USPTO Continues to Examine Paid, Inc. Patent Application

USPTO Continues to Examine Paid, Inc. Patent Application

WORCESTER, Mass., Feb. 9 /PRNewswire-FirstCall/ -- Paid, Inc. (BULLETIN BOARD: PAYD) in coordination with its legal counsel, Hunton & Williams LLP, has filed a request for continued examination of its patent application with the U.S. Patent & Trademark Office (USPTO). The request includes new claims to be included in the patent application following discussions with the USPTO examiner assigned to the patent application.

"We've had several discussions with the USPTO Examiner assigned to the patent application since the USPTO's issuance of an Office Action on our patent application in November 2004," said Greg Rotman, CEO of Paid, Inc. "We're pleased that the patent office is continuing to review Paid's patent application for our online shipping calculator and related technology. Based upon our discussions with the USPTO Examiner, we've filed a request for continued examination with new claims focusing on some core aspects of our online shipping calculator technology."

About Paid, Inc.:

Paid's innovative products and services are utilized in online auction management, ecommerce and web site development and hosting. Using proprietary technology, Paid, Inc. is a respected developer of dynamic, cutting edge celebrity web sites and ecommerce storefronts that attract tens of thousands of visitors daily. Paid's Auction Inc brand auction management and shipping calculation software utilizes Paid's patent-pending process technologies to streamline back-office and shipping processes for online auctions and e- commerce. Paid's Celebrity Services offers a broad array of services to the sports, music and entertainment industries, including fan club management, premium ticket packages, fan experiences, web site development, merchandising and special events management. Paid's Rotman Auction is an eBay Platinum Powerseller that sells thousands of items -- primarily sports, Hollywood and Americana collectibles and memorabilia -- each week on eBay. The company also builds and maintains large database-driven portals across a broad array of industries. The Company's common stock is traded on the Nasdaq OTC Bulletin Board under the symbol PAYD. For further information visit http://www.paid.com/.

Forward Looking Statements:

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations and the pending patent. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward- looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.

CONTACTS:

MEDIA: Julie Shepherd, Accentuate Inc. for Paid Inc., +1 815 479 1833, Julie@paid.com

INVESTORS: Jens Dalsgaard, Redwood Consultants, LLC, +1-415-884-0348, jnsd@aol.com, for Paid


Source: Paid, Inc.

CONTACT: Julie Shepherd of Accentuate Inc. for Paid Inc.,
+1-815-479-1833, Julie@paid.com; or Jens Dalsgaard of Redwood Consultants,
LLC, +1-415-884-0348, jnsd@aol.com, for Paid


Web site: http://www.paid.com/


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