|By Business Wire||
|August 7, 2014 06:28 PM EDT||
Virtual Piggy, Inc. (OTCQB: VPIG), provider of Oink, the award-winning payment technology for teens and tweens, today provided comments from its CEO, Jo Webber, regarding its recent business progress.
Dr. Webber commented, “In early 2014, our Oink service reached the 1 million-system user mark. Our plans for this year are to increase the size of this base both in the US and internationally across Europe, and to increase engagement levels with the Oink service. Our second quarter saw a doubling in the revenue over our first quarter and our highest quarterly transactional volume, although our revenues are currently not significant. We are anticipating significant new partnerships, product launches and marketing campaigns to occur throughout August, September and October that will drive both user adoption and transactional volume and revenue. This includes a September launch of the Oink card, our prepaid card product with Discover. The Oink card will be part of the Oink wallet and will offer the expanded capability for Oink users to shop in over 25 million locations worldwide.”
Dr. Webber continued, “As the payments industry grows and increasingly moves to accommodate the mobile platform, there is an intrinsic link within payments where it is critically important to know the identity of the person making the transaction. When this link is not provided, fraud is prevalent whether in the form of money laundering or friendly fraud - where someone other than the account holder is making a transaction and the identity of the purchaser is not known. Over $11 billion a year is lost to friendly fraud.
“We believe Oink is the only payment solution that functions as a digital wallet allowing payments to be made by all family members. The security, consent and payer identity functionality within the Oink service make it uniquely positioned to deliver safe and efficient family purchasing capability.”
For information about Oink visit www.oink.com
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 is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.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 Form 10-K for the year ended December 31, 2013 filed with the SEC, and other subsequent filings with the SEC.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Oct. 22, 2016 04:00 PM EDT Reads: 3,827
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Oct. 22, 2016 04:00 PM EDT Reads: 3,639
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Oct. 22, 2016 04:00 PM EDT Reads: 3,561
Oct. 22, 2016 03:45 PM EDT Reads: 1,425
Oct. 22, 2016 03:45 PM EDT Reads: 583
Oct. 22, 2016 03:30 PM EDT Reads: 2,239
Oct. 22, 2016 03:00 PM EDT Reads: 3,869
Oct. 22, 2016 02:45 PM EDT Reads: 1,487
Oct. 22, 2016 02:45 PM EDT Reads: 1,539
Oct. 22, 2016 02:30 PM EDT Reads: 5,208
Oct. 22, 2016 02:15 PM EDT Reads: 1,493
Oct. 22, 2016 01:45 PM EDT Reads: 3,735
Oct. 22, 2016 01:45 PM EDT Reads: 11,256
Oct. 22, 2016 01:15 PM EDT Reads: 1,342
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 22, 2016 12:45 PM EDT Reads: 2,318