HERMOSA BEACH, Calif.--(Virtual Piggy, Inc. (OTCBB:VPIG) today announced that it has been recognized by Frost & Sullivan as Entrepreneurial Company of the Year.)--
“We have recognized Virtual Piggy for bringing a truly innovative fresh technology to the market. We believe Virtual Piggy will have a disruptive and sustained impact on global ecommerce within the next 12 months.”
Frost & Sullivan awards identify exemplary achievements within a multitude of industries and functional disciplines.
“Virtual Piggy is such a novel solution,” said Mukul Krishna, Global Director, Digital Media Practice for Frost and Sullivan. “We have recognized Virtual Piggy for bringing a truly innovative fresh technology to the market. We believe Virtual Piggy will have a disruptive and sustained impact on global ecommerce within the next 12 months.”
A full copy of the Frost & Sullivan analyst report on Virtual Piggy can be found at 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 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.
About Frost & Sullivan
Founded in 1961 and headquarters in San Antonio, Texas, Frost & Sullivan is leading global business consulting and research company. With over 1800 analysts, growth consultants and visionaries, Frost & Sullivan operates from its base of over 40 global offices.
More at: http://www.frost.com.
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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.