Pennexx Releases its Quarterly Report Showing Revenue and Talks About the Potential Value of Users
November 17 2020 - 10:19AM
InvestorsHub NewsWire
Philadelphia, PA -- November 17, 2020 --
InvestorsHub NewsWire -- Pennexx has conducted an analysis that
shows the potential value of gaining its first
million user goal on Your Social Offers ( https://yoursocialoffers.com ).
Using figures by Forbes (https://www.forbes.com/sites/tristanlouis/2013/08/31/how-much-is-a-user-worth/?sh=4c7ab3181c51 ), a
million consumer users could be estimated to value a company
at $120 Million
dollars.
In that article Forbes found the average user to be
worth $120.84, and the average revenue per user to be $3.76.
Pennexx estimates that this is an appropriate value for users that
join YSO as a consumer. However, we believe YSO’s
merchant users are much more valuable on an individual basis.
YSO has begun its subscription service at $25 per month and
believes that by offering merchants more than ten ways to grow
their business, that cost is easily justified by the
merchant.
Pennexx states that a higher
valuation of merchant users is substantiated because
merchants are readily willing to pay for client acquisition.
According to https://blog.flyingsaucer.nyc/customer-acquisition-cost-by-industry, the
cost for a restaurant to acquire a customer through Bing is
approximately $26. Pennexx believes that it can greatly reduce
client acquisition cost and therefore show a great value to the
consumer.
If these forward-looking estimates hold
true and Pennexx achieves a million users, this would mean a
tremendous growth possible for its shareholders. We
nevertheless caution the public to understand that these are
forward looking statements that may not come to fruition if we do
not achieve our goals of user
growth.
It is because of this valuation estimation that the
CEO has a strategy to keep the company as “lean and mean” as
possible to keep dilution to a
minimum.
Toward that goal, Pennexx has released its
first quarter financial report which show its
first revenue since entering into the
technology sector. These earnings represent the first step of
Pennexx growing its commercial
viability.
This is a significant step because many
companies do not transition to a sustainable revenue model and
therefore cannot remain viable
without significant continued
investment.
Mr. Risalvato said, “I have spoken many times
about the strategy of the company to grow organically as much
as possible. While it is a much harder road to keep a company lean
and mean, it insures the company has the least dilution of its
shareholder base and is economically
sound.”
He continued, “Many people have long been involved
in the dream of having a successful investment in
Pennexx. Some have been involved since its meat packing
days. They have told me that they have confidence in me, the
idea and in those involved. I appreciate that confidence
greatly and hope this first step into revenue shows my commitment
to this strategy.”
Mature companies in this space include;
Groupon.com, Coupons.com, Rakuten,
Inc.
According to Statista.com (https://www.statista.com/statistics/273226/number-of-adult-digital-coupon-users-in-the-us/ )
in 2021 there will be 145 million users using digital coupons in
the United
States.
Vincent said, “I believe virtually none of
these estimated 140 million digital coupons are being
shared on social media. We have a tremendous opportunity to do
something for merchants and consumers that hasn’t been done
before. ‘Redefine the distribution of coupons into social
media offers shared between friends and
families.’”
Pennexx also has value outside of its wholly
owned subsidiary Your Social Offers ( https://yoursocialoffers.com ). Its
other technologies such as its Cyber Security
Dashboard, Zicix’s https://zicixgroup.com Smartphone
Coupon app, Fintech Pre-Paid debit card app and Your
Social Influencers program can have independent
valuations, but have tremendous cross selling
opportunity.
Pennexx believes its ability to ‘cross sell’ to its
users offers from multiple merchants for a low cost is what
distinguishes the value of its users from the typical ‘digital
coupon’ or ‘digital reward or rebate’ company put
valuations into accordance with the
Forbes figures.
Vincent Risalvato said, “I believe Pennexx will see
a tremendous growth in its user base and from
this Forbes data that it can translate into the
success many companies have achieved. Because of
the startup stage of our company, investors getting
involved today are really at the ground
floor.”
For More
Information
The best place to ask questions is openly on
twitter @pennexx. This way they can answer them openly and
publicly.
Questions may also be emailed
to info@pennexx.net, many shareholders do get responses from
the CEO directly when questions are emailed in. Some of them post
those responses within the investor
community.
It is also recommended that people follow Mr.
Risalvato on Twitter at https://twitter.com/vrisalvato.
About Pennexx Foods
Inc.
About Pennexx Foods Inc. (PNNX:
OTCMKTS US). Pennexx, through its wholly-owned subsidiaries, is
a holding company within the Software/Internet Industry focused on
social media, prepaid debit cards, BitGift™, 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, you may also visit our
website at https://yoursocialoffers.com or https://pennexx.net or call 866-928-6409.
Please follow us on Twitter
@Pennexx.
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