PENNEXX has Filed Another Patent, "Systems and Methods for Coupon Management and Redemption"
Philadelphia, PA -- Feburary 22, 2021 -- InvestorsHub
NewsWire -- PENNEXX (PNNX), with
patent attorney Stephen James Lewellyn, has filed a
patent to protect the company's intellectual
property and raise the value of the company.
Outlined in this patent is the use of QR codes that have
become a well-known and well-understood technology
as they have come into excellent service during the
According to Investopedia https://www.investopedia.com/articles/fundamental-analysis/09/valuing-patent.asp, "A
patent is an exclusive right granted to an inventor for a fixed
time period. A patent excludes others from making, using or selling
the item in question for the duration of
the patent's life."
This is important to Pennexx because it protects them from
competitors entering the market and duplicating the
technology Pennexx has invented. Major companies patent their
technologies and consider them an asset to the business.
This patent application entitled "Systems and Methods for
Coupon Management and Redemption" covers how the
YourSocialOffers.com (YSO) system controls the management and
redemption of coupons so that merchants can be assured that coupons
are used appropriately. It includes a
cryptographic approach that uses encrypted keys
called private keys and public keys to create digital
fingerprints known as signatures. The system uses those
signatures to authenticate users.
This patent also outlines the method by which merchants can
interact with the YSO system to accept and redeem
coupons, an essential aspect of merchant confidence.
Vincent Risalvato, CEO of
Pennexx, said, "Pennexx is poised to use these
technologies to bring savings to millions of consumers and help
merchants build their businesses."
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 email email@example.com.
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 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.