same problem here I posted a topic too with no replies good news is I solved it paragon products can not be booted by a separate bif file cuz thier boot sector is modified and ofcourse you can't load ISO file directly "except acronis" so you use the following line as your easyboot command
for this to run you must have isolinux in your ezboot folder while the contents of paragon ISO in a folder "paragon" on your bootable CD root one more thing if you get "could not load kernel image vmlinuzp" error this means you paragon hard manager is older than mine and uses BZimage kernel so replace the word vmlinuzp with BZimage in your easyboot command ofcourse you can check which file exists in your paragon folder contents and save yourself the trouble I learned that from the UBCD forum