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To: last1out who wrote (7467)	2/24/1999 1:12:00 PM
From: myturn	Respond to of 15987

PARA, small float and moves fast! News just out! Last time on news it ran to $8.00 Wednesday February 24, 11:17 am Eastern Time Company Press Release SOURCE: Paramount Financial Corporation Paratech Resources, Inc. Awarded Systems and Integration Contract by The American Foundation for the Blind JERICHO, N.Y., Feb. 24 /PRNewswire/ -- Paratech Resources, Inc., the network integration and Information Technology (IT) subsidiary of Paramount Financial Corporation (Nasdaq: PARA - news), announced that it has been awarded a Systems Maintenance, Help Desk, Network Administration and Support Services contract by The American Foundation for the Blind (''AFB'', New York, NY). According to Paratech Vice President Rocco Passafuime, the contract calls for Paratech to provide this national not-for-profit organization with a full-service maintenance and support program for all of its server platforms (SCO, SUN, Novell and NT), desktops and peripheral devices. In addition, Paratech will provide AFB with extensive help desk support via a toll free number, accessible 8-hours/day, 5-days/week for first level telephone and on-site repair services and accessible 24-hours/day, 7-days/week for applications support including Windows 95, Excel, Eudora E-Mail, Corel Suite, and Internet Explorer. Technical Help Desk support will be accessible from 9AM to 5 PM in each of the time zones for users in New York, NY; Washington D.C.; Atlanta, GA; Chicago, IL; Dallas, TX and San Francisco, CA. The contract also includes local area network/wide area network (LAN/WAN) support services utilizing as well as an on-site senior system engineer several days per week, and also special project services. Regarding AFB's decision to award its systems contract to Paratech Resources, Kelly Bleach, Director of Information Systems at the AFB, ''Paratech has made a commitment to supporting our efforts to create a 'model office' using technology to support the productivity of both sighted and blind and visually-impaired employees. Many blind and visually-impaired individuals depend on the accessibility of technology in their lives. That accessibility in the workplace can be achieved by making relatively minor accommodations, such as including screen reader software on desktops, selecting appropriate software applications, and including text descriptors along with graphics. Paratech is providing applications support in both point-and-click and keystroke equivalents and they are partnering with us to train their technicians to support adaptive technologies such as screen readers.'' Paramount Financial Corporation is a business solution provider, offering customers a wide range of integrated services, including lease finance, information technology consulting, network design and implementation, and staffing services. The Company's stock is traded on the Nasdaq stock exchange under the symbol PARA.