Virtual Piggy Appoints Experienced Software Executive as New CFO Business Wire HERMOSA BEACH, Calif. -- November 29, 2012 Virtual Piggy, Inc. (OTCBB: VPIG) announced today the appointment of Joseph Dwyer as the company’s Chief Financial Officer. Mr. Dwyer is an experienced software industry executive with over twenty years of experience at the CFO and CAO level for both public and private companies, including OpenLink Financial, Energy Solutions International, Capstone Advisory Group, AXS-One, Synergen and Caminus Corp. Mr. Dwyer brings a high-level of financial and analytical experience as he has helped his companies grow both organically and through M&A activity. He is a CPA and holds a BBA in Accounting from the University of Notre Dame. “I am thrilled that Joe has agreed to join Virtual Piggy,” said Dr. Jo Webber, CEO and Founder of Virtual Piggy. “We have worked together previously and I know firsthand the oversight, leadership and skill that Joe will bring to our financial structure as we move through this period of very rapid growth. I want to thank the outgoing CFO Scott McPherson, who has been with the company since our inception, for his excellent work in helping us grow to our position today.” “Virtual Piggy is an exciting company with a unique opportunity in its category,” said Mr. Joseph Dwyer. “I’m thrilled to have the opportunity to help lead the company through this phase of swift growth and look forward to being part of the upcoming chapters of the company’s success story.” 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 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. Contact: Public Relations Sarah Hall Productions Jenna Guarneri, 212-529-1598 Jenna@SHPNY.com or Investor Relations ICM Peter Pelullo, 610-825-8805
Virtual Piggy Appoints Experienced Software Executive as New CFO
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