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ShiftPixy, Inc. (NASDAQ: PIXY) Breaking News - April 17, 2018

 

ShiftPixy’s Ecosystem to Enhance Delivery Capabilities that Extend the Gig Economy


Irvine CA -- April 17, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company"), a disruptive workforce engagement platform provider, has welcomed delivery services company Zion Delivery Service as a client into its ecosystem to help streamline its recruiting and scheduling demands. By taking over employer status of Zion Delivery W-2 delivery drivers, ShiftPixy will empower Zion Delivery to scale and grow its work with Amazon Logistics.

As Amazon and other logistics companies respond to the e-commerce delivery boom, they’ve partnered with local courier services to complete the “last mile delivery” to businesses and consumers. This growth has created a unique digital ecosystem where all parties rely on tech-driven solutions to increase efficiency and streamline communication. The ShiftPixy relationship enables Zion Delivery Service to become a leader in this space while showcasing the advantages of this employment model. Founded in 2004 and focusing on the Southern California market, Zion Delivery Service’s rapid growth is due to this increased demand and is now able to expand its footprint by tapping into ShiftPixy’s platform.

“As a 7-day-a-week operation, recruiting and retaining talent is critical in order to meet the demands of our partners and end customers,” said Jeremy Pippen, President of Zion Delivery Service. “ShiftPixy provides a sophisticated tech-driven recruiting and scheduling platform that will allow us to focus on developing our business in line with the growth of our international partners such as Amazon Logistics.”

Harnessing the Gig Economy concept, ShiftPixy matches employers seeking part-time employees or delivery drivers with qualified workers. Unlike others in the Gig Economy, ShiftPixy embraces employer status of the workforce, offering benefits and protections, all while handling administrative and compliance burdens for the operators.

“Our leading-edge approach and underlying technology will empower Zion Delivery Service to manage its fast-growing delivery operation with greater ease and more efficiency,” said Scott Absher, CEO of ShiftPixy. “The ShiftPixy driver management layer lets clients leverage the mobile engagement advantages of their Gig Economy competitors for connecting with employees. We’re excited to liberate Jeremy and Zion Delivery Service to do what they do best and continue to expand their relationship with Amazon Logistics.”

As the logistics industry continues to leverage sophisticated technology to scale and enhance efficiency, ShiftPixy is bringing that same mindset to revolutionize the sector’s employment model. ShiftPixy’s digital solution includes a private blockchain ledger to record and track critical human capital validation data, a sophisticated ‘micro-metering’ approach for financial and insurance transactions, and IBM’s Watson artificial intelligence engine to achieve a uniquely personal experience for workers and employers alike.

Note of Clarification
To be clear, ShiftPixy has never, does not now and will never use its blockchain technology in any form of cryptocurrency or cryptocurrency related application.

Learn More
To discover the power of ShiftPixy for your business please select one of our convenient webinar timeslots
http://www.shiftpixy.com/webreg
Or call us at 888-798-9100 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
(949) 861-0442
Source: ShiftPixy, Inc.

 

ShiftPixy, Inc. Reports Fiscal 2018 Second Quarter Results


Irvine CA -- April 13, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company"), a developing, proprietary next-gen technology platform for workforce engagement and management, today announced operating results for the three months ended February 28, 2018 (“2018 Second Quarter”).

ShiftPixy Chief Executive Officer Scott Absher commented, “As we roll out our proprietary and sophisticated technology platform, we are increasingly excited about the crucial role we’ll play in the expanding Gig Economy workplace. Our growing client roster across our expanding national footprint demonstrates the appeal of the ShiftPixy Ecosystem, and the rapid progress we’re making on the technology front will only increase platform effectiveness, ultimately helping to create value for our shareholders.”

2018 Second Quarter Highlights

- Gross billings grew 58.1% to $48.6 million, compared to $30.8 million for the 2017 second quarter; gross billings increased 20.9% sequentially from $40.2 million in the prior quarter.
- Revenues increased 45.8% to $7.9 million, compared to $5.4 million for the second quarter of 2017.
- Worksite employees increased by 3,405 to 6,798 compared to 3,393 as of February 28, 2017; the number of employees at the end of the quarter also represents a sequential increase of 1,116 over the number of employees at the end of the first fiscal quarter 2018.
- Gross profit was $0.9 million versus $1.1 million in the prior year period, and net loss per share was 9 cents during the quarter, versus a net loss of 4 cents the prior year period.

“I’ve been thoroughly impressed with the contagious energy at ShiftPixy since joining earlier this year, in particular the discovery of brand new applications for our Ecosystem that further expand our horizons,” stated Chief Financial Officer Patrice Launay. “During this transformational time, we will work to optimize and manage our balance sheet in support of our rapid growth.”

Fiscal 2018 Third Quarter Guidance

The Company currently expects gross billings for fiscal third quarter 2018 to be in the range of $50 million to $60 million, which at the midpoint would represent a sequential increase of 13% over the fiscal second quarter 2018.

Webcast

ShiftPixy will host a webcast at 11:00 a.m. Eastern Time on Friday, April 13, 2018, to discuss financial results for the 2018 fiscal second quarter. Investors can access the webcast through the ShiftPixy website at https://ir.shiftpixy.com.

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider, 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 on Forms 1-A and 10-Q 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.

CONTACT:
Media:
Clark Wilson
clark.wilson@shiftpixy.com888.798.9100

Investors:
InvestorRelations@shiftpixy.com800.475.3655
Source: ShiftPixy, Inc

 

ShiftPixy Leverages IBM’s Watson to better connect and scale


Irvine CA -- March 27, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company"), a disruptive workforce engagement platform provider, has leveraged the powerful Watson’s artificial intelligence engine across its platform to achieve an active and personal user experience. ShiftPixy’s current mobile gateway app uses Watson to power its entire employee enrollment process.

ShiftPixy CEO Scott Absher stated, “Our new employees no longer have to fill out the burdensome pile of required new employee paperwork. By leveraging Watson’s artificial intelligence capabilities, new hires are guided by a conversation with our chatbot ‘Pixy’ who asks the necessary questions and generates the required employment documents in a highly personal and engaging way.”

ShiftPixy’s cutting-edge mobile onboarding process gives the Company the ability to onboard its fast-growing employee population base much faster and more efficiently than ever before. Absher continued, “The way ShiftPixy is leveraging AI is in line with our other sophisticated technology offerings because it’s an essential tool to keep pace with our rapid growth while continuing to disrupt the traditional employment model. Through the AI-enabled ‘Pixy’ serving as a ‘coach’ or ‘personal trainer’ for onboarding, we’re creating a solution that not only streamlines and scales the entire process but brings a uniquely personal touch for new hires.”

This announcement comes on the heels of ShiftPixy announcing its use of blockchain technology to record and track critical human capital validation data as well as leveraging a sophisticated ‘micro-metering’ approach to financial and insurance transactions.

The ShiftPixy platform leverages the gig economy concept to match employers searching for part-time employees with qualified workers. Unlike others in the gig economy, ShiftPixy serves as the employer to the workforce, offering access to benefits and other protections while allowing the workers to choose various shift work at a variety of establishments in the ShiftPixy ecosystem. In turn, ShiftPixy partners with businesses in the ecosystem and handles the administrative and compliance burdens that comes with employment, all done centrally through ShiftPixy’s app.

Note of Clarification
To be clear, ShiftPixy has never, does not now and will never use its blockchain technology in any form of cryptocurrency or cryptocurrency related application.


Learn More
To discover the power of ShiftPixy for your business please select one of our convenient webinar timeslots
http://www.shiftpixy.com/webreg
Or call us at 888-798-9100 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
(949) 245-7250
Source: ShiftPixy, Inc.

 

ShiftPixy’s Platform Accelerating Client Performance


Irvine CA -- March 22, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company"), a disruptive workforce engagement platform provider, is helping businesses streamline employment operations in sectors where high turnover is hampering growth. The gig economy’s mainstream adoption has caused much of the part-time labor force to leave the standard workplace in favor of gig platforms that provide the desired flexibility. By leveraging the gig economy concept and focusing on companies who rely on part-time labor, ShiftPixy’s ecosystem and mobile platform have created a solution that allows operators to retain a dedicated workforce while achieving desired growth and scalability.

ShiftPixy’s Co-Founder and CEO Scott Absher stated, “We talk with scores of operators every week that struggle with high turnover. We also speak with private equity firms who own multi-unit restaurant and QSR brands in their portfolio and can relate to today’s part-time labor troubles. ShiftPixy can improve their portfolio companies’ efficiencies and their bottom line by establishing much needed stability and reliability in the workforce.”

Particularly for mid- to large-sized restaurant, hospitality, and retail chains, where employees are the heart of an organization, ShiftPixy provides a sophisticated tech-driven solution to cure the labor headaches many organizations face. AI-enabled onboarding, human capital data recorded on private blockchain ledgers, and an innovative ‘micro-metering’ approach to financial and insurance transactions are only a few ways ShiftPixy is disrupting both the traditional employment and gig economy models and providing a ready-to-hire workforce for organizations.

Note of Clarification
To be clear, ShiftPixy has never, does not now and will never use its blockchain technology in any form of cryptocurrency or cryptocurrency related application.

Learn More
To discover the power of ShiftPixy’s self-delivery platform for your restaurant 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
(949) 245-7250
Source: ShiftPixy, Inc.

