Paid Inc. Reports Third Quarter 2007 Results: Q3 Revenues Increase 6% over 2006

Paid, Inc. (OTCBB: PAYD) today announced that its revenues for the third quarter of 2007 were $1,586,600, an increase of $87,400 (6%) over the comparable 2006 quarter. The principal reasons for the increase in third quarter revenues were a $188,800 increase related to tours of performing artists, offset by lower revenues related to sports marketing services of $37,900 and lower sales of Company owned product of approximately $77,300 from the same period in 2006. The increase in revenues related to tours of performing artists is attributable to higher tour activity in the 2007 quarter. During the third quarter, Paid derived 96% of its revenues from sales of fan club memberships, merchandise, and fan experiences related to tours of performing artists, compared to 89% in the comparable quarter of 2006. Paid’s remaining revenues in the third quarter of 2007 were derived primarily from sales of the Company's own product and fees from buyers and sellers through the Rotman Auction operations. Total operating expenses for the third quarter of 2007 were $1,026,600 compared to $1,096,300 in 2006, a decrease of $69,700. Sales, general and administrative ("SG&A") expenses for the third quarter of 2007 were $912,000, compared to $942,900 for the comparable period. The decrease of $30,900 in SG&A costs includes decreases in payroll and related costs of $128,700, offset by increases in professional and consulting fees of $111,200. The Company realized a net loss for the third quarter of 2007 of $442,600 compared to a net loss of $647,400 for the comparable 2006 period. The 2007 and 2006 losses each represented less than $.01 per share. Nine Months Financial Results For the nine months ended September 30, 2007, revenues were $2,899,000, 93% of which was attributable to sales of fan club memberships and merchandise related to performing artists. Fan club membership and related merchandise sales revenues were $2,698,600, sales of the Company's own product were $97,000 and sports marketing revenues were $35,800. Operating expenses for the nine months ended September 30, 2007 were $2,971,200 compared to $3,130,000 in 2006, a decrease of $158,900. The Company realized a net loss for the first nine months of 2007 of $1,777,000 compared to a net loss of $1,450,100 for the same period in 2006. Both losses represent $.01 per share. Greg Rotman, CEO of Paid, Inc., said, "We’ve proven ourselves by delivering outstanding fan experience packages and merchandise coupled with customer services that sets the standard for the industry. Our excellence in these areas has started to attract the attention of major industry players. During the third quarter, we secured a contract with Deep Purple and in the fourth quarter we signed USC Coach Pete Carroll, and musical artists Heather Schmid, and the Run-DMC brand. We anticipate announcing additional contracts before year end that should further enhance revenues in 2008 and beyond.” According to analysts at eMarketer, "Every major category of the LIVE music industry has been growing and is poised for continued expansion, including ticket sales, merchandise sales, ancillary venue revenue and tour and special-event related sponsorships.” Rotman noted, "As many in the entertainment industry have publicly stated, mobile content, merchandising and VIP ticketing are expected to be the largest areas for future revenue growth for the entertainment industry. We believe we’ve positioned Paid to capitalize on all of these areas. During the past nine months, most of our revenues came from fan experience packages with a handful of Meet & Greets. However, we are now negotiating contracts include larger numbers of meet & greets, special appearances and mobile content. Plus many will feature a much larger merchandising component, including sales of tour merchandise at concerts, as well as merchandise sales online and through other channels. In addition to talking to individual artists, we’re currently in discussions with aggregators, managers and artist labels and we’ve also been approached by some joint venture opportunities. This could lead to exponential growth.” Paid’s 10-QSB filing is available in its entirety at www.sec.gov. Patent Status Update As follow-on to the formal Notice of Allowance of Paid’s patent application from the U.S. Patent and Trademark Office (USPTO) received in March 2007, on August 20, 2007, the USPTO accepted amendments to the patent application. On August 27, 2007 they dispatched the patent application to File Data Capture, which is generally considered one of the final actions taken by the USPTO prior to patent issuance. Paid and its attorneys at Hunton & Williams, LLP, continue to work with the USPTO to move the patent application to conclusion. Pending receipt of the formal written notice of allowance of the Company's patent application, the Company will pursue a variety of possible revenue streams from its "AuctionInc" platform and patent which hosts a suite of management tools and enhanced shipping calculator solutions for ecommerce enterprises. About Paid, Inc.: Paid, Inc. operates a diversified set of businesses, including its celebrity services and AuctionInc ecommerce technology businesses. Using proprietary patent-pending technology, Paid's innovative AuctionInc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and web site development and hosting. Paid, Inc.’s celebrity services provides celebrities and organizations 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 also sponsors autograph signing events and other sports marketing services for sports clientele. The Company's common stock is traded on the OTC Bulletin Board under the symbol PAYD. For further information, visit http://www.paid.com. Forward Looking Statements: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, profitability, business development efforts, and expectations about celebrity programs and fan club activities, technologies, and services. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-QSB, with the Securities and Exchange Commission.