Tucson, AZ — July 21, 2006 — Paragon Space Development Corporation officially announced today that Dr. Lance Bush of West Palm Beach, Florida has joined its award winning team. Dr. Bush brings to Paragon a wealth of expertise in Space Exploration, Engineering & Science Management, International Relationships and Strategic planning. “I’m happy to have Lance join our team,” Taber MacCallum, CEO of Paragon said in a statement, “As our new Vice President of Programs, Lance brings a history of crafting and managing successful national and international space programs coupled with a strong engineering pedigree. His skills will be instrumental to Paragon during this period in which we are rapidly growing.”

Dr. Bush has lead design and analysis teams for human space transportation systems including space planes, space station rescue vehicles, and Moon/Mars vehicles. He was the Chief Structural Engineer and System Configuration Manager for the HL 20, the most advanced human spacecraft development program since shuttle. In the course of the HL 20 program he also developed state-of-the-art software to perform optimal designs for safety and efficiency of space vehicles. While working as Manager for International Space Station Commercial Development at NASA Headquarters, Dr. Bush managed the International Space Station Entrepreneurial Offer Program. There he developed policy and technical reports for, and responses to, the US Congress and the White House regarding space commercialization programs. He also represented NASA as a space commercialization expert to international bodies including the Organization for Economic Co-operation and Development, United Nations, and International Astronautical Federation.

About the Company

Founded in 1993, Paragon Space Development Corporation is a woman-owned small business and full-service aerospace engineering and technology development firm. Paragon is a major supplier of Environmental Control and Life Support System (ECLSS) and sub-system design for the aerospace industry with expertise in thermal control for spacecraft on orbit and during re-entry, as well as hyper-velocity aircraft. To learn more, please visit: www.ParagonSDC.com