Paid Inc. (OTC:PAYD) Something to Chew On

Las Vegas, NV -- (SBWIRE) -- 01/15/2013 -- Paid Inc. (OTC:PAYD) plunged 7.55 percent today to settle around $0.0980. The share price has show volatile movement in its last two weeks however, strong trading activity was seen.

Paid, Inc recently received a U.S. Patent No. 8,352,357 related to online shipping calculators which recognizes the company’s pioneering efforts in development of online shipping calculators. This patent also accredits multiple innovations to the company such systems and methods for calculating taxes and items offered for sale on auction websites.

The company was awarded its first patent in 2008 which was related to real time calculation of shipping costs for products purchased online. Their second patent in 2011 focused on advanced, rapid and accurate estimation of shipping costs across multiple shipping carriers.

The company has reported significant growth in its revenues over the year and its managements expects same potential growth for coming quarters.

To find out what OTCMAGIC projects for Paid Inc. for both short term and long term please click here: PAYD

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