Business
Pennexx Takes Next Steps Building Its Business, Revealing Its Strategy and Launching Its First Product in the First Quarter
Pennexx Takes Next Steps Building Its Business, Revealing Its Strategy and Launching Its First Product in the First Quarter.
About this update from Pennexx Foods, Inc.
[{"type":"text","content":"\n Palm Harbor, Florida, Jan. 08, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Pennexx Foods Inc. has become Pink current on OTC Markets.  The development team is working on the initial launch of one of its first products which enables businesses to utilize social media to build their customer base. Pennexx Foods Inc. “Pennexx“ is also finalizing a provisional patent which establishes priority with the US Patent office and enables Pennexx to publicly release the details of this product for the first time. According to brandwatch.com, there are over 3 billion social media users and the average daily time spent on social media is 142 minutes a day. Brandwatch.com also states that social media users grew by 328 million between October 2018 and October 2019. “This makes social media one of the most exciting markets to penetrate because it is indeed a vast opportunity,” says Pennexx CEO, Vincent Risalvato. Pennexx’s current technology strategy is to roll out its first product in a limited number of locations in January. Once the product has been successfully proven, Pennexx will launch a portal so that any business can log in and create a social media marketing campaign. Pennexx will continue by releasing future products into this established customer base as well as releasing them to the public at large. Pennexx’s products will benefit businesses ranging from small mom and pop to major Fortune 500 corporations to help build their brand’s awareness. Pennexx’s products will also appeal to consumers because it allows them to save money and get exciting rewards. The size of social media coupled with Pennexx’s exciting ideas, its appeal to businesses and consumers alike will allow Pennexx to grow rapidly and virally! Pennexx’s business strategy is to establish a strong foundation for the company. Their financials for the first quarter of 2020 will be audited. They are currently in the process of identifying a firm who can be relied upon to complete those audits. Pennexx will have revenue starting in the first quarter of 2020 and is keeping its eye on establishing profitability as soon as practical. Pennexx believes that it is important to reach profitability and grow organically and this is possible because of the company’s plans and the viral nature of its produ...