Pennexx Foods Inc (PNNX)

[Warchest]

About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly owned subsidiaries is a holding company within the Software/Internet Industry that is focused on social media, prepaid debit cards, crypto currency, artificial intelligence, targeted marketing and consumer rewards.

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.

We are testing and on track for the launch of our first product next week. We will also be submitting the first of our provisional patents and launching updated websites next week. Once launched we will share a video of YSO in action!

— Pennexx Foods Inc (@pennexx) January 23, 2020

Vincent Risalvato computer scientist who created and sold a company to Paul Allen, the co-founder of Microsoft.

https://www.linkedin.com/in/vincejr

http://www.designcreations4u.com/portfolio/html/digisol/vincent_risalvato.html





Capital World Investors is deemed to be the beneficial owner

Alan Berro - Senior Vice President
Capital World Investors

$1.4 trillion Los Angeles-based investment manager

Top holdings of its Capital World Investors unit include Microsoft Corp , Amazon Inc and Home Depot Inc


https://www.linkedin.com/in/alan-berro-1b02a5b


https://www.linkedin.com/company/capital-group?trk=public_profile_topcard_current_company



Alan Berro of the Capital Group is the best individual fund manager, Fidelity Investments the best fund management group and Merrill Lynch the best source of broker research, according to large-cap corporations responding to Reuters’ annual survey on investment research, sales and trading. The survey was conducted over three months. According to fund management groups surveyed, the best broker research comes from Morgan Stanley Dean Witter, the best broker sales group and the best broker execution are at Salomon Smith Barney, and the best sector research team is the electrical equipment team at Morgan Stanley Dean Witter. The survey included 315 of the 500 largest corporations and 71 of the 150 largest institutional investors in U.S. large-cap equities.

https://www.pionline.com/article/19990719/ONLINE/907190704/alan-berro-of-the-capital-group-is-the-best-individual-fund-manager




On October 15, 2019,
Pennexx Foods, Inc. acquired Triple 888’s Logistics Inc., a New York Corporation, as a wholly owned subsidiary, and any and all of its intellectual property for BitGift, its trademark (“Bit Gift”) as well as the domain name bitgiftme.com. BitGift is an open loop prepaid gift card which can be redeemed for an equivalent value in Crypto Currency or used for real time redemption in fiat currency at any merchant in the world that accepts MasterCard. The value of the crypto currency will always be at the market rate at the time of conversion. Registered BitGift cards may be reloaded on line and in stores.

“We anticipate significant revenues will be generated from sales as well as usage of BitGift. We project selling a minimum of 5 to 10 million BitGift cards annually. The company has upcoming contract negotiations with one of the world’s leading cryptocurrency exchange companies which has more than $50 Billion in transactions over the past 12 months as of May 2019.




Nov. 06, 2019
Pennexx’ wholly owned subsidiary “Your Social Offers” has entered into an agreement with Vista Money (https://vistamoney.com/) to issue open and closed loop prepaid debit cards which will enable the company to launch its branded pre-paid plastic and virtual debit cards. In addition, the contract permits “Your Social Offers” access to Vista Money’s payment platform worldwide.

“Your Social Offers” owns the worldwide licensing and distribution rights through Vista Money for all its products and platforms to include its Artificial Intelligence Data Collection and Aggregation System.




Jan. 08, 2020

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.