|By Business Wire||
|October 9, 2012 08:07 AM EDT|
Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe online youth payments, announced today that it has signed an agreement with Triko, to integrate its technology onto their website. Triko stands out as an apparel brand that gives back with various charity initiatives, for example, 3% of all sales are donated to various child-focused charities.
“Because child charities are such a major focus for our brand, Virtual Piggy was a natural fit,” said Hector Estrada, President at Triko. “Empowering younger customers to safely make purchases on our website means more opportunities to bring in donations for organizations like Coalition to Stop the Use of Child Soldiers and The Children’s Aid Society. Plus, they can pick up some great clothing!”
“We are really excited to bring safe payments to Triko,” said Virtual Piggy Founder and CEO Dr. Jo Webber. “They offer top quality apparel with a socially conscious brand, which makes them a perfect fit for Virtual Piggy and our young customers.”
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 and on the Web at: www.virtualpiggy.com
Triko offers high quality apparel and accessories with a socially conscious attitude. The company does not utilize sweatshops in its manufacturing, purchases renewable energy credits, and donates 3% of all sales to child based charities. Customers can also send back their used Triko clothing for donations to those in need, receiving a 10% discount in return.
Safe Harbor Statement
All statements in this news release 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. 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.