Sales OnLine Direct, Inc. will change its name to Paid, Inc. effective December 8, 2003. As part of the name change, all stock certificates representing shares of common stock of the Company must be exchanged for new certificates. The Company's stock will be given a new CUSIP number though the CUSIP Service Bureau, and a new trading symbol will be assigned. The exchange of certificates will be mandatory for all holders.
"We intend to use the new name to better brand our Company and services, including the Company's online auction and e-commerce management tools," stated Richard Rotman, Sales OnLine Direct CFO.
Sales OnLine Direct maintains Web sites with a focus 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. It also markets its "AI Suite" auction management software for eBay sellers.
