ShiftPixy Introduces Ghost Kitchen Incubator Project
August 11 2020 - 9:00AM
ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement
platform provider, today announced the addition of its Ghost
Kitchen Incubator Project to ShiftPixy Labs, the Company’s new
suite of marketing and support services for quick service
restaurant operators (QSRs). The Incubator Project represents a
groundbreaking new approach to how aspiring restaurant operators
take their ideas from inception to reality. Through this
collaboration with ShiftPixy Labs, operators should gain valuable
information and insights on how to launch their new businesses —
and how to build and optimize around delivery and off-premise
dining from the ground up. By building these relationships with
budding restaurateurs, the Company expects to forge lasting
partnerships that could open the door to further business
opportunities.
The COVID-19 pandemic has fundamentally altered
the restaurant industry, forcing QSRs to adjust their business
models to meet the surging demand for off-premises dining.
ShiftPixy’s Ghost Kitchen is designed to combine the Company’s
industry-leading technology with a unique approach to physical
space requirements to help QSRs pivot and address the new
landscape.
“ShiftPixy Labs is an innovative and highly
evolved approach that elevates our engagement with the QSR operator
clients we support, especially during these very difficult market
conditions,” said ShiftPixy co-founder and CEO Scott Absher. “The
numbers are clear: Ghost kitchens and off-premises dining are here
to stay, and are growing rapidly. If operators want to survive,
they need to re-think their business processes, customer engagement
and their approach to real estate. The ShiftPixy Labs Ghost Kitchen
allows us not only to help our existing businesses but to discover
and participate in the birth and growth of exciting new culinary
concepts as well. We are positioned to add an innovative and highly
valuable twist to the ghost kitchen movement and we look forward to
sharing more details and exciting news in the coming weeks.”
Through ShiftPixy Labs, the Company expects to
provide additional layers of services and engagement, from business
start-up clear through to customer meal delivery. The new
functionality builds on the traditional ShiftPixy gig engagement
platform, which empowers restaurant operators to better leverage
their human capital with cutting-edge technology tools to better
navigate their way to profitability.
About ShiftPixyShiftPixy (PIXY)
provides 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
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; risks arising from the COVID-19 pandemic or any other
events that could cause wide-scale business disruptions;
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, or
directly from the SEC’s website at https://www.sec.gov. 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:
Investor.Relations@ShiftPixy.com 800.475.3655
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