Pennexx Foods, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Vincent Risalvato
- Full Time Employees
- 269
- Sector
- Technology
- Industry
- Software - Application
- Address
- 5501 Tabor Avenue Philadelphia PA United States of America 19120
- IPO Date
- Jan 8, 2021
- CIK
- 0001127395
- Website
- pennexx.net
- Similar Companies
- Business
- Pennexx Foods, Inc. is a food packaging company specializing in the preparation of case-ready meat products for distribution to food retailers primarily in the central and northeastern United States. The company cuts, packages, processes, and delivers case-ready beef, pork, lamb, and veal, enabling retailers to stock meat products directly in their cases without further processing, packaging, or labeling. Pennexx serves approximately 900 retail locations including supermarket and price club chains and utilizes independent trucking fleets for product delivery. Founded in 1999, the company is headquartered in Philadelphia, Pennsylvania. Recently, Pennexx Foods has expanded its business focus beyond meat packaging into technology and digital marketing solutions. The company announced strategic partnerships and joint marketing arrangements with firms such as ITouchNetwork and ITouchOrlando, integrating digital advertising platforms with its proprietary 4.0 Wallet technology. Additionally, Pennexx is actively developing and expanding a universal loyalty and rewards program called YourSocialOffers.com (YSO), which includes branded debit cards now available to consumers, aimed at generating revenue through consumer engagement without relying on cryptocurrency technologies. Operating at the intersection of packaged foods and software/technology sectors, Pennexx Foods balances its traditional meat processing business with innovative software solutions related to discount shopping, merchant dashboards, coupon issuance, and rewards programs. The company competes with major meat processing entities like Excel, a subsidiary of Cargill, while also leveraging technology for business diversification. Its headquarters remain in Philadelphia, Pennsylvania, with operations focused in the U.S. market. The CEO is Vincent Risalvato, who oversees these dual facets of the company's evolving business model.
Pennexx's Your Social Offers Savings App Has Been Submitted to Apple App Store For Review
Pennexx Has Entered Into Agreements With Its Shareholders To Mitigate Dilution And Create Two New Classes Of Shares
Pennexx's Your Social Offers Has Licensed 106 Zip Codes Including 3 Million People, and Kickstarts Its Key Growth Strategy
PENNEXX Begins Beta Testing of its Your Social Offers Smartphone App in Apple TestFlight and on Android
Pennexx Begins New 'By Zip Code' Licensing Model to Accelerate Growth of its YourSocialOffers.com Merchant Marketing Website
Pennexx Has Made Board Member Changes Replacing Sunny Sweet with Debra Pomerantz and Joseph Caruso with Scott Matthews
Pennexx's CEO Vincent Risalvato Interviewed with The Wall Street Analyzer
Emerging Markets Report: On the Bright Side
Pennexx Had its Second Straight Quarter of Profitability and a Breakout Performance is Expected in the Second Half of the Year
Pennexx Adds the Past President of Kentucky Fried Chicken, KFC, Jeffrey Moody to its Advisory Board
Goodyear, Carrabbas, Outback and PF Changs Discounts Added to the Already Wide Variety of Household Brand Names on the Your Social Offers Savings Destination Site
Pennexx Launches Its Enhanced Savings Website with Major Brands Such as Macy's, Home Depot, Burger King, Amazon, and Many Others
Pennexx Retains Emerging Markets Consulting LLC for Investor Relations, National Marketing, and Advisory Services
Emerging Markets Report: Action Items
Pennexx to be Introduced to More Than 100 Million National TV Viewers Across Networks Such as Fox News, Bloomberg, American Agenda and Others Through Interviews With Jane King
Pennexx's New Graphics Team Has Launched Its First New Website: Pennexx.net
Pennexx Has Produced a New Promotional Video, is Providing its Shareholders Progress Updates Regarding Its First Quarter Profits, Debit Cards, Website Evolution, Audit, and EDGAR Filings
Pennexx Has Added 740 Million LinkedIn Users to the Reach of Its Your Social Offers Platform
Pennexx Has Entered Into a Joint Marketing Agreement With One of the Fastest Growing Business Solutions Companies in the $74 Billion Worldwide Payment Processing Market, Hybrid Business Solutions
Pennexx Introduces Worldwide Quick-Serve Restaurant Franchise Group MaozUSA.com to its YourSocialOffers.com Platform