Pennexx Foods Inc (PNNX)

[stervc]

PNNX vs Plaid...

Source: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153336073

Plaid acquired Quovo for an undisclosed amount and then later Visa acquired Plaid for $5.3 Billion. Plaid develops financial services APIs. Plaid demonstrated its technology at FinDEVr Silicon Valley to show how its API for Financial Infrastructures enabled developers to leverage data quickly, efficiently, and securely power fintech applications.

What they are doing is something similar to what PNNX has the capability to do through its wholly owned subsidiary, Your Social Offers (YSO), but Plaid is not US based. PNNX/YSO is US based as it will operate within the US and abroad.

Plaid’s technology connects consumers with their apps and services through an $8 Billion company called Transferwise. PNNX is using VistaMoney and some undisclosed help after doing some further research that I think will later be revealed. Per the 8-K that was previously released by PNNX:

https://www.otcmarkets.com/filing/html?id=13677639&guid=h5_SUaOswTECR3h
Item 2.01 Completion of Acquisition or Disposition of Assets.

Pennexx Foods, Inc. has completed the acquisition of Your Social Offers (“YSO”) from Candito Management Group, Inc. The YSO app will have specific functionality that can be expanded to adapt to 3rd party venders utilizing a universal API integration. The purpose of the app and a backend data management system to track users social sharing information. In addition to the pre-paid Master Card, universal gift cards, loyalty and rewards program, the users will be able to utilize this system to choose from a list of categorized coupons and add them to a shopping list. This list will then be used at check out to redeem the coupons in other 3rd party upon launch. As we develop and roll out the app to future clients there will be a list of stores and locations near the user based on GPS data from the phone. There will be a section for the user to take a picture of the receipt to keep for returns and tracking of coupons. The app will also have a user login and profile section. Here the user's information will be stored and used for saving preferences and data collection. The app will be available for iOS and Android devices. The server-side application will be written in PHP and will manage the input of the coupons in the system as well as the users. There will be app analytics and users' stats available for quick view on the dashboard of this application.

v/r
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