In the early nineties, Schwinn built Paramounts at the Waterford, WI, facility using True Temper OS tubing as well as standard size tubing from Columbus (SLX for the smaller frames and SL/SP mix for the larger frames). In late 1992, the Waterford facility switched from the True Temper OS tube set to the OS version of Reynolds 753 for the Waterford built Paramounts.

At the same time (in the early nineties), Schwinn worked with manufacturers in Asia to import the PDG "Series" Paramounts. The Series 7 and Series 5 Paramount road bikes were built by National/Panasonic in Japan, while the Series 3 and Series 2 were built in Taiwan initially, and later in China. The reason for the "Series" Paramounts was to market a high end, quality bike at a lower price point than the Waterford built Paramounts.

Here's what Marc Muller, then manager of the Paramount Design Group in Waterford (and now Richard Schwinn's partner in Waterford Precision Cycles) had to say about the Series Paramounts:

"National/Panasonic were willing and eager partners in this project. I spent a lot of time in their plant, and they at our corporate headquarters, overseeing the smallest details to assure the bikes were worthy of the name. While some of us had reservations about the use of the name, after spending the 80's building up the Schwinn/Paramount/PDG brand, once the decision was made to use the name everyone was on board to make the finest possible bikes at their price point. Are they Waterford Paramounts? No. Are they excellent bicycles? You bet! Don't listen to the bashers, you'll drive yourself crazy!"

Richard Schwinn, in an e-mail to Bob Hufford in July, 2006, had this comment:

"The 'Series' Paramounts mostly came from Japan, but the Series 2, 20, 3 and 30 came from Taiwan and eventually China by 1992."