CORRECTING and REPLACING Oink Launches Prepaid Card for Teens

LOS ANGELES--(BUSINESS WIRE)--

First paragraph, second sentence of release, the ticker symbol for Discover should read: DFS (instead of DFF).

The corrected release reads:

OINK LAUNCHES PREPAID CARD FOR TEENS

Award-winning payment solution develops new payment service for teens

Virtual Piggy, Inc. VPIG, provider of Oink, the award-winning online payment technology for families and teens, today announced that it has launched the Oink Discover prepaid card, a physical extension of the company's digital wallet. The new prepaid card allows teens to shop at any of the more than 25 million merchant locations that accept Discover DFS, but within limits set and managed by parents.

The Oink Card represents a valuable step in a teen's financial freedom by providing them with a safe and easy alternative to cash that is connected to their personal Oink online account.

“Our goal is to have Oink be the payment option of choice, online or offline, for families worldwide,” said Dr. Jo Webber, CEO of Oink. “The Oink Card is the perfect complement to our digital product, giving teens a way to have more flexibility to use their personal account to shop in the real world, but still within parental limits and a secure environment where their personal information is protected.”

Here's how it works:

• Add Funds Directly From Your Oink Account – Parents and teens can re-load the Oink Card anytime via the mobile app or online account.
• Manage and Track All Transactions – Parents have visibility of a teen's Oink account, so they can track all transactions, check card balances, and control spending easily online.
• Exclusive Deals – Oink will offer exclusive deals from several teen-favorite retail partners.
• Highest Level of Security – All transactions take place within the secure Oink system, meaning a minor's personal information is never shared with retailers, the credit card company, or any third parties.

The Oink Card is available at oink.com/oinkcard. It is accepted everywhere Discover is accepted and is powered by Marqeta, an advanced payment card platform for global enterprises.

"Discover and Oink share a common goal of educating teens about financial responsibility," said Amit Parikh, Head of Prepaid at Discover. "Our unique network assets allow us to extend Oink's reach by enabling in-store payments and providing additional payment methods for their customers.”

Oink is the only payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner compliant with the FTC, COPPA and other international regulations. The innovative technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – all within parental controls.

For information about Oink visit www.oink.com.

About Virtual Piggy, Inc.

Virtual Piggy is the provider of Oink, the first e-commerce solution 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. 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, based in Hermosa Beach, CA, is on the Web at: www.virtualpiggy.com and holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.

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.