HERMOSA BEACH, Calif.--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe-online youth purchasing, today announced that they have completed the integration of Virtual Piggy into the osCommerce platform.
“We have developed an open source plugin to osCommerce,” explained Pradeep Ittycheria, CTO of Virtual Piggy. “One of our merchants, Playdin, is currently live with this solution and this development makes the Virtual Piggy solution immediately available to the approximately 70,000 merchants who currently use osCommerce.”
“The osCommerce initiative follows Virtual Piggy’s earlier integration into eBay’s popular Magento platform and continues our strategy to make Virtual Piggy widely accessible to all merchants on a global basis,” said Dr. Jo Webber, CEO of Virtual Piggy. “The thousands of merchants who currently use osCommerce can now open their doors to the millennials and generation Z shoppers in a safe, parent-approved manner.” osCommerce is an open source ecommerce solution that has an active community of over 250,000 users and incorporates many key global payment partners including; PayPal, AmazonPayments, SagePay and Moneybookers. More information about osCommerce can be found at http://www.oscommerce.com.
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first ecommerce solution that enables kids to manage and spend money within a parent-controlled environment. The technology company delivers online security platforms designed for the Under 21 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Virtual Piggy enables the Under 21 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com.
Safe Harbor Statement
All statements in this news release other than statements of historical facts are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause our actual results, events or financial position to differ materially and adversely from those expressed in such forward-looking statements. Such factors include, but are not limited to, our ability to raise additional capital, the absence of any operating history or revenue, our ability to attract and retain qualified personnel, our dependence on third party developers who we can not control, our ability to develop and introduce a new service to the market, market acceptance of our services, legislative, regulatory and competitive developments addressing licensing and enforcement of patents and/or intellectual property, general economic conditions, as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2011 filed with the Securities and Exchange Commission, and other filings with the Securities and Exchange commission and other public documents and press releases.