Paradise, Inc. Announces Third Distribution to Shareholders

Consistent with its expectations as communicated in its letter to shareholders dated July 8, 2019, which accompanied its definitive proxy statement filed with the Securities and Exchange Commission that day (the "Proxy Statement"), its letter to shareholders dated September 12, 2019 in connection with the initial distribution to shareholders, and its letter to shareholders dated July 21, 2020 in connection with the second distribution to shareholders, the Company will be making a third distribution to its shareholders, consisting largely of the proceeds from the sale of its land and buildings (the "Third Distribution").