ShiftPixy Announces Corporate Relocation to Miami, Florida
August 20 2020 - 8:00AM
ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement
platform provider, today announced that the Company will be
relocating its corporate headquarters to the city of Miami,
Florida. The relocation is part of ShiftPixy’s strategy, along with
ShiftPixy Labs, to expand its business into the thriving East Coast
restaurant industry. Additionally, the Company is pleased to
announce that the new ShiftPixy Labs Ghost Kitchen will also be
located in the Miami area. The location was selected due to the
Miami area’s rich and diverse food culture, which the Company
expects to provide a strong customer base for both the Ghost
Kitchen Incubator Project and the Incubator Contest. After the
relocation, ShiftPixy’s Irvine, California office will remain open
to continue serving the Company’s growing West Coast customer base.
“Since our launch in 2015, we’ve been proud to
call the city of Irvine our home. Here, ShiftPixy has been able to
build a strong customer base throughout the West Coast, and the
Company’s beginnings in the great state of California will always
be important to us,” said ShiftPixy Co-Founder and CEO Scott
Absher. “With that said, we are excited to begin the Company’s next
growth chapter in the thriving city of Miami. Establishing
our new headquarters in one of the East Coast’s largest cities will
provide the perfect foothold from which to launch our expansion to
cities up and down the Eastern Seaboard.”
Mr. Absher went on to say, “Miami has long been
on our roadmap because of inquiries we have from operators in
Europe and Latin America, and the city is ideal as our base not
only for Eastern US expansion, but for new markets beyond our
borders. I’m also excited to be so close to our new Ghost
Kitchen venture, and we look forward to sharing more exciting news
and details in the coming weeks and months.”
Through ShiftPixy Labs, the Company expects to
provide additional layers of services and engagement, from business
start-up clear through to customer meal delivery. The new
functionality builds on the traditional ShiftPixy gig engagement
platform, which empowers restaurant operators to take full
advantage of their human capital with cutting-edge tools to handle
payroll, compliance and native delivery.
The Company’s new corporate address will be as
follows:
501 Brickell Key DriveSuite 300Miami, Florida
33131
About ShiftPixy
ShiftPixy (PIXY) provides a disruptive human
capital management platform, revolutionizing employment in the Gig
Economy by delivering a next-gen mobile engagement technology to
help businesses with shift-based employees navigate regulatory
mandates, minimize administrative burdens and better connect with a
ready-for-hire workforce. With expertise rooted in management’s
nearly 25 years of workers’ compensation and compliance programs
experience, ShiftPixy adds a needed layer for addressing compliance
and continued demands for equitable employment practices in the
growing Gig Economy.
ShiftPixy Cautionary 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; risks arising from the COVID-19 pandemic or any other
events that could cause wide-scale business disruptions;
competition; reliance on third-party systems and software; our
ability to protect and maintain our intellectual property; and
general developments in the economy and financial markets.
Statements made in connection with any guidance may refer to
financial statements that have not been reviewed or audited. The
Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change, except as required by applicable securities laws.
The information in this press release shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of
that section, and will not be deemed an admission as to the
materiality of any information that is required to be disclosed
solely by Regulation FD. Further information on these and other
factors that could affect the financial results of ShiftPixy, Inc.,
is included in the filings we make with the Securities and Exchange
Commission from time to time. These documents are available on the
"SEC Filings" subsection of the "Investor Information" section of
our website at
https://ir.shiftpixy.com/financial-information/sec-filings, or
directly from the SEC’s website at https://www.sec.gov. Consistent
with the SEC’s April 2013 guidance on using social media outlets
like Facebook and Twitter to make corporate disclosures and
announce key information in compliance with Regulation FD,
ShiftPixy is alerting investors and other members of the general
public that ShiftPixy will provide updates on operations and
progress required to be disclosed under Regulation FD through its
social media on Facebook, Twitter, LinkedIn and YouTube. Investors,
potential investors, shareholders and individuals interested in our
Company are encouraged to keep informed by following us on
Facebook, Twitter, LinkedIn and YouTube.
INVESTOR CONTACT:
Investor.Relations@ShiftPixy.com 800.475.3655
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