{"id":383167,"date":"2020-11-17T10:14:16","date_gmt":"2020-11-17T15:14:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383167"},"modified":"2020-11-17T10:14:16","modified_gmt":"2020-11-17T15:14:16","slug":"pennexx-releases-its-quarterly-report-showing-revenue-and-talks-about-the-potential-value-of-users","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-releases-its-quarterly-report-showing-revenue-and-talks-about-the-potential-value-of-users\/","title":{"rendered":"Pennexx Releases its Quarterly Report Showing Revenue and Talks About the Potential Value of Users"},"content":{"rendered":"
\n

Philadelphia, PA, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a>\u00a0—\u00a0Pennexx has conducted\u00a0an\u00a0analysis that shows\u00a0the\u00a0potential\u00a0value of\u00a0gaining its first million user goal\u00a0on Your Social Offers (\u00a0https:\/\/yoursocialoffers.com<\/u><\/a>\u00a0).<\/p>\n

Using figures\u00a0by Forbes (https:\/\/www.forbes.com\/sites\/tristanlouis\/2013\/08\/31\/how-much-is-a-user-worth\/?sh=4c7ab3181c51<\/u><\/a>\u00a0),\u00a0a million consumer users could\u00a0be estimated to value a company at\u00a0$120 Million dollars.\u00a0<\/p>\n

In that article Forbes found the average user to be worth $120.84, and the average revenue per user to be\u00a0$3.76. Pennexx estimates that this is an appropriate value for users that join YSO as a consumer.\u00a0However,\u00a0we believe\u00a0YSO\u2019s merchant users are much more valuable\u00a0on an individual basis. YSO has begun its subscription service at $25 per month and believes\u00a0that by offering merchants more than ten ways to grow their business, that cost is easily\u00a0justified by the merchant.<\/p>\n

Pennexx\u00a0states\u00a0that\u00a0a higher valuation of merchant users\u00a0is substantiated\u00a0because merchants are readily willing to pay\u00a0for client acquisition. According to\u00a0https:\/\/blog.flyingsaucer.nyc\/customer-acquisition-cost-by-industry<\/u><\/a>,\u00a0the cost for a restaurant to acquire a customer through Bing is approximately $26. Pennexx believes that it can greatly reduce client acquisition cost and therefore show a great value to the consumer.<\/p>\n

If these\u00a0forward-looking\u00a0estimates hold true and Pennexx achieves a million users, this would mean a tremendous growth possible for its shareholders.\u00a0We nevertheless caution the public to understand that these are forward looking statements that may not come to fruition if we do not achieve our goals of user growth.<\/p>\n

It is because of this valuation estimation that the CEO has a strategy to keep the company as \u201clean and mean\u201d as possible to keep dilution to a minimum.<\/p>\n

Toward that goal,\u00a0Pennexx has released its first\u00a0quarter\u00a0financial\u00a0report\u00a0which show its first revenue\u00a0since\u00a0entering\u00a0into the technology\u00a0sector. These earnings represent the first step of Pennexx growing\u00a0its commercial viability.<\/p>\n

This is a\u00a0significant\u00a0step because many companies do not transition to a sustainable revenue model and therefore\u00a0cannot remain viable without\u00a0significant\u00a0continued investment.<\/p>\n

Mr. Risalvato\u00a0said, \u201cI have spoken many times about the strategy of the company to grow organically\u00a0as much as possible. While it is a much harder road to keep a company lean and mean, it insures the company has the least dilution of its shareholder base\u00a0and is economically sound.\u201d<\/p>\n

He continued, \u201cMany people have long been involved in the dream of having a successful investment in Pennexx.\u00a0Some\u00a0have been involved since its meat packing days. They have told me that they have confidence in\u00a0me, the idea\u00a0and in those involved. I appreciate that confidence greatly and hope this first step into revenue shows my commitment to\u00a0this\u00a0strategy.\u201d<\/p>\n

Mature companies in this space include; Groupon.com, Coupons.com,\u00a0Rakuten, Inc.\u00a0<\/p>\n

According to Statista.com (https:\/\/www.statista.com\/statistics\/273226\/number-of-adult-digital-coupon-users-in-the-us\/<\/u><\/a>\u00a0) in 2021 there will be 145 million users using digital coupons in the United States.\u00a0<\/p>\n

Vincent said, \u201cI believe virtually\u00a0none of these\u00a0estimated\u00a0140 million digital coupons are being shared on social media. We have a tremendous opportunity to do something for merchants and consumers that hasn\u2019t been done before.\u00a0\u2018Redefine the distribution of coupons into social media offers shared between friends and families.\u2019\u201d<\/p>\n

Pennexx also has value outside of its\u00a0wholly owned subsidiary Your Social Offers (\u00a0https:\/\/yoursocialoffers.com<\/u><\/a>\u00a0).\u00a0Its other technologies such as its Cyber Security Dashboard,\u00a0Zicix\u2019s\u00a0https:\/\/zicixgroup.com<\/u><\/a>\u00a0 Smartphone Coupon app, Fintech Pre-Paid debit card app\u00a0and\u00a0Your Social Influencers\u00a0program\u00a0can have independent valuations, but have tremendous cross selling opportunity.<\/p>\n

