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PAID Inc. Update on Intellectual Property and Proposed Spinoff

WESTBOROUGH, MA–(Marketwire – Jul 16, 2012) – PAID Inc. has been making progress expanding and monetizing its intellectual property relating to online shipping calculations systems and methods. PAID's strategic plan to monetize its IP includes the following phases:

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IDT plans spinoff, declares initial dividend

IDT Corp., aiming to lift its stock price, declares an initial dividend, will simplify its capital structure and plans to spin off its Genie Energy division. (15 mins ago)

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