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To: Mr.Manners who wrote (101)	2/8/1999 2:40:00 PM
From: pat w.	Respond to of 9115

PAULSON CAPITAL CORP. TO ADD ON-LINE INVESTMENT BANKING SERVICES BUSINESS EDITORS -------------------------------------------------------------------------------- PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 8, 1999--The Board of Directors of Paulson Capital Corp. (Nasdaq:PLCC.O) has authorized its subsidiary, Paulson Investment Company, to implement a new on-line division which will highlight the Company's investment banking projects. John Paulson, currently a financial analyst with PIC, will be the Managing Director of the new division which will operate under the name PaulsonDirect.com.