

                                      EXHIBIT 21
                                      ----------

               LIST OF SUBSIDIARIES OF PARAMOUNT FINANCIAL CORPORATION



               .    Paratech Resources, Inc. (owned by Paramount);
                    incorporated in New York

               .    Deltaforce Personnel Services, Inc. (owned by
                    Paramount); incorporated in New York

               .    Abbey, Garrett & Seth, Ltd. (owned by Paratech);
                    incorporated in New York; does business under the name
                    Comptech Resources



