Pennexx Releases its Quarterly Report Showing Revenue and Talks About the Potential Value of Users
Philadelphia, PA, Nov. 17, 2020 (GLOBE NEWSWIRE) -- -- Pennexx has conducted an analysis that shows the potential value of gaining its first million user goal on Your Social Offers ( ).
Using figures by Forbes ( ), a million consumer users could be estimated to value a company at $120 Million dollars.
In that article Forbes found the average user to be worth $120.84, and the average revenue per user to be $3.76. Pennexx estimates that this is an appropriate value for users that join YSO as a consumer. However, we believe YSO’s merchant users are much more valuable on an individual basis. YSO has begun its subscription service at $25 per month and believes that by offering merchants more than ten ways to grow their business, that cost is easily justified by the merchant.
Pennexx states that a higher valuation of merchant users is substantiated because merchants are readily willing to pay for client acquisition. According to , the 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.
If these forward-looking estimates hold true and Pennexx achieves a million users, this would mean a tremendous growth possible for its shareholders. We 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.
It is because of this valuation estimation that the CEO has a strategy to keep the company as “lean and mean” as possible to keep dilution to a minimum.
Toward that goal, Pennexx has released its first quarter financial report which show its first revenue since entering into the technology sector. These earnings represent the first step of Pennexx growing its commercial viability.
This is a significant step because many companies do not transition to a sustainable revenue model and therefore cannot remain viable without significant continued investment.
Mr. Risalvato said, “I have spoken many times about the strategy of the company to grow organically as 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 and is economically sound.”
He continued, “Many people have long been involved in the dream of having a successful investment in Pennexx. Some have been involved since its meat packing days. They have told me that they have confidence in me, the idea and in those involved. I appreciate that confidence greatly and hope this first step into revenue shows my commitment to this strategy.”
Mature companies in this space include; Groupon.com, Coupons.com, Rakuten, Inc.
According to Statista.com ( ) in 2021 there will be 145 million users using digital coupons in the United States.
Vincent said, “I believe virtually none of these estimated 140 million digital coupons are being shared on social media. We have a tremendous opportunity to do something for merchants and consumers that hasn’t been done before. ‘Redefine the distribution of coupons into social media offers shared between friends and families.’”
Pennexx also has value outside of its wholly owned subsidiary Your Social Offers ( ). Its other technologies such as its Cyber Security Dashboard, Zicix’s Smartphone Coupon app, Fintech Pre-Paid debit card app and Your Social Influencers program can have independent valuations, but have tremendous cross selling opportunity.
Pennexx believes its ability to ‘cross sell’ to its users offers from multiple merchants for a low cost is what distinguishes the value of its users from the typical ‘digital coupon’ or ‘digital reward or rebate’ company put valuations into accordance with the Forbes figures.
Vincent Risalvato said, “I believe Pennexx will see a tremendous growth in its user base and from this Forbes data that it can translate into the success many companies have achieved. Because of the startup stage of our company, investors getting involved today are really at the ground floor.”
For More Information
The best place to ask questions is openly on twitter @pennexx. This way they can answer them openly and publicly.
Questions may also be emailed to , many shareholders do get responses from the CEO directly when questions are emailed in. Some of them post those responses within the investor community.
It is also recommended that people follow Mr. Risalvato on Twitter at .
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 or or call 866-928-6409. Please follow us on Twitter @Pennexx.
