LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB:VPIG), creator of Oink, the innovative payment technology for the youth market, today announced that renowned record producer and music executive Rodney Jerkins will be joining the team as an Advisory Board Member and strategic consultant to direct the company’s growth in the online technology and streaming music marketplace.
Mr. Jerkins, Chairman of Evolve Music Group, is a multi-Grammy award-winning record producer, songwriter and musician whose accolades include recent nominations for Record, Song, and Album of the year for the upcoming 2015 Grammy awards for his work with Sam Smith. Highly-respected by his peers, Mr. Jerkins has produced hits for Michael Jackson, Beyoncé, Justin Bieber, Lady Gaga, Rihanna, Ariana Grande, Mariah Carey, Whitney Houston, Jennifer Lopez and many more. Mr. Jerkins has over 200 million record sales worldwide and has worked with major record labels around the globe.
Oink has gained traction in the digital goods market by providing secure online transactions for the youth market and has been accepted and integrated into many leading gaming and social gaming outlets, including Facebook.
“The music industry is going through a dramatic change as streaming services and alternative options for listening, sharing, curating and purchasing music become available,” said Mr. Jerkins. “One thing that will not change is the inherent connection between music and youth. Oink provides a revolutionary and timely solution to help connect the music industry with the youth market and I am very excited to join and evolve with the Oink team.”
Oink promotes financial management while empowering millennials and generation Z to make purchasing, saving and other money management decisions for themselves, within set boundaries. The award-winning technology serves as a digital wallet and prepaid card that allows safe, secure transactions.
“We’re thrilled to have Rodney Jerkins join our Board of Advisors,” said Dr. Jo Webber, CEO and Founder of Oink. “Nearly everyone has listened to songs produced by Mr. Jerkins. His expertise and firsthand knowledge of the global music industry will provide the strategic guidance Oink needs to navigate this $15 billion annual market.”
About Virtual Piggy, Inc.
Virtual Piggy 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, based in Hermosa Beach, CA, is on the Web at: www.virtualpiggy.com and holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.
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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.
