per share) for the three months ended June 30, 2011 versus a loss of $377,712 (or ($0.06) per share) for June 30, 2010. Revenues for June 30, 2011 totaled $2,575,434 versus $4,758,722 for the same period in 2010.
Chester L.F. Paulson, Chairman, stated:
“The problems in the global economy continue to plague small cap issues. Although we attempt to match operating costs with activity levels, many of our expenses are either fixed or difficult to change on short notice. Accordingly fluctuations in trading, retail and corporate finance revenues tend to result in sharper fluctuations in net income or loss.”
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 of 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.
Contact: Chester L.F. Paulson – 503-243-6010