Pennexx Reports It Has Doubled Its Revenue for the Fourth Quarter 2020

CLEARWATER, Fla. - Dec. 17, 2020 - PRLog -- This news represents a significant milestone for the company regarding its continuous commitment to increasing shareholder value, increasing its revenue, and building a strong foundation for its business.

Fourth quarter revenue has approximately doubled in comparison to the third quarter. Pennexx has opened the door to the possibility of a significant revenue increase for 2021.

Vincent Risalvato, CEO of Pennexx, said, "We are feeling optimistic to see this rapid growth and revenue this quarter. I attribute Pennexx's growth to our hard-working team who are diligent and dedicated to the health of Pennexx, YSO, and its shareholders."

Pennexx's revenues are earmarked for paying expenses, building YSO technology and its brand.

Pennexx's primary financial goal is to catapult it to a social media marketing success. Joe Candito, President of Pennexx, said, "Pennexx has a diverse number of ways they can collect revenue. Our team is building those revenue streams and building a sales team through partnerships and commission-based agreements. Our aggressive commission structure is attractive for partners with a proven track record of sales growth."

Pennexx's revenue streams include subscription fees, commission on influencer sales, a percentage of discount offers, advertising fees, development fees, as well as others.

Vincent Risalvato says, "We are in a growth stage, hoping to quickly transition to a point as soon as next year where we may see an ROE and possibly a dividend to our shareholders. Earning money for our shareholders is one of our goals for the company, and I believe it is very achievable."

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
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