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Virtual Piggy Signs Agreement with NirveHERMOSA BEACH, Calif. --(Business Wire)-- Virtual Piggy, Inc. (OTCBB: VPIG) announced today that it has signed an agreement with Nirve Sports to feature its safe youth payments technology on their online store. Nirve Sports is a maker of stylish high quality bicycles. They sell beach cruisers for men, women and children, as well as bikes specifically designed for city riding. Among other designs, they offer the iconic cruiser and chopper styles. They've also partnered with brands and artists on designs, including Paul Frank, Hello Kitty, Coca-Cola, Robert August, and Corey Miller. "As our ecommerce continued to grow, we really wanted a better solution for tapping into the youth market online," said Danilo Bon, President/CEO at Nirve Sports. "With Virtual Piggy, we're able to accept safe payments from younger customers, with the peace of mind knowing they've been pre-approved by parents." "Bikes are always a popular item with the youth market, and partnering with Nirve gives us a merchant in this space that sells quality ones that are also gorgeous," said Virtual Piggy Founder and CEO Dr. Jo Webber. "This is a great addition to our family of merchants, and their products are sure to be popular as savings goals and Wishlist items for our customers." 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 (News - Alert) and on the Web at: www.virtualpiggy.com. About Nirve Nirve, pronounced as /n?rv/ or [nurv], is a leading maker of high quality cruiser bicycles. Based in Huntington Beach, California, Nirve has been making fashion bicycles since 1999. In addition to our own extensive line of bicycles, we have partnered with leading lifestyle brands and artists such as Paul Frank, Hello Kitty, Coca-Cola, Robert August, Corey Miller, as well as others, to bring a unique blend of fun and fashion to the sport of cycling. 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. |
