IRVINE, California,
March 13, 2018 /PRNewswire/ --
ShiftPixy, Inc. (NASDAQ: PIXY), a disruptive workforce
engagement platform provider is designed to correct two areas that
the gig economy has impacted restaurant and hospitality business
operators.
The first of these impact areas is turnover. The new gig
platforms have created new opportunities for income for workers
committed to part time labor. Part time workers no longer need
to hit the street to hunt for jobs and fill out applications. Now
from their smart phone they are served real time local
opportunities that allow them to work when they want and where they
want. This new dimension to work and work opportunities access
has carved deeply into the US part time labor market. Fewer part
time workers are looking for restaurant and hospitality work has
resulted in toxic levels of turn over particularly in major metro
US markets.
ShiftPixy treats turnover by providing a participation platform
for restaurant and retail operators to connect with qualified local
and available part time workers who work for other local operators
but need to earn more. This new human capital approach means
that operators participating on the ShiftPixy platform will not
only liberate their business from employer duties but the ShiftPixy
scheduling technology continuously monitors the operator for work
schedule gaps that can be offered to a fast growing local on demand
workforce.
The second impact area is the emergence of the new convenience
economy propelled by third party deliver providers. Pizza has
always been a convenience meal because delivery is a time-honored
tradition. The rest of QSR could never jump into the risk and
complexity of delivery. Today however the rest of the QSR community
has found new income under third party delivery partnerships. These
third-party providers are born of the Gig Economy platform boom.
They have deployed a lot of capital to create this new convenience
economy and leverage the same part time work convenience to bring
new income to QSR.
The problem few are talking about is that the QSR brands who
have spent decades building their brand and their customer
experience are now surrendering both their brand, the customer
experience and their customer data to a third-party provider. There
is an endgame risk that a customer will one day be urged to try and
Uber Burger or Grub Tacos.
ShiftPixy offers an extension of its operator platform that put
these QSR operators in a position to self-deliver. The self
delivery approach allows QSR operators to use their own local staff
to take orders to customers with the same precision as their Pizza
neighbors and a better brand centric customer experience. ShiftPixy
brings the impossible to secure higher but essential to have in
place for delivery, the hired and non-owned auto (HNOA) insurance
coverage to the QSR operator on an as needed basis. The ShiftPixy
mobile platform can pull an outbound order into a ticket for
qualified, assigned, uniformed staff worker to confirm the order,
jump in their car, drive a guided route, connect with the customer
and return. This work flow is micro metered for the precise
HNOA coverage and mileage reimbursement for each delivery loop.
This allows for a fixed cost, per order cost coverage and no more
revenue sharing with a third-party operator.
Learn More
To discover the power of ShiftPixy for your business please
select one of our convenient webinar timeslots at:
https://www.shiftpixy.com/webinars/
Or call us at 888-798-9200 to register.
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. 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 on
Forms 1-A and 10-K and in other 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:
Clark Wilson
clark.wilson@shiftpixy.com
+1(949) 245-7250
SOURCE ShiftPixy, Inc.