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Kurt Schemers Host - Interviews:
Greg Rotman, President of PAID, Inc.
(bb: PAYD)
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Shares O/S: 223,900,000
Float: 65,000,000
52-week Range: $0.12 - $.71
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Interview Information:
Broadcast Conference Date: 04.02.07
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About PAID, Inc.
Paid, Inc.'s celebrity services provides famous people with official Web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages, and Web site content, to attract tens of thousands of visitors daily, as detailed on its Web site, www.paidcelebrity.com. The Company provides a broad range of sports marketing services for professional athletes and also sponsors autograph signing events. Using patent pending technology, Paid's innovative Auction Inc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and Web site development and hosting. For further information, visit http://www.paid.com.
Paid, Inc.'s fundamental philosophy, since inception in 1999, is to provide the best products and services with the greatest attention to detail and customer service. Co founders Greg and Rich Rotman formed Paid Inc. 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 Shipping Calculator software and Auction Services web site www.Auctioninc.com. The product launch was timed to coincide with the filing of a patent for their auction shipping calculation methodology. 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 then selling 1,000 items per week on eBay and growing rapidly.
During this same time 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 philosophy of great products and customer service continues today as they continue to grow and become a leader in the celebrity services industry.
Greg Rotman, CEO
Gregory Rotman has served as a Director and the Chief Executive Officer and President of Paid, Inc. since February 1999. From 1995 to 1998, he served as a Partner of Teamworks, LLC, which was responsible for the design, financing and build-out of MCI National Sports Gallery. Greg's role as CEO has been one of developing new partnerships and relationships for Paid over the past 8 years.
During his tenure, he has driven the Company's growth, negotiating deals with businesses large and small - from eBay and UPS to acquiring the assets of The Collecting Channel. Greg has a true entrepreneurial spirit and started his business career building a software accounting company in the late 1980s, followed by a very successful dining delivery service in Los Angeles, CA.
Rich Rotman, COO and CFO
Richard Rotman has served as a Director and the Chief Financial Officer, Vice President, Treasurer and Secretary of Paid, Inc. since February 1999. Prior to joining Paid, Inc., he was involved in the management and day-to-day operations of Rotman Auction, which he formed in February 1997.
From 1995 until February 1997, Mr. Rotman worked for the family business, Rotman Collectibles, where he focused on sale and distribution of collectibles, including through auctions and on the Internet.
Keith Garde, President
Keith Garde, age 54, is President of the celebrity services group. Mr. Garde has more than 25 years of management and production experience in the entertainment industry.
In 1995, Mr. Garde founded PKA Management, a Boston-based firm that manages national talent, manages video production and provides consulting services. Mr. Garde was one of the early pioneers in leveraging the Internet for entertainment entities, utilizing it for the digital distribution of artists' content and intellectual property. Mr. Garde has collaborated on special projects for MTV, VH1, A&E, ESPN, NFL, Disney, Paramount Pictures, Daimler-Chrysler, multiple record labels and many other major corporations and artists. He also serves as special projects manager for the artist Aerosmith.
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Forward-Looking Statements
This news release may contain forward-looking statements, which involve risks and uncertainties. Accordingly, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company. These factors include the Company's success in its business and operations; the activities of new or existing competitors, the ability to attract and retain employees and strategic partners, the ability to leverage intangible assets, the ability to complete new projects at planned costs and on planned schedules and adoption of the Internet as a medium of commerce, communications and learning. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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