OinkSM Secret Sauce Patent Issued
August 26 2014 - 8:00AM
Business Wire
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.
Public RelationsThe Network PRMichelle
Schrodermichelle@thenetworkpr.comorInvestor
RelationsInvestor AwarenessTony Schor, 847-945-2222 ext.
221tony@investorawareness.com
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