 

ShiftPixy’s Self-Delivery Allows QSR to Keep Their Profits


Irvine CA -- March 20, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") ShiftPixy’s highly disruptive self-delivery proposition for QSR restaurant operators is a big opportunity in the rapidly expanding third-party delivery boom. Scott Absher ShiftPixy’s Co-Founder and CEO commented that “when we asked our QSR operator clients why they would surrender their brand, their customer experience and their customer data to a third party and give up their hard- earned revenue the stories tumbled out”. ShiftPixy’s cutting edge technology and approach to human capital management allows the company a unique window into the daily demands of QSR operators and the ability to extend its technology and engagement to enable this unique self-delivery proposition.

ShiftPixy’s new driver management layer for operators in the ShiftPixy ecosystem will now allow clients to use their own team members to deliver a brand intended customer experience. ShiftPixy has taken the compliance, management and insurance issues related to the support of a delivery option and created a turn key self-delivery opportunity. This first ever approach allows ShiftPixy clients to enjoy the income growth from delivery and preserve their customer experience and their brand. “This changes the game in a big way”. Scott W. Absher, ShiftPixy’s Co-Founder and CEO stated that “we listened to the pain our operator clients described and saw we could leverage our ecosystem to make it simple for our clients to take on the growth opportunity that self-delivery represents for their business and not give up 30% of their sale to a third-party delivery operator”.

Learn More
To discover the power of ShiftPixy’s self-delivery platform for your restaurant 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
(949) 245-7250

Source: ShiftPixy, Inc.

 

ShiftPixy delivers a revolution to fast food and fast casual


Irvine CA -- March 15, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a disruptive workforce engagement platform provider, is introducing a highly disruptive proposition for the Company’s fast food and fast casual restaurant operator clients. Scott Absher ShiftPixy’s Co-Founder and CEO stated that “Delivery is the fastest growing wave in the fast food and fast casual dominated by GrubHub, UberEats, DoorDash. They have created a wave we are calling the convenience economy. We see that none of the large fast food and fast casual brands could have predicted the delivery demand wave, but they should not have been surprised by the damage to their brand and their customer experience from surrendering their completed customer connection to a stranger”. One ShiftPixy client in Southern California who uses third-party delivery providers explained that “happy customers say nothing, but angry customers tell everyone, we don’t find out until it’s too late that there was a problem and then we have lost a customer”.

ShiftPixy’s new driver management layer for operators in the ShiftPixy ecosystem will now allow ShiftPixy clients to use their own team members to self-deliver a brand intended customer experience. ShiftPixy has taken the compliance, management and insurance issues related to the support of a delivery option and created a turn key self-delivery opportunity. “This changes the game in a big way”, Scott W. Absher, ShiftPixy’s Co-Founder and CEO stated that “we listened to the stories our operator clients told us and saw we could leverage our ecosystem and the way we served them to make it simple for our clients to take on the growth opportunity that self-delivery represents for their business”.

Learn More
To discover the power of ShiftPixy’s self-delivery platform for your restaurant 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
(949) 245-7250
Source: ShiftPixy, Inc.


ShiftPixy Announces Expansion to Florida
 

Irvine CA -- March 14, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a disruptive workforce engagement platform provider, today announced the opening of the Company’s Orlando, Florida location. ShiftPixy’s fast-growing client demand is quickly developing the Company’s national footprint. ShiftPixy’s CEO Scott Absher stated, “Orlando is the perfect jump off point for us for Florida. The restaurant and retail trades are robust, so our Orlando location allows us to serve locally both coasts with efficiency and ease.” ShiftPixy’s technical innovation for the part time labor driven industries such as restaurant and retail operators has been quickly embraced as a solution to high turnover. Mr. Absher further commented, “Orlando has been in the works for some time and we are glad to now be on the ground and in the market.”

Restaurant and retail operators are experiencing historically high part time labor turnover due to the growing competition from new gig platforms that have drawn away part time workers offering greater connection to income opportunity with greater ease. The ShiftPixy cutting edge platform allows ShiftPixy restaurant and retail clients to compete against the gig platforms and cure the high cost of high turnover.

Learn More
To discover the power of ShiftPixy for your business, please select one of our convenient webinar timeslots at http://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.

CONTACT:

Clark Wilson
clark.wilson@shiftpixy.com
(949) 861-0442

Source: ShiftPixy, Inc.

 

ShiftPixy discusses the Gig Economy’s impact on the Restaurant and Hospitality trades
 

Irvine CA -- March 13, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") 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
(949) 245-7250

Source: ShiftPixy, Inc.

 

ShiftPixy Unveils Its Cutting Edge Fintech
 

Irvine CA -- March 9, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") amidst all the talk about the fintech boom, is developing a unique financial and insurance transaction and metering platform.

ShiftPixy’s technology platform leverages a “micro-metering” approach to incremental financial and payment transactions and related insurance coverages based on real-time use and exposures. In his discussion regarding ShiftPixy’s underlying technology in the midst of the fintech frenzy, ShiftPixy’s CEO Scott Absher stated, "We are preparing to operate at the level at which many fintech companies are endeavoring to attain. In connecting a workforce with business, ShiftPixy will be leveraging two critical technology functionalities. The first is what we call ‘micro metering’ of essential commercial insurance coverages required by our operator clients—namely workers’ compensation and auto coverages on a delivery-by-delivery basis. The second is using ShiftPixy’s blockchain ledger to process and record our critical P2P connections.”

Mr. Absher went on to say, “The ShiftPixy mobile ecosystem’s success requires technical precision in managing sometimes relatively small yet frequent transactions that are growing in volume. Our ‘micro metering’ technology has caught the attention of the insurance community with its real time data visibility and its ability to scale at a rapid rate. Our blockchain technology assures that with rapid growth and scale, our essential security is keeping pace with the growth.”

ShiftPixy’s technology is engineered to allow the Company’s business operator clients to liberate and accelerate their business and thrive despite the gig economy changes affecting their businesses. ShiftPixy is allowing traditional retail and restaurant operators to connect and compete with ease in the part-time labor markets without technology investments.

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.

Note of Clarification
To be clear, ShiftPixy has never, does not now and will never use its blockchain technology in any form of cryptocurrency or cryptocurrency related application.


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
(949) 245-7250

Source: ShiftPixy, Inc.


ShiftPixy Announces Texas Expansion
 

Irvine CA -- March 8, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a disruptive workforce engagement platform provider, today announced the opening of its Austin, Texas, location. In keeping with the Company’s growth plan and fast-growing client demand, ShiftPixy has decided to base its Texas market launch in Austin. “We think Austin is a perfect place for ShiftPixy to launch into Texas. The technical innovation ShiftPixy brings to the part-time labor driven industries like restaurant and retail operators has enjoyed a warm Texas welcome,” stated ShiftPixy’s CEO Scott Absher. Absher continued his comments, stating that “the thriving Austin tech community also allows us to build our technical bench, not just our national footprint. We are excited to put down our Texas roots in Austin.”

Restaurant and retail operators are experiencing historically high part-time labor turnover due to competition from new gig platforms that have drawn away part-time workers by offering greater connection to income opportunity with greater ease. The ShiftPixy cutting edge platform allows its restaurant and retail clients to compete against the gig platforms and cure the high cost of high turnover.

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
(949) 245-7250

Source: ShiftPixy, Inc.

 

ShiftPixy’s Blockchain Use Case
 

Irvine CA -- March 7, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a disruptive workforce engagement platform provider, is leveraging blockchain as a digital ledger for all human capital transactions. Blockchain is being met with skepticism due to the lack of use cases.

ShiftPixy is a prime use case for implementing a private, centralized blockchain due to the security and privacy of the data that a blockchain affords. In business, human capital transactions contain some of the most crucial and sensitive personal information—namely, everything contained in the personnel records for an individual (including social security number, date of birth, driver’s license or passport details, bank account information, tax form elections, and more). Any data considered to be a human capital validation point or part of the hiring and onboarding process is being utilized and recorded in ShiftPixy’s blockchain ledger. The employee I-9 verification process, for example—one of the most stringent, rigorous, and penalty-laden compliance procedures–is positively impacted by blockchain utilization of biometric authentication and automatic verification of I-9 data, removing human error in the process of screening for fraudulent information. Scott Absher, President and CEO of ShiftPixy, stated, “We use blockchain technology in our ecosystem, because it is one of the most efficient tools available to help us protect our data from cyber interference. Any data considered to be a human capital validation point or part of the hiring and onboarding process is being utilized and recorded in ShiftPixy’s blockchain ledger.”

The security and ability for auditing transparency afforded by the integrated blockchain technology is paramount to protecting both the employee and the ShiftPixy job providers in the ShiftPixy ecosystem. Verification of that data on the blockchain allows both employers and auditing agencies to confidently validate additional criteria such as employment dates, and a candidate’s background (i.e. education, references, certifications, etc.), and share the verification status directly on multiple distributed sources within the blockchain, further underscoring the trust and accuracy of a candidate’s information and corporate compliance. Added benefits for data integrity include allowing employees and shift workers to rate experiences at a workplace–also recorded in the blockchain’s transparent ledger, which gives the peace of mind that the review or rating cannot be tampered with (i.e. neither shifters nor companies can pay to change or remove unfavorable ratings). Future implementation of blockchain technology within ShiftPixy’s technological ecosystem include the extended applications for payroll and real-time payments, and utilizing smart contracts for employment contracts, which facilitate the performance of credible, trackable, and irreversible transactions without third parties.

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.

