Biodroid - Leading Portuguese Game Developer Selects Virtual Piggy for Secure Payments
Virtual Piggy Expands Into the Portuguese Games Market
HERMOSA BEACH, Calif.--(BUSINESS WIRE)-- Virtual Piggy, Inc. (OTC:VPIG) today announced that it has signed an agreement to provide its child safe transaction solution to Biodroid, one of Portugal's leading game developers.
Biodroid Entertainment based in Lisbon, Portugal, develops innovative video games on console and mobile devices with a global reach. Their Billabong Surf Trip game for the iPhone, iPod touch and iPad was nominated for IMGA's Best Sports Game.
"Biodroid Entertainment have for some time been investigating how best to safely monetize our global user base. We required a solution which would support multiple gaming platforms, languages and payment gateways. After an extensive search, Virtual Piggy was the only solution we could see in the market that addressed all our requirements," said Ricardo Flores Santos of Biodroid. "The simple action of integrating the Virtual Piggy solution negated many of the challenges of transacting with young consumers, such as COPPA compliance. Companies have steered clear of this age group simply because they have not integrated a solution such as Virtual Piggy."
"The international market is a key growth area for Virtual Piggy, as the demand for Virtual Piggy is global," said Dr. Jo Webber, Founder and CEO of Virtual Piggy. "We are excited to partner with Biodroid as our first game developer in Portugal to join our community."
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
Biodroid Entertainment is a media entertainment company founded in 2007 focused on managing producing and distributing IP based on products. Located in Lisbon, Portugal, Biodroid Entertainment brings together a group of professionals with a wide range of backgrounds including telecommunications television animation and game development.
More at: www.biodroid-entertainment.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.
Virtual Piggy, Inc.
Sarah Hall Productions
Jenna Guarneri, 212-529-1598
Peter Pelullo, 610-825-8805
KEYWORDS: United States Europe North America California Portugal
The article Biodroid - Leading Portuguese Game Developer Selects Virtual Piggy for Secure Payments originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.