PENNEXX expects profits for the first quarter of this year
Philadelphia, PA, Jan. 28, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – PENNEXX (PNNX) has received sufficient income to cover all expenses for the first quarter and generate a remaining profit. Most of the revenue comes from the multi-million dollar bundling contract the company signed with an OEM device manufacturer for its https://YourSocialOffers.com (YSO) platform in the fourth quarter of 2020. These revenues are expected to fully cover the company’s budgetary costs. It includes future payments that have been calculated to keep the company profitable throughout 2021 and through 2022. The company’s management advises that it expects the contract execution, in addition to this initial bundling agreement, to generate additional revenue through Pennexx’s other revenue models, including direct sales, subscriptions, revenue sharing and marketing revenues. These additional revenues could exceed the bundling revenues of the agreement by several million dollars. This is the first in a series of deals the company is working on. Every sale increases the company’s ability to grow faster and more efficiently. Vincent Risalvato, Pennexx CEO, said, « Our sales growth has significantly exceeded my original sales forecast. » The company’s strategy is to become a billion dollar marketing conglomerate helping merchants, manufacturers, and services find new customers while saving consumers money. Their social offerings are a product that appeals to businesses and consumers alike. Joe Candito, President of Pennexx, said, « Our vision has come true and we pride ourselves on being profitable. We don’t just want to be profitable, we want to deliver in a big way and add value to shareholders Like. « and become a household name. » Learn More Pennexx tries to answer your questions and concerns openly and publicly through social media on Twitter https://twitter.com/pennexx @pennexx. You can also send an email to firstname.lastname@example.org. You could also follow them on Twitter; Joe Candito (@jcandito) https://twitter.com/jcandito, Ms. Sunny Sweet (@sunnysweettweet) https://twitter.com/sunnysweettweet and Mr. Risalvato (@vrisalvato) https://twitter.com/vrisalvato. About Pennexx Foods Inc. About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly owned subsidiaries, is a holding company in the software / internet industry focused on social media, prepaid debit cards, BitGift ™, artificial intelligence, targeted marketing and customer rewards. Safe Harbor Act: This press release may contain « forward-looking statements » within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made in accordance with the Safe Harbor Act -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 », « anticipated », « draft », « eventually » or « projected. » You are cautioned that such statements are subject to a variety of risks and uncertainties that could lead to that future circumstances, events or results differ materially from those projected in the forward-looking statements, including the risks that d The actual results differ materially from those forecast in the forward-looking statements due to various factors Factors and other risks identified in a company’s annual report. For more information, please visit our website at https://yoursocialoffers.com or https://pennexx.net or call 866-928-6409. Please follow us on Twitter @Pennexx.
Will GameStop shares continue to rise?
GameStop trading attracts government regulator attention that GameStop stocks rose 685% in 2021 alone, a surge that made Wall Street analysts scratch their heads. Experts point to speculative option activity, exuberance in the WallStreetBets forum on Reddit and the stock’s sky-high short interest.
How much has GameStop stock risen?
The result: GameStop stock surged more than 822% from $ 17.25 at the start of the year to a high of $ 159.18 on Monday.
Can you buy GameStop stock?
Find the stock by name or ticker symbol: GME. Research the history to confirm it is a solid investment against your financial goals. Buy now or later. Buy with a market order today or use a limit order to delay your purchase until GameStop reaches your desired price.
What happened to AMC stock?
AMC Entertainment (NYSE: AMC) shares rose 12.2% during regular market hours on Tuesday before rising another 50% in after-hours trading. CEO Adam Aron said the money would allow AMC to fund its operations « deep into 2021 ». AMC Entertainment’s recent profits accelerated late Tuesday.
How much is GameStop worth?
GameStop, a once dormant brick-and-mortar retailer with plummeting sales, was valued at $ 300 million as of August 2019. Today GameStop has a market capitalization of nearly $ 20 billion.
How much did short sellers lose on GameStop?
Research firm S3 calculates that short sellers have lost $ 5 billion on GameStop so far this year.
Why did GameStop shares rise?
GameStop’s stock surge began for a legitimate reason: The company announced on Jan. 11 that it had added three new directors to its board, including Chewy co-founder Ryan Cohen.
Is GameStop stock illegal?
It’s not illegal per se At first glance, the GameStop surge seems like a classic pump-and-dump system, where a group of people work together to exaggerate a stock, artificially increase its share price, and then at a profit for sale.
GameStop is dying?
Unfortunately for GameStop, the rise of digital gaming has caused it to lose significant business to the point where its stocks have fallen, and according to a new report, it’s almost certainly dying.
Does GameStop pay cash?
Cash. If you’ve ever traded a game at GameStop (or most other places), you’ve likely received two offers: one for the amount of money you would get for the game and one for the balance in the store. … GameStop accepts trade-ins for games, consoles, accessories, and even electronics like phones, tablets, and smart home devices.