ShiftPixy, Inc. (NASDAQ: PIXY)

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ShiftPixy’s Expertise in PPP Loans and CARES Act Benefits Ensures Positive Outcomes for Clients

Company’s deep compliance and labor law experience prevents damaging missteps

 

Irvine, CA –  May 28, 2020 – ShiftPixy, Inc.  (NASDAQ: PIXY), a California-based gig engagement platform provider today outlined, as part of its Restaurant Resilience Plan, how the Company’s compliance and labor law knowledge is helping client restaurant operators navigate the complex web of new regulations attached to Paycheck Protection Program (PPP) loans and other CARES Act benefits.

 

“PPP loans were a huge step in the right direction for restaurant operators – but improper reporting and handling could void the promised forgiveness small business owners are counting on, leaving them with potentially huge problems post COVID-19,” said ShiftPixy co-founder and CEO Scott W. Absher. “In order to help hundreds of our restaurant operator clients prepare and navigate these programs correctly, our team has become experts in these programs and their parameters, as an extension of our Restaurant Resilience Plan. We will be there to support our clients throughout and after this trying time.”

 

The PPP provides loans designed to provide an incentive for small businesses to keep workers on their payroll. The U.S. Small Business Administration will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

 

With ShiftPixy’s help, restaurant operators can focus on keeping their business running instead of getting bogged down with paperwork and complex legal hurdles. The Company’s unique gig engagement platform empowers restaurant operators to take full advantage of their human capital with powerful functionality to handle payroll, compliance and native delivery.

 

Any customer of a ShiftPixy partner can sign up for one of the Company’s weekly webinars hosted by co-founder Steve Holmes, at https://shiftpixy.com/webinar-covid19/.

 

About ShiftPixy

ShiftPixy (PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

 

ShiftPixy Cautionary Statement

The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets. Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD. Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings. Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:

Amy Wang

[email protected]

(949) 245-7291

 

Source:  ShiftPixy, Inc.

The Ick Factor: Why Restaurant Brands Need to Think Ahead

Use of third-party delivery sparks concern, highlights importance of native delivery

 

Irvine, CA – May 21, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced a new initiative as part of its Restaurant Resilience Plan, to help restaurants reclaim their brand and customer relationships via native delivery amid COVID-19. Consumers now have a heightened sensitivity regarding the safety of their food, and higher standards for the personnel delivering it. ShiftPixy’s native delivery solution enables restaurants to repurpose their own, food safety trained staff to facilitate deliveries, reclaim their brand and forgo their reliance on third-party platforms.

 

Today, many restaurants are reliant on third-party delivery partners, but the COVID-19 pandemic has sparked concern for multi-unit franchises and the brands they operate under, leading them to reevaluate who is managing their customer relationships. For operators now relying largely on off-premise orders, it’s more vital than ever for vetted employees, trained in social distancing standards and sanitation procedures, to deliver food to the end consumer.

 

“Through our ongoing conversations with leaders in the fast food industry, we’ve heard growing concern about who is bringing the consumers their food, and whether they are properly trained to represent the brand, particularly during the COVID-19 pandemic,” said ShiftPixy co-founder and CEO, Scott Absher. “Ultimately, it’s in the restaurant’s best interest, as well as the customer’s, for uniformed food safety trained employees of the brand itself to facilitate last-mile delivery.”

 

The coronavirus has affirmed the importance of native delivery, not only for the sake of restaurant operators’ profits, but in order for them to deliver a safe and superior customer experience and keep their staff employed during these difficult times. This reality is what inspired ShiftPixy’s Restaurant Resilience Plan.

 

ShiftPixy’s turn-key, end-to-end native delivery solution is available now to help restaurant operators repurpose their existing staff for deliveries, as well as establish a white-label online presence, eliminating all necessary reliance on third-party delivery partners. Ultimately, this approach to human capital, customer engagement and delivery will help restaurants retake control of their brand.