Note of Clarification
To be clear, ShiftPixy has never, does not now and will never use its blockchain technology in any form of cryptocurrency or cryptocurrency related application.

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
(949) 245-7250

Source:  ShiftPixy, Inc.

 

ShiftPixy Appoints Patrice H. Launay as Chief Financial Officer
 

Irvine CA -- Jan. 24, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a developing, proprietary next-gen technology platform for workforce engagement and management, today announced the appointment of Patrice H. Launay as Chief Financial Officer, effective immediately. Mr. Launay succeeds Stephen DeSantis who resigned from the Company as reported on October 5, 2017.

Scott W. Absher, Chief Executive Officer of ShiftPixy stated, “The Board and I are very excited about Patrice joining ShiftPixy as our new CFO. His exemplary skills and deep experience in accounting along with his astute business acumen make him the right person to lead our finance team.”

Mr. Launay comes to ShiftPixy with an extensive accounting background, having served as an audit manager for various large regional and multinational accounting firms. He began his career at PricewaterhouseCoopers (PwC) where he spent six years in Paris and Los Angeles. He then spent two years at Groupe Roullier as Corporate Controller, and the following two years as an audit Manager for the City Auditor Office of the City of Long Beach, California, where he led several audits to help prevent and deter fraud within the city’s programs. From 2011 to 2016 Mr. Launay worked for BDO USA and was involved in the audits of several listed and non-listed companies in the US and Australia. Immediately before joining ShiftPixy, he served as a financial and accounting manager for RxSight, Inc., providing month-end close assistance, designing and implementing effective controls, and drafting accounting procedures. Mr. Launay holds a master’s degree from the Business School of Tours (ESCEM) France with a major in Finance and Accounting, is a Certified Public Accountant (Active) and a Certified Fraud Examiner (Inactive), and holds a Series 65 securities license.

Mr. Launay stated, “The ShiftPixy story is one of rapid growth and incredible potential, and I am excited to join the Company at this early stage in its evolution. I look forward to applying my skillset to help Scott and the team as we create a world-class operation.”

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, 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. 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.

CONTACT:
Media:
Sam Eisele
Sam.Eisele@icrinc.com
(646) 277-1271

Investors:
InvestorRelations@shiftpixy.com
(800) 475-3655

Source: ShiftPixy, Inc.

 

ShiftPixy, Inc. Reports Fiscal 2018 First Quarter Results
 

Irvine CA -- Jan. 22, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a developing, proprietary next-gen technology platform for workforce engagement and management, today announced operating results for the three months ended November 30, 2017 (“2018 First Quarter”).

2018 First Quarter Highlights

Gross billings grew 14.7% to $40.2 million, compared to $35.0 million for the 2017 first quarter; gross billings for the quarter increased, sequentially, 21.2% from $33.1 million in the prior quarter.
Revenues increased 14.6% to $6.5 million for the quarter, compared to $5.7 million for the first quarter of 2017.
Worksite employees increased by 719 to 5,682 compared to 4,963 as of November 30, 2016; the number of employees at the end of the quarter also represents a sequential increase of 608 over the number of employees at the end of the fourth quarter 2017.
Gross profit for the quarter was $1.2 million versus $2.0 million in the prior year period, and net loss per share was 12 cents during the quarter, versus a net profit of 1 cent the prior year period.
“ShiftPixy remains an early stage company, and we will continue to invest in the business as appropriate, in areas such as product development, sales and marketing and client support,” noted Scott W. Absher, Chief Executive Officer of ShiftPixy. “Over the past year, we’ve also incurred the necessary professional expenses related to being a publicly-traded company.”

Mr. Absher continued, “We are pleased with our pattern of growth and the development of our technology platform. We anticipate that the continued development of our technology platform will further enhance our service offerings and better enable us to meet the needs of our assigned workforce and clients as we endeavor to create value for our shareholders.”

2018 Second Quarter Guidance

Based on our preliminary development of financial statements for the second quarter ending February 28, 2018, the Company currently expects gross billings for fiscal second quarter 2018 to be in the range of $60 million to $65 million, which at the midpoint would represent a sequential increase of 55.6% over the fiscal first quarter 2018. Our expectations may change as we continue development of our financial statements for the quarter.

Webcast

ShiftPixy will host a webcast at 5:00 p.m. Eastern Time on Monday, January 22, 2018, to discuss financial results for the 2018 fiscal first quarter. Investors can access the webcast through the ShiftPixy website at https://ir.shiftpixy.com.

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider, 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 on Forms 1-A and 10-Q 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.

CONTACT:
Media:
Clark Wilson
clark.wilson@shiftpixy.com888.798.9100

Investors:
InvestorRelations@shiftpixy.com800.475.3655

See the full Condensed Consolidated Balance Sheets at: https://www.otcmarkets.com/stock/PIXY/news/story?e&id=984449

Source: ShiftPixy, Inc.

 

ShiftPixy to Participate in the 20th Annual ICR Conference on January 9, 2018
 

Irvine CA -- Jan. 03, 2018 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a developing, proprietary next-gen technology platform for workforce engagement and management, today announced that Scott W. Absher, Chief Executive Officer, will present at the 20th Annual ICR Conference, one of the largest investment conferences of the year featuring presentations by more than 150 public and private companies, with attendance by institutional investors, private equity professionals, equity research analysts and select media approximating 2,500 in total.

The conference will be hosted at the JW Marriott Grande Lakes Hotel & Resort in Orlando, Florida, and ShiftPixy will present on Tuesday, January 9, 2018 at 4:00 pm ET. To access a webcast of the presentation please visit the investor relations section of the Company's web site at www.shiftpixy.com. A replay will be available for a limited time beginning within one hour of the conclusion of the call.

For more information and registration, please visit the conference website.

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, 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. 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.

CONTACT:
Media:
Clark Wilson
Clark.Wilson@shiftpixy.com
(888) 798-9100

Investors:
InvestorRelations@shiftpixy.com(800) 475-3655

Source: ShiftPixy, Inc.

 

ShiftPixy to Host Breakout Session at Upcoming Fast Casual Executive Summit 2017 in Nashville
 

CEO to Moderate Executive Panel Discussion on “Creating the Ultimate Workforce”
 

Irvine CA -- October 19, 2017 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a next-gen technology platform for workforce engagement and management, today announced that the company will host an executive breakout session at the upcoming Fast Casual Executive Summit 2017 in Nashville, October 22-24. The panel discussion, moderated by ShiftPixy’s Co-Founder and CEO Scott Absher, will dive into the art of finding, training and retaining talent in the restaurant industry.

The session, entitled “Creating the Ultimate Workforce,” is being held at the Omni Nashville Hotel, on Monday, October 23rd, at 11:00 a.m. CT. Absher will be joined for the session by Steve Erickson, President of PDQ Restaurants; Frank Klein, Founder and CEO of Asian Box; David Littlefield, Director of Hospitality and Training, Billy Sims BBQ; and Andrei Stern, Partner and CFO of SuViche.

“ShiftPixy now counts among its new clients some of the largest brands in fast food and fast casual. More and more of the largest brand operators are learning about the ShiftPixy approach and are coming aboard,” said Absher. “We love being able to introduce ShiftPixy at venues like this, speaking to brand leaders and multi-unit fast casual operators about our innovative solution for meeting the changes and challenges they are facing with the modern workforce.”

In its 12th year, the Fast Casual Executive Summit is an exclusive annual event reserved for top-level restaurant leaders and innovators. The event’s interactive sessions delve deep into topics that are on the minds of restaurant leaders today, and the Summit’s format allows the collective wisdom “in the room” to be distilled into concrete, actionable ideas that attendees can take home.

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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 here 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 aforesaid risks or uncertainties 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, financial markets, and credit 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. 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-Q 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.
 

CONTACT:
Clark Wilson (888) 798-9100
clark.wilson@shiftpixy.com

Source: ShiftPixy, Inc.

 

_____________________________________________________
Recent ShiftPixy News and Developments:

 

ShiftPixy Expands Its Board of Directors
 

Irvine CA -- October 2, 2017 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") an on-demand human capital platform that syncs work opportunities from shift-based employers with ready-for-hire workers, announced today that it has retained Whitney White and Sean Higgins to serve as independent directors on its Board of Directors.

From April 2017 to date, Mr. White has been Chief Operating Officer & Chief Technology Officer of Prime Trust, LLC, a Nevada chartered trust company. Prior to his service with Prime Trust, Mr. White spent 17 years with W.R. Hambrecht + Co., LLC., an investment banking, advisory and brokerage firm that was the Underwriter of ShiftPixy’s recently completed Regulation A offering. During his tenure with W.R. Hambrecht + Co., he served in various key roles, including Chief Technology Officer and most recently as Managing Director, Equity Capital Markets. Mr. White earned a bachelor’s degree in computer science & psychology from Hamilton College, a master of business administration degree in finance and accounting from Columbia University’s Graduate School of Business, and he also received a master of business administration degree in technology and entrepreneurship from the University of California Berkeley’s Hass School of Business. Mr. White holds a Series 79 license as an Investment Banking Representative, a Series 24 license as a General Securities Principal, and a Series 7 license as a General Securities Representative. As a member of the board, Mr. White contributes the benefits of decades of leadership and management experience building and advising early stage, technology-driven companies. Mr. White’s investment banking experience brings extensive corporate finance and governance expertise to the board. As a senior technologist, Mr. White brings to ShiftPixy years of experience enabling technology that enhances traditional business processes. Mr. White will serve as chairman of the Compensation Committee and the Nominations Committee, and he will also serve on the Audit Committee.

