Contact Information: MEDIA CONTACT: Amber Roberts Lane PR 646.673.8547 amber@lanepr.com
Paulson Investment Company, Inc. Completes $6 Million Public Offering for BioCurex
| Source: Paulson Investment Company, Inc.
PORTLAND, OR--(Marketwire - January 26, 2010) - Paulson Investment Company,
Inc., a wholly owned subsidiary of Paulson Capital Corp. (NASDAQ : PLCC ), today announced it served as lead manager on the recently completed
secondary offering for BioCurex (OTCBB : BOCX ) (OTCBB : BOCXW ). The offering,
which grossed $6 million, closed on Friday, January 22, 2010.
The BioCurex offering was 1.2 million units at an offering price of $5.00
per unit, with each unit composed of 70 shares of common stock and 70
warrants. BioCurex warrants are exercisable at 150% and callable at 200% of
the price of the common stock on the effective date. The units have been
immediately split into the components, and the units will not trade.
"This secondary marks the completion of more than 160 offerings by Paulson
Investment Company, Inc. and the generation of more than $1.2 billion for
client companies over nearly 40 years in business," said Trent Davis, Chief
Executive Officer, Paulson Investment Company, Inc. "Paulson continues to
support reliable and innovative companies like BioCurex that are positioned
to grow and thrive even in the most challenging market conditions."
About BioCurex
BioCurex is a development stage diagnostics company focusing on development
and commercialization of products for the early detection, diagnosis, and
monitoring of recurrence of cancer. BioCurex has developed a blood test,
Serum-RECAF™ that can detect the presence of cancer in humans and
companion animals using a new cancer marker named RECAF™. The company's
web site is available at www.biocurex.com.
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 165 securities offerings
and has generated more than $1.2 billion for client companies.
With 41 branch offices throughout the country, Paulson Investment Company,
Inc. (member FINRA/SIPC) 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.
The company's web site is available at www.paulsoninvestment.com.
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.