PAID, Inc. Receives Patent # 8,521,642
27 Agosto 2013 - 11:15AM
Marketwired
The U.S. Patent and Trademark Office (USPTO) issued U.S. Patent No.
8,521,642 to PAID, Inc. (OTCQB: PAYD) on August 27, 2013. This new
patent significantly enhances PAID's existing patent portfolio
related to online shipping and tax calculators.
"The USPTO continues to recognize our pioneering work in
developing online shipping and tax calculators. The new patent
claims multiple additional innovations, expanding the types of
systems and methods for calculating shipping and taxes associated
with items offered for sale on websites with multiple sellers."
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, was issued on April 19, 2011 and, among other things,
facilitates advanced, rapid, accurate estimation of shipping costs
across multiple shipping carriers. Our third patent, No. 8,352,357
issued on January 8th, 2013, covers systems and methods for
calculating shipping and taxes associated with items offered for
sale on online.
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, as 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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