Philadelphia, PA - (NewMediaWire) - November 6, 2019 - CORRECTION- Pennexx’ wholly owned subsidiary “Your Social Offers” has entered into an agreement with Vista Money (https://vistamoney.com/) to issue open and closed loop prepaid debit cards which will enable the company to launch its branded pre-paid plastic and virtual debit cards. In addition, the contract permits “Your Social Offers” access to Vista Money’s payment platform worldwide.
Pennexx (“PNNX” or “the company”) will generate revenues from “Your Social Offers” via a standard monthly fee of six dollars per card from each consumer, a fee from companies to be onboarded to our program as well as a percentage of monies flowing through at the time of each transaction generated. PNNX will also assist its partners by utilizing the data obtained from consumer purchases to engage in targeted marketing through the use of its artificial intelligence technology.
“PNNX is the most exciting company I have ever been involved with and this debit card agreement unleashes a new, disruptive technology that allows “Your Social Offers” to integrate our system with real money rewards,” said Vincent Risalvato, Chief Technical Officer of PNNX. Mr. Risalvato continued, “It enables our clients’ consumers to have direct money access with a digital wallet and physical debit cards usable anywhere, as well as the collection of data from those transactions for use in targeted marketing by our clients.”
“Your Social Offers” owns the worldwide licensing and distribution rights through Vista Money for all its products and platforms to include its Artificial Intelligence Data Collection and Aggregation System.
“While it is estimated that over one billion people worldwide, including 40 million Americans, do not have access to bank accounts, “Your Social Offers” clearly provides the solution for those consumers and we believe we can capture at least one percent of that market on a monthly recurring basis,” said Alexander Cook, President of PNNX.
Further updates from PNNX will be forthcoming.
About Pennexx Corporation (PNNX: OTCMKTS US). Pennexx, through its wholly owned subsidiaries Your Social Offers and Triple 888 Logistics Inc., is a holding company within the Software/Internet Industry that is focused on prepaid debit and credit cards and utilizing artificial intelligence to gather information for targeted marketing.
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For additional information, visit our website at www.Pennexx.net or call 866-928-6409. We are also on Twitter @Pennexx.