ShiftPixy Announces First International Expansion
May 07 2020 - 09:00AM
ShiftPixy (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
registrations 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 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 these uncertain times, 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 ShiftPixyShiftPixy
(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
StatementThe 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
Wangamy.wang@shiftpixy.com(949) 245-7291
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