March 20, 2014 08:00 UTC

Oink Payments Solidifies European Gaming Presence

Safe Payment Technology to Be Preferred Payment Method for Leading Publisher of Social Games

LONDON--(BUSINESS WIRE)-- Virtual Piggy, Inc. (OTCQB:VPIG), provider of innovative safe payment technology, Oink, today announced that it has partnered with Plinga GmbH to provide a safe, seamless payment technology for their social games.

Plinga GmbH is Europe’s leading publisher of free to play social web and mobile web games. Plinga’s 15 currently published titles are played by more than 30 million users per month, in 16 different languages, and on more than 2,000 social networks and web portals around the globe.

Oink is a mobile-first payment technology designed to allow retailers and game publishers to reach consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. The award-winning technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – and can be enhanced with parental controls.

“We’re very excited about our new partnership with Oink which allows us to offer millions of players an easy transaction system in their favorite games.” said Florian Schmidt-Amelung, CEO at Plinga. “With the implementation of Oink’s GamePay solution we are able to provide an intuitive and safe transaction method for all our gamers on several thousand social, game and media portals connected to Plinga’s virtual games network world wide.”

"Plinga is a great partner for us and we're thrilled to integrate with their highly popular games,” said Joe Peden, General Manager, EMEA at Oink. “We’re excited to integrate directly into their games across many different online game destinations using the rapid GamePay integration.”

For information about Oink visit www.oink.com

About Virtual Piggy, Inc.

Virtual Piggy is the provider of Oink, the award-winning payment solution for merchants and games companies that enables kids and teens 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. 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. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com

About Plinga

Plinga GmbH is Europe’s leading publisher of social web and mobile web games. Plinga is positioned right in the middle of the world’s best developers and the hottest free to play gaming channels on the internet. Believing that playing with friends makes online gaming most compelling and fun Plinga selects the best online games from premier game developers and matches them to a global audience. More than 2,000 of the world’s top gaming channels have partnered with Plinga and give their virtual network a reach of more than 400.000.000 monthly active players across markets, languages and technologies. Their growing catalogue of games ranges from card games to building and strategy titles. Plinga’s 15 current portfolio titles are available in up to 16 languages and played by more than 30 million users every month. The company was founded in June 2009 and is based in Berlin, Germany. For more information about Plinga, please visit www.plinga.com

Safe Harbor Statement

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.

Contacts

Virtual Piggy, Inc.
US:
Public Relations
Sarah Hall Productions
Jenna Guarneri, 212-529-1598
Jenna@SHPNY.com
or
Investor Relations
Investor Awareness
Tony Schor, 847-945-2222 ext. 221
tony@investorawareness.com
or
UK:
Suzanne Noble, +44 7957 371840
snoble@virtualpiggy.com


Source: Virtual Piggy, Inc.