Message #16 From:
Stock News Bot Date: October 6, 2006 07:52:00 AM
PAYD News Paid Inc Celebrity Services VP Kristen Kuliga Named to Boston Business Journal's ''40 Under 40'' Emerging Business Leaders
BOSTON--(BUSINESS WIRE)--Paid Inc. (OTCBB: PAYD) today announced that Kristen Kuliga, VP of Paid
celebrity services, has been named to The Boston Business Journal’s
prestigious “40 Under 40”
for 2006. The program recognizes emerging business leaders in Greater
Boston.
Michael Olivieri, publisher of the Boston Business Journal said, “Our
40 Under 40 class reflects the deep talent pool that gives Boston its
economic edge.”
“Kristen is an outstanding business leader who
shines as an example for integrity, motivation, creative thinking and
working smart,” said Greg Rotman, CEO of
Paid, Inc. “Kristen came on board in 2004 to
launch and build our new celebrity services business after we completely
revamped our business model. Kristen’s team
has brought in major clients and has steadily built revenues in
celebrity services and sports marketing to more than 94% of our total
revenue. Annual revenue increased 165% in 2005 and we continue to show
triple digit percentage increases in revenue in 2006, largely due to our
celebrity services business. Kristen continues to help us raise the bar
for excellence in the celebrity services industry.”
University of Massachusetts President Jack Wilson said “Kristen
is respected in the sports industry for her integrity and her ability to ‘get
the job done.’ We are proud to have her as an
alumna of the University of Massachusetts.”
“Kristen has accomplished more since
graduating from college than many aspire to achieve in a lifetime,”
said Glenn Mangurian, Executive in Residence, University of
Massachusetts. “As a pioneer in the sports
and entertainment business, her success continues to pave the way for
other young women in this male-dominated field. I join fellow alumni of
the University of Massachusetts in celebrating her accomplishments and
her recognition by the Boston Business Journal.”
Ms. Kuliga has become one of the most respected names in the sports and
entertainment marketing business in her 13-year career. Ms. Kuliga heads
Paid’s celebrity services business which
provides musical artists, professional athletes and other celebrities a
comprehensive array of business services such as fan club management,
and VIP ticket package sales, merchandising, memorabilia authentication
and Web site development and management.
She founded and continues to operate K Sports & Entertainment, a sports
marketing and event management firm that was acquired by Paid, Inc in
2004. A practicing attorney in Massachusetts, and one of only a handful
of female NFL agents, Ms. Kuliga negotiated Doug Flutie’s
San Diego Chargers $33 million contract, his contract with the New
England Patriots and his current ABC/ESPN broadcast contract. She
currently represents 10 NFL players and free agents and provides sports
marketing services to several athletes in a variety of professional
sports. Ms. Kuliga has negotiated sponsorship and endorsement contracts
with companies such as: Reebok, NIKE, MCI, Coca-Cola, Pepsi, Papa Gino’s,
ESPN, McDonald’s, Sports Illustrated and
Motorola. She also has managed events for NFL players and corporations
including: Flutie Celebrity Golf Tournament and Sister to Sister
Foundation’s Women’s
Heart Day.
Prior to opening K Sports & Entertainment, Kuliga held positions as
General Counsel and VP of Athlete Marketing at Woolf Associates, a
full-service sports management and marketing firm. She is a cum laude
graduate of both the University of Massachusetts at Amherst and Suffolk
University Law School.
Active in the community, Kuliga currently is an officer of the Doug
Flutie, Jr. Foundation and is a founding member and on the board of
directors of the Shelter Legal Services Foundation, which renders pro
bono legal services for the homeless.
There were more than 285 “40 under 40”
nominations from the business community this year, a record for the
awards program. Honorees are profiled in a special supplement to The BBJ’s
October 6 issue.
About Paid, Inc.:
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, such as news, polls, message
boards, contests, biographies and custom features 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. 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. The Company's common stock is traded on the Nasdaq 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 and
expectations about celebrity programs and fan club activities. 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.
EDITORS NOTE: A photo of Ms. Kuliga is available. Please contact Julie
Shepherd of Accentuate PR, (815) 479-1833, Julie@paid.com
