|By Business Wire||
|August 26, 2014 08:05 AM EDT||
Virtual Piggy, Inc. (OTCQB:VPIG), provider of Oink, the payment technology for families and teens, today announced that their patent describing the process by which they can provide parent-permission controlled website access, app access, and purchases by users under 13 years of age has been issued. US Patent number 8,812,395 was issued by the USPTO on August 19th 2014. It is the third patent issued to Oink for their award-winning youth and family payments platform.
“We are beyond thrilled to have our secret sauce patent issued,” said Dr. Jo Webber CEO and Founder of Oink. “It describes how we provide a secure, controlled and COPPA-compliant environment for teens and tweens to transact online and on mobile devices.”
Oink is an award-winning teen and family payment platform, designed to allow retailers and game publishers to reach young consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. The Oink technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – all within parental controls.
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 Forms 10-K filed with the SEC, and other filings with the SEC.
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