Paid, Inc.'s fundamental philosophy is to provide the best products and services with the greatest attention to detail and customer service. This has been the philosphy for Greg and Rich Rotman, the founders of Paid, Inc., since 1999. The Company was originally formed from the auction services of Rotman Auction, an internet and phone sports auction company, and Internet AuctionInc, a person-to-person auction platform. During the first two years of operation, Richard focused on growing Rotman Auction and developing tools and resources to better sell products on the Internet. Greg spent his time building partnerships and relationships while increasing Paid's intellectual assets with the acquisition of the assets of ChannelSpace Entertainment. These new partnerships with eBay, PayPal, Digital River, and the USPS began the new era of Paid's corporate transition into a product and services company.
In 2002 the Company launched its new Shipping Calculator and Auction Services website www.Auctioninc.com. The product launch was simultaneously timed to coincide with the filing of their patent for their auction shipping calculator. At the time, the shipping calculator helped Rotman Auction instantly increase sales by 40% and reduce overhead by 100% within the first month of launch. Rotman Auction was now selling 1,000 items per week on eBay and growing rapidly.
During this same time period the Company began hosting an increasing number of autograph signings and also started engaging in the business of hosting celebrity websites. This new venture began with athletes and quickly moved to provide fan community services for music artists, celebrities, and entertainers. The athlete websites started to grow and with a roster of great football and baseball players like Doug Flutie, Tim Wakefield, and Bronson Arroyo, new athletes/clients were signing up with Paid every month. In 2004, the Company signed a contract to host Aerosmith's Official Fan community, www.AeroForceOne.com, and a new age of Paid's business began to evolve. Soon afterwards Paid began to sign other music clients and celebrities and now hosts such artists as The Cars, Patti LaBelle, DMC and Rockapella.
Paid now provides a multitude of services for their celebrity clientele including video production, merchandising, ticketing, fan experience programs, community development, management, marketing and sponsorships. Paid's philosphy of great products and customer service continues today as they continue to grow and become a leader in the celebrity services industry.
Paid, Inc. is a public company and trades under the symbol PAYD on the (OTCBB).
