14.06.2011 16:45:00
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Propell to Integrate Moggle’s Virtual Piggy™ Payment System to Its PropellShops® ‘Instant Ecommerce’ Online Service
Moggle, Inc. (OTCBB: MMOG), a technology platform company that provides online payment processing systems for secure transactions between the youth market and online merchants, announced today that Propell Corporation (OTCBB: PROP) has agreed to implement the Virtual PiggyTM payment platform as part of its "instant ecommerce” system for K-12 schools.
Propell provides online shops and order fulfillment for thousands of K-12 schools, universities, businesses, nonprofits and the U.S. military nationwide and manufactures product on-demand for each shop, so there is no inventory or risk for the partner.
"This partnership with Propell will make VirtualPiggy available to hundreds of online stores created and maintained by Propell, including those in K-12 schools nationwide, where the ability for children under 18 to safely order product online, with parental approval, is so important,” said Dr. Jo Webber, Chairman of Moggle, Inc.
There are more than 140,000 public and private K-12 schools in North America. Propell partners include eChalk (www.echalk.com), which has integrated the PropellShops service as an option in its online learning platform currently used by thousands of K-12 schools and districts nationwide. In addition, Propell is a School Solutions Partner for the American Association of School Administrators (www.aasa.org), a professional organization for more than 13,000 educational leaders in the United States and throughout the world; a strategic partner of the California Association of College Stores (www.casc.org); and an associate member of the National Association of College Stores (www.nacs.org).
"We are thrilled to offer a parent-approved method for children to initiate the purchase of items from our online stores," said Ed Bernstein, CEO of Propell. "The VirtualPiggy system lets students make independent purchase decisions supporting their school fundraising, yet parents have ultimate control and approval of the spending. We believe this adds tremendous value to the PropellShops service."
About Moggle, Inc.
Moggle, Inc. delivers a technology platform designed for the management of the Under 18 age group in the global online market. The Moggle technology enables online businesses to function in a manner consistent with the Children’s Online Privacy Protection Act ("COPPA”) and similar international children’s privacy laws. Moggle technology enables the Under 18 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control.
Moggle’s first two patent-pending products are Virtual Piggy™ and Parent Match™. For more information about Moggle, please visit the company’s website at www.virtualpiggy.com.
About Propell Corporation
Propell® Corporation’s PropellShops® service (www.propellshops.com) is a web-based e-commerce solution that lets any organization – whether school, nonprofit, sports team or business – instantly create a web store offering customized apparel and gifts featuring their brand, logo or other artwork. Propell’s partners have complete control of their shops, including which products to sell, and what price to sell them. Propell does the rest – hosting the shop, making the products, shipping them to customers, and paying the partner a share of every sale. For more information please visit www.propellshops.com, email info@propellshops.com, or call 415-480-6860.
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. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. 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, our limited experience in a relatively new industry, the recent economic slowdown affecting technology companies, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments addressing licensing and enforcement of patents and/or intellectual property, general economic conditions, and other factors disclosed in our annual report on Form 10-K for the year ended December 31, 2010 and other filings with the SEC. We undertake no obligation to revise or update any forward-looking statements for any reason.
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