Pennexx had its second consecutive quarter of profitability and an exceptional performance is expected in the second half of the year
PHILADELPHIA, PA / ACCESSWIRE / July 20, 2021 / Pennexx Foods (OTC PINK: PNNX) reported having experienced a second consecutive quarter of profitability and expects exceptional performance in the third and fourth quarters of this year. They also anticipate a dramatic increase in the number of registered users on https://yoursocialoffers.com (YSO).
Vincent Risalvato, CEO of Pennexx, said: “I don’t think many start-ups have been able to convert so quickly to take advantage of their income. In the year 2020 we have accomplished while building a product and a business that could profit from the first quarter of 2021 and now we are profitable again, showing our viability. There is still a lot of work to be done to make YSO a billion dollar destination for social media discounts and coupon sharing, but I am confident the company can achieve this.
Organic growth without having to raise significant funds during this phase of the business proves the commercial viability of the YSO (Social Media Deals and Coupon) platform and reduces any need for stock dilution by maintaining high shareholder value .
Pennexx is on track to meet the targets set earlier this year, which should increase the value of the company, for example by becoming fully audited and listed on the OTC QB.
The company is running new national marketing campaigns for the product and believes they will attract a large number of users to our site.
In addition, the market in which Pennexx YSO is located is an exciting growth opportunity. The use of digital coupons by Gen X shoppers has climbed to 69% according to https://www.supermarketnews.com/consumer-trends/first-time-digital-coupons-overtake-print-circulars-redemption in a year.
The article also states: “For the first time, digital coupons overtake printed flyers when it comes to redemption.”
This, coupled with the positioning of companies that merges social media with digital discounts is seen by management as a match to fuel, they believe the YSO platform will go viral saving millions of consumers money. and helping to develop shareholders’ wealth.
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You can also follow them on Twitter; Joe candito (@jcandito) https://twitter.com/jcandito, Ms. Sunny Sweet (@sunnysweettweet) https://twitter.com/sunnysweettweet and Mr. Risalvato (@vrisalvato) https://twitter.com/vrisalvato.
About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly owned subsidiaries, is a holding company within the software / internet industry that focuses on social media, prepaid debit cards, cryptocurrency, artificial intelligence , targeted marketing and rewards for consumers.
Safe Harbor Act: This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements forward-looking statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results or strategies and are usually preceded by words such as “may ‘,’ Future ‘,’ plan ‘or’ planned ‘,’ will ‘or’ should ‘,’ expected ‘,’ anticipate ‘,’ draft ‘,’ possibly ‘or’ planned ‘. You are cautioned that these statements are subject to a multitude of risks and uncertainties which could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ. substantially from those projected. in forward-looking statements due to various factors and other risks identified in a company’s annual report.
For more information, visit our website at www.Pennexx.net or call 866-928-6409. We are also on Twitter @Pennexx.
SOURCE: Pennexx Foods, Inc.
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