SAN DIEGO, CA--(Marketwire -09/04/12)- Startup PlayMG™ Corp., makers of MG™ -- the first dedicated portable Wi-Fi gaming system for the massive 60,000-plus Android freemium app games market -- has entered into a partnership with BillMyParents, Inc. (BMPI) (BMPI), the Responsible Teen Spending Company. Each MG will work with a BillMyParents SpendSmart™ prepaid MasterCard® for teens when the device launches this holiday season.
"Through BillMyParents we are able to provide parents with a welcome alternative to using their own credit card when they want to set up, or cut off, teen spending on their MG," said Anna Hansen, PlayMG Founding Partner and Mommy Gamer. "We are very excited to promote the MG's BillMyParents SpendSmart prepaid MasterCard in our product packaging, marketing and online and think it is a great way to manage a teen's allowance."
The MG Family Collaboration System -- a new feature in the portable gaming space -- includes "Digital Wallet" and "Remote Trust" notification functions. The MG "Digital Wallet" lets parents create "game allowances" through the reloadable BillMyParents SpendSmart prepaid MasterCard. Teens have the freedom to discover, download and play the games they want from the app marketplace, while staying within set spending limits defined by their parents. Parents can also opt in to MG's "Remote Trust" notification to receive instant text or email updates on MG activity.
"The entertainment category of portable gaming is enormous and growing at a breakneck rate," said Mike McCoy, Chairman and Chief Executive Officer of BillMyParents. "Incorporating our SpendSmart prepaid MasterCard directly into the MG device lets us give parents an easy, safe way to moderate teen gaming purchases, as well as reinforce the concepts of budgeting and making smart spending choices."
When an MG gamer enters her BillMyParents account number into the MG's Family Collaboration System app, she can see her SpendSmart prepaid MasterCard balance right on her device. The BillMyParents SpendSmart system allows parents to remotely observe how their teens are spending their game allowances via text, email or by going online, and encourages family dialogue about smart spending habits. Parents can even lock or unlock the card with a text message if necessary.
For more information on PlayMG, please visit: Kickstarter.com (search Play MG). The first 2,000 early adopters who visit the MG Kickstarter campaign will be rewarded with an MG this holiday season at a savings of $70 off the suggested retail price of $169 when MG launches later this year. Other supporters on Kickstarter will be able to pre-order their MG for $149.
For more information about BillMyParents: www.BillMyParents.com
BillMyParents, Inc. (BMPI) (BMPI), the Responsible Teen Spending Company, offers a solution for parents who want to help their teens develop smart spending habits. The BillMyParents SpendSmart MasterCard card is the instantly trackable, reloadable MasterCard prepaid card that lets parents and teens track spending in real time. Features include the ability to instantly lock, unlock and reload the card at any time; text alerts to parents and teens showing real-time transaction details with each purchase; and the freedom and security of a MasterCard prepaid card without the risk of overdrafts, accruing debt or affecting credit scores. BillMyParentsprovides parents with a modern way to help teach their teens financial responsibility, when it counts. For more information, please visit www.BillMyParents.com.
The BillMyParents SpendSmart MasterCard card is issued by University National Bank, member FDIC, pursuant to license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.
PlayMG™ Corp. is a startup formed in 2012 comprised of electronics, game and social industry veterans who have come together to fuel the redesign of gaming™ and bring "more game" affordably into people's lives. PlayMG is the visionary creator of MG™ -- the first dedicated portable Wi-Fi gaming system for the Android freemium app games market. Learn more at KickStarter.com (search PlayMG) and PlayMG.com. Also, visit PlayMG on Facebook at facebook.com/mgmoregame to help spread the 'more game' word.
Certain statements contained in this press release are "forward-looking statements" within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities. Such statements are inherently subject to risks and uncertainties, which include, without limitation, those in Company reports filed with the SEC. The Company can give no assurance that such expectations will prove correct. Future events and actual results could differ materially from those statements.
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