Press Release [full version] 

Paragon Systems Expands Fixed Asset Management Services to New York and New England

Inventory and fixed asset management strategies help regional businesses in New York and New England gain foothold in economic recovery.

Chicago, IL – February 9, 2010 – Paragon Systems (www.FixedAssetExperts.com), a division of Paragon International, has enhanced its East Coast operations in response to increased demand for its Fixed Asset Management services spotlighted by recent client engagements throughout New York and greater New England.  While Paragon has been providing services to companies in New England and the East Coast for over 25 years, the recent surge in demand is driven by their clients’ desire to implement creative strategies for increasing cash flow during a tough economy.  The company has also bolstered its staff of fixed asset management consultants and client support personnel in the region.

Scott Swarts, President of Paragon Systems observes, “Fixed asset management is a unique breed of accounting.  Even experienced accountants can overlook potential savings.  Our customers on the East Coast have gained a new appreciation for the value of our services.  Not only can we help properly track and depreciate assets for tax and insurance savings, our work makes compliance with regulatory requirements – GASB 34/35 and Sarbanes-Oxley, for example – simpler and more straightforward.”

The ongoing expansion in New York and New England not only indicates increased awareness of the importance of physical fixed asset management, Swarts notes, it also points to the success of the Paragon growth strategy.  “It’s only natural that we find new clients in New York and New England, home to many of the nation’s leading financial institutions.  It represents the epicenter of the economic recovery and a great opportunity for everyone involved.”

With offices in Portland, OR, Kansas City, KS, Chicago, IL, and now on the East Coast, Paragon System’s Fixed Asset Management services help clients reduce tax liability and save on insurance through improved management of fixed assets.  The company also performs cost segregation studies, Section 179D energy credit studies, construction cost audits, business valuation services, real estate appraisals, and appraisals of machinery and equipment for insurance and financing purposes through Paragon Valuation Group – a division of the parent company, Paragon International, Inc.