Pennexx Foods, Inc. (PNNX)

Targeting the Multi-Billion Dollar Global Social Media Marketplace with a Powerhouse Leadership Team: Pennexx Inc. (Stock Symbol: PNNX)  

  • Focused on Social Media, Prepaid Debit Cards, Artificial Intelligence, Targeted Marketing, and Consumer Rewards.
  • Completed PCAOB Audit Encompassing Year 2020 Financial Certification.
  • Working Towards Up-Listing to the OTCQB Market Tier.
  • Advisory Board with Over 100 Years of Marketing & Business Experience.
  • Second Straight Quarter of Profitability Recorded in 2021 with Expectation for Breakout Performance Through the 2nd Half of the Year.

Pennexx, Inc. (PNNX), through its wholly-owned subsidiaries, is a holding company within the Software/Internet Industry focused on social media, prepaid debit cards, artificial intelligence, targeted marketing, and consumer rewards. PNNX products capitalize on the multibillion dollar social media market by enabling merchants to use social media to acquire, retain and grow their customer base. PNNX Your Social Offers (YSO) users scan a QR code or click a post online, register and share that reward with their friends.

PNNX is developing prepaid debit cards which link to its YSO program so rewards can be automatically added. YSO will also leverage artificial intelligence (AI) to optimize and create targeted marketing campaigns. PNNX has acquired BitGift, a company that is creating a unique pre-paid debit card. PNNX utilizes patent pending technology and will be submitting additional patents for example, “A system for monetizing social influence.” PNNX earns money through subscription fees, per use charges, transactional fees and contracts with its customers.

PNNX is currently poised to reach millions of users through its viral social media approach. PNNX helps businesses grow more efficiently than traditional marketing campaigns. This approach decreases the acquisition cost of acquiring new customers. Customers login through the merchant portal to control their campaigns and view reports on the status of their success. YSO has shown a 96% adoption rate among businesses.

PNNX Completes Inaugural PCAOB Audit Encompassing Year 2020 Financial Certification

On September 9th PNNX announced that it has been successfully audited for the year 2020. This is a key step in the growth of the company to achieving its goal to becoming a fully reporting billion-dollar player in the social media marketing industry.

Assurance Dimensions, which is registered with the Public Company Oversite Board (PCAOB), conducted a systematic examination of the PNNX accounting books, transaction records, and other pertinent data in accordance with the standards of the PCAOB. Those standards require that PNNX planned and performed the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud in conformity with the U.S. Generally Accepted Accounting Principles (GAAP).

Joe Candito, President of PNNX, stated, “The process of undergoing the audit was an extremely comprehensive course of action. It was vital to set the stage to move forward and provide increased confidence for our shareholders.”

The company will be posting to OTC Markets the audit letter and continues to prepare itself for submitting its application for up to OTC QB Status.

Powerhouse of Advisory Board Members with Over 100 Years of Executive Marketing & Business Experience

On August 17th the PNNX powerhouse advisory board discussed continued implementation and growth plans for its https://YourSocialOffers.com (YSO) marketing platform.

PNNX hosted this valuable workshop with its newly formed Advisory Board Members:

Mr. Tom Coba has a compelling leadership record that expands into the financial sector currently serving as President/CEO of two brands in the business broker industry, one is a franchise operation in 38 states and Canada Tom was former President/CEO of 5 service brands with $2.6B Franchise Services Group of the ServiceMaster company. Mr. Coba was the Chief Operations Officer globally for the Subway brand. Prior to Subway Tom was Vice President of Dunkin Brands with responsibilities for the Dunkin’ Donuts, Baskin Robbins and Togo’s brands in North America. Mr. Coba has a BS from Tufts University.

Mr. Jeff Moody is a visionary, high performance leader with 35+ years of diverse business experience in general management, domestic and international operations, and marketing and product management. Past positions include C.E.O. Rita’s Italian Ice, C.E.O. Subway Franchise Advertising Fund Trust; Chairman, CEO of Metromedia Restaurant Group; President of KFC; V.P. Marketing, GE Appliances; and Sr. V.P. Operations of PepsiCo Restaurants International. Mr. Moody has a BA Amherst College. with Beta Kappa distinction.

