PHILADELPHIA, PA – Sep 11, 2026 – Pennexx Foods, Inc. (OTC: PNNX) today issued a company update highlighting the continued growth and enhancement of its Software as a Service (SaaS) product portfolio, along with an update on its debt conversion and corporate changes.
Pennexx has continued growing and enhancing its software as a service products and servicing its clients and is in the process of continuing the sales of those products, including but not limited to digital marking and coupons, developer tools, communication tools and CRM software.
The company offered its debt holders a conversion to equity and is predicted to have converted approximately 90% of its debt to equity, thereby greatly reducing its future liabilities.
The company has reduced its board of directors and renamed its chairman to Vincent Risalvato in preparation for the company to begin a new phase with a focus on sales and possible future growth opportunities, such as acquisitions and/or an investment round to raise money for the company's next stage. While the company has not made any decisions at this time a number of possible opportunities have been contemplated. The company is looking forward to the possibility of re-constituting the board with a new group industry leaders, experienced executives and potentially shareholders that could guide the company forward into a bright future.
For more information, visit: www.pennexx.net
Contact: info@pennexx.net | (866) 928-6409
Ticker: $PNNX – OTC Markets
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, artificial intelligence, targeted marketing, and consumer rewards.
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