Business
Pennexx Had its Second Straight Quarter of Profitability and a Breakout Performance is Expected in the Second Half of the Year
Pennexx Had its Second Straight Quarter of Profitability and a Breakout Performance is Expected in the Second Half of the Year.
About this update from Pennexx Foods, Inc.
[{"type":"text","content":"PHILADELPHIA, PA / ACCESSWIRE / July 20, 2021 / Pennexx Foods (OTC PINK:PNNX) has announced that it has had a second straight quarter of profitability and expects to have breakout performance in the third and fourth quarters of this year. They also anticipate a dramatic rise in the number of users registered to https://yoursocialoffers.com (YSO).Vincent Risalvato, CEO of Pennexx said, "I don't believe many early-stage companies have been able to so quickly convert to profiting from revenue. In the year 2020 we accomplished allot by building a product and company that could profit starting from the first quarter of 2021 and now we have been profitable again showing our viability. There is still allot of work ahead to building YSO into a billion-dollar destination for social media discounts and coupon sharing, but I am confident that the company can reach that goal."Growing organically without having to raise significant funds during this phase of the company proves the commercial viability of the YSO (Social Media Deals and Coupon) platform and reduces any need for dilution of the stock keeping shareholder value high.Pennexx is poised to achieve its goals embarked upon earlier this year which is anticipated to grow the value of the company such as becoming fully audited and up listed to the OTC QB.The company conducting new national marketing campaigns for the product and they believe they will drive large numbers of users to our site.Additionally, the market Pennexx's YSO is in is an exciting growth opportunity. Digital coupon use by Generation X shoppers climbed to 69% according to https://www.supermarketnews.com/consumer-trends/first-time-digital-coupons-overtake-print-circulars-redemption in one year.The article also states, "For the first time, digital coupons overtake print circulars in redemption."This, coupled with the companies positioning which merges social media with digital discounts is seen by management as putting a match to fuel, they believe that the YSO platform will take off virally savings millions of consumers money and helping to grow businesses consumer bases all while increasing shareholder wealth.For More InformationPennexx will do its best to openly and publicly answer your questions and concerns via social media on Twitter https://twitter.com/pennexx @pennexx, or you may email info@p...