 

Any customer of a ShiftPixy partner can sign up for one of the Company’s weekly webinars hosted by co-founder Steve Holmes, at https://shiftpixy.com/webinar-covid19/.

 

About ShiftPixy

 

ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. Learn more at www.shiftpixy.com.

 

ShiftPixy Cautionary Statement

The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make.  The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets.  Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited.  The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.  The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings.

 

Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:

Amy Wang

[email protected]

(949) 245-7291

 

Source: ShiftPixy, Inc.

Del Taco Franchisee Partners with ShiftPixy to Combat COVID-19

Implements the ShiftPixy platform across 11 Del Taco restaurant locations

 

IRVINE, CA – May 14, 2020 – ShiftPixy (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced a partnership with Diamondback DTNM, LLC (DBA Del Taco), operator of 11 Del Taco restaurants in the Albuquerque, NM area, to comprehensively implement ShiftPixy’s disruptive platform across all locations in the face of the Coronavirus pandemic. The Del Taco franchisee is leveraging ShiftPixy’s end-to-end platform for human capital management and native delivery.

 

“The upheaval from COVID-19 has forced restaurants to re-think their approach to customers, employees and third-party alliances.  The folks at Diamondback understood that ShiftPixy was uniquely positioned to help solve critical issues forced on operators but also as leverage to thrive beyond the current crisis,” said Scott Absher, CEO and co-founder of ShiftPixy. “With the ShiftPixy platform, John Bissell and his team were able to quickly and effectively revamp their infrastructure to deploy native delivery, allowing them to focus on delivering a great food experience while also keeping the commissions they were losing and better engaging with their customers.”

 

With restaurants across the country facing unparalleled obstacles and forced to dramatically adapt, ShiftPixy recently announced its Restaurant Resilience Plan to give operators access to technology and services vital to their survival and ideal for once business reopens.

 

“We were already dissatisfied with our legacy providers, and like many other restaurant operators, the pandemic forced us to make integral choices quickly. ShiftPixy offered us the perfect mix of control and services to weather the storm,” said John Bissell, VP and COO of Diamondback. “We’ve saved significant time and capital and have elevated employee engagement. The native delivery solution, which we think is simply amazing, has allowed us to access customers we would not have otherwise reached while maintaining control of our brand.”

 

Once the largest Denny’s franchisee with 94 stores in their system, Dennis Ekstrom, former COO of QT and now CEO & President and John’s partner at Diamondback added, “ShiftPixy’s first to market solution is solving major human capital and customer engagement challenges in the restaurant industry.  Leadership across the restaurant industry should make this brave and smart move now, to not just survive today but to maximize their unit economics once the current crisis passes.”

 

Any restaurant interested in learning about how ShiftPixy is helping operators weather the pandemic can sign up for one of the Company’s weekly webinars hosted by co-founder Steve Holmes, at https://shiftpixy.com/webinar-covid19/

 

About ShiftPixy

 

ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. Learn more at www.shiftpixy.com.

 

ShiftPixy Cautionary Statement

 

The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make.  The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets.  Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited.  The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.  The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings.

 

Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:

Amy Wang

[email protected]

(949) 245-7291

 

SOURCE:  ShiftPixy

ShiftPixy Launches Comprehensive ‘Restaurant Resilience Plan’ to Support Restaurants through COVID-19 Pandemic

Irvine, CA – May 12, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced a new, organization-wide effort, called the “Restaurant Resilience Plan,” that is composed of product, operational, marketing and communication initiatives designed intently to support and catalyze restaurants across the U.S. to weather the current Coronavirus pandemic. Furthermore, the Restaurant Resilience Plan is devised to help restaurant operators leverage technology solutions to implement an infrastructure that allows for flexibility and maximization of employees, both during the pandemic and as businesses begin returning to normal operations.

 

“As a partner to restaurants across the country, we recognized the opportunity to support operators and their employees in their tireless and valiant effort to navigate the obstacles the current pandemic presents through this company-wide effort,” said Scott Absher, CEO and co-founder of ShiftPixy. “Just like our platform is designed for end-to-end engagement, the Restaurant Resilience Plan is our way of providing restaurants with the technology, services and support that they need both now and in the future.”

