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Pennexx Foods Inc. (PNNX) is a food production company located in Philadelphia, Pennsylvania, United States. The company focuses on social media, prepaid debit cards, artificial intelligence, targeted marketing, and consumer rewards through its wholly owned subsidiaries. Recently, Pennexx has introduced an innovative licensing model based on zip codes, allowing third party marketing firms to use the company's technology to support merchants' growth. This new model offers a unique revenue split, benefiting both the company and licensees. With the launch of a licensing model website and the upcoming release of the YSO smartphone app, Pennexx is aiming for rapid growth and increased consumer engagement.
Pennexx Foods (PNNX) has introduced YourGrowthDashboard.com, a marketing platform designed to assist merchants in maximizing the benefits of the Your Social Offers (YSO) dashboard. This innovative tool aims to enhance customer loyalty and broaden market reach at reduced costs compared to competitors. To incentivize adoption, Pennexx is offering a '90-day' launch promotion, providing a three-month introductory rate along with additional benefits. CEO Joseph Candito highlighted that the Merchant Dashboard 4.0 is strategically positioned to help businesses thrive amidst financial challenges, particularly in today's high inflationary environment.
Pennexx Foods (OTC PINK:PNNX) has launched version 4.0 of its consumer savings website, YourSocialOffers.com (YSO), on February 7, 2023. The new version features include a personalized dashboard, improved search functionality, and mobile optimization. Customers can enjoy a broader range of deals from major retailers. The launch aims at attracting millions of users through upcoming advertising campaigns. The site's new features also include SMS discount sending, enhanced user management, and cashback shopping. Pennexx emphasizes the value of its growing user base, essential for targeted marketing and future revenue opportunities.
Pennexx Foods (PNNX) has entered a joint marketing and licensing agreement with iTouchNetwork and iTouchOrlando. This partnership aims to leverage iTouchNetwork's digital advertising and Spin2Win technology with Pennexx's 4.0 wallet and 'Your Social Offers' platform. The collaboration is expected to generate immediate revenues through marketing agreements with major accounts like SeaWorld and over 200 hotels in Orlando, Tampa, and Miami. Pennexx's wallet will enable users to redeem various offers, enhancing their advertising reach to over 70 million annual tourists.
Pennexx Foods (OTC PINK: PNNX) has decided to terminate its cryptocurrency licensing agreement from November 2021. Instead, the company is developing a proprietary universal loyalty and rewards program, which will enhance its Your Social Offers software. CEO Vincent Risalvato noted that this move increases flexibility for merchants and minimizes risks associated with digital assets. Concerns regarding hacking and regulatory uncertainty in the cryptocurrency space influenced this strategic shift. The new program aims to offer improved customer incentives without relying on cryptocurrency.
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