Boston
- Paid Inc., a provider of websites and fan club services for celebrities and
organizations, announced on Tuesday that it has signed a new $2.5 million
revolving credit line with Lewis Asset Management.
Paid Inc. said its celebrity
services business will use the credit facility to make advance payments to
musical artists and celebrities in order to secure contracts for VIP ticketing,
retail licensing, tour and general merchandising, and other services by the
company.
The $2.5 million revolving line of credit is not convertible into
Paid, Inc. equity, the company said.
Related Links:
http://www.paid.com
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