 

With its revolutionary platform, ShiftPixy offers restaurants the human capital management solutions to agilely deploy employee resources most effectively across digital ordering and native delivery, so they no longer have to sacrifice revenue to third-party services.

 

“We’re uniquely positioned to empower restaurants, so we feel it’s our duty to offer the Restaurant Resilience Plan so that restaurants can focus on their business of offering the best food experience,” concluded Absher.

 

The Restaurant Resilience Plan launched today and the company will be announcing additional initiatives and services in the coming days and weeks.

 

About ShiftPixy

ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. Learn more at www.shiftpixy.com.

 

ShiftPixy Cautionary Statement

The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make.  The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets.  Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited.  The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.  The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings.

 

Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:

Amy Wang

[email protected]

(949) 245-7291

 

Source:  ShiftPixy, Inc.

ShiftPixy Announces First International Expansion

Disruptive US-based gig engagement platform is launching in Canada; plans continued global expansion

 

IRVINE, CA – May 7, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced its first international expansion, ShiftPixy Canada, to meet the recent increased interest from multi-unit restaurant operators in Canada. The company is currently in the process of completing all the necessary registration in each of Canada’s ten provinces and plans to begin offering its end-to-end restaurant solution to Canadian customers as soon as that process is complete in the coming months. The company has established ShiftPixy Canada as a wholly-owned subsidiary.

 

With its $90 billion foodservice is industry, Canada represents ShiftPixy’s first international expansion, a continuation of the company’s aggressive growth strategy that has evolved from California only followed by nationwide service across the US. The company will continue its expansion to international markets that meet its criteria and are ripe for disruption in the restaurant industry.

 

As restaurants face an uncertain future globally, operators are seeking simple, digital solutions that can help them not only weather the storm but also better reinforce their business infrastructure. Furthermore, third-party delivery partners are eating into restaurants’ already thin margins. ShiftPixy’s human capital management, online ordering and native delivery services offer Canadian restaurants an all-in-one platform.

 

“Despite the uncertain time, we are very excited to be expanding to Canada and helping restaurants and operators there do what they do best – deliver a great food experience – while helping them grow their businesses,” said Scott Absher, CEO and co-founder of ShiftPixy. “ShiftPixy’s multi-lingual approach makes new market entry very quick, and we’re eager to continue our global expansion plans.”

 

In addition to Canada, ShiftPixy is working with relevant partners and regulators in nations throughout Latin America and Japan in order to meet the demand in those markets.

 

About ShiftPixy

 

ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. Learn more at www.shiftpixy.com.

 

ShiftPixy Cautionary Statement

 

The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make.  The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets.  Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited.  The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.  The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings.

 

Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:

Amy Wang

[email protected]

(949) 245-7291.

 

Source:   ShiftPixy, Inc.

ShiftPixy Launches ‘Shifter Waitlist’, Helping Restaurant Workers Prepare for Post-COVID Life

– Innovative Waitlist addresses “What if they don’t come back?” –

 

– Displaced restaurant employees can register nationwide –

 

 Irvine, CA –  April 22, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced the launch of its new ‘Shifter Waitlist’, allowing restaurant employees displaced by the coronavirus pandemic to sign up now for available work at restaurants when business restarts. ShiftPixy currently serves thousands of restaurant workers in markets across the country, and is rolling out its Shifter Waitlist to facilitate recovery plans for both employees and operators nationwide.

 

“We have heard from many multi-unit restaurant operators expressing the fear, ‘What if they don’t come back?’ when thinking about the employees they had to furlough,” said Scott Absher, CEO and co-founder of ShiftPixy.  “We moved ahead of schedule to open up the ShiftPixy platform for workers who are not currently connected with our clients, so that when the economy re-opens, our clients will have a ready pool of locally available workers to quickly rebuild their staff.”

