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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 Inc. (PNNX) announced its second consecutive quarter of profitability, indicating a trend rather than an anomaly. The company anticipates significant growth in registered users for its social media and coupon platform, YourSocialOffers.com (YSO). With plans to achieve full auditing and uplisting to OTCQB, Pennexx aims to enhance its commercial viability while avoiding stock dilution. This trajectory aligns with their high expectations for the upcoming quarters, suggesting a positive outlook for shareholders.
Pennexx Foods (OTC PINK:PNNX) reported its second consecutive quarter of profitability, projecting continued success in the third and fourth quarters of 2021. CEO Vincent Risalvato highlighted the company's rapid transition to profitability since early 2021, driven by its YSO platform. The firm aims to grow its user base through national marketing campaigns, capitalizing on the rising trend of digital coupon usage among consumers. Pennexx also plans to become fully audited and up-list to OTC QB, aiming for significant growth in shareholder value.
Pennexx Foods (OTC PINK:PNNX) has appointed Jeffrey Moody as its first advisory board member. Moody, with 40 years of experience in various industries, aims to support Pennexx and its subsidiary Your Social Offers (YSO) by establishing strategic business relationships and marketing programs. His past roles include President of KFC and CEO of Rita's Italian Ice. The appointment is expected to strengthen leadership and position YSO to leverage the growing coupon market, as 88% of U.S. consumers used coupons in 2020, and businesses are set to invest over $1.55 billion in internet advertising.
Pennexx (OTC: PNNX) announced on July 12, 2021, the expansion of its YSO savings platform by adding major brands like Goodyear, Carrabba’s, and Nike, enhancing its appeal to consumers. This growth phase aims to increase user engagement and attract more brands, tapping into the significant market where 93% of US shoppers prioritize discounts when purchasing. CEO Vincent Risalvato emphasized the platform's potential for explosive growth as it reaches a critical mass of users and partnerships.
Pennexx (OTC: PNNX) has launched its new proprietary website, Your Social Offers (YSO), featuring discounts of 50% or more from major brands like Home Depot and Amazon. YSO enables merchants to share coupons via social media and communicate with customers affordably, enhancing their marketing reach. The site aims to attract millions of users, potentially increasing revenue. Pennexx's unique patent-pending technology differentiates it from competitors such as RetailMeNot and Honey.
Pennexx (OTC: PNNX) announced the retention of Emerging Markets Consulting, LLC for investor and public relations services. The firm aims to enhance brand awareness and market share for Pennexx, which has a profitable business model and is nearing an audit completion. CEO Vincent Risalvato expressed optimism regarding an anticipated uplisting to OTCQB, indicating a strategic time to broaden their brand visibility. EMC praised Pennexx's management and business strategy, signifying a commitment to advancing the company's presence in the investment community.
Pennexx Foods (PNNX) is making strides in the fintech sector by developing its Your Social Offers (YSO) program, which allows merchants to leverage social media for customer acquisition and retention. The company recently added 740 million LinkedIn users to its marketing reach, enhancing its growth potential. Additionally, Pennexx has formed a joint marketing agreement with Hybrid Business Solutions, tapping into the $74 billion payment processing market. It also plans to reach over 100 million TV viewers through interviews, boosting visibility and potential customer engagement.
Pennexx (OTC: PNNX) has announced a series of interviews conducted by Jane King that will be aired on major networks such as Fox Business, Bloomberg, and Newsmax, reaching a combined audience of over 249 million households. This media exposure aims to boost visibility for their brand, Your Social Offers (YSO), ultimately increasing consumer and merchant engagement. Vincent Risalvato, CEO, expressed confidence in establishing YSO as a household name. A total of more than 30 interviews are anticipated over the next six months, starting with an airing on Newsmax.
Pennexx (OTC: PNNX) has launched a new corporate website, enhancing its online presence and aiming to grow its customer base. The site was designed by a team experienced with Fortune 500 companies, ensuring a professional look that aligns with industry standards. This redesign is a strategic move to support national advertising efforts and improve user engagement. The company is committed to transparency and is available for inquiries via social media and email.
Pennexx (OTC: PNNX) has released a promotional video highlighting its YourSocialOffers.com (YSO) platform. The company reports a profit for Q1 2021 and is set to issue digital debit cards, enhancing consumer engagement through innovative rewards. Additionally, Pennexx is redesigning the YSO website to improve user experience. The company expects to complete its audit by May's end, and financials will be available on EDGAR, important for stakeholders and analysts.
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