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Boston, Massachusetts - (Cheap Web Hosting Directory) - August 23, 2007 - Celebrity web hosting and services provider, Paid, Inc., has released its second quarter 2007 financial report, including revenue of $843,900, an increase of $239,600 (40%) over revenue of $604,400 for the three months ending June 30, 2006.

The company reported that the increase was due primarily to revenue from tours of performing artists. Greg Rotman, CEO of Paid, Inc. remarked, ”In the second quarter of 2006, we posted a record 215% increase in revenue from fan experiences and related sales to fans and we’ve now posted double digit growth on top of that in the second quarter of 2007 while substantially reducing operating expenses. We’ve made progress in our stated goal of operational profitability in the second quarter of 2007. We’ve been expanding our business development efforts and our sales pipeline has increased as a result. With existing and recently signed clients, we believe we’ll be able to accelerate our revenue growth in the remainder of 2007. As new business in our sales pipeline comes to fruition over coming months, we anticipate even greater strides in revenue growth in 2008 and beyond, and movement toward future profitability.”

For the second quarter of 2007, $810,100 (96%) of gross revenue came from fan experiences, fan club memberships and related merchandise sales, an increase of $379,000 over Q2 2007 due to the Company’s artist clients being on tour for a larger portion of the quarter. The increase in revenue was offset by lower revenues related to sports marketing services of $42,700 and lower sales of Company owned product of approximately $102,800 compared to the same period in 2006.

Total operating expenses for the second quarter of 2007 were $746,200 compared to $953,100 in 2006, a decrease of $206,900 (21%) primarily due to decreases in consulting fees of $152,200, and payroll and related costs of $85,800 and web site costs of $23,200, offset by increases in rents and travel totaling $54,100.

Paid realized a net loss for the second quarter of 2007 of $417,200, a decrease of 24% compared to a net loss of $550,700 for the comparable quarter of 2007. The 2007 and 2006 second quarter losses each represent less than $.01 per share. In the second quarter of 2006, Paid retired its long-term debt and continues to be long-term debt free.

Revenue for the first half of 2007 was $1,312,400, a decrease of approximately $2,098,800 from the first half of 2006 revenue of $3,411,200. There was a $1,908,500 decrease related to the tours of performing artists, lower revenues related to sports marketing services of $96,100 and lower sales of Company owned product of approximately $119,900 from the same period in 2006. Fewer of the Company’s artists were on tour during the first half of 2007 and those that were on tour began their tours during the second quarter.

Total operating expenses for the first half of 2007 were $1,944,600 compared to $2,033,700 in 2006, a decrease of $89,100. The Company realized a net loss for the first six months in 2007 of $1,334,400 compared to a net loss of $802,700 for the comparable period in 2006.

Paid, Inc.’s celebrity services provides famous people with official web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages, and web site content. The Company also sponsors autograph signing events and other sports marketing services for sports clientele. Using proprietary patent-pending technology, Paid’s patent-pending AuctionInc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and web site development and hosting.

To learn more about Paid’s 10-QSB filing, please visit: www.sec.gov.

For more information about Paid web hosting services, please visit: www.paid.com.

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