Mr. Higgins is co-founder and Vice President of Professional Services of Herjavec Group, an information security solutions firm headquartered in Toronto, Ontario, since December 2002. Mr. Higgins earned a bachelor’s degree in computer science from Purdue University and a master of science degree in electrical engineering and applied physics from Case Western Reserve University. As a member of the board, Mr. Higgins contributes his extensive industry, technical, and entrepreneurial experience. Mr. Higgins will serve on the Audit Committee, the Compensation Committee and the Nominations Committee.

ShiftPixy’s CEO, Scott W. Absher, stated that “We are very pleased to have the breadth of experience and talent that these two individuals bring to ShiftPixy. Whit and Sean bring significant technology, finance, governance and information security expertise to ShiftPixy’s board.”

In addition, Mark Absher, presently serving as ShiftPixy’s Registered In-House Counsel, was elected to serve as a Director of the Company. Before his service with ShiftPixy, Mr. Absher served for 11 years as Associate General Counsel of LifeWay, a Nashville based publisher and retail organization. Mr. Absher has also served as legal counsel and advisor to other businesses in the employment services industry. Mr. Absher earned a bachelor’s degree in English education from Bob Jones University and a Juris Doctor degree from The John Marshall Law School in Chicago. Mr. Absher holds licenses to practice law in Illinois and Tennessee and is registered in California to provide legal services as in-house counsel to ShiftPixy, Inc. As a member of the board, Mr. Absher contributes significant industry-specific experience and expertise with regard to the Company’s service offering, having served as legal counsel or advisor to three companies in the employment services industry. In addition, Mr. Absher contributes his knowledge of the business, service offerings and markets, as well his substantial experience assisting in the development of corporate strategy and business operations.

Ken Weaver, Chairman of ShiftPixy’s Audit Committee, stated that “the employment industry is heavily regulated. Mark brings a useful perspective to the Board, seasoned by substantial employment law, transaction, governance and operational experience. We look forward to his contribution.”

To explore the impact of a ShiftPixy approach to human capital management for your business connect with us here:
https://www.shiftpixy.com/contact-us/

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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.

Cautionary Statement:

This information, as well as the information on our website and other items we publish, including through social media outlets, may contain 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. 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. If any of the aforesaid risks or uncertainties 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, financial markets, and credit markets. 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-Q 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.

CONTACT:
Clark Wilson (888) 798-9100
clark.wilson@shiftpixy.com

Source: ShiftPixy, Inc.

 

ShiftPixy to Participate in The MicroCap Conference on October 5th
 

Irvine CA -- Sept. 26, 2017 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") an on-demand human capital platform that syncs work opportunities from shift-based employers with ready-for-hire workers, today announced that Scott Absher, Co-Founder and Chief Executive Officer, will present to the investment community at The MicroCap Conference to be held at the JW Marriott Essex House in New York City on Thursday, October 5, 2017 at 3:00 pm ET.

Investors attending the conference who wish to meet with Mr. Absher for a one-on-one meeting should notify their appropriate MicroCap Conference representative or KCSA to request a meeting.

For more information and registration, please visit the conference website.

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the gig economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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.

For more information, please contact:

Investor Relations:
Garth Russell / Allison Soss
KCSA Strategic Communications
212.896.1250 / 212.896.1267
grussell@kcsa.com / asoss@kcsa.com

Media Relations:
Emma Smith / Nick Opich
KCSA Strategic Communications
212.896.1251 / 212.896.1206
emsith@kcsa.com / nopich@kcsa.com

Source: ShiftPixy, Inc.

 

ShiftPixy to Participate in the Drexel Hamilton 2017 TMT Conference on September 6th
 

Irvine CA -- August 29, 2017 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") an on-demand human capital platform that syncs work opportunities from shift-based employers with ready-for-hire workers, today announced that Scott Absher, Co-Founder and Chief Executive Officer, will present to the investment community at the Drexel Hamilton 2017 TMT Conference to be held at The W Hotel in New York City on Wednesday, September 6, 2017 at 3:30 pm ET.

Investors attending the conference who wish to meet with Mr. Absher for a one-on-one meeting should notify their appropriate Drexel Hamilton contact.

For more information and registration, please visit the conference website.

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the gig economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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.

For more information, please contact:

Investor Relations:
Garth Russell / Allison Soss
KCSA Strategic Communications
212.896.1250 / 212.896.1267
grussell@kcsa.com / asoss@kcsa.com

Media Relations:
Emma Smith / Nick Opich
KCSA Strategic Communications
212.896.1251 / 212.896.1206
emsith@kcsa.com / nopich@kcsa.com

Source: ShiftPixy, Inc.

 

ShiftPixy Opens New Office in New York City
 


Irvine CA -- August 10, 2017 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") an on-demand human capital platform that syncs work opportunities from shift-based employers with ready-for-hire workers, today announced that it will open its first regional office in New York City’s historic Grand Central Station. This regional office will house local sales and client support staff.

This expansion represents a key development for the Company as it continues to establish itself as the premier workforce management platform that meets the needs of the gig economy. ShiftPixy’s human capital management services address formidable challenges for businesses that rely heavily upon a contingent workforce, delivering a revolutionary platform for workforce management that helps them navigate regulatory mandates, minimize administrative burdens, and connect with a capable, ready-for-hire workforce.

“New York City is a crucial market for ShiftPixy, and the opening of our office here marks the first step in our ambitious national expansion efforts,” said ShiftPixy’s Co-Founder and CEO, Scott Absher. “Buoyed by the city’s 24-hour nature, and the economic impact of its leisure and hospitality industries, the gig economy here is thriving.
By establishing a presence in New York City, we are primed to meet the needs of its rapidly expanding contingent workforce, while also broadening our client reach and support throughout the entire Northeast region.”

One recent study estimates that the contingent workforce currently accounts for approximately 34 percent of all U.S. workers, and that figure is expected to increase to 43 percent by 2020. Mr. Absher added: “We are confident that ShiftPixy’s seamless platform will increasingly become an essential tool for employers seeking to maximize business efficiency, while providing workers with access to flexible earning opportunities that offer robust employment and health benefits.”

Following the opening of the New York office, ShiftPixy plans to open additional regional offices in Illinois, Florida and Texas as it continues its expansion efforts in order to meet the needs of employers and shift-workers in the gig economy.

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the gig economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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 Safe Harbor Statement:
Our website and other items we publish, including through social media outlets, may contain 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. 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. If any of the aforesaid risks or uncertainties 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, financial markets, and credit markets. 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-Q 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.

For further information, please contact:

Emma Smith / Nick Opich
KCSA Strategic Communications
212.896.1251 / 212.896.1206
emsith@kcsa.com / nopich@kcsa.com

Source: ShiftPixy, Inc.
 

 

ShiftPixy Launches its Mobile App into the Wild
 


Irvine CA -- August 3, 2017 - ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") a disruptive Gig Economy platform provider, announced that it has launched its shift worker mobile app in both the Android and IOS stores for immediate use by ShiftPixy team members in the field.

The new app has been designed to bridge the gap between providers of shift-based employment and employees looking for additional, hourly opportunities.

ShiftPixy’s Co-Founder and CEO, Scott Absher, stated that “the mobile workforce revolution is in full swing. Today’s launch starts our introduction and engagement process for shift workers who are now part of the ShiftPixy ecosystem. The ShiftPixy platform empowers employers to find fully vetted, onboarded and ready workers to fill needed shifts, while employees who have the time, desire and ability can now find new work opportunities with the best employers looking for their specific skills.”

Absher continued, “Our society is moving towards an on-demand lifestyle from Netflix and Uber to GrubHub, and now ShiftPixy. Our current and growing employee base will be able to onboard themselves with ShiftPixy through the mobile app and begin to manage their personal work lives, giving them the freedom to work when they want, for how long they want, and even for whom they want–as long as the worksite employer is part of the ShiftPixy universe.”

Mr. Absher went on to say that “this launch automates the connection between current ShiftPixy field staff to make the onboarding process very simple and paperless. This app is now an employee’s secure personal gateway to manage their employee data, engage in interactive, real-time scheduling and connect to locally available shift opportunities.”

ShiftPixy plans to roll out important engagement features over the coming weeks—all designed to significantly change the part-time labor market and tackle Gig Economy opportunities and challenges.

To explore the impact of a ShiftPixy approach to human capital management for your business connect with us here:
https://www.shiftpixy.com/contact-us/

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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 Safe Harbor Statement:
Our website and other items we publish, including through social media outlets, may contain 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. 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. If any of the aforesaid risks or uncertainties 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, financial markets, and credit markets. 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-Q 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

Contact:
Clark Wilson (888) 798-9100
clark.wilson@shiftpixy.com
http://www.shiftpixy.com

Source: ShiftPixy, Inc.


 

ShiftPixy, Inc. (Nasdaq: PIXY) to Ring The Nasdaq Stock Market Closing Bell
 


Irvine CA -- July 14, 2017 -- ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company")- What: ShiftPixy, Inc. (Nasdaq:PIXY), a disruptive Next Gen Gig Economy provider of unique insurance products, regulatory compliance services, proprietary human administration tools and variable labor force provider, that plans to enable unemployed, under-employed or part-time and/or full-time individuals to apply for variable shift work from businesses in their local market, will visit the Nasdaq MarketSite in Times Square.