 

ShiftPixy’s platform leverages AI-driven technology and the concept of gig work to elevate worker engagement in the restaurant space, offering greater flexibility between shift workers and operators with open shifts. “Previously, our platform was only open to active ShiftPixy clients to help run their operations, but now we have opened our waitlist feature so shift seekers can immediately start the process of boarding and qualifying for shift opportunities,” concluded Mr. Absher.

 

To join the ShiftPixy Shifter Waitlist, a furloughed worker need only:

 

  1. Download the ShiftPixy App from the Google Play or Apple App Store
  2. When prompted for your Worksite Code, click on “Don’t know your code?”
  3. Click the “I’m just looking for gigs” button
  4. Enter your information and submit by clicking “Get early access”

 

Despite today’s heightened levels of anxiety, the Shifter Waitlist takes aim at the certainty of emergence from this crisis. ShiftPixy is not only designed as a human capital management solution; it is also a means for restaurants to prepare their business to emerge even better once this crisis ends.

 

For more information or to join the Waitlist, visit www.ShiftPixy.com.

 

About ShiftPixy

ShiftPixy (NASDAQ: PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

 

SOURCE:  ShiftPixy, Inc.

ShiftPixy Helping Restaurants Build Digital Life Boats with Paycheck Protection Program

Launches initiative to help restaurants repurpose staff for delivery during COVID-19

 

Irvine, CA –  April 15, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced the company’s initiative to catalyze digital infrastructure reinforcement and human capital management repurposing for multi-unit restaurant operators during the COVID-19 pandemic by leveraging the new Paycheck Protection Program small business loans. As some of the hardest hit businesses by the global pandemic, restaurants across the country have been forced to furlough or lay off most, if not all, of their employees in addition to closing their dining rooms. Further, many restaurants lacked the proper delivery infrastructure to adapt to the current environment. The rollout of the Paycheck Protection Program, offering two-year, forgivable loans, has created a unique opportunity – a life boat of sorts – for restaurants to invest in repurposing their staff to better serve delivery demand, which ShiftPixy is committed to immediately assist in implementing.

 

“Despite these difficult, unprecedented times, the PPP loan program offers a glimmer of hope for restaurants as these funds can offer operators the chance to rebuild their business even while their dining rooms are closed, by repurposing their dining staff as delivery drivers,” said Scott Absher, CEO and Co-founder of ShiftPixy. “At ShiftPixy, we understand the digital demands of such a drastic pivot and are committed to helping restaurants leverage their greatest asset – their staff – in a new way without having to eat into their revenues by paying third-party delivery commissions.”

 

While third-party delivery companies face uncertainty on both employee designation and increased demand, ShiftPixy is working with restaurants across the country to deploy their current staff as delivery drivers. In addition to avoiding unnecessary commissions, restaurants can maintain better brand control and ensure a better customer experience by repurposing staff for native delivery.

 

“Tough times don’t last, tough people do, and we’re helping restaurants showcase that,” Absher concluded.

 

For more information on PPP loans, visit www.sba.gov. To get in touch with ShiftPixy, go to www.ShiftPixy.com

 

About ShiftPixy

ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

 

Source:  ShiftPixy, Inc.

ShiftPixy Enables Restaurant Operators to Stay Connected to Customers through Self-Delivery During Coronavirus Pandemic

Irvine, CA –  March 20, 2020  – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today discussed the Company’s increased levels of inbound interest due to the current COVID-19 pandemic.

 

“As you can imagine, we are busy responding to many inquiries from most of the national brands, all of which are trying to keep their employees busy and connected to their store, and wish to use our self-delivery platform to stay connected with customers,” stated ShiftPixy’s co-founder and Chief Executive Officer, Scott Absher.  “In response to the pandemic, major cities including Los Angeles, New York City and Seattle have banned dine-in restaurants, restricting businesses to takeout and delivery exclusively. Using ShiftPixy’s driver management technology, restaurant operators can control delivery with their own staff without having to deal with the uncertainties of third-party delivery services. In partnership with ShiftPixy, these restaurants can train their staff to act as delivery drivers – repurposing their existing human capital while adjusting to the current needs of the marketplace.”