Mr. Brian Jennings is a seasoned marketing professional with over 40 years of marketing /agency experience. His experience includes both client and agency side along with both domestic and international experience. Mr. Jennings was Division Manager for a National Food Chain for all areas east of the Mississippi River working with Franchisors, Franchisees and corporate stakeholders along with advertising agencies instrumental in all phases of local market planning.

Mr. Ron Weinstock is a successful executive and consultant with over 30 plus years of successfully launching, building, and revitalizing national and regional brands. Mr. Weinstock’s expertise includes an emphasis on objective, strategies, brand positioning, marketing, training, development, culinary/R&D and financial management (ROI). Ron’s career highlights include generating successes in consumer loyalty promotions, repositioning brands, retail turnarounds and new product and services launches. Mr. Weinstock Graduated from Duquesne University.

This highly qualified advisory board brings PNNX an added layer to evaluate their business strategies, technology, provide financial health and guidance, additional networks, leads, and associates to utilize YourSocialOffers.com and help build the YSO brand.

 

Second Straight Quarter of Profitability and Breakout Performance Expected in the Second Half of the Year

On July 20th PNNX announced its second straight quarter of profitability and expects to have breakout performance in the third and fourth quarters of this year. PNNX also anticipates a dramatic rise in the number of users registered to https://yoursocialoffers.com (YSO).

Growing organically without having to raise significant funds during this phase of the company proves the commercial viability of the PNNX YSO (Social Media Deals and Coupon) platform and reduces any need for dilution of the stock keeping shareholder value high.

PNNX is poised to achieve its goals embarked upon earlier this year which is anticipated to grow the value of the company such as becoming fully audited and up listed to the OTC QB. PNNX is conducting new national marketing campaigns and they believe they will drive large numbers of users to its site.

Additionally, the market the PNNX YSO is in is an exciting growth opportunity. Digital coupon use by Generation X shoppers climbed to 69% according to https://www.supermarketnews.com/consumer-trends/first-time-digital-coupons-overtake-print-circulars-redemption in one year.

The article also states, “For the first time, digital coupons overtake print circulars in redemption.”

This, coupled with the companies positioning which merges social media with digital discounts is seen by PNNX management as putting a match to fuel, they believe that the YSO platform will take off virally savings millions of consumers money and helping to grow businesses consumer bases all while increasing shareholder wealth.

For more information on Pennexx, Inc. (PNNX) visit: http://www.pennexx.net and https://YourSocialOffers.com 

Pennexx Inc. (Stock Symbol: PNNX) is a Technology Company Operating in the High Value Online Marketing Industry Poised to Enlist Millions of Users via Social Media 

Positioned to Capitalize on the Multi-Billion Dollar Social Media Sector.
Developing Prepaid Debit Cards Linked to Reward Programs with AI.
Highly Experienced Management with New Additions Coming Aboard.
Company Offers will Reach Facebook, Pinterest, Twitter, and Other Leading Social Media Platforms.

Pennexx Foods, Inc. (OTC: PNNX) is a technology company within the Software / Internet and Fintech industries. Products capitalize on the multibillion dollar social media market by enabling merchants to use social media to acquire, retain and grow their customer base. YSO users scan a QR code or click a post online, register and share that reward with their friends.

PNNX is developing prepaid debit cards which link to its YSO program so rewards can be automatically added. YSO will also leverage artificial intelligence (AI) to optimize and create targeted marketing campaigns. PNNX has acquired BitGift, a company that is creating a unique pre-paid debit card. PNNX utilizes patent pending technology and will be submitting additional patents for example, “A system for monetizing social influence.” PNNX earns money through subscription fees, per use charges, transactional fees and contracts with its customers.

PNNX is currently poised to reach millions of users through its viral social media approach. PNNX helps businesses grow more efficiently than traditional marketing campaigns. This approach decreases the acquisition cost of acquiring new customers. Customers login through the merchant portal to control their campaigns and view reports on the status of their success. YSO has shown a 96% adoption rate among businesses.

