Slide 1: LD Micro Conference - 2013
®PAIDNC. LD Micro Conference - 2013
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor statement under the Private Securities Litigation Reform Act of 1995 Statements in this presentation looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the markets, the e
Slide 3: About Paid, Inc. (PAYD)
About Paid, Inc. (PAYD) • PAID began in 1999 as an online sports memorabilia auction company. • PAID also developed a person - to - person auction platform, AuctionInc . • In 2002, the Company was focused on auction management tools to help sellers expedite the process of selling online. • In 2005 P
Slide 4: Summary of Services
Summary of Services • Custom Web Design & Development • Web Site Management & Hosting • Merchandising ; Tour, Retail and Online • E - Commerce • Social Media Marketing • Customer Capture & Database Management • Inventory Management • Pick , Pack & Ship Fulfillment • Customer Service • Live Concert &
Slide 5: Strategic priorities: separating IP and celebrity services
1. Completing the separation of the intellectual property (IP) and celebrity services businesses ; 2. Identifying how to grow the celebrity services business to generate operating cash and consistent profitability without diluting shareholders; and 3. Working with legal counsel to maximize the value
Slide 6: Partnership with Music City Networks
December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 6 "MCN is thrilled to be teaming up with PAID, Inc.'s Celebrity Services division," said Lang Scott, president of MCN. "We have been thoroughly impressed with their operation and staff, and look forward to what our two companies can achieve to
Slide 7: MCN Infrastructure
MCN Infrastructure MCN, much like PAID, believes in providing the best support and service for their clients. MCN has put their website infrastructure in the Amazon Cloud. This provides the scalability and growth for MCN and PAID. With thousands of concurrent users checking out, buying tickets, or s
Slide 8: AuctionInc – Background
AuctionInc – Background • AuctionInc . was founded in 1997 as a person - to - person auction platform, similar to eBay. The platform was transformed into online auction management software to streamline order processing and customer management. • PAID built a shipping calculator to address the delay
Slide 9: AuctionInc – Services
eCommerce Services Provided • PayPal - style Shopping Cart: The ShopCart has all the robust shipping calculations that our other products offer along with its integration to Paypal for checkout . • Comprehensive Shipping Calculator: You can use this tool everywhere on the Internet, including your we
Slide 10: AuctionInc – Services
eCommerce Services Provided • International Module for ShopCart and ShipCalc : Paid Inc’s Global Module is a direct plug into the Paid ShipCalc and ShopCart products, providing 12 services from UPS, USPS, DHL and FedEx to over 230 countries . • Shipping Calculator API: Calls made to Paid’s web servi
Slide 11: How important is an Integrated Shipping Calculator?
How important is an Integrated Shipping Calculator when buying online? December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 11 AuctionInc – Integration “ This past year, we analyzed the removal of the shipping calculator from the product and add - to - cart pages. The only place a visitor could
Slide 12: Forrester Research Study on cart abandonment
Forrester Research Study: • The estimated total of annual abandoned shopping cart revenue will reach $31 Billion dollars . • Shipping costs are the number 1 reason for shopping cart abandonment. • 44 % of shopping carts are abandoned because of shipping costs are too high. • 57 % of web buyers deem
Slide 13: AuctionInc – Statistics
December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 13 AuctionInc – Statistics • Over 1,000 Customers • Almost $20 Million in revenue thru PAID’s Cart products in 2013 • Over 2.4 million calls to our API in 2013 • Only known calculator with advanced algorithms for calculating multiple items goi
Slide 14: Intellectual Property – Summary
Intellectual Property – Summary December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 14 Patents: # 7,324,968, # 7,930,237, # 8,352,357, # 8,521,642 Method and system for Online Shipping Calculator • Methods and systems for improving auction - based online commerce are provided, including methods
Slide 15: Intellectual Property – Summary (cont'd)
Intellectual Property – Summary (cont’d) December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 15 Participants in auctions face certain difficulties: • Determining the actual cost of the item to the buyer, because the actual cost includes not only the price of the item, but also any shipping, han
Slide 16: Patent Portfolio
Patent Portfolio • Patent # 7,324,968, – Method and system for improved online auction • Application Filed – March 25, 2002 • Patent Granted – 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 destinati
Slide 17: Patent Portfolio
Patent Portfolio • Patent # 8,352,357, - Continuation Patent for Method and system for improved online auction • Patent Granted – January 8, 2013 • This patent enhances the portfolio by including shipping calculation with taxes, and enhanced shipping promotions. • Patent # 8,521,642, - Continuation
Slide 18: eCommerce Activity Important U.S. Stats
eCommerce Activity December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 18 Important U.S. Stats • U.S. Consumers will spend $327 b illion online in 2016, up from $226 billion in 2012. By Forrester Research • 192 million U.S. consumers will shop online in 2016, up 15% from 167 million in 2012. By
Slide 19: Selected Financials
Selected Financials Annual Balance Sheet 2013 (YTD) FY 2012 Cash & Investments $ 820,000 $1,576,000 Total Assets $3,106,000 $4,232,000 Total Liabilities $1,421,000 $2,546,000 Total Equity $1,680,000 $ 1,686,000 December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 19 Annual Income Statement 2013
Slide 20: Selected Financials: Quarterly Income Statement
Selected Financials December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 20 Quarterly Income Statement Q3 – 2013 Q2 – 2013 Q1 – 2013 FY 2012 Revenue $1,111 $1,069 $932 $13,968 Net (LOSS) $127 ($81) ($202) ($4,146)
Slide 21: Committed to monetization of our patent portfolio
We are fully committed and focused on the monetization of our patent portfolio with our IP partners; Hunton and Williams LLP December 4, 2013 ©Paid, Inc. 2013 - All rights reserved. 21