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ShiftPixy Appoints John Bissell Chief Operating Officer of ShiftPixy Labs
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
ShiftPixy, Inc. (NASDAQ: PIXY) has appointed John Bissell as Chief Operating Officer of ShiftPixy Labs, a new initiative aimed at providing marketing and support for quick service restaurant operators. Bissell brings over 30 years of experience in the restaurant industry, having previously served as COO for a large franchised restaurant group. His expertise in multi-unit operations is seen as a critical asset for the company's growth strategy in the evolving Gig Economy.
Positive
Appointment of John Bissell as COO expected to enhance operational efficiency.
Bissell's extensive experience in multi-unit restaurant operations brings valuable insight.
Negative
Potential concerns regarding continuity in leadership transition.
MIAMI--(BUSINESS WIRE)--
ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or “the Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the appointment of John Bissell as Chief Operating Officer of ShiftPixy Labs, an innovative new suite of marketing and support services for quick service restaurant operators (QSRs).
“John’s multi-unit operator experience with national brands is a key ingredient for the successful launch of the brands we are incubating within ShiftPixy Labs,” said ShiftPixy Co-Founder and CEO, Scott Absher. “His talent and vision are a rare find, and we are excited to have him head up operations under our ShiftPixy Labs initiative.”
John Bissell has over 30 years of experience in the restaurant industry working for several chains in both corporate franchise services, helping operators run successful businesses, and restaurant operations, running successful multi-unit organizations. John’s most recent position was COO of a large franchised restaurant group in New Mexico and Arizona. Opening more than 100 restaurants, his career has taken him all over the country, managing the processes from site selection to designing, building, staffing and training. John has held multi-unit positions for International Dairy Queen, Taco John’s International and Del Taco Restaurants. He has served on multiple brand operations advisory committees and participated in initiatives to bring new ideas, technologies, menu items, kitchen and building designs and systems to national implementation.
About ShiftPixy ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s more than 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.
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. These forward-looking statements include, among other things, statements regarding the anticipated use of proceeds from the private placement, the anticipated closing date of the private placement and the anticipated filing and effectiveness date for a registration statement related to the resale of the common shares and common shares underlying warrants from the private placement. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of the Company, could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties include, but are not limited to, risks associated with the nature of the Company’s business model; the Company’s ability to execute its vision and growth strategy; the Company’s ability to attract and retain clients; the Company’s ability to assess and manage risks; changes in the law that affect the Company’s business and its ability to respond to such changes and incorporate them into its business model, as necessary; the Company’s ability to insure against and otherwise effectively manage risks that affect its business; competition; reliance on third-party systems and software; the Company’s ability to protect and maintain its intellectual property; and general developments in the economy and financial markets. These and other risks are discussed in the Company’s filings with the SEC, including, without limitation, its Annual Report on Form 10-K, and its periodic and current reports on Form 10-Q and Form 8-K. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD. Further information on these and other factors that could affect the financial results of the Company, is included in the filings we make with the SEC from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of the Company’s website at https://ir.shiftpixy.com/financial-information/sec-filings, or directly from the SEC’s website at https://www.sec.gov. Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, the Company is alerting investors and other members of the general public that the Company will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in the Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.
Who is John Bissell, and what is his role at ShiftPixy?
John Bissell has been appointed as the Chief Operating Officer of ShiftPixy Labs, focusing on marketing and support services for quick-service restaurants.
What experience does John Bissell bring to ShiftPixy?
Bissell has over 30 years of experience in the restaurant industry, including serving as COO for a large franchised restaurant group.
How might John Bissell’s appointment impact ShiftPixy?
His extensive experience is expected to positively influence operational efficiency and strategic growth in the Gig Economy.
What is ShiftPixy Labs?
ShiftPixy Labs is an initiative by ShiftPixy aimed at supporting quick service restaurant operators with innovative marketing and operational services.
