PNNX Enters Into Agreement With Vista Money to Launch Its Worldwide "Your Social Offers" Pre-Paid Debit Card
November 05 2019 - 10:20AM
InvestorsHub NewsWire
PNNX Enters Into Agreement With Vista Money to Launch Its Worldwide
“Your Social Offers” Pre-Paid Debit Card
Philadelphia, PA -- November 5, 2019 --
InvestorsHub NewsWire -- Pennexx’ wholly owned
subsidiary “Your Social Offers” has entered into an
agreement with Vista Money (https://vistamoney.com) to issue open
and closed loop prepaid debit cards which will enable the
company to launch its branded pre-paid plastic and
virtual debit cards. In addition, the contract permits “Your
Social Offers” access to Vista Money’s payment
platform which includes any location that accepts
MasterCard worldwide.
Pennexx (“PNNX” or “the company”) will
generate revenues from “Your Social
Offers” via a standard monthly fee of
six dollars per card from each consumer, a fee from
companies to be onboarded to our program as well
as a percentage of monies flowing through at
the time
of each transaction generated. PNNX will also assist
its partners by utilizing the data obtained
from consumer purchases to engage in targeted
marketing through the use of its artificial intelligence
technology.
“PNNX is the most
exciting company I have ever been involved
with and this debit card agreement unleashes a
new, disruptive technology that
allows “Your Social Offers” to integrate our
system with real money
rewards,” said Vincent Risalvato, Chief
Technical Officer of PNNX. Mr. Risalvato continued,
“It enables our client’s consumers to
have direct money access with a digital
wallet and physical debit cards
usable anywhere MasterCard is accepted as well as
the collection of data from those transactions for use in targeted
marketing by our clients, through the award
winning ePin Labs platform.” ePin Labs
slideshow: https://s3.amazonaws.com/content.otcmarkets.com/media/1128572112/tGkukTENoqfTWRm/doc.pdf
“Your Social Offers” owns the worldwide licensing
and distribution rights through Vista Money for all its products
and platforms to include its Artificial Intelligence Data
Collection and Aggregation
System.
“While it is estimated that over one billion
people worldwide, including 40 million Americans, do
not have access to bank accounts, “Your Social Offers” clearly
provides the solution for those consumers and we believe
we can capture at least one percent of
that market on a monthly recurring basis,” said Alexander
Cook, President of
PNNX.
Further updates from PNNX will be
forthcoming.
About Pennexx Corporation (PNNX: OTCMKTS
US).
Pennexx, through its wholly owned subsidiaries Your Social
Offers and Triple 888 Logistics Inc., is a holding
company within the Software/Internet Industry that is focused on
prepaid debit and credit cards and utilizing artificial
intelligence to gather information for targeted
marketing.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to 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 generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that 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 materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual
report.
For additional information, visit our website
at www.Pennexx.net or
call 866-928-6409. We are also on Twitter
@Pennexx.
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