Pennexx Announces the Strengthening of Its Internal Management Structure
Philadelphia, PA -- December 8, 2020 -- InvestorsHub NewsWire --
After careful consideration and extensive deliberations, Vincent
Risalvato, CEO of Pennexx, has appointed Mr. Joe Candito, the
founder, mastermind, and visionary behind our https://YourSocialOffers.com (YSO) brand
President of Pennexx and has nominated and recommended him to act
as a member of the board of directors. Mr. Candito will be
responsible for all sales-related duties and will also
co-operatively be involved in the daily oversight and operations of
Mr. Candito states, "I am honored and humbled to be in a
position to catapult our YSO brand to the world. My promise to our
shareholders is that I will work tirelessly to build a successful
company and increase shareholder value."
Mr. Candito has a Master's Degree in Management and Supervision
from Central Michigan University with an extensive history as a
business consultant, entrepreneur, investor, and in commercial real
estate development. Mr. Candito has over 30 years of experience in
technology, marketing, sales, management, retail, consulting, and
franchising experience. Mr. Candito served as CEO, principal
of Payair US LLC and Mobile Payments Interchange LLC,
both mobile technology software companies operating in the mobile
payment industry. Mr. Candito has spent 30 years working with the
Subway organization as a franchisee and the president/principal of
Subway SW Regional Development, Inc. He had a Development Agent
(DA) contract with Subway providing business consultation for the
franchisees and restaurant development for a seven-county area in
He spent eight years on the Subway Development Agent
Advisory Board working with marketing, advertising, franchisee
development, business development, loyalty & rewards programs,
gift card, and technology/POS digital advances within the Subway
organization. Working directly with Fred DeLuca, owner of Subway,
he was involved in business development, including acquisitions of
new franchise opportunities. Subway presented Mr. Candito with the
President's Award, Subway's highest honor, for his marketing,
technology, store development, and research and development. Mr.
Candito developed, marketed, and launched the
$5.00 Footlong Campaign. This international marketing and
advertising campaign drove record sales growth within Subway's
North American market with over 18,500 stores. This campaign has
had a significant impact on the quick-service restaurant industry
throughout North America that continues today. He was the first to
develop, market, and launch Subway's toaster oven, installed
Mr. Candito was also recognized by Subway with many more
accolades, including two times North American DA of the year, named
multiple times "Development Agent of the Year" for the SE
Region. Click https://yoursocialoffers.com/jc-awards.html to
see some of those awards. Additional awards ranged from
R&D, business development, growth, technology, and more. Mr.
Candito also served as a business consultant in Europe for six
years for Subway working with the DA. See a small subset of
Mr. Candito's awards listed here.
Sunny Sweet, CMO and board member of Pennexx, stated, "This is a
necessary transition to ensure our internal talents are providing
the maximum benefit to business development and our shareholders. I
feel incredibly optimistic this adjustment will help increase the
efficiency and speed at which we can bring our product YSO to the
As previously announced, Mr. Joe Caruso of Global Digital
Forensics is nominated to the board of directors and is currently
acting in a board advisory capacity. Joseph Caruso https://evestigate.com/joseph-caruso has a long
history of startup business success and is a recognized industry
leader in the fields of cybersecurity, computer forensics, and
eDiscovery. Mr. Caruso has been featured as a technology expert
regarding high profile cases on CNN Headline News, CBS Evening News
with Katie Couric, and FOX Business's Varney and Company.
Pennexx recognizes these updates may unlock some possible
questions and comments. Pennexx will do our best to openly and
publicly answer your questions and concerns via social media on
Twitter https://twitter.com/pennexx @pennexx or email firstname.lastname@example.org.
We also recommend you follow us 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.
Pennexx wishes our team and shareholders a wonderful holiday
season while we look forward to a productive 2021.
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, BitGift™,
artificial intelligence, targeted marketing, and consumer
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
under 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
For additional information, visit our website at www.pennexx.net
or call 866-928-6409. Please follow us on Twitter @Pennexx.