In honor of the occasion, Scott Absher, Co-Founder & CEO, will ring the Closing Bell.
Where:Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
When:Monday, July 17, 2017 – 3:45 p.m. to 4:00 p.m. ET

ShiftPixy Contact:Scott Absher
(888) 798-9100
scott.absher@shiftpixy.com

Nasdaq MarketSite:Emily Pan
(646) 441-5120
emily.pan@nasdaq.com

Social Media:For multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies, please visit our Facebook page:
http://www.facebook.com/NASDAQ.

For photos from ceremonies and events, please visit our Instagram page:
http://instagram.com/nasdaq

For livestream of ceremonies and events, please visit our YouTube page:
http://www.youtube.com/nasdaq/live

For news tweets, please visit our Twitter page:
http://twitter.com/nasdaq

For exciting viral content and ceremony photos, please visit our Tumblr page:
http://nasdaq.tumblr.com/

Webcast:
A live stream of the Nasdaq Closing Bell will be available at:
https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx

Photos: To obtain a hi-resolution photograph of the Market Close, please go to http://business.nasdaq.com/discover/market-bell-ceremonies and click on the market close of your choice.

About ShiftPixy, Inc.

ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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.

For more information on ShiftPixy, please visit the Company’s website at http://www.ShiftPixy.com.

About Nasdaq:Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: http://business.nasdaq.com

Source: NASDAQ, Inc.

 

ShiftPixy Completes its $12,000,000 IPO listing with Nasdaq
 


Irvine CA -- June 29, 2017 --ShiftPixy.com (NASDAQ: PIXY)  ("ShiftPixy® or the "Company"), announced today that it has completed the Company’s initial public offering under the Securities & Exchange Commission’s Regulation A+ framework. The Company has successfully raised $12 Million through the sale of 2,000,000 of its shares to the public at $6.00 per share.

WR Hambrecht + Co, acted as representative underwriter for the initial public offering for ShiftPixy. ShiftPixy will begin trading on the NASDAQ Capital Market on Friday, June 30th under the ticker symbol PIXY.

ShiftPixy Co-Founder and CEO, Scott Absher, stated that: “We want to thank all the folks that have worked very hard these many months to complete our IPO. We also look forward to opening trading Friday on the NASDAQ Capital Market.”

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, 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 manages 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.

About WR Hambrecht + Co

WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Our Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering, when reset, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

Contact:
Clark Wilson
+1-888-798-9100 x 132
clark.wilson@shiftpixy.com

SOURCE: ShiftPixy, Inc.

 

ShiftPixy announces “last call” to purchase its IPO shares
 


Irvine CA -- June 21, 2017 --ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company"), a Wyoming corporation, announced today that it plans to conclude in the near future its IPO on Form 1-A for the offer and sale of shares of its common stock, the successful closing of which will qualify the Company for listing on The Nasdaq Capital Market. The offering is filed under the Securities & Exchange Commission’s Regulation A+ framework, which is open to both accredited and unaccredited investors.

WR Hambrecht + Co. is acting as representative underwriter for the initial public offering for ShiftPixy. For more information, visit https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

ShiftPixy Co-Founder and CEO, Scott Absher, stated that “We are excited to have completed our investor roadshow. The SEC has advised us that they have no further comments on our filing, meaning we can request qualification when we want. We continue to wrap up our selling efforts, and we hope to conclude the offering this week.”

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based businesses navigate regulatory mandates, minimize administrative burdens, and connect them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of experience with workers’ compensation and compliance programs, 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 manages regulatory requirements and compliance with regard to paid time off (PTO) laws, insurance and workers’ compensation, minimum wage increases, and the Affordable Care Act (ACA) as well as other applicable employment related laws and regulations

About WR Hambrecht + Co
WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Legal Disclaimer
No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction. The Offering Circular can be found here: https://www.sec.gov/Archives/edgar/data/1675634/000147793217002404/pixy_1apos.htm

Contact:
Clark Wilson
+1-888-798-9100 x 132
clark.wilson@shiftpixy.com

SOURCE: ShiftPixy, Inc.

 



Reg A+ Initial Public Offering
 

https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

 

 

ShiftPixy continues to prepare its IPO and subsequent listing on The Nasdaq Capital Market
 


Irvine CA -- June 1, 2017 --ShiftPixy.com (NASDAQ: PIXY) ("ShiftPixy® or the "Company") announced today that it has filed with the SEC its IPO on Form 1-A for the offer and sale of shares of common stock, the successful closing of which will qualify the Company for listing on The Nasdaq Capital Market. The offering is filed under the Securities & Exchange Commission’s Regulation A+ framework, which is open to both accredited and unaccredited investors.

WR Hambrecht + Co. is acting as representative underwriter for the initial public offering for ShiftPixy. For more information, visit https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

ShiftPixy Co-Founder and CEO, Scott Absher, stated that “Everyone has worked very hard over many months to secure qualification of ShiftPixy’s IPO Offering Statement with the SEC. In anticipation of the SEC’s qualifying our offering in the near future, we are all excited to start our investor roadshow and other sales activities necessary to successfully close our IPO in the coming weeks.”

About ShiftPixy
ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based businesses navigate regulatory mandates, minimize administrative burdens, and connect them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of experience with workers’ compensation and compliance programs, 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 manages regulatory requirements and compliance with regard to paid time off (PTO) laws, insurance and workers’ compensation, minimum wage increases, and the Affordable Care Act (ACA) as well as other applicable employment related laws and regulations.

About WR Hambrecht + Co
WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Legal Disclaimer

No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.
The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

The Offering Circular can be found here: https://www.sec.gov/Archives/edgar/data/1675634/000147793217002404/pixy_1apos.htm

Contact:
Clark Wilson
+1-888-798-9100 x 132
clark.wilson@shiftpixy.com

SOURCE ShiftPixy, Inc.

 



Reg A+ Initial Public Offering
 

https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

 

 

ShiftPixy Launches App for Workers and Employers Navigating the Gig Economy
 

Powerful, Automated Employee Recruitment and Scheduling App Completes ShiftPixy's Workforce Management and Labor Compliance Ecosystem for Service Industries


ShiftPixy Has Filed A Regulation A+ Offering Circular with the SEC; Will Use A New SEC Regulatory Framework That Allows Non-Accredited Investors The Opportunity To Invest in SEC Registered A+ IPO Offerings.  -  See below for details or go to:
https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/



Irvine CA -- 09/06/16 -- On a day established to honor the American worker,  ShiftPixy.com ("ShiftPixy® or the "Company") announced a new app that automates recruitment and scheduling for shift-driven businesses as part of its complete human capital management (HCM) ecosystem. ShiftPixy's complete HCM ecosystem manages regulatory requirements such as paid time off (PTO) laws, insurance and workers' compensation, minimum wage increases, and the Affordable Care Act (ACA) and helps employers minimize administrative burdens while connecting them to an available workforce.

ShiftPixy is the first to address the challenges of operating in the on-demand, gig economy as an employer of shift workers, in compliance with increasing regulations, including the ACA, through its comprehensive platform. ShiftPixy currently supports 3,500 employees in the workforce and 150 clients through its HCM ecosystem, helping to alleviate costly administrative requirements. The app - available today to ShiftPixy clients - is the latest piece in the ShiftPixy ecosystem, providing a powerful scheduling and recruiting platform that gives operators real-time access to thousands of mobilized, geographically relevant shift workers.

According to co-founder and chief executive officer Scott Absher, the ShiftPixy app and HCM ecosystem are simultaneously pro-business and pro-worker. In addition to helping operators run more efficiently, ShiftPixy serves as the employer to its workforce, helping workers expand earning potential enabling them to secure work from multiple operators in order to supplement part-time hours or reach full time hours and eligibility for health benefits.

"As the gig economy continues to take root in a changing workforce culture, ShiftPixy is revolutionizing the way employees and employers connect at a time when changing regulations have placed stress on operators and workers," said Absher. "Through the ShiftPixy app and our ecosystem of human capital management services, we aim to close the gap between employers, who need more shift workers at fewer hours, and workers, who need more shifts to maintain income."

Empowering Employers in the On-Demand Economy

The app is a logical fit for the millennial generation, a key demographic for shift-driven businesses like restaurants, hospitality and healthcare. Recent research conducted on freelancers in the gig economy shows that 32 percent of millennials believe they will be working mostly flexible hours in the future, and approximately 41 percent of millennials are likely to download applications to use for work purposes in the next 12 months.[1]

"Workers in the restaurant, hospitality and other shift-based industries are being limited to less than 29 hours of work by employers due largely to the implications and expense of the Affordable Care Act, leaving them to cobble together work from various sources in order to earn a living," said Steve Holmes, co-founder of ShiftPixy. "ShiftPixy is bringing dignity back to part-time workers by giving them ability to easily map together work from multiple operators, reach full-time status, and earn benefits."

ShiftPixy App Features and Benefits

The intuitive and user-friendly ShiftPixy app delivers comprehensive, real-time content for workers to identify and submit for available shifts, calculate income and host a video resume. The app's dashboard gives workers - called ShiftPixy Shifters - an at-a-glance status (available or not available for shifts) and a summary of scheduled shifts along with hours, duration, pay rate, the address, distance and time from their present location.

Shifters can browse open shifts, sorting them by starting time and date, rate, distance, role or operator type. Operators review submissions and can access the Shifter's live resume, which is updated in real-time based on completed shifts.

