- Paragon Technologies' (OTC:PGNT) major shareholder, Hesham "Sham" Gad, holds 28.4% of the company's shares.
- Under Gad's leadership, SI Systems recorded $5.7 million in aggregate earnings between 2017 and 2024, a significant improvement from a prior $224,000 loss.
- SED International de Colombia S.A.S. (SEDC) generated $15.7 million in profits since being acquired, showing a steady growth trajectory.
Hesham "Sham" Gad, the largest shareholder of Paragon Technologies (OTC:PGNT), has publicly addressed what he describes as false and misleading statements made by board members Timothy Eriksen, Howard Brownstein, David Lontini, and Samuel Weiser. Gad, with a 28.4% stake, highlighted his successful track record, revealing an 11% annualized return to shareholders during his tenure as CEO.
Under Gad's leadership, SI Systems achieved a remarkable $5.7 million in aggregate earnings from 2017 to 2024, contrasting sharply with a $224,000 loss from 2011 to 2016. The company maintained a debt-free status thanks to Gad's management strategies. Moreover, the Colombian subsidiary, SED International (SEDC), delivered consistent growth, amassing $15.7 million in profits over eight years.
Gad has proposed a strategic vision for the company, aiming to transform SI Systems into a niche integrator, expand SEDC beyond Colombian borders, and pursue strategic acquisitions to diversify revenue streams. He remains committed to securing a bright future for Paragon Technologies, emphasizing the need for strategic growth and investment in high-quality businesses.
