PENNEXX Expects Profits for the First Quarter of This Year
Philadelphia, PA -- January 28, 2021 -- InvestorsHub NewsWire --
PENNEXX (PNNX) has
received sufficient revenue to support all
of its first quarter expenses and leave a remaining
The revenue is primarily from the multi-million dollar bundling deal
that it entered into in the fourth
quarter of 2020 with an OEM device
manufacturer for its https://YourSocialOffers.com (YSO) platform.
This revenue is expected to support the company's
budgetary expenses fully. It
includes future payments calculated that could
keep the company profitable throughout 2021 and into 2022.
The company's management points out that it
expects in addition to this initial bundling
revenue deal, the contract's execution will
create additional revenues
through Pennexx's other revenue
models, including direct sales, subscriptions,
revenue sharing, and marketing proceeds.
This additional income could exceed the
agreements 'multi-million dollar' bundling revenue.
This is the first of a number of deals that the company is
working to achieve. Each sale increases
the company's ability to grow more rapidly and
Vincent Risalvato, CEO of Pennexx, points out, "Our revenue
growth is significantly outpacing my initial
The company's strategy is to become
a billion-dollar marketing
conglomerate that helps
merchants, manufacturers, and services find new
while simultaneously saving consumers money.
Your Social Offers is a product that certainly
appeals to businesses and consumers alike.
Joe Candito, President of Pennexx, said, "Our vision has come to
fruition, and we are proud to be profitable. However, we don't want
to only be profitable; we want to deliver in a big way, increasing
shareholders’ value and becoming a household name."
For More Information
Pennexx will do their best to openly and publicly answer your
questions and concerns via social media on Twitter https://twitter.com/pennexx @pennexx, or you may
You may 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.
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
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.