Paid, Inc. · OTC:PAYD
Paid — Investor Presentation (February 2014)
23 slides from Paid's investor presentation, Feb 13, 2014
Slide 1: PAID Inc.
PAIDNC.
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) - Early History 1999-2005
About PAID, Inc. (PAYD) • PAID began in 1999 as an Internet sports memorabilia auction company. • PAID also developed a person - to - person auction platform, AuctionInc . • In 2002, the Company transitioned AuctionInc to provide auction management tools to help sellers expedite the process of selli
Slide 4: About PAID, Inc. (PAYD) - Later History 2005-2013
About PAID, Inc. (PAYD) February 12, 2014 • PAID launched an aggressive campaign to establish the Shipping Calculator and PCMS as the best online community product. • In 2008, the Company received it’s first patent for online shipping calculators. • 2011 PAID is granted it’s 2 nd patent for shipping
Slide 5: New Management's Short Term Goals
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: PAID's Intellectual Property Online Shipping Calculator
PAID’s Intellectual Property February 12, 2014 Online Shipping Calculator: • Determining the actual cost of the item to the buyer, including; handling, taxes, insurance, or other costs. • Sellers offer various promotions, such as free shipping, flat rate shipping, discounts and promotions. • A need
Slide 7: Patent Portfolio: Patent # 7,324,968
Patent Portfolio Patent # 7,324,968 Method and system for improved online auction Application Filed – March 25, 2002 Patent Granted – January 29, 2008 1. Real - time calculation of shipping costs for items purchased online at auction 2. Including using a zip code as a destination locator 3. The opti
Slide 8: Patent Portfolio: Patent # 7,930,237
Patent Portfolio Patent # 7,930,237 Continuation Patent for Method and system for improved online auction Patent Granted – April 19, 2011 1. Enhancements on the original patent with real - time calculation of shipping 2. Facilitates rapid and accurate estimation of one or multiple shipping rates 3.
Slide 9: Patent Portfolio: Patent # 8,352,357
Patent Portfolio Pa tent # 8,352,357 Continuation Patent for Method and system for improved online auction Patent Granted – January 8, 2013 1. Adding enhancements for shipping preferences 2. Determine a tax factor and tax rate 3. Calculate the shipping rate on the seller’s preferences February 12, 2
Slide 10: Patent Portfolio: Patent # 8,521,642
Patent Portfolio Patent # 8,521,642 Continuation Patent for Method and system for improved online auction Patent Granted – August 27, 2013 1. Enhancements on the tax factor 2. Multiple - seller offerings 3. Enhancements to the remote sellers February 12, 2014 © PAID, Inc. 2014 - All rights reserved
Slide 11: Patent Portfolio: Patent # 8,635,150
Patent Portfolio Patent # 8,635,150 Continuation Patent for Method and system for improved online auction Patent Granted – January 21, 2014 1. Enhancements to the remote seller 2. Related to third - party fulfillment options 3. Rates charged by common carriers 4. Enhancements on percentage - based r
Slide 12: Patent to Auction Inc
February 12, 2014 Patent to Auction Inc © PAID, Inc. 2014 - All rights reserved 12
Slide 13: Auction Inc - Background
• AuctionInc . was founded in 1997 as a person - to - person auction platform. • In 2002 PAID filed for it’s first patent to support the technology. • PAID built a shipping calculator to address the delays and extra work caused by customer communication. • The platform was transformed into online au
Slide 14: eCommerce Services Provided
eCommerce Services Provided • PayPal - style Shopping Cart: Robust shipping calculations that our other products offer along with its integration to Paypal for checkout . • Comprehensive Shipping Calculator: You can use this shipping calculator tool everywhere on the Internet, any website , a classi
Slide 15: Auction Inc International Module and Shipping Calculator API
February 12, 2014 Auction Inc 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 service
Slide 16: How important is an Integrated Shipping Calculator when buying online?
How important is an Integrated Shipping Calculator when buying online? February 12, 2014 “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 find the shipping calculator was on the shipping & billing page . C
Slide 17: Forrester Research Study
Forrester Research Study: • The estimated total of annual abandoned shopping cart revenue will reach $31 billion dollars . • Shipping costs are the number one reason for shopping cart abandonment. • 44 % of shopping carts are abandoned because of shipping costs are too high. • 57 % of web buyers dee
Slide 18: Auction Inc - Statistics
February 12, 2014 Auction Inc – Statistics © PAID, Inc. 2014 - All rights reserved 18
Slide 19: Auction Inc - Statistics
February 12, 2014 Auction Inc – 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 going in multiple packages. • Year - over -
Slide 20: eCommerce Activity Important U.S. Stats
eCommerce Activity February 12, 2014 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 Forrester Research Global E - Commerce To
Slide 21: Selected Financials: Annual Balance Sheet and Income Statement
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 February 12, 2014 Annual Income Statement 2013 (YTD) FY 2012 Revenue $3,111,800 $13,968,0
Slide 22: Selected Financials: Quarterly Income Statement
Selected Financials February 12, 2014 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) © PAID, Inc. 2014 - All rights reserved 22
Slide 23: 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 February 12, 2014 © PAID, Inc. 2014 - All rights reserved 23