The ShiftPixy app is now available for current ShiftPixy clients and Shifters and will be available to others via iPhone and Android download to access the ShiftPixy ecosystem in Q4 of this year. For more information, visit http://www.ShiftPixy.com.

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management's nearly 25 years of workers' compensation and compliance programs, 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 manages regulatory requirements such as paid time off (PTO) laws, insurance and workers' compensation, minimum wage increases, and the Affordable Care Act (ACA) compliance.

ShiftPixy is on track for an initial public offering in Q4. The initial public offering for ShiftPixy is on track with WR Hambrecht + Co acting as sole underwriter. ShiftPixy is offering its securities under the Regulation A+ framework, enabling non-accredited investors to invest in the company in advance of the IPO. For more information, visit https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

About WR Hambrecht + Co

WRH+Co has been focused on opening up the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Our Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

# # #

ShiftPixy has filed an Offering Circular for the offering of its securities on Form 1-A with the Securities and Exchange Commission but the Offering Circular has not yet become qualified. You may obtain a copy of the most recent version of the Preliminary Offering Circular with the following link:

https://www.sec.gov/Archives/edgar/data/1675634/000147793216011968/shiftpixy_1a.htm

No money or consideration is being solicited by the information on this website or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor's indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering is being made only by means of the Offering Circular. The securities in our offering may not be sold nor may offers to buy be accepted prior to the time our Offering Circular is qualified by the SEC. Any information on our website or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

[1] "Freedom Economy Report," Spera, 2016.

Contact:
Clark Wilson
+1-888-798-9100 x 132
clark.wilson@shiftpixy.com

SOURCE ShiftPixy, Inc.
 



Reg A+ Initial Public Offering
 

https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

 


_________________________________________
Recent SHIFT PIXY News:

ShiftPixy Creates New GIG Economy Model Designed To Avoid Lawsuits; Solves the Independent Contractor Problem!
 

ShiftPixy Workers Are Full-Time Employees But Are Still Independent Contractors To ShiftPixy’s Clients.


Irvine CA -- 07/19/16 -- ShiftPixy.com ("ShiftPixy® or the "Company") a disruptive Next Gen GIG Economy provider of unique insurance products, regulatory compliance services, proprietary human administration tools and variable labor force provider, that plans to enable unemployed, under-employed or part-time and/or full-time individuals to apply for variable shift work from businesses in their local market, today announced that, it has created a new hybrid type worker classification status, designed to avoid the pitfalls inherent in trying to classify shift workers as independent contractors in the traditional GIG Economy model… pitfalls which can lead to crippling litigation.

Just recently, a case was settled with GIG Economy giant Uber for up to $100 million over alleged worker misclassification.

It is no secret that perhaps the majority of the major players in the GIG Economy (Uber, Lyft, Instacart, Postmates, Etc…) have been sued or threatened with litigation… or are rightfully worried about the increasing possibility of litigation that is inherent in the traditional employee as independent contractor classification in the GIG model. And many fear that loss of the gig workforce structure, either by a wave of class-action lawsuits, intervention by regulators, or through the collective action of disgruntled workers, and the gig economy as it now exists may be in serious jeopardy.

Politicians are considering new legislation or regulations and savvy litigation attorneys are pursuing (and winning) judgments that could put many traditional model GIG Economy companies out of business.

And the headlines echo with dire forecasts for the traditional GIG Economy:

• The Gig Economy Won't Last Because It's Being Sued To Death. (Source: Fastcompany.com)

• Uber’s business model under fire. (Source: The Hill.com)

• Uber and the gig economy’s existential litigation threat. (Source: Reuters)

• Grubhub delivery drivers sue over contractor status. (Source: Chicago Tribune)

• Why the Next Uber Wannabe Is Already Dead
• The most valuable startups in America rely on independent contracts. Antiquated labor laws say they may be employees. The on-demand economy hangs in the balance. (Source: Inc.com)

• Good riddance, gig economy: Uber, Ayn Rand and the awesome collapse of Silicon Valley’s dream of destroying your job. (Source: Salon.com)

Whether a company wins or loses a lawsuit… it still has burdened the company with lost time and revenues… not to mention the legal fees and significant size of potential damage awards.

Why all the litigation and talk of new legislation?

It’s because the basic framework of the traditional GIG Economy model is flawed.

These GIG Economy companies regularly classify the people working for them as “independent contractors” rather than “employees” for jobs (gigs). The companies can pay much less for services and in regulatory requirements if their workers are classified as independent contractors. Under state and federal employment laws, workers classified as employees are much more expensive for these companies.

So the common thread of the problem in the lawsuits is that although a company may internally classify workers as independent contractors, under the same federal and state laws mentioned above… they are, in reality, employees… and THAT is the source of the many lawsuits.

“…Where platforms get into legally dubious territory is when they try to claim the advantages of both systems at the same time.” (The Gig Economy Won't Last Because It's Being Sued To Death.)
http://www.fastcompany.com/3042248/the-gig-economy-wont-last-because-its-being-sued-to-death

ShiftPixy’s evolution of the classic GIG model totally eliminates this key weakness in the standard model of treating workers as independent contractors. ShiftPixy’s innovative solution is that they treat their workers as full-time employees but they remain as if they were still independent contractors to ShiftPixy’s clients.

ShiftPixy has embraced the next Gen structure for the GIG economy by making their workers (ShiftPixy calls them “Shifters”) employees of ShiftPixy and lending them out to third party employers in need of additional workers.

The employers get the benefit of having a workforce without the compliance and regulatory burdens that normally accompany their hiring of a regular workforce, particularly ones that exist in industries with many part-time/shift workers such as the restaurant and hospitality industries, ShiftPixy’s initial target market. ShiftPixy and NOT the operating business is the entity that employs these Shifters and handles ACA and other administrative and regulatory compliance matters that accompany the hiring of employees. ShiftPixy totally removes that burden from its operating business clients.

Scott W. Absher, CEO of ShiftPixy said: “The ShiftPixy solution allows employers to avoid mandated regulatory costs and related burdens… it saves them both time and money… which is designed to give them a competitive edge. It also gives the misclassified independent contractor workers the opportunity to receive “full time” wages and healthcare coverage… to be treated as employees… because they ARE employees… they are ShiftPixy employees! The ShiftPixy Next Gen model is a “win-win” for the GIG Economy companies and workers alike. We believe the natural evolution from the classic model of GIG workers being problematically classified as independent contractors, is our best of both worlds model… They are our employees AND also remain working as if they were still independent contractors to ShiftPixy clients.

About ShiftPixy, Inc.

ShiftPixy was formed to take advantage of weaknesses in compulsory insurance markets and new compliance requirements for U.S. businesses where statutory requirements for business owners collide with extremely limited access to the required insurance coverage, particularly health care insurance coverage, and related regulatory compliance issues.

ShiftPixy has developed proprietary technology and client engagement processes that enable the Company create high value on both the employer and the employee sides of the U.S. shift work chasm.

When launched in September, the ShiftPixy mobile app will allow available and qualified shift workers to connect with immediately available shifts from participating ShiftPixy Provider Clients through a simple mobile application. Shift workers or “Shifters” can find shift opportunities within their skill set and geographic range and pick up available shifts when they need the work. ShiftPixy processes the entire workflow on the provider side from offering open shifts, approving a Shifter based on their rich profile, to processing all of the payroll, insurance and regulatory demands for each shift hour worked.


***

For more information on ShiftPixy, please visit the Company's website at www.ShiftPixy.com.


ShiftPixy has filed an Offering Circular for the offering of its securities on Form 1-A with the Securities and Exchange Commission but the Offering Circular has not yet become qualified. You may obtain a copy of the most recent version of the Preliminary Offering Circular with the following link: https://www.sec.gov/Archives/edgar/data/1675634/000147793216010647/shiftpixy_1a.htm

No money or consideration is being solicited by the information in this or any other communication or information on our website, and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering is being made only by means of the Offering Circular. The securities in our offering may not be sold nor may offers to buy be accepted prior to the time our Offering Circular is qualified by the SEC. Any information in this or any other communication or on our website shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

Corporate:

Scott W. Absher, CEO
ShiftPixy, Inc.
1 Venture
Suite 150
Irvine, CA 92618
Scott.absher@shiftpixy.com

 



Reg A+ Initial Public Offering
 

https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/


Overview

The Company is a temporary staffing service provider that contracts with clients with large contingent part-time workforce demands, primarily in the restaurant and hospitality industry, to become the employer and provider of workers to these clients primarily for part-time shift work. ShiftPixy addresses significant temporary staffing management and compliance challenges and significant financial risks of non-compliance presented by Affordable Care Act (ACA) to its target market of middle-tier (100 – 500 employees) restaurant and hospitality businesses. Shiftpixy’s anticipated business and revenue growth will result from the following factors:

  • Large Potential Market.

  • ACA’s Significant Impact on Current and Potential New Clients.

  • Mitigation of ACA and other Insurance Compliance Risks.

  • Marketing Advantages from Strategic Insurance Provider Relationships.

  • New Mobile Shifter App (available late 2016) Will Provide Additional Benefits to Employers and Shift Workers.

  • Ultimate Development of a Shiftpixy Ecosystem.

ShiftPixy currently operates in Los Angeles/Southern California but plans to open additional physical offices in San Francisco, New York, Chicago, Dallas, Orlando, Atlanta, Philadelphia and Las Vegas upon completion of our offering, assuming the maximum offering being raised. These markets collectively account for or allow us to cover 53% of the employers with 50 or more employees in this sector. (Statistics of US Businesses Employment and Payroll 2012; US Census Bureau). ShiftPixy currently serves approximately 155 clients and approximately 3,354 worksite employees.