 

Mr. Absher concluded, “Coronavirus is hitting all aspects of society hard, and restaurants have had a particularly rough time.  Our technology provides a native delivery opportunity to allow multi-unit operators to remain operational in this very challenging environment.”

 

ShiftPixy’s platform includes two layers: the first revolves around building operators a robust, easy-to-use digital ordering platform that boosts customer engagement and spending, while the second handles driver management, intercepting online orders, finding a designated driver, creating a driver route, and communicating with the customer as the order is completed.

 

About ShiftPixy

ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

 

ShiftPixy Cautionary Statement

The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make.  The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets.  Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited.  The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.  The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings. Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:

Amy Wang

[email protected]

(949) 245-7291

 

Source:  Shiftpixy, Inc.

ShiftPixy Appoints Industry Veteran Christopher Sebes to Board of Directors

Irvine, CA –  February 10, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary HRIS platform that facilitates employment in the rapidly growing Gig Economy, today announced the appointment of restaurant technology pioneer Christopher Sebes to its board of directors. Mr. Sebes is a widely respected restaurant technology entrepreneur and Forbes Council Member who has dedicated his career to hospitality management and technology.

 

Mr. Sebes was the creator of Twenty20 Visual Systems, the first-ever Microsoft Windows POS company, and went on to become the CEO of Progressive Software. From there, he founded Xpient Solutions, for which he served as CEO for over a decade. As President of Xenial Inc., formerly Heartland Commerce until its acquisition by Global Payments in 2016, Sebes led the acquisition of several restaurant technology companies and exceeded Global Payments’ financial performance expectations. His work made Xenial a major competitor in restaurant and retail management technology.

 

“We are excited to have Christopher join the ShiftPixy team where he can share his seasoned industry insight and innovative vision for restaurant technology,” said Scott W. Absher, Chief Executive Officer of ShiftPixy.  “Christopher’s thought leadership on restaurant technology will not only provide strategic and product development guidance but will also help us shape our broader approach to the much larger client engagements coming to ShiftPixy as we continue our work toward creating shareholder value.”

 

About ShiftPixy
ShiftPixy (NASDAQ:PIXY) is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

 

ShiftPixy Cautionary Statement
The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make.  The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets.  Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited.  The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.  The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings.

 

Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

Media Contact:
Amy Wang
[email protected](949) 245-7291

 

Source: ShiftPixy, Inc.

ShiftPixy Completes Recapitalization

Closes Contract Assignment Worth $20 Million –– Proceeds to Fund Operations through to Cash Flow Breakeven

 

Irvine, CA –  January 07, 2020 – ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary HRIS platform that facilitates employment in the rapidly growing Gig Economy, today announced the assignment of 60% of its contracted book of business for $20 million.  The Company expects proceeds to fully fund operations through to cash flow breakeven, including the ongoing successful development of its next-gen workforce platform, and to further fulfill its growth initiatives.  Given the Company’s early calendar year 2020 business outlook, its accelerating growth profile, and an enhanced focus on its most profitable customers resulting from the assignment, ShiftPixy expects to quickly replace the revenue stream and achieve cash flow breakeven by mid calendar year 2020.

 

“Our business continues to rapidly scale as reflected by our financial results reported last month, and this highly efficient recapitalization clearly demonstrates the substantial value we’re creating.  We decided to monetize a portion of our business that is not critical to our HRIS platform growth initiatives or has limited ‘upsell’ opportunities, yet still carries excellent value for other operators.  More importantly, the proceeds will enable our team to continue, and in fact accelerate, the incredible growth of our business in recent years,” said Scott W. Absher, Chief Executive Officer of ShiftPixy.  “With the additional capital, we look to increase our focus on even more profitable and technically engaged clients, and given our accelerating growth, within half a year we expect to fully rebuild our book of business.”  Mr. Absher concluded, “With this latest positive news, our team is even more energized as we all work together to create meaningful shareholder value.”

