PENNEXX Submitted Patent Application

Philadelphia, PA, Jan. 07, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Pennexx Foods Inc. (PNNX) announces it is working toward renaming itself to Pennexx Technologies Inc.

It is felt Pennexx Technologies Inc. is more befitting a technology company able to serve a multitude of industries.  Adding the word “Technology”, while eliminating the word “Food” represents our distinction, our identity and our passion as a technology industry.

Pennexx Foods Inc. acquired (YSO), a rapidly growing social media marketing platform, and has successfully transformed itself into a technology company with ongoing revenue and unmatched technology. states the five most important reasons for choosing a business name for success are: 1. It sets the scene, 2. It informs your market, 3. It defines your business, 4. It helps direct your business, and 5. It motivates you as a company.

Pennexx’s mission statement is; “To empower businesses with unique and affordable solutions, consumers with ubiquitous shopping options, and philanthropic opportunities for all.”

The process of renaming the company will include completing the necessary steps to gain approval from regulators, industry watchdogs and the OTC Market. This includes approval from the State of Pennsylvania, FINRA, and the SEC. It is unknown the amount of time that it will take to complete the name change process.

Vincent Risalvato, CEO of Pennexx, said, “The company has an exciting future ahead and while the name doesn’t make the company, I feel it is symbolic that we are changing the name and doing so many great things in 2021.”

For More Information

Pennexx will do their best to openly and publicly answer your questions and concerns via social media on Twitter @pennexx or you may email

You may also follow them on Twitter; Ms. Sunny Sweet (@sunnysweettweet) , and Joe Candito (@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.

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 or or call 866-928-6409. Please follow us on Twitter @Pennexx.

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