Virtual Piggy Partners with Smart/Tangoes USA
Innovative Youth Payments Technology to Be Integrated into Educational Games and Toys Company
HERMOSA BEACH, Calif.--(BUSINESS WIRE)-- Virtual Piggy, Inc. (OTCBB: VPIG) announced today that it has signed an agreement to integrate its safe youth payment option into Smart/Tangoes USA's online store. The company produces SmartGames, a line of games for all ages that requires logical reasoning, spatial perception, strategic planning, and mental agility. They also produce Tangoes®, a learning tool that combines artistic and mathematical elements to enhance visual perception ability, develop problem solving skills, creative thinking capacity, and teamwork. Smart/Tangoes has sales in over 80 countries worldwide
"Our products are popular with all ages, but the youth market is especially strong for us," saidMatt Legarza, President of Smart/Tangoes USA. "Offering Virtual Piggy as a payment option aligns our company with teaching financial responsibility, and increases our ability to receive payments from our young customers with less friction."
"Smart/Tangoes USA offers great products that are educational and increase your brain power, but are fun at the same time," said Dr. Jo Webber, Founder and CEO of Virtual Piggy. "They'll be a great addition to the Virtual Piggy family of merchants, and popular with our young customers across the age spectrum."
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
About Smart/Tangoes USA
Rex Games, creators of world-famous Tangoes®, and award-winning European game manufacturer Smart are proud to announce an exciting new joint venture under the name Smart/Tangoes USA. Our goal is nothing less than to offer U.S. specialty retailers the best products, service and support available in the category of quality, FUN single-player games.
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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KEYWORDS: United States North America California
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