Premiere Virtual World for Tweens to Accept Parent-Approved Transactions
June 10 2014 - 8:00AM
Business Wire
Oink Payment Technology Now Accepted as Payment
Method at Woozworld
Virtual Piggy, Inc. (OTCQB:VPIG), provider of innovative
safe payment technology, Oink, and Woozworld today announced that
they have partnered to bring safe, secure payments to the popular
virtual world and social network for tweens.
Woozworld is one of the premiere virtual social networks for
tweens with over 25 million registered users. In the massive
multiplayer virtual world, users -called “Woozens” gather to play
and socialize with their friends. Woozworld is a COPPA-compliant
site that adheres to laws on the protection of children's privacy
on the Internet. The avatar-based virtual world and social network
attracts millions of active tween users per month, who spend an
average of over 1,600 minutes per month playing and socializing on
this secure site.
Oink is the only payment technology designed to allow retailers
and game publishers to reach under 21 consumers in a safe, legal,
and effective manner compliant with the FTC and other international
regulations. This innovative technology serves as a digital family
wallet that is available online or via mobile and allows safe,
secure transactions – all within parental controls.
“We’re thrilled to add the Oink technology to our popular
virtual world and social network for tweens,” said Simonetta Lulli,
President & CEO of Woozworld. “We feel that it is a great step
for our audience to start learning how to manage their own money
and virtual wallet. This payment technology is specifically unique
and important to us for the COPPA-compliant payment mechanism it
provides while also helping to increase conversion rates and user
engagement.”
“Woozworld is dedicated to creating a safe gaming environment
that tweens can enjoy and parents can trust,” said Dr. Jo Webber,
CEO and Founder at Oink. “We’re excited to integrate our secure,
COPPA-compliant payment technology into their site to meet the
needs of their growing virtual world.”
For information about Oink, visit www.oink.com.
For information about Woozworld, visit www.woozworld.com.
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, the first e-commerce
solution that empowers Under 21’s to manage and spend money within
parental controls. The service also allows 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
About Woozworld
Since 2010, Montreal-based Woozworld (www.woozworld.com) has
become one of the premiere virtual worlds and social networks for
tweens. The company has continued to dedicate itself to creating a
safe gaming environment that tweens can enjoy and parents can
trust. Targeted for children ages 8 to 14, Woozworld provides an
engaging and interactive virtual social network experience by
allowing members to create their own world where they can fashion
their own characters, make new Woozworld friends, and conduct
virtual businesses. All personal information is protected, and
Woozworld strictly conforms to the Children’s Online Privacy
Protection Act and is PRIVO Privacy Certified. Woozworld is backed
by Telesystem (www.telesystem.ca) and iNovia Capital
(http://inovia.vc). Woozworld has just launched as an app and can
be found in the App Store at
https://itunes.apple.com/app/woozworld-explore-your-avatar/id669521511.
More information can be found at
www.woozworld.com, http://corporate.woozworld.com or
follow the company on Twitter
at www.twitter.com/woozworldcorp.
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.
Virtual Piggy:US:Public RelationsSarah Hall
ProductionsJenna Guarneri, 212-529-1598Jenna@SHPNY.comorInvestor
RelationsInvestor AwarenessTony Schor, 847-945-2222 ext.
221tony@investorawareness.comorWoozworld:Lauren
Tascan, 515-867-5050Director of
Communicationspress@woozworld.com
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