|[April 24, 2012]
Leading Targeted Social Network Provider YuuZoo Signs with Virtual Piggy to Provide Secure Online Payments for Under 18 Users
PHILADELPHIA --(Business Wire)--
Piggy, Inc. (OTCBB: VPIG) today announced that it has signed an
agreement with YuuZoo,
an internationally recognized provider of targeted social networks.
After an extensive evaluation process, YuuZoo selected Virtual Piggy'sTM
innovative youth e-commerce solution to ensure that its targeted social
networks for kids, tweens and teens would have a secure environment in
which to conduct financial transactions.
"Virtual Piggy is the only financial solution we found that provides
COPPA compliance," said YuuZoo CEO Ron Creevey. "While COPPA is a US
regulation, we believe that families around the world would appreciate
knowing that their children are spending money through a secure nd
parent controlled mechanism. Virtual Piggy perfectly complements our
products and business principles."
"Kids are naturally very social and want to interact with their friends
when they go online," said Dr. Jo Webber, Founder and CEO of Virtual
Piggy. "We're delighted to expand our online reach to YuuZoo's
impressive range of global targeted social networks."
Virtual Piggy's online payment solution is parent approved and managed.
When making purchases through Virtual Piggy, children do not share any
personal information making it completely COPPA compliant and TRUSTe
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 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. Virtual Piggy enables the Under
18 audience to play, transact and socialize in a secure online
environment guided by parental permission, oversight and control. The
company is based in Philadelphia, PA and on the Web at: www.virtualpiggy.com
YuuZoo was formed in 2007 to provide mobile content and services to end
users and specializes in the design and implementation of targeted
social networks. YuuZoo's social platforms creates an opportunity for a
brand to rebuild and regain ownership of its fan and supporter base and
the avidity of that supporter base by engaging with consumers in a
deeper and more meaningful way. More at www.yuuzoo.com
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