Pennexx Takes Next Steps Building Its Business, Revealing Its Strategy and Launching Its First Product in the First Quarter
January 08 2020 - 9:37AM
InvestorsHub NewsWire
Pennexx Takes Next Steps Building Its Business, Revealing Its
Strategy and Launching Its First Product in the First Quarter
Palm Harbor, FL -- January 8, 2020 -- InvestorsHub
NewsWire -- Pennexx Foods Inc. has become Pink current on OTC
Markets. The development team is working on the initial
launch of one of its first products which enables businesses to
utilize social media to build their customer base. Pennexx Foods
Inc. “Pennexx“ is also finalizing a provisional patent which
establishes priority with the US Patent office and enables Pennexx
to publicly release the details of this product for the first
time.
According to brandwatch.com, there are over 3
billion social media users and the average daily time spent on
social media is 142 minutes a day. Brandwatch.com also states that
social media users grew by 328 million between October 2018 and
October 2019. “This makes social media one of the most exciting
markets to penetrate because it is indeed a vast opportunity,” says
Pennexx CEO, Vincent
Risalvato.
Pennexx’s current technology strategy is to roll
out its first product in a limited number of locations in January.
Once the product has been successfully proven, Pennexx will launch
a portal so that any business can log in and create a social media
marketing campaign.
Pennexx will continue by releasing future products
into this established customer base as well as releasing them to
the public at large.
Pennexx’s products will benefit businesses ranging
from small mom and pop to major Fortune 500 corporations to help
build their brand’s awareness. Pennexx’s products will also appeal
to consumers because it allows them to save money and get exciting
rewards.
The size of social media coupled with Pennexx’s
exciting ideas, its appeal to businesses and consumers alike will
allow Pennexx to grow rapidly and
virally!
Pennexx’s business strategy is to establish a
strong foundation for the company. Their financials for the first
quarter of 2020 will be audited. They are currently in the process
of identifying a firm who can be relied upon to complete those
audits.
Pennexx will have revenue starting in the first
quarter of 2020 and is keeping its eye on establishing
profitability as soon as practical. Pennexx believes that it is
important to reach profitability and grow organically and this is
possible because of the company’s plans and the viral nature of its
products.
Pennexx’s products will also be utilized in
philanthropic ways, which will help promote the welfare of others,
by allowing people to donate to good causes as well as helping
Pennexx grow!
Pennexx is looking forward to releasing their plans
to the world and making an exciting splash in social media for
2020.
About Pennexx Foods Inc. (PNNX: OTCMKTS US).
Pennexx, through its wholly owned subsidiaries is a holding company
within the Software/Internet Industry that is focused on social
media, prepaid debit cards, crypto currency, artificial
intelligence, targeted marketing and consumer
rewards.
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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