Update to Shareholders Regarding the Company’s Strategy, Upcoming Financials and Proposed Changes to the Company’s Board and Guidance for Questions, News and Updates

On November 12th PNNX issued a shareholder update. PNNX is building a strong foundation and part of that is building a strong board of directors. CEO Vincent Risalvato is proposing two candidates who have agreed to take a board seat if elected; they are Joseph Caruso and Phillip Welch.

Joseph Caruso https://evestigate.com/joseph-caruso has a history of startup business success and is a recognized industry leader in the fields of cyber security, computer forensics and eDiscovery. He has been featured as a technology expert regarding high profile cases on CNN Headline News, CBS Evening News with Katie Couric, FOX Business’s Varney and Company.

Phillip Welch is a Certified Microsoft Systems Expert, was director of IT for a national broadcast television network and has for nearly 20 years provided managed IT services for hundreds of customers as President and CEO of https://welchandcompany.net. His background in both technology and the operational aspects of many multi-million dollar businesses makes him well suited to help guide PNNX to success.

PNNX plans include uploading to OTC Markets a formal business plan which include the overall going forward strategy of the company and revenue estimates for the first time. The company will also be outlining its strategy for becoming fully audited. PNNX is on track to achieve the goal of having an audited status. It is an important step to getting the company to a fully reporting SEC status and to uplisting.

Additionally, PNNX is proposing to change its name by removing the word “Foods” from the name and possibly adding “Technologies”. This name change is in accordance with the fact that PNNX is currently hosting multiple technology projects.

PNNX has been having great success with its ongoing development partnership projects including the development of the Cyber Security Dashboard (CSD).  The CSD will begin collecting subscription revenue in the fourth quarter and that profit is shared between PNNX and Global Digital Forensics. Progress on the partnership with Zicix has also been developing well.

PNNX management has indicated that fourth quarter financials will start to show revenue generated through its development partnerships. Since PNNX has just recently launched its new dashboard which opens up a number of revenue generating e-commerce offerings, a small amount of that revenue will also begin in the fourth quarter.  The company should begin to show real quarter over quarter growth from here on into 2021. Additionally, PNNX is still forging forward with its YSO debit card program.

Launch of Your Social Offers Debit Card for the Projected 4.7 Trillion Dollar FinTech Industry and New Version of Merchant Dashboard

On August 25th PNNX commented on the launch of its branded prepaid debit card program. The company has been fully approved and finalizing the deployment, such as the graphics for its customized prepaid debit card. These debit cards will allow PNNX (YSO) to credit rewards directly into their users’ prepaid debit cards, enabling utilization online or in-store. YSO can then propel into its Social Media Influencer program.

With these new prepaid debit cards, the PNNX YSO will offer users a unique and innovative method of being rewarded. YSO can continue to cultivate more clients, as this will open the possibility of real cash rewards for sharing offers on Facebook, Pinterest, Twitter, and other social media platforms. The prepaid debit card will also supercharge YSO’s growth through the use of social media influencers. For the first time, social media influencers will be able to ‘send’ influence directly, post, and share on social media and then immediately receive the payment to their prepaid debit card in a seamless manner.

The FinTech market is a rapidly growing industry. According to recent research as seen here: https://www.reportlinker.com/p05336794/Global-Prepaid-Cards-Industry.html?utm_source=GNW, the global market for prepaid debit cards estimated at the US $2 Trillion in the year 2020, is projected to reach a revised size of US $.1 Trillion by 2027.

Social media influencers reach billions of people; therefore, PNNX believes it will rapidly reach millions of users. PNNX has been developing a range of new features in the latest version of its Your Social Offers merchant dashboard and user portal. The new merchant dashboard will enable users to create a variety of new types of rewards.

For more information on Pennexx Foods, Inc. (OTC: PNNX) visit: http://www.pennexx.net

 

Company Website:

www.pennexx.net

Contact Info:

5501 Tabor Avenue
Philadelphia, PA 19120
United States
215-743-4331

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