From the Wires
Out of This World Products Now Available Through Virtual Piggy
By: Business Wire
Nov. 21, 2012 08:02 AM
Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe-online youth purchasing, today announced that the Virtual Piggy service will be integrated into Croakies ecommerce operations.
Croakies products are sold by retailers throughout the United States and in over 30 countries around the world. They've even been used out of this world – Croakies became standard issue on the Space Shuttle in 1990.
"Croakies® is very pleased to be associated with Virtual Piggy. Croakies for kids has always been a part of our product focus and we love the idea of empowering kids to spend safely online while still allowing their parents to be in control,” said John Scott, Executive Vice-President, Croakies. “Kids have been using Croakies products for a very long time and now they have the opportunity to purchase them on their own, on-line, just like everybody else."
Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering U21s to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by their parents.
“We are excited to add an American original to our growing list of companies who recognize the value in providing a safe online shopping experience to the youth market, " said Dr. Jo Webber, CEO and Founder of Virtual Piggy Inc. “We also think its pretty cool that their products have been tested at Zero G.”
In 1977 a local ski patrolman from Jackson Hole Mountain Resort in Wyoming, came up with an idea for an eyewear retainer that would grip his shades through all kinds of alpine adventures. Using an old wetsuit, some sharp scissors, and good old American ingenuity, he made the first pair of eyewear retainers. The ingenious device was based on the design of a Chinese finger trap and it quickly became a hit with all of the patrollers!
Croakies headquarters are still in Jackson Hole, Wyoming with our production in Bozeman, Montana. Our inspiration remains the same - to create eyewear retainers and accessories that provide comfort, style, durability, and functionality to active people of all ages. With the addition of men's and women's belts into Croakies accessory line-up, Croakies now offers something for everyone.
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first e-commerce 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.
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