Sales OnLine Direct Changing Name to Paid, Inc., Trading Symbol to (OTCBB: PAYD) Effective December 8, 2003
2003年12月6日 - 2:28AM
PRニュース・ワイアー (英語)
Sales OnLine Direct Changing Name to Paid, Inc., Trading Symbol to
(OTCBB: PAYD) Effective December 8, 2003 -- Mandatory exchange of
stock certificates required -- Stock to be issued in name of
beneficial owner WORCESTER, Mass., Dec. 5 /PRNewswire-FirstCall/ --
Sales OnLine Direct, Inc. (BULLETIN BOARD: PAID) announced today
that it would begin trading under the new trading symbol (BULLETIN
BOARD: PAYD) and the new CUSIP number 69561N105 effective December
8, 2003, concurrent with the Company's name change to Paid, Inc.
The Company will continue to trade on the Over the Counter Bulletin
Board. As part of the trading symbol and CUSIP number change, all
stock certificates representing shares of common stock of the
Company must be exchanged for new certificates. After December 8,
2003, all issued and outstanding shares of Sales OnLine Direct's
current common stock will cease to represent an interest in the
Company and will only represent a right to be exchanged for new
shares of Paid, Inc. Stock Certificate Exchange Procedure:
Stockholders who have in their possession the paper stock
certificates should read and carefully complete the Letter of
Transmittal provided by Olde Monmouth Stock Transfer which will be
available online at http://www.paid.com/investor.shtml. Then
forward the completed Letter of Transmittal together with the stock
certificate via an insured, traceable delivery service to the
Company's exchange agent, Olde Monmouth Stock Transfer, (Olde
Monmouth Stock and Transfer, 200 Memorial Parkway, Atlantic
Highlands, NJ 07716. Note that there is no need to, and nor should
stockholders, endorse the stock certificate. Stockholders who hold
their shares in street name with a broker should confirm with their
broker that the broker is including their name on the list of
beneficial owners being submitted to the Company's exchange agent.
These stockholders will not be required to take any further action,
unless their broker tells them otherwise. About Sales OnLine Direct
and Rotman Auction Sales OnLine Direct, http://www.paid.com/, soon
to be known as Paid, Inc., maintains and develops portals and web
sites for various companies and industries. The Company has focused
its efforts on the antique and collectible industry, offering the
"Ask the Appraiser" online appraisal service, marketing and
publishing the "Maloney's Antiques and Collectibles Resource
Directory" and developing web sites that enhance the user's
experience. Through web hosting and managed services, Sales OnLine
Direct has provided e-business solutions to many different
companies including their own Rotman Auction division. This
division sells tens of thousands of items per year through auction,
direct sales, and special events and is a certified eBay Platinum
Power Seller. The Company has developed its patent pending "AI
Suite" (http://www.auctioninc.com/) of software to increase
revenues and reduce overhead for sellers on eBay, and offers these
essential e-tools to other companies. Through recent initiatives,
Sales OnLine Direct is establishing itself as one of the most
important collectibles portals, and online auction services and
technology providers to the collectibles industry. The Company's
common stock is traded on the Nasdaq OTC Bulletin Board under the
symbol "PAID" through December 5, 2003 and under the symbol "(OTC:
PAYD) (BULLETIN BOARD: PAYD) " beginning December 8, 2003. 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. 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-KSB with the Securities and Exchange Commission. DATASOURCE:
Sales OnLine Direct, Inc. CONTACT: Media Contact: Julie Shepherd of
Accentuate PR, +1-815-479-1833, ; or Investor Contact, Dennis
Evanson of Sales OnLine Direct, +1-719-534-0292, Web site:
http://www.paid.com/
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