With fiscal ’95 revenues of $40 million and profits of $150,000, Paragon Entertainment Corporation is on track with last year’s forecasts, said Jon Slan at the company’s annual general meeting, held in Toronto earlier this month.

Last year’s acquisition of England’s HandMade Films for us$8.5 million has already returned one-quarter of the investment made and is expected to continue to contribute to the bottom line with an active production schedule, including the feature films Baby Shoes, a romantic comedy, Intimate Relations and Sweet Angel Mine, a Canada/uk coproduction which is shooting in Nova Scotia, and a number of other features in the upcoming year.

Paragon’s current development slate consists of 200 projects and $27 million in productions, including 22 new episodes of Forever Knight, are planned by the end of 1996. The first joint production with partner Lacewood Animation Productions will be Savage Dragon, a 13-episode series based on a comic book character.

Slan projects revenues of about $70 million and profits of $1 million for next year.