PAID, Inc. and emergeIT Inc. Announce Merger
January 5, 2017
PAID, Inc. and emergeIT today announce their definitive merger agreement effectuated on December 30th 2016. The two companies have combined their strengths and will now be known as ShipTime. The PAID name will become a powerful brand by expanding their suite of services to a unified platform which includes digital payments and eCommerce shopping carts.
The ShipTime approach to the eCommerce shipping industry is relatively unique, and as a result, PAID ‘s clients will benefit from the strong relationships ShipTime has with carriers globally. Our product offering will grow as we develop our technology and increase our ability to provide enhanced features, full service shopping carts and advanced shipping solutions.
Allan Pratt, CEO continues his leadership with ShipTime and brings a team motivated for success. The Heroic Support ™ team services 35,000 signed members while providing a tailored approach to the industry which will strengthen the combined companies. Mr. Pratt also adds long standing relationships with Canadian, and other global carriers that will be a strong asset to the new ShipTime.
Austin Lewis IV, President and CFO of PAID will remain on the Board of Directors and will continue his leadership as Chief Financial Officer. Lewis stated “This opportunity for PAID clients and shareholders will help elevate our products and increase shareholder value. I look forward to learn more and to start working with Allan and his talented team of eCommerce and shipping industry professionals. Through this combination we will take PAID and ShipTime to the next level.”
“The merger of our two firms has our new collective team excited about the strategic initiatives underway and the growth opportunities we have together.” stated Allan Pratt “Austin and the newly configured Board of Directors bring a great deal of leadership experience, financial expertise and strong strategic skill sets to our organization along with a very enthusiastic and dynamic team. We are already working as a unified entity and I couldn’t be more pleased with the chemistry and actions already being taken for 2017 and beyond.”