Virtual Piggy Signs Agreement with SpiritHoods Kids

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Virtual Piggy Signs Agreement with SpiritHoods Kids

Unique fashion company to offer safe youth payments

HERMOSA BEACH, Calif.--(BUSINESS WIRE)-- Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe youth payments, today announced that it will provide its youth-friendly payment system to the youth oriented sub-brand of SpiritHoods, SpiritHoods Kids.


Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents.

SpiritHoods offers detailed, high quality hoods inspired by the animal world. They have been profiled in Entrepreneur Magazine, Cosmopolitan, and LuckyKids, and are favorites of celebrities such as Khloe Kardashian, Vanessa Hudgens, and Bella Thorne. When you purchase a product from their ProBlue label, SpiritHoods donates 10% off net profits to a non-profit dedicated to the protection of that animal.

"SpiritHoods Kids is a brand all about personal expression and empowering kids to make a difference and help animals," said Abby Trainer, Director at SpiritHoods. "By adding Virtual Piggy as a payment option, kids can choose the SpiritHood that best expresses their personality, then check out on their own."

"Adding SpiritHoods Kids to our offerings provides us with a fashion-forward merchant that is popular with our consumers," said Virtual Piggy Founder and CEO Dr. Jo Webber. "We're excited to add them to our growing Virtual Piggy merchant base."

For information about Virtual Piggy visit www.VirtualPiggy.com.

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 18 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 18 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.

About SpiritHoods

Once upon a time, there were four friends--Chase Hamilton, Alexander Mendeluk, Marley Marotta and Ashley Haber--who all shared an adventurous lifestyle and a passion for the animal world. They wanted to find a way to share this lifestyle with the world.

Out of this desire, SpiritHoods, a company dedicated to community, self-expression and the protection of endangered animals was born.

Our story continues, and with every new tribe member comes a new adventure.

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 Relations
Sarah Hall Productions
Jenna Guarneri, 212-529-1598
Jenna@SHPNY.com
or
Investor Relations
ICM
Peter Pelullo, 610-825-8805

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Virtual Piggy Signs Agreement with SpiritHoods Kids originally appeared on Fool.com.

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