ShiftPixy Highlights Quelliv Incubation Process & Offering
October 06 2022 - 8:00AM
Business Wire
ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or “the Company”), a
Florida-based national staffing enterprise which designs, manages,
and sells access to a disruptive, revolutionary platform that
facilitates employment in the rapidly growing Gig Economy, today
discusses the Quelliv incubation process at ShiftPixy and ShiftPixy
Labs. As announced on October 4, 2022, through ShiftPixy Labs which
is designed to take a unique business idea from concept through to
mass commercialization, the Company completed the successful
incubation launch of Quelliv Inc. low level laser centers.
The incubation process at ShiftPixy Labs starts with a deep dive
into commercial market potential. The teams then pull together
extensive research and financial analysis to build out the business
plan. The plan becomes the foundation for framing the investor case
for the new business for which the teams compile all the documents
and work flows to bring in investor participation.
The result is a near term public offering to bring the business
to the capital markets for continued growth capital formation. The
Quelliv project is being position for a capital markets entry in
early 2023. They are targeting 500 stores for rollout within the
next 24 months. Major influencers like Tony Robbins, and
professional athletic trainers have commented on their positive
experience using the Quelliv laser technology.
In ShiftPixy Labs’ operation we work through the consumer
engagement process and build the mobile technology for the specific
demographic target, delivering the value of the product or service.
The team builds a very sticky connection through the mobile
customer application that is designed to elevate customer
engagement and sharpen remarketing opportunities.
“Quelliv will be another great use case for the ShiftPixy Labs.
This is the first in a number of opportunities we are evaluating to
apply our unique business tools. Our ultimate goal is to elevate
great ideas and maximize monetization,” said ShiftPixy Co-Founder
and CEO, Scott Absher. “We expect to create a number of
opportunities for equity interests in these types of engagements
that will flow to ShiftPixy shareholders as dividends”.
To learn more, please visit www.quelliv.com and
labs.shiftpixy.com.
About Quelliv
Quelliv was designed to introduce a proprietary, high value and
high efficacy photobiomodulation technology trained to address a
number of biological applications in the wellness market’s highest
demand subsectors. Quelliv’s trained laser technology is uniquely
applied to anti-aging, weight management, pain management and scalp
rejuvenation. The Company has launched its initial four south
Florida locations with two additional locations coming online in Q4
2022. The Company plans to launch a national rollout to major metro
markets in Q1 of 2023 with a goal of 500 company owned locations
throughout the US longer term.
The company sells its Genesis One photobiomodulation equipment
to professional and collegiate sports teams for rapid athlete
recovery.
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 26 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.
Forward-Looking Statements
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking
statements. These forward-looking statements include, among other
things, statements regarding the anticipated use of proceeds from
the private placement, the anticipated closing date of the private
placement and the anticipated filing and effectiveness date for a
registration statement related to the resale of the common shares
and common shares underlying warrants from the private placement.
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 the Company, 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 the Company’s business model; the Company’s ability to execute
its vision and growth strategy; the Company’s ability to attract
and retain clients; the Company’s ability to assess and manage
risks; changes in the law that affect the Company’s business and
its ability to respond to such changes and incorporate them into
its business model, as necessary; the Company’s ability to insure
against and otherwise effectively manage risks that affect its
business; competition; reliance on third-party systems and
software; the Company’s ability to protect and maintain its
intellectual property; and general developments in the economy and
financial markets. These and other risks are discussed in the
Company’s filings with the SEC, including, without limitation, its
Annual Report on Form 10-K, and its periodic and current reports on
Form 10-Q and Form 8-K. 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 the Company, is included in the filings we
make with the SEC from time to time. These documents are available
on the “SEC Filings” subsection of the “Investor Information”
section of the Company’s 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, the Company is alerting investors and other members
of the general public that the Company 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 the Company are encouraged to keep
informed by following us on Facebook, Twitter, LinkedIn and
YouTube.
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