Virtual Piggy Expands into the International Gaming Market with Award Winning Game Developer Exozet
Virtual Piggy Adds Secure Payments For Under 18's to Exozet's Game Portfolio
HERMOSA BEACH, Calif.--(BUSINESS WIRE)-- Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe-online youth purchasing, today announced a partnership with Exozet Games, one of Europe's leading independent game developers in the family and brand entertainment sector. Exozet will integrate the Virtual Piggy secure transaction system into their gaming portfolio.
Exozet Games, based in Berlin and Potsdam, specializes in the development publishing and marketing of mobile and browser games for an international audience. They have won numerous awards for their multi-platform releases of the cult board games "Carcassonne" and "Catan".
"We have been truly impressed by the feature set of the Virtual Piggy system since we first evaluated the solution earlier this year," says Matthias Hellmund, Head of Mobile Development for Exozet Games. "Germany is now the largest computer gaming market in Europe. Exozet needed a payment solution that supports our products not only on the German market but for our users around the globe irrespective of their gaming platform. Virtual Piggy is an innovative solution for that."
"We have been tremendously excited by the adoption of Virtual Piggy by merchants and game developers around the world." said Dr. Jo Webber Founder and CEO of Virtual Piggy. "When an award winning game developer such as Exozet selects Virtual Piggy, it provides tremendous validation that the service we are providing is recognized by the leaders in the industry as a solution required to move the market and their organizations forward."
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
Exozet Games is one of Europe's leading independent game development studios in the family and brand entertainment sector. Since 2004 Exozet Games has been creating games based on big name national and international brands, bringing them to all the relevant platforms. Among Exozet's best known games are titles like Catan, Carcassonne and Emily the Strange. The studio works hand in hand with leading publishers and strong partners to deliver its own as well as work-for-hire products. Its in-house distribution and marketing team provides efficient mobile distribution services to partner developers worldwide. Exozet Games is part of the Exozet Group with over 150 employees at offices in Berlin, Potsdam, Vienna and Düsseldorf.
More at: www.exozet.com
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.
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