Virtual Piggy Expands Gaming Industry Presence
Virtual Piggy Expands Gaming Industry Presence
Marvelous USA to accept safe youth payments
Marvelous USA, Inc. is the US-based publishing operation of MarvelousAQL Inc. (7844:JP). Its two divisions, XSEED Games and Marvelous Online, release games that are available on the Xbox 360® games and entertainment system from Microsoft, PlayStation®3computer entertainment system, PlayStation®Vita, Nintendo 3DS™ hand-held system, Wii™ and mobile platforms among others. Marvelous USA's titles include Ninja Warrior, Cross Horizon, Shin Megami Tensei Imagine and Pandora Saga.
Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. The technology serves as a family wallet that is available online or via mobile, and is always 100% free to use.
"This partnership with Virtual Piggy will allow us to directly access the youth market in a safe manner," said Shinichi Suzuki, President & CEO at Marvelous USA, Inc. "This opens up many opportunities, ranging from console and PC game purchases to in-app mobile and social micro-transactions. Best of all, Virtual Piggy will keep our purchases COPPA compliant."
"Our payment solution is especially helpful for video game companies who encounter the issue of younger customers who want to make purchases or micro-transactions," said Dr. Jo Webber, Founder and CEO at Virtual Piggy. "We're very excited to provide this option to Marvelous USA, and their wide range of games across many different platforms."
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 parental controls. It enables parents to teach financial management through the use of a secure family wallet that is available online or via mobile and is always 100% free to use. 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. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com
About Marvelous USA, Inc.
Marvelous USA Inc. is the US-based publishing operation of MarvelousAQL Inc., overseeing its two North American divisions. XSEED Games, its brand and division for unique and innovative console, PC, and handheld games, has been in operation since 2004. Marvelous Online, the company's brand dedicated to mobile and social games, is an expansion of XSEED's mobile team thanks to acquisitions by Marvelous USA. Marvelous USA is a 100% wholly-owned subsidiary of Tokyo-based MarvelousAQL Inc., a publicly-traded company listed on the Tokyo Stock Exchange. More information on Marvelous USA can be found at www.marvelous-usa.com, and XSEED Games can be found at www.xseedgames.com.
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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.
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Jenna Guarneri, 212-529-1598
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KEYWORDS: United Kingdom United States Europe North America California Ireland
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