Virtual Piggy (OTCBB: VPIG) Highlighted as a Key Technology Play for 2012 Holiday Shopping Season
HERMOSA BEACH, Calif.--(BUSINESS WIRE)-- Virtual Piggy's safe e-commerce solution for youth was highlighted as a key technology play for the 2012 Holiday Shopping Season by EntryPoint Advisors.
They point to positive trends in e-commerce that provide support for continued growth in this $37B sector in 2011:
Growth of social networking platforms such as Facebook and Pinterest
Ease of using mobile gadgets for making online purchases
Aggressive discounting from deal sites
Popularity of online loyalty programs that reduce shipping costs
Better tools to capitalize a user's online behavior
As a result, Virtual Piggy's secure online payment system for youth that enables merchants to safely cater to the under 18 market is well-positioned to take advantage of the lucrative 2012 holiday shopping season.
The full report can be found here: http://virtualpiggy.com/investor.html
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
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.
Sarah Hall Productions
Jenna Guarneri, 212-529-1598
Peter Pelullo, 610-825-8805
KEYWORDS: United States North America California
The article Virtual Piggy (OTCBB: VPIG) Highlighted as a Key Technology Play for 2012 Holiday Shopping Season originally appeared on Fool.com.
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