Company’s Entry Into Lucrative Payment Processing Market Will Also Bring Company Immediate Additional Revenues and New Clients, as Companies Will Cross Sell Each Other’s Products and Services to Include YSO’s Branded Debit Card
Philadelphia, PA, March 30, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Pennexx (OTC: PNNX), a company that Makes Social Media Simple by acting as the social media guide for non-tech savvy merchants, enabling them to acquire new customers and generate increased revenues utilizing the Company’s proprietary technologies to unleash the power of “word-of-mouth” Social Media for their clients’ businesses, today announced that it has, via its wholly owned subsidiary YourSocialOffers.com, entered into an agreement with Hybrid Business Solutions to sell and market each other’s products. This agreement includes merchants, e-commerce businesses, nonprofit organizations, the service industry, professional businesses, government, and schools worldwide.
“Pennexx’s vision for YSO has always been in part to grow the company through joint marketing agreements with large companies like Hybrid. This market strategy concept introduces YSO immediately to thousands upon thousands of potential customers that Hybrid is already serving,” said Company President, Joseph Candito.
In today’s competitive business environment, organizations have to differentiate themselves to compete in the open market aggressively. YSO will allow Hybrid Payment to offer value-added services to their customers by bundling YSO technology into their product line, giving them the advantage of competing against other companies.
Hybrid Business Solutions (http://www.hybridpayments.com) is proud to be one of the “fastest-growing business solutions companies in the industry.” Hybrid specializes in the synergy of technology and strategic business insight. Hybrid Business Solutions helps business owners achieve their current goals and confidently set bigger ones and believe that merchants are trying valiantly to serve their tech-savvy, mobile-driven customer base as effectively as possible. Customers are looking for the right deal at the right time and are expecting your business to accept the payment they want to offer. Hybrid’s business strategists’ team has an extraordinary depth of understanding about customers and their payment habits and inclinations.
Mr. Candito added, “Last week we announced that we had entered into an agreement with MaozUSA.com, that gave us a foothold in the $239 Billion Quick-Serve Restaurant (QSR) Market and now, today we are announcing our joint venture with one of the fastest growing companies in the global payments processing market which is expected to grow from $74.4 billion in 2020 to $120.7 billion by 2025.
“The growth of the payment processing solutions market is attributed to several factors, such as increasing eCommerce sales along with growing internet penetration, embracing contactless payments globally, and evolving customer expectations.
“These transactions, and hopefully more to come, with players in growing markets, should substantially increase our customers’ clientele and generate increased revenues for them, thereby increasing ours at the same time, and can bring a higher equity value for our shareholders… but it also demonstrates that we have a unique product for payment processors because processers have a hard time demonstrating and differentiating themselves against their competitors, and YSO gives them a unique offering that can set them apart from their competition.”
For More Information
Pennexx will do their best to openly and publicly answer your questions and concerns via social media on Twitter https://twitter.com/pennexx @pennexx, or you may email [email protected].
You may also follow them on Twitter;
Ms. Sunny Sweet (@sunnysweettweet) https://twitter.com/sunnysweettweet,
Mr. Risalvato (@vrisalvato) https://twitter.com/vrisalvato and
Joe Candito (@jcandito) https://twitter.com/jcandito.
About Pennexx Foods Inc.
About Pennexx Foods Inc. (PNNX: OTCMKTS US). 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.
About YourSocialOffers.com (YSO)
YSO, is a wholly owned subsidiary of Pennexx. YSO is our proprietary technology that greatly reduces (if not eliminates) our client companies cash outlays for advertising. YSO providesdigital word-of-mouth recommendations from a person to their followers and friends on social media. Word-of-mouth referrals are the best type of referrals. It’s not a paid social media advertisement. Our merchants reach new customers through social media without a dollar spent on getting their message out. The merchant only pays for advertising when it works by discounting their products or services when a customer accepts the offers that they share. Their objective is to ask: “Why pay for advertising unless it actually works?”
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 as a result of various factors, and other risks identified in a company’s annual report.
For additional information, you may also visit our website at https://yoursocialoffers.com or https://pennexx.net or call 866-928-6409. Please follow us on Twitter @Pennexx.
https://www.statista.com/statistics/196614/revenue-of-the-us-fast-food-restaurant-industry-since-2002/ The booming quick service restaurant (QSR) industry in the United States generated a revenue of 239 billion U.S. dollars in 2020.
https://www.marketsandmarkets.com/Market-Reports/payment-processing-solutions-market-751866.html
