S&W Seed Company Announces Pricing of Its Initial Public Offering

S&W Seed Company (NasdaqCM:SANWU), a leader in breeding and developing proprietary alfalfa seed varieties, today announced that trading has commenced in its initial public offering of 1,400,000 units, which priced at $11.00 per unit, 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 be delisted 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.

Paulson Investment Company, Inc., the operating subsidiary of Paulson Capital Corporation (NasdaqCM:PLCC), is acting as representative of the several underwriters for the public offering. The offering is being made only by means of a prospectus, copies of which may be obtained from Paulson Investment Company, Inc, Attention: Syndicate Department, 811 SW Naito Parkway, Suite 200, Portland, Oregon 97204, telephone [phone] or by e-mail at [e-mail].

A registration statement relating to the units of S&W Seed Company has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 is 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.