PORTLAND, OR--(MARKET WIRE)--Nov 12, 2008 -- Paulson Investment Company, Inc., a wholly owned subsidiary of Paulson Capital Corp. (NasdaqCM:PLCC - News), brings together 21 companies to present at Paulson Investment's 31st Annual Westergaard Conference beginning at 7:00 AM EST at the Waldorf-Astoria Hotel in New York City.

Noted as one of Wall Street's most widely anticipated micro/small cap events of the year, the Conference will showcase select small and emerging growth companies focused on establishing leadership in a broad range of industry sectors. Founded in 1978 by noted small cap analyst John Westergaard, this Conference provides a venue for invited companies to share detailed insight into their business operations, short and long term growth strategies and industry vision.

Media interested in the event should contact Amber Roberts, LANE PR, at 503-442-5834. For more information about the conference, please visit: www.westergaardconference.com.

 
EVENT OVERVIEW:

WHAT:    Paulson Investment's 31st Annual Westergaard Conference

WHO:     21 micro and small cap emerging growth companies

WHEN:    Wednesday, November 12, 2008 from 7:00 AM to 5:30 PM ET

WHERE:   Waldorf-Astoria Hotel, 301 Park Avenue (Between 49th and 50th),
         New York City

VISUALS: CEOs and leadership from micro and small cap emerging growth
         companies will be presenting.
         Interviews are available upon request. Contact: Amber Roberts,
         503-442-5834, amber@lanepr.com

KEYNOTE
SPEAKER: Larry Kudlow, host of CNBC's "Kudlow & Company" and WABC Radio's
         "The Larry Kudlow Show."

The 2008 Conference hosts a diverse group of companies each scheduled to give multiple presentations throughout the day to small, informal groups of investment professionals. Confirmed presenting companies, listed by industry sector, are:

 
Alternative Energy:
China Energy Recovery, Inc. (OTC BB:CGYV.OB - News)
Power Air Corporation (OTC BB:PWAC.OB - News)

Consumer Products and Services:
Enable Holdings, Inc. (OTC BB:ENAB.OB - News)
Healthy Fast Food, Inc. (OTC BB:HFFI.OB - News)
Smart Move, Inc. (NYSE Alternext US: MVE)
SOYO Group, Inc. (OTC BB:SOYO.OB - News)

Conventional Energy:
Pacific Asia Petroleum, Inc. (OTC BB:PFAP.OB - News)

Environmental Responsibility:
Converted Organics, Inc. (NasdaqCM:COIN - News)

Entertainment Services:
Tix Corporation (NasdaqCM:TIXC - News)

Financial Services:
EDGAR Online, Inc. (NasdaqCM:EDGR - News)
MyECheck, Inc. (OTC BB:MYEC.OB - News)
Paulson Capital Corp. (NasdaqCM:PLCC - News)

Healthcare:
IntegraMed America, Inc. (NasdaqGM:INMD - News)
Nanogen, Inc. (NasdaqCM:NGEN - News)
The Quantum Group, Inc. (NYSE Alternext US: QGP)

Industrial:
Baldwin Technology Company, Inc. (NYSE Alternext US: BLD)

Security and Technology:
DRI Corporation (NasdaqCM:TBUS - News)
ICOP Digital, Inc. (NasdaqCM:ICOP - News)
INX Inc. (NasdaqGM:INXI - News)
IPtimize, Inc. (Other OTC:IPZI.PK - News)
Patriot Scientific Corporation (OTC BB:PTSC.OB - News)

About Paulson Capital Corporation

Paulson Capital Corporation is the parent company to Paulson Investment Company, Inc. Headquartered in Portland, Oregon, Paulson Investment Company, Inc. 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 Chester "Chet" Paulson in 1970, it has managed or underwritten 163 securities offerings and has generated more than $1.2 billion for client companies. The firm's enduring success stems from its ability to recognize emerging industry trends and from supporting emerging companies pioneering positive change and advancements in those related markets.

With corporate and independent retail brokerage offices located in ten states throughout the country, Paulson Investment Company, Inc. aims to earn and build trust with retail and select institutional investors through highly customized financial portfolio management, diversified financial products and service offerings and effective administration and execution of investment strategies that specifically address individual risk tolerance levels. In addition, Paulson Investment Company, Inc.'s brokerage clients look to the firm for compelling new investment ideas in the small and emerging growth markets.

Paulson Investment Company, Inc. was the managing underwriter for the initial and/or secondary public offerings for one or more of the presenting companies. Paulson Investment Company, Inc. may make a market in one or more of the securities for the presenting companies. These markets may, however, be changed at any time without notice. Individuals associated with Paulson Investment Company, Inc. and its officers and/or directors may hold shares in companies affiliated with this conference and may increase or decrease such holdings without notice.

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 trading 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.

     FOR MORE INFORMATION, PLEASE CONTACT:
      
     Media Relations:
     Amber Roberts
     Account Supervisor
     LANE PR
     917-639-4030
     Amber@lanepr.com