PAID, Inc. Receives Patent # 8,352,357
08 Janeiro 2013 - 12:00PM
Marketwired
The U.S. Patent and Trademark Office (USPTO) issued U.S. Patent No.
8,352,357 to PAID, Inc. (OTCBB: PAYD) on January 8, 2013. This new
patent significantly enhances PAID's existing patent portfolio
related to online shipping calculators.
"The USPTO continues to recognize our pioneering work in
developing online shipping calculators. The new patent claims
multiple innovations, including certain systems and methods for
calculating taxes associated with items offered for sale on auction
websites," said Austin Lewis, PAID, Inc. CEO. "We continue to work
closely with our patent team to position us so that we can best
monetize our intellectual property."
PAID, Inc. was awarded its first patent, No. 7,324,968, on
January 29, 2008. This patent relates to the real-time calculation
of shipping costs for items purchased online, including using a zip
code as a destination location indicator. Our second patent, No.
7,930,237, issued on April 19, 2011 and, among other things,
facilitates advanced, rapid, accurate estimation of shipping costs
across multiple shipping carriers.
About PAID, Inc.: PAID, Inc. is a one-stop brand management and
marketing resource to music, entertainment and sports personalities
and organizations, and offers AuctionInc™ online shipping
calculation and shopping cart software employing its patented
technology to streamline ecommerce. Known for quality and customer
service, PAID offers turnkey online, mobile, social media and
traditional marketing campaigns, VIP ticketing, web site design,
merchandising, ecommerce and fan community management programs.
More details are available at www.paid.com.
Safe Harbor statement under the Private
Securities Litigation Reform Act of 1995: Statements in this
news release looking forward in time involve risks and
uncertainties, including the risks associated with the effect of
changing economic conditions, trends in the markets, the effect and
possibility of a spinoff, the successful monetization of the
patent, variations in the company's cash flow, competition,
celebrity programs, business development efforts, technology
availability and cost of materials and other risk factors. Factors
that could cause actual results to differ materially are discussed
in the Company's most recent filings with the Securities and
Exchange Commission.
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