|By Business Wire||
|February 10, 2014 08:06 AM EST||
Virtual Piggy, Inc.(OTCQB:VPIG), provider of innovative safe youth payments technology, Oink, today announced that it has partnered with Skatehut.
Skatehut are the UK's largest Online Action Sports Retailer selling a broad selection of over 15,000 product lines of Skateboards, Scooters, Skates, BMX, Footwear and Clothing. The Oink payment solution will be integrated into their ecommerce framework.
"Given Skatehut's large teen audience, we are delighted to partner with Oink to empower our younger customers to be able to make their own purchasing decisions,” said Mark Johansen-Berg, Owner of Skatehut. “We've rigorously checked the system to ensure that it meets our own high standards and we are confident that this will be a hugely popular service to both our young shoppers and their parents."
“We are thrilled to expand our UK offerings by partnering with the UK’s leading online skateshop retailer, Skatehut,” said Joe Peden, General Manager EMEA at Oink. “Selling thousands of products from so many of our consumers' favourite brands they are a great partner as we continue our international growth.”
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, the first e-commerce solution that enables kids to manage and spend money within parental controls. It enables parents to teach financial management through the use of a secure family wallet that is available online or via mobile. 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
SkateHut was established in 2007, as a family run business specialising in the popular brand, Heelys. The business expanded quickly, taking on a range of brands and products, including Santa Cruz skateboards, Renner Skateboards, MGP scooters, District Scooters, Razor scooters, Verde BMX bikes, Rio Roller Skates, Vans shoes, adult and kids clothing, and more. SkateHut are continually adding to their range of skateboards and scooters and have recently added Levi's Skate and Dickies to their selection.
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.
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