GlobeNewswire Inc | Feb 22, 2021 12:12PM EST

February 22, 2021

Philadelphia, PA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire--PENNEXX (PNNX),with patent attorney StephenJamesLewellyn,has filed a patenttoprotect thecompany'sintellectual property and raise the value of the company.

Outlined in this patent is the use of QR codesthat have become a well-knownandwell-understoodtechnology as they have come intoexcellentserviceduring the COVID pandemic.

According to Investopedia https://www.investopedia.com/articles/fundamental-analysis/09/valuing-patent.asp,"A patent is an exclusive right granted to an inventor for a fixed time period. A patent excludes others from making, using or selling the item in question for the duration of thepatent'slife."

This is important to Pennexx because it protects themfrom competitorsenteringthe market and duplicating the technology Pennexx has invented. Major companies patent their technologies and consider them an asset to the business.

This patent application entitled"Systems and Methods for Coupon Management and Redemption"covershowthe YourSocialOffers.com (YSO) system controls the management and redemption of coupons so that merchants can be assured that coupons are used appropriately. It includes a cryptographicapproachthatuses encrypted keys called private keys and public keys to createdigital fingerprintsknown as signatures.The system uses those signaturesto authenticate users.

This patent also outlines the method by which merchants can interact with theYSOsystem toaccept and redeem coupons, anessentialaspect of merchant confidence.

Vincent Risalvato, CEO of Pennexx,said,"Pennexxis poised to use these technologies to bring savings to millions of consumers and help merchants build their businesses."

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 emailinvestors@pennexx.net.

You may also follow them on Twitter; Joe Candito (@jcandito) https://twitter.com/jcandito,Ms. Sunny Sweet (@sunnysweettweet) https://twitter.com/sunnysweettweetand 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 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 acompany'sannual report.

For additional information, you may also visit our website at https://yoursocialoffers.comor https://pennexx.netor call 866-928-6409. Please follow us on Twitter @Pennexx.