Gray & Creech Water Systems, Inc. Inks Deal with Paragon Commercial Bank

Raleigh, NC, December 14, 2007 --( Vicky Hortman, president of Gray & Creech Water Systems, Inc. (, a Raleigh-based distributor of drinking water and coffee systems, has announced that the firm has signed an agreement with Paragon Commercial Bank to provide drinking water systems for the bank’s Raleigh headquarters and its Charlotte, N.C., and Richmond, Va., locations. The package will feature the Innowave Chiller Sport, a revolutionary water treatment system that uses a two-stage filtration technology to absorb or modify drinking water contaminants. With headquarters in Raleigh, N.C., and locations in Charlotte, N.C., and Richmond, Va., Paragon Commercial Bank provides banking products and services to small- to medium-size companies with annual revenues from $5 million to $50 million

“We are excited to be providing Paragon Commercial Bank with our drinking water systems,” said Hortman. “As North Carolina’s first business-only bank, Paragon is an innovator, and we look forward to working with them for a long time to come.”

About Paragon Commercial Bank:
Paragon Commercial Bank opened in May 1999 in Raleigh as North Carolina’s first business-only bank and expanded to Richmond, Va., in 2005 to become one of Virginia’s first business-only banks. In 2006, Paragon opened a branch in Charlotte, N.C., one of the country’s largest banking markets. Paragon was formed to serve the financial needs of commercial clients, their owners and other targeted clients with superior performance. Known as “The Bank for Business,” Paragon provides banking products and services tailored to meet the needs of small- to medium-size companies with annual revenues from $5 million to $50 million, including commercial real-estate firms, residential construction firms and professional service firms, such as attorneys, health-care providers and accountants. The bank also provides corporate financial services for businesses with annual sales from $5 million to $100 million. For more information, visit

About Gray & Creech Water Systems, Inc.:
Originally founded in 1922 as an office duplicator distributor, Gray & Creech Water Systems, Inc. is now the largest company in the Triangle supplying state-of-the-art office drinking water purification systems to North Carolina businesses. The company uses a unique point-of-use technology that refines regular tap water to provide consistent, high-quality drinking water that is free from contaminants and odor. Gray & Creech water systems are highly renowned for providing businesses with significant cost savings over traditional bottled water solutions, typically offering companies cost savings of 50 to 65 percent. In addition to meeting the drinking water needs of businesses, Gray & Creech also provides the most advanced office coffee systems available, featuring revolutionary conveniences and coffee of exceptional quality. For more information, visit

Patty Briguglio
MMI Associates, Inc.
PR Firms Raleigh, NC

Gray & Creech Water systems, Inc.
Patty Briguglio