 

About ShiftPixy
ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. ShiftPixy’s complete HCM ecosystem is designed to manage regulatory requirements and compliance in such required areas as paid time off (PTO) laws, insurance and workers’ compensation, minimum wage increases, and the Affordable Care Act (ACA) compliance.

 

ShiftPixy Cautionary Statement
The information provided in this release includes forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of ShiftPixy, Inc., could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties include, but are not limited to, risks associated with the nature of our business model; our ability to execute the Company’s vision and growth strategy; our ability to attract and retain clients; our ability to assess and manage risks; changes in the law that affect our business and our ability to respond to such changes and incorporate them into our business model, as necessary; our ability to insure against and otherwise effectively manage risks that affect our business; competition; reliance on third-party systems and software; our ability to protect and maintain our intellectual property; and general developments in the economy and financial markets. Statements made in connection with any guidance may refer to financial statements that have not been reviewed or audited. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD.  Further information on these and other factors that could affect the financial results of ShiftPixy, Inc., is included in the filings we make with the Securities and Exchange Commission from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of our website at https://ir.shiftpixy.com/financial-information/sec-filings.

 

Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, ShiftPixy is alerting investors and other members of the general public that ShiftPixy will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in our Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

INVESTOR CONTACT:[email protected]800.475.3655

 

Source: ShiftPixy, Inc.

About ShiftPixy


OUR PURPOSE IS TO BRING EFFICIENCY TO THE PART-TIME LABOR MARKETS

 

A NEXT-GEN PLATFORM FOR EMPLOYERS AND EMPLOYEES

 

ShiftPixy is revolutionizing today’s part-time workforce. Our innovative approach to human capital and our technology deployment balances the needs for business operators who rely on part-time labor and workers who make up the part-time workforce. ShiftPixy is a powerful platform for leveraging the gig economy forces for both business operators and workers.

 

ShiftPixy combines the modern perks of the gig economy with traditional employment benefits.

 

Our app serves as an all-in-one workforce management platform for operators (aka, business owners) that rely on contingent employees. But it’s also a dynamic employment resource for shifters (aka, part-time workers) who want the freedom to make their own schedule.

 

Shifters can receive valuable benefits such as health insurance and workers’ compensation. Meanwhile, operators are able to rest easy knowing that they remain compliant with labor laws and free of time-consuming admin tasks.

 

ShiftPixy’s gig platform truly represents a new way to work.

 

SOLUTION FOR OPERATORS BUSINESS OWNERS

>> Access – Connect with a qualified, live, local on-demand workforce
>> Turnover Cure – Rethink finding and keeping people with an on-demand bench
>> Shift Risk – Move employer legal, compulsory duties and risk away from your business
>> Freedom – Liberation from administrative demands

 

RETHINK HUMAN CAPITAL

 

ShiftPixy’s ecosystem enables you to share human capital and never again have the problem of finding and keeping people. ShiftPixy is building a national ecosystem with hundreds of operators and thousands of part-time workers focused on a similar trade and service.

 

THE CURE FOR TOXIC TURNOVER

 

ShiftPixy’s gig platform keep your schedule filled and your bench stocked with a live, local on-demand workforce. This approach means you will always have access to interested, experienced and available employees as a ShiftPixy operator client.

 

LABOR COST CERTAINTY

 

The ShiftPixy strategy and ecosystem approach end transition duties, costs and time. The ShiftPixy engagement is designed to make easy-to-integrate economic sense. You will enjoy liberation, indemnification and acceleration from the ShiftPixy engagement.

 

SELF-DELIVERY

 

The ShiftPixy driver management system intercepts online orders, pings the designated driver, creates a driver route and communicates with the customer as the driver completes the order. Now, a uniformed team member, trained by the brand, can deliver the brand-intended customer experience, and take full advantage of the wildly capitalized wave of mobile food on-demand.

 

Source:  https://shiftpixy.com/

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