March  14, 2020

Pennexx and YSO History

How Your Social Offers (YSO) Came to be

Your Social Offers was the born of the need of a fast food restaurant franchisee to market his business efficiently. He wanted to tap into the power of social media because of the belief that word of mouth advertising is the best advertising.

He contacted our CEO, Vincent Risalvato and outlined his desire to create a rewards program by posting and sharing on social media.

From that need YSO was born.

YSO's Humble Beginnings

Our CEO began development of this revolutionary product. He realized that this product was desirable on a macro market level. This meant that everyone from consumers to merchants to enterprise CEO would be interested in the YSO product.

How YSO Came to be Acquired by Pennexx

When the scope of the potential market for YSO became recognized the founders began searching for an investor. Because the founders of the company have a network of partnerships through their various successes, this lead to the introduction of YSO to the previous CEO of Pennexx. YSO's founders recognized that being acquired by a public company would jump start the project and create an opportunity to get to market much more quickly than a more traditional private route. It was also recognized that there was already a significant benefit to Pennexx's existing connections.

Why Did Pennexx Redefine its Business

Pennexx's board decided that by redefining itself and entering the technology market, shareholder value could be maximized.

Pennexx was originally in the meat processing industry. To process meat, large expensive facilities and risks are common. Profitability is also often limited because of the inherently competitive nature of this business.

 

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Safe Harbor Statement: This web page and any information referred or attached to herein may contain predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially or be incorrect. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. There are a number of important factors that could cause the company's actual results, estimates or success to differ materially from those indicated by the forward-looking statements. The company disclaims any obligation to update any forward-looking statement.

 

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This site, links and documents herein may contain predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially or be incorrect. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. There are a number of important factors that could cause the company's actual results, estimates or success to differ materially from those indicated by the forward looking statements. The company disclaims any obligation to update any forward looking statement.

 

 

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