Legal
PLEASE NOTE: W.R. Hambrecht + Co., LLC urges you to read a company's preliminary offering circular thoroughly before participating in any offering. To receive a preliminary offering circular for this company, click on the link above, call 1-800-673-6476, fax 1-415-551-3123, or write to: 909 Montgomery Street, 3rd Floor, San Francisco, CA 94133.
Public offerings of securities are highly regulated by the Securities and Exchange Commission and self-regulatory organizations. There are a number of regulatory steps that affect the length and closing date of a public offering. These are not controlled by W.R. Hambrecht + Co., LLC or the issuing company.
IMPORTANT: An offering statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become qualified. These securities may not be sold nor may offers be accepted prior to the time the offering statement becomes qualified.
No money or other consideration is being solicited in connection with this information, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form 1-A is qualified pursuant to Regulation A of the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any person's indication of interest involves no obligation or commitment of any kind.
No offer to sell the securities or solicitation of an offer to buy the securities is being made in any state where such offer or sale is not permitted under the "blue sky" or securities laws thereof. No offering is being made to individual investors in any state unless and until the offering has been registered in that state or an exemption from registration exists therein.
The above company description is excerpted from the preliminary offering circular and is not intended to be read except in connection with the review of the entire preliminary offering circular. The complete preliminary offering circular is available by clicking on the “view current filing” link above. This company description may not be printed or downloaded except in connection with the printing or downloading of the entire preliminary offering circular.

Publication of the preliminary offering circular is not a recommendation by W.R. Hambrecht + Co., LLC that any particular investor should purchase the securities described in the preliminary offering circular or that the securities are a suitable investment for any particular investor.
Publication of the preliminary offering circular does not constitute an offer by W.R. Hambrecht + Co., LLC to sell to any person or a solicitation of an offer from any person to buy from W.R. Hambrecht + Co., LLC, the securities described in the preliminary offering circular.

 

https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/

 

 

ShiftPixy Creates Innovative Solution To Employer/Employee Problems Created By Affordable Care Act (ACA); Revolutionizes “GIG Economy” Structure By Creating Its Own Proprietary Workforce To Lend Out To Third Party Employers
 

The ShiftPixy Solution Allows Employers Who Choose To Reduce Employee Work Hours As Their Default Option To Avoid Mandated Regulatory Costs And Related Burdens; Gives Them The Ability To Maintain Workforce Levels While Providing Employees Opportunity To Receive “Full Time” Wages And Healthcare Coverage.

ShiftPixy Management explains why they believe that the Company has the potential to significantly increase revenues in the future.


Irvine CA -- 06/29/16 -- ShiftPixy.com i("ShiftPixy® or the "Company") a disruptive Next Gen GIG Economy provider of unique insurance products, regulatory compliance services, proprietary human administration tools and variable labor force provider, announced that its initial roll-out of its business model in Southern California. Building upon this success, the Company plans to release a new application in early September 2016, that will enable unemployed, under-employed or part-time and/or full-time individuals initially in the nation’s restaurant and hospitality industry workforce, and ultimately in all business’ workforce, to apply for variable shift work from businesses in their local market. Appropriately, this proprietary app is planned for release on Labor Day 2016.

The Company saw that the Affordable Care Act (ACA), while solving problems also inadvertently opened up a whole new market for labor services… and the Company also saw that the shortcomings in the much hyped new class of the service industry, the “GIG Economy,” was not the way to tap into this vast new market.

The GIG Economy is a service industry where workers are expected to operate like mini-businesses. The influence of these kinds of service industry companies is growing. According to an analysis by Greylock Partners, the value of transactions over platforms such as car services Lyft and Uber, grocery delivery service Instacart and courier service Postmates could grow as large as $10 billion this year.”

Scott W. Absher, ShiftPixy Founder & CEO said: “As technology has advanced over the past decade, new internet-based employment platforms emerged which are often referred to collectively as the “Gig Economy.” Many of these platforms, such as Uber (transportation) and Instacart (grocery delivery) regularly engage “contract workers” rather than “employees” for jobs (gigs). Among other reasons, his classification allows companies Uber to operate with 20% to 30% less in labor costs than competition having employees, leading to eye-popping numbers like Uber’s $40 billion valuation or Instacart’s latest $220 million round of funding. Many fear that loss of the gig workforce structure, either by a wave of class-action lawsuits, intervention by regulators, or through the collective action of disgruntled workers, and the gig economy may be in serious jeopardy.  http://www.fastcompany.com/3042248/the-gig-economy-wont-last-because-its-being-sued-to-death

ShiftPixy’s evolution of the classic GIG model, totally eliminates this key weakness in the standard model of treating workers as independent contractors.

ShiftPixy has embraced the next Gen structure for the GIG economy by making their workers (ShiftPixy calls them “Shifters”) employees of ShiftPixy and lending them out to third party employers in need of additional workers.

The employers get the benefit of having a workforce without the compliance and regulatory burdens that normally accompany their hiring of a regular workforce, particularly ones that exist in industries with many part-time/shift workers such as the restaurant and hospitality industries, ShiftPixy’s initial target market. ShiftPixy and NOT the operating business is the entity that employs these Shifters and handles ACA and other administrative and regulatory compliance matters that accompany the hiring of employees. ShiftPixy totally removes that burden from its operating business clients.

The need for the services the Company offers is an unintended result of and has been amplified by the compliance burdens placed upon employers of GIG Economy workers under the Affordable Care Act (ACA). ShiftPixy recognized this need early on and saw it as an opportunity.

As shown by the studies below, the ACA’s new compulsory insurance requirements for US business owners has caused companies to reduce the number of hours worked by employees as their default solution. However, that left them with a need for additional workers to fill the void.

As a result, employers require a greater number of employees who are each working fewer hours than before… and shift workers now need more opportunities to work for different companies in order to maintain their income level.

Scott W. Absher added: “The Affordable Care Act is affecting personnel decisions. A survey of more than 600 small business owners by the Society for Human Resource Management found that 20% of companies surveyed reported they have cut the number of workers they employ. Employers are not required to offer coverage for employees who work less than 30 hours per week. A related study found that 12% of employers nationwide plan to reduce workers' hours as a result of ACA1.”
1 http://www.ncpa.org/pub/st356

One direct casualty of ACA has been the shift worker, with full time employment with one employer becoming a thing of the past as employers dropped hours and shifts to bring their business into ACA compliance by having less than 50 full time employees. Full time employees not only include traditional full time workers working more than 30 hours per week but also requires employers to make complex calculations involving all part time workers to make sure they don’t have part time workers constituting equivalent full time employees.

“There are approximately 26 million part time workers in the United States. Of these,
more than 6 million people are classified as “involuntary part-time workers,” meaning that they would have preferred full-time employment, but were working part time because their hours had been cut back or because they were unable to find a full-time job2.
http://www.bls.gov/news.release/archives/empsit_08072015.pdf

On the other side of the table, due to ACA, in order not to be subject to ACA insurance mandates job providers now had to have more people working fewer hours. The Company has seen that race to meet the new demands and covering new gaps are stressing small business as never before in the US. The new demands have made delivery and cash flows challenging for small employers who provide most of the US employment.

Scott W. Absher, Co-Founder & CEO added: “We have seen that the race to meet the new demands and covering new regulatory requirement gaps are stressing small business as never before. The new demands have made compliance, staffing, and cash flows more challenging for small employers who provide most of the US employment. To address these widespread pain points, ShiftPixy has established a unique and what we believe are a highly desirable suite of services that merge insurance coverage access, operational, compliance and financial support, along with intermediation of shift workers and available shifts at participating businesses.

One valuable aspect of ShiftPixy’s services to employers is access to a large pool of qualified shift workers that are part of the Company’s proprietary ecosystem. Many of these shifters will come into the ecosystem through their current employers who become ShiftPixy clients thus making ShiftPixy the employer of record for their workers. The Company intends to add to the ShiftPixy ecosystem others seeking employment (but not working for ShiftPixy employers) from Company marketing initiatives focused on continuously expanding the pool of available shift workers, initially from the new mobile app the Company will offer in September 2016. These activities will give employers a greater incentive to become ShiftPixy clients by making available to them a greater number of qualified, local shift workers to fill available shifts through marketing to potential shifters outside the ecosystem will occur simultaneously with onboarding additional shifters via new employer enrollment with ShiftPixy.

ShiftPixy will initially target the restaurant and hotel industries, a market comprised of 13 million workers. Management has also identified several additional markets such as New York, Chicago, Dallas and Orlando where ShiftPixy may in the future target for marketing through what it will promote as bringing the same high value type services to these industries as it is now bringing to the restaurant and hospitality industries.

The ShiftPixy Next Gen model for the GIG Economy which we believe the natural evolution from the classic model of GIG workers being problematically classified as independent contractors to their becoming full-time employees ShiftPixy that provides these workers to ShiftPixy clients, their former employers.

ShiftPixy is already generating significant revenue, and has the realistic potential to achieve what few startups can in a short period of time – generate significant annual revenues.

Asher added: “Management has leveraged its expertise and long standing market alliances within the property and casualty producer community to assemble a large backlog of potential Provider Clients for what we believe to be the Company’s unique platform and programs. ShiftPixy now is in the position of being able to select rather than inviting Provider Clients into its proprietary program which we believe will enable ShiftPixy to grow more rapidly and select clients that may add more profitably to our operations.”

