LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB:VPIG), provider of innovative safe youth payments technology, Oink, today announced that over 1 million users have signed up for their family wallet solution to shop safely, and securely online.
Oink is the only online payment technology that allows teens and tweens to shop in a manner compliant with the FTC and other international regulations.
The majority of Oink consumers are teenagers, with over 80% in the United States. Oink currently offers several online shopping and gaming destinations, and will be adding additional leading brands and secure in-store purchasing in the near future.
“Clearly we are thrilled,” said Dr. Jo Webber, CEO and Founder of Oink, “and we are ready to welcome the next million consumers.”
For information about Oink visit http://www.Oink.com
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the provider, of Oink, the first e-commerce solution that enables kids and teens to manage and spend money within parental controls. It enables parents to teach financial management through the use of a secure family wallet. 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. The company is based in Hermosa Beach, CA and on the Web at: www.oink.com
Safe Harbor Statement
All statements herein 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. Such statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. Such factors include, but are not limited to, our ability to raise additional capital, our limited operating history and revenue, our ability to attract and retain qualified personnel, our dependence on third party developers, our ability to develop new services, market acceptance of our services, legislative, regulatory and competitive developments, enforcement of our intellectual property, general economic conditions, as well as other factors set forth under the caption "Risk Factors" in our Forms 10-K filed with the SEC, and other filings with the SEC.