|[November 09, 2012]
Virtual Piggy Signs Agreement with Nirve
HERMOSA BEACH, Calif. --(Business Wire)--
Piggy, Inc. (OTCBB: VPIG) announced today that it has signed an
agreement with Nirve Sports to feature its safe youth payments
technology on their online store.
Nirve Sports is a maker of stylish high quality bicycles. They sell
beach cruisers for men, women and children, as well as bikes
specifically designed for city riding. Among other designs, they offer
the iconic cruiser and chopper styles. They've also partnered with
brands and artists on designs, including Paul Frank, Hello Kitty,
Coca-Cola, Robert August, and Corey Miller.
"As our ecommerce continued to grow, we really wanted a better solution
for tapping into the youth market online," said Danilo Bon,
President/CEO at Nirve Sports. "With Virtual Piggy, we're able to accept
safe payments from younger customers, with the peace of mind knowing
they've been pre-approved by parents."
"Bikes are always a popular item with the youth market, and partnering
with Nirve gives us a merchant in this space that sells quality ones
that are also gorgeous," said Virtual Piggy Founder and CEO Dr. Jo
Webber. "This is a great addition to our family of merchants, and their
products are sure to be popular as savings goals and Wishlist items for
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first e-commerce solution that enables kids
to manage and spend money within a parent-controlled environment. 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. Virtual Piggy enables the Under
21 audience to play, transact and socialize in a secure online
environment guided by parental permission, oversight and control. The
company is based in Hermosa Beach, CA (News - Alert) and on the Web at: www.virtualpiggy.com.
Nirve, pronounced as /n?rv/ or [nurv], is a leading maker of high
quality cruiser bicycles. Based in Huntington Beach, California, Nirve
has been making fashion bicycles since 1999. In addition to our own
extensive line of bicycles, we have partnered with leading lifestyle
brands and artists such as Paul Frank, Hello Kitty, Coca-Cola, Robert
August, Corey Miller, as well as others, to bring a unique blend of fun
and fashion to the sport of cycling.
Safe Harbor Statement
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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. Although we believe that the expectations
reflected in our forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to be correct. Such
statements are not guarantees of future performance or events and are
subject to known and unknown risks and uncertainties that could cause
our actual results, events or financial position to differ materially
and adversely from those expressed in such forward-looking statements.
Such factors include, but are not limited to, our ability to raise
additional capital, the absence of any operating history or revenue, our
ability to attract and retain qualified personnel, our dependence on
third party developers who we can not control, our ability to develop
and introduce a new service to the market, market acceptance of our
services, legislative, regulatory and competitive developments
addressing licensing and enforcement of patents and/or intellectual
property, general economic conditions, as well as other factors set
forth under the caption "Risk Factors" in our Annual Report on Form 10-K
for the year ended December 31, 2011 filed with the Securities and
Exchange Commission, and other filings with the Securities and Exchange
commission and other public documents and press releases.
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