LOS ANGELES--(BUSINESS WIRE)--Please replace the release dated May 12, 2014 with the following corrected version due to revisions in the third paragraph:
The corrected release reads:
OINK ANNOUNCES CHANNEL PARTNER PROGRAM EXPANSION
Innovative payment solution partners with award-winning e-commerce solutions provider
Virtual Piggy, Inc. (OTCQB:VPIG), provider of Oink, the award-winning payment technology for families and teens, today announced that it has partnered with commerce solutions provider Gorilla Group.
Oink is the only payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. This innovative technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – all within parental controls.
Gorilla, an eBay Magento Partner of the Year, is an award-winning commerce service provider that assists a variety of clients such as Franklin, Bonobos, Zynga (retail), and Movado. As an e-commerce solutions provider, Gorilla is aligned to help leading B2B and direct-to-consumer brands succeed online. Gorilla has also been named a two-time Partner Excellence recipient, and is the recipient of three Webby awards.
"Oink has taken the desire that parents have to give their kids the freedom to spend their allowance as they choose, yet still allow them to oversee what their kids are buying. It's pure genius. Oink found a niche in the overcrowded payments space and they are serving it extremely well," said Caleb Bryant, Head of eCommerce at Gorilla.
“As a results-orientated industry leader, Gorilla is an excellent addition to our Channel Partner Program. With their in-depth knowledge of the Magento platform and broad client base, we look forward to working together to further expand the footprint of Oink payments to e-commerce sites nationwide,” said Dr. Jo Webber, CEO & Founder of Oink.
For information about Oink visit www.oink.com
Read about Oink on the Gorilla blog at: www.gorillagroup.com/trending/ideas/oink-21st-century-online-piggy-bank
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, the first e-commerce solution that empowers Under 21’s to manage and spend money within parental controls. The service also allows 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.virtualpiggy.com
About Gorilla Group
Combining award-winning website design, development, strategy, post-launch managed services and hosting, Gorilla delivers innovative e-commerce solutions to B2B and direct-to-consumer brands across industries. Headquartered in Chicago, Gorilla has unmatched expertise creating unique, functional shopping experiences that connect brands with their customers, producing better ROI through the digital channel.
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.