SANWU S&W Seed Company (MM)

S&W Seed Company (NasdaqCM: SANWU), a leader in breeding and developing proprietary alfalfa seed varieties, announced today that, on May 7, 2010, it closed on its public offering, raising gross proceeds of $15,400,000.

Each unit consists of two shares of common stock, one Class A warrant and one Class B warrant. The units began trading on the NASDAQ Capital Market on May 4, 2010 under the ticker symbol “SANWU” and will trade for between 30 and 45 days, after which the units will cease trading and the common stock, Class A warrants and Class B warrants will trade as separate securities. The underwriters have a 45-day option to purchase an additional 210,000 units to cover over-allotments, if any.

"We congratulate Chet Paulson, Chairman of Paulson Investment Company and John Feltl, CEO of Feltl & Company and their teams for their professionalism and high ability. We welcome our new stockholders and promise them that everyone at S&W will be working their hardest for them," said Grover Wickersham, Chairman of the Board.

About S&W Seed Company

S&W Seed Company, founded in 1980, is a leader in warm climate alfalfa seed varieties, including varieties that can thrive on poor, saline (salty) soils. The company's claims to salt tolerance and high yield product leadership are verified by decades of university-sponsored trials. S&W owns a 40 acre alfalfa seed cleaning and processing facility. A large percentage of its sales are to a distributor who sells to foreign end users, principally in Saudi Arabia. In fiscal 2010, the company launched a pilot program to produce stevia leaf, the source of an all natural, non-caloric sweetener. For more information on the company, please visit their website, www.swseedco.com.

About Paulson Investment

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 166 securities offerings and has generated more than $1.2 billion for client companies.

About Feltl and Company

Feltl and Company is a full service securities brokerage and investment banking firm headquartered in Minneapolis, MN. The company focuses on serving the investment requirements of valued individual, institutional and corporate clients. Feltl and Company serves a leadership role in the support of emerging and rapidly growing companies in the small-cap market through its corporate finance services and extensive research coverage. Feltl and Company was founded in 2002 and is comprised of a team of principals with over 100 years of combined investment experience.

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