HERMOSA BEACH, Calif.--(Virtual Piggy, Inc. (OTCBB: VPIG) announced today that it has signed an agreement with Boombotix, integrating its safe online payments for youth technology onto their website.)--
“Virtual Piggy customers can now buy urban design-inspired ultra-portable speakers through Boombotix”
Boombotix offers “Boombots,” innovative speakers that are compatible with the iPod, iPhone, Android, MP3 players, laptops, & all other portable audio devices. With a focus on great sound, ultraportability, and design, the product is extremely portable yet powerful. All Boombots are inspired by Japanese urban design, giving them a unique and stylish look.
“The youth market is key for our business, and it’s always been a challenge to accept payments from them online,” said Ben Radler, CTO at Boombotix. “Virtual Piggy will give us the ability to directly transact with these customers, making the process easier for them and their families, and for our business.
“Virtual Piggy customers can now buy urban design-inspired ultra-portable speakers through Boombotix,” said Founder and CEO Dr. Jo Webber. “Their portable speakers are exactly the kind of product teens and tweens love, and with our technology, they can now safely purchase them on their own.”
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first e-commerce solution that enables youth 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
About Boombotix, Inc.
Boombotix, Inc. produces portable speakers with multi-device compatibility, and designs inspired by urban Japanese style. The product’s portable nature makes it a favorite among action sports athletes, and Boombotix supports its own team of skateboarders, snowboarders, BMX riders and surfers. The company is based in San Francisco, CA and on the Web at: http://boombotix.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.