Pennexx believes its ability to \u2018cross sell\u2019 to its users offers from multiple merchants for a low cost is what distinguishes the value of its users from the typical \u2018digital coupon\u2019 or \u2018digital reward or rebate\u2019 company\u00a0put valuations\u00a0into accordance with the Forbes\u00a0figures.<\/p>\n

Vincent Risalvato said, \u201cI believe Pennexx will see a tremendous growth in its user\u00a0base\u00a0and from this\u00a0Forbes data that it can translate into the success\u00a0many companies have achieved.\u00a0Because of the\u00a0startup stage of our company,\u00a0investors getting involved today are really at the ground floor.\u201d<\/p>\n

For More Information<\/p>\n

The best place to ask questions is openly on twitter @pennexx. This way they can answer them openly and publicly.<\/p>\n

Questions may also be emailed to\u00a0info@pennexx.net, many shareholders do get responses from the CEO directly when questions are emailed in. Some of them post those responses within the investor community.<\/p>\n

It is also recommended that people follow Mr. Risalvato on Twitter at\u00a0https:\/\/twitter.com\/vrisalvato<\/u><\/a>.<\/p>\n

About Pennexx Foods Inc.<\/p>\n

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,\u00a0BitGift\u2122, artificial intelligence, targeted marketing, and consumer rewards.<\/p>\n

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.<\/p>\n

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.<\/p>\n


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<\/div>\n","protected":false},"excerpt":{"rendered":"

Philadelphia, PA, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire\u00a0—\u00a0Pennexx has conducted\u00a0an\u00a0analysis that shows\u00a0the\u00a0potential\u00a0value of\u00a0gaining its first million user goal\u00a0on Your Social Offers (\u00a0https:\/\/yoursocialoffers.com\u00a0). Using figures\u00a0by Forbes (https:\/\/www.forbes.com\/sites\/tristanlouis\/2013\/08\/31\/how-much-is-a-user-worth\/?sh=4c7ab3181c51\u00a0),\u00a0a million consumer users could\u00a0be estimated to value a company at\u00a0$120 Million dollars.\u00a0 In that article Forbes found the average user to be worth $120.84, and the average revenue per user to be\u00a0$3.76. Pennexx estimates that this is an appropriate value for users that join YSO as a consumer.\u00a0However,\u00a0we believe\u00a0YSO\u2019s merchant users are much more valuable\u00a0on an individual basis. YSO has begun its subscription service at $25 per month and believes\u00a0that by offering merchants more than ten ways to grow their business, that cost is easily\u00a0justified by the merchant. Pennexx\u00a0states\u00a0that\u00a0a higher valuation of … <\/p>\n

Continue reading “Pennexx Releases its Quarterly Report Showing Revenue and Talks About the Potential Value of Users”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383167","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPennexx Releases its Quarterly Report Showing Revenue and Talks About the Potential Value of Users - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-releases-its-quarterly-report-showing-revenue-and-talks-about-the-potential-value-of-users\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennexx Releases its Quarterly Report Showing Revenue and Talks About the Potential Value of Users - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Philadelphia, PA, Nov. 17, 2020 (GLOBE NEWSWIRE) — via NewMediaWire\u00a0—\u00a0Pennexx has conducted\u00a0an\u00a0analysis that shows\u00a0the\u00a0potential\u00a0value of\u00a0gaining its first million user goal\u00a0on Your Social Offers (\u00a0https:\/\/yoursocialoffers.com\u00a0). Using figures\u00a0by Forbes (https:\/\/www.forbes.com\/sites\/tristanlouis\/2013\/08\/31\/how-much-is-a-user-worth\/?sh=4c7ab3181c51\u00a0),\u00a0a million consumer users could\u00a0be estimated to value a company at\u00a0$120 Million dollars.\u00a0 In that article Forbes found the average user to be worth $120.84, and the average revenue per user to be\u00a0$3.76. Pennexx estimates that this is an appropriate value for users that join YSO as a consumer.\u00a0However,\u00a0we believe\u00a0YSO\u2019s merchant users are much more valuable\u00a0on an individual basis. YSO has begun its subscription service at $25 per month and believes\u00a0that by offering merchants more than ten ways to grow their business, that cost is easily\u00a0justified by the merchant. 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Using figures\u00a0by Forbes (https:\/\/www.forbes.com\/sites\/tristanlouis\/2013\/08\/31\/how-much-is-a-user-worth\/?sh=4c7ab3181c51\u00a0),\u00a0a million consumer users could\u00a0be estimated to value a company at\u00a0$120 Million dollars.\u00a0 In that article Forbes found the average user to be worth $120.84, and the average revenue per user to be\u00a0$3.76. Pennexx estimates that this is an appropriate value for users that join YSO as a consumer.\u00a0However,\u00a0we believe\u00a0YSO\u2019s merchant users are much more valuable\u00a0on an individual basis. YSO has begun its subscription service at $25 per month and believes\u00a0that by offering merchants more than ten ways to grow their business, that cost is easily\u00a0justified by the merchant. 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