The Company stated that its proprietary mobile shifter app will be released on Labor Day 2016.

Absher added: “We call a prospective employee a “Shifter.” We have designed our ShiftPixy mobile app to be the primary entrance into the ShiftPixy ecosystem for a Shifter who was not an employee of an company that became a ShiftPixy client. The user experience on this app is being designed to provide a simple mobile access and opportunity management tool for Shifters to select and manage their shift opportunities. ShiftPixy intends to collect nominal monthly user fees from Shifter participation in the ShiftPixy ecosystem via this app. The ShiftPixy app will also serve as a gateway for Shifters to access perks and benefits an employee of a large company would enjoy. These perks may include health dental and vision coverages, 401(k) or IRA access, and a variety of discounts.”

Media expenditures are planned to support the launch of the mobile Shifter access application. Additionally, the Company’s electronic marketing plan focuses on generating message buzz around the ACA enforcement actions we expect in 2016 will show up in the form of penalties in 2016 for the unprepared employers of 2015. These penalties are steep, potentially in the hundreds of thousands of dollars or more and we expect will gain a great deal of national attention. When this happens, the Company intends to produce a significant volume of publicity around the ShiftPixy compliance solution within the trade and financial media to attempt to attract additional clients.

Our planned B2B digital message program will track hot subject matter surrounding ACA enforcement and compliance and produce additional content we will use to elevate ShiftPixy as an innovative employer solution to these ACA problems

The Company also reported that it has filed with the SEC an Offering Circular on Form 1-A under new Regulation A+. This new SEC regulation allows not only just wealthy accredited or institutional investors but also non-accredited investors… everyday people… the opportunity to invest in A+ IPO’s. For more information go to: https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo-2017/


About ShiftPixy, Inc.

ShiftPixy was formed to take advantage of weaknesses in compulsory insurance markets and new compliance requirements for U.S. businesses where statutory requirements for business owners collide with extremely limited access to the required insurance coverage, particularly health care insurance coverage, and related regulatory compliance issues. ShiftPixy management has leveraged over 20 years of experience in developing and marketing alternative risk programs to address unique business insurance needs into the delivery of a unique and what we believe to be a highly desirable suite of services to merge coverage access with operational compliance and financial support.

ShiftPixy’s management team discovered that recent new demands due to the Affordable Care Act (ACA) were forcing a new compliance layer into the marketplace for our existing and potential Provider Clients which we were forced to aid in addressing for them. Due to the compliance and risk areas of expertise that were core to our client delivery, mastery of an effective solution such as the one we have developed has become essential.

In the work to master and incorporate a means to effectively address the new ACA compliance demands as part of our core service platform we observed that shift work was now very vulnerable. The direct casualty of ACA was the shift worker who is now seeing full time employment with one employer becoming a thing of the past as small employers dropped hours and shifts to bring their business into ACA compliance. The shift worker has now become part of the under-employed and forgotten millions in the US economy.

One the other side of the ACA impact were the job providers who now had to have more people
working fewer hours. The race to meet the new demands and covering new gaps are stressing small business as never before in the US. The new demands have made delivery and cash flows challenging for small employers who provide most of the US employment. CITATION?

ShiftPixy management realized that they were in the prefect position to intermediate a better solution to meet the needs on both the provider and shift worker sides of the new Next Gen labor reality in the US. ShiftPixy has developed proprietary technology and client engagement processes that enable the Company create high value on both the employer and the employee sides of the U.S. shift work chasm.

When launched in September, the ShiftPixy mobile app allows available and qualified shift workers to connect with immediately available shifts from participating ShiftPixy Provider Clients through a simple mobile application. Shift workers or “Shifters” can find shift opportunities within their skill set and geographic range and pick up available shifts when they need the work. ShiftPixy processes the entire workflow on the provider side from offering open shifts, approving a Shifter based on their rich profile, to processing all of the payroll, insurance and regulatory demands for each shift hour worked.

The ShiftPixy provider platform secures and monetizes long-term Provider Client relationships under annual agreements which are not passive or transactional but active and vital to our client’s success. Our product suite is designed to meet critical operational and financial needs and are specifically focused to exploit what we see as the current market weakness, with our goal of placing our value proposition very high with the Provider Clients we target. The ShiftPixy Shifter platform secures and monetizes individuals seeking shift work based on need and availability matched to their specific skills and within their geographic range on a monthly fee basis for access.

ShiftPixy management has leveraged not only its expertise but also its long-standing market alliances within the property and casualty producer community to assemble a very large backlog of Provider Clients anxious for the planned launch of our unique platform and programs. The Company has the unique position of allowing rather than inviting Provider Clients into its proprietary program which allows ShiftPixy to grow rapidly and select Provider Clients profitably.

Our goal for our small business Provider Client business owners is to liberate them to do what they do best, provide high quality service to their customers. Our dedication and mastery of the “dailies” for our Provider Clients and ability to guide through small course corrections keep our Provider Clients on a path free of surprises or risks from failure to attend to and cure small issues before they take root and grow to expensive obstacles to the growth of the business. The resultant freedom our Provider Clients find now allows them to dedicate their focus to the growth of their business. These are truly liberating tools for small business owners on many significant business and personal levels.

ShiftPixy’s primary Client Provider service engagement is contractual and allows Client Providers coverage access, operational and processing bandwidth from which we extract regular residual fee income monthly. Management is developing other high value touch points designed to strengthen and further monetize these Provider client engagements. Shifter user engagements will be monetized by charging for the services but keep the charges at low levels intended to drive mobile app utilization and community growth through not only shift access and opportunity management but personal access to perks an employee of a large corporation might enjoy due to the ShiftPixy economy of scale.

***

For more information on ShiftPixy, please visit the Company's website at www.ShiftPixy.com.

ShiftPixy has filed an Offering Circular for the offering of its securities on Form 1-A with the Securities and Exchange Commission but the Offering Circular has not yet become qualified. You may obtain a copy of the most recent version of the Preliminary Offering Circular with the following link: https://www.sec.gov/Archives/edgar/data/1675634/000147793216010647/shiftpixy_1a.htm

No money or consideration is being solicited by the information in this or any other communication or information on our website, and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering is being made only by means of the Offering Circular. The securities in our offering may not be sold nor may offers to buy be accepted prior to the time our Offering Circular is qualified by the SEC. Any information in this or any other communication or on our website shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

Shift Pixy, Inc.
Irvine CA
www.shiftpixy.com

Source: Shift Pixy, Inc.


About Shift Pixy:

WHY SHIFTPIXY
A powerful scheduling and recruiting platform opening real-time access to thousands of mobilized, contingent shift workers. Benefits for employers:
- Access mobile/contingent workforce in real-time
- Shift ACA reporting & compliance without compromise or failure
- Superior end-to-end technology
- Turn open shifts into a broadcast to several qualified and available shifter candidates
- Cap and decrease escalating workers compensation costs
- “Shifters” (workers) can access and pick shifts real-time through the ShiftPixy mobile app
- Co-employment options for maximizing your growth strategy and liberating your business

HELPING EMPLOYERS
In helping employers take care of their employees, we could see changes and decisions for employers that were resulting in fewer hours for shift workers but leaving gaps or holes in employers’ schedules.

SHIFTPIXY’S SOLUTION
1. ShiftPixy was designed to sync work opportunities from job providers with the open time slots of available shift workers.
2. ShiftPixy manages relationships with job providers to take open shift opportunities that are filling their schedules and offer them as work opportunities to qualified workers without the formal job interview and commitments.
3. The ShiftPixy app allows shift workers to enroll, profile and prequalify based on their work and training experience for open shift opportunities. “Shifters” can earn provider specific qualifications to boost their score and access to more shift opportunities.

SHIFTPIXY ADVANTAGES
ShiftPixy has built a very robust platform that processes and manages over 50 essential and regulated aspects of the job provider’s human capital management demands.

APP FEATURES
- A unified platform to manage and process employee administrative duties.
- CREATE SHIFTS: Schedule gaps and turn them into shift opportunities.
- ADD TO YOUR SCHEDULE WITH ONE TAP: Offer a shift opening or accept a Shifter for the created opening.
- TIME & ATTENDANCE INTEGRATION: The app adapts with most time and attendance systems for easy integration.
- SET UP CUSTOM SHIFT ROTATIONS: Establish and maintain any custom rotation without compromising your compliance demands.
- SPEND LESS TIME SCHEDULING: ShiftPixy tracks and communicates with your fixed and flex staff.
- TRACK PAYROLL & EXPENSES: ShiftPixy is compliance driven; enables you to keep both your fixed and flex team members’ pay management accurate and simple.

THE LEGEND OF THE 40 HOUR WORK WEEK
A regular 40 hour per week job with one employer for 20 years is a thing of the past. Times have changed and people have also changed the way they live and work.

There are new issues driving “full time” employment that are only opening up limited work hours or limited shift opportunities. The cost to keep up with life has changed too. Now you have to hustle and juggle multiple gigs to keep the bills paid.

REGULATORY DEMANDS FORCE TOUGH CHOICES
Being an employer has never been more difficult in America. The changing regulatory environment has created new vulnerabilities for business owners.

ShiftPixy’s expertise with compliance and end-to-end process management allows our clients to shift the risk of regulatory challenges away from their business.





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