ShiftPixy Announces New Alliance with US Wellness
– US Wellness to immediately place 9,000 nurses on the ShiftPixy platform –
– Near-term future plans expected to double scale –
MIAMI, Aug. 24, 2020 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a Florida-based gig engagement platform provider, today announced an important nationwide alliance with US Wellness, a provider of employee wellness programs with a comprehensive suite of services designed to engage and inspire employees toward achieving their wellness goals. Through the alliance, US Wellness will immediately place 9,000 of its nurses on the ShiftPixy human capital management platform, with near-term plans expected to double that staff volume.
“From its inception, ShiftPixy was designed to be rapidly scalable for high volume, fast moving companies such as US Wellness, and we are honored to help with their critical needs by bringing their valued employees onto our sophisticated platform,” said ShiftPixy Co-Founder and CEO Scott Absher. “We will be working diligently with our new partner to immediately on-board 9,000 members of the US Wellness team, followed by an expected additional 11,000 team members over the coming weeks. We couldn’t be more excited to enter this important alliance and look forward to helping US Wellness achieve its vital corporate mission for years to come.”
“With ShiftPixy we saw an immediate opportunity to quickly scale our team and offer valuable benefits and protections to our national clinical staff. ShiftPixy offers us the tools we’ve been looking for to manage our rapid growth and better connect with our field staff,” said Tori Tomlinson, Founder and CEO of US Wellness. “The ability to move quickly to meet the immediate and future demands for COVID-19 testing and other support services for employers was of the utmost important to us. ShiftPixy was the natural choice. We are enthusiastic about this partnership and what it offers to us and our national staff of clinical professionals.”
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
Released August 24, 2020