BookJane to Begin Offering XTM’s On-Demand Pay to Healthcare Workforce and XTM Now Delivers Shift Management/Call Outs, Time & Attendance and Gamification to Hospitality and Professional Employer Organizations
MIAMI & TORONTO – December 19, 2022 – XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations specifically for service industries including hospitality, personal care and service staff today announced an exclusive partnership with BookJane to deliver BookJane’s Workforce Management platform to Hospitality and Professional Services Organizations for manufacturing and staffing sectors. This agreement represents the culmination of a multi-month negotiation and includes BookJane’s reciprocal agreement to exclusively offer XTM’s Fintech Platform for on-demand pay to BookJane’s thousands of platform members in the healthcare industries in Canada, US and Europe.
BookJane, a recognized leader in automation for workforce management for healthcare, was identified by XTM as a root-partner in further disrupting the service industry staff recruitment, incentivization, efficiencies and sustainability issues plaguing many hospitality, supply chain and staffing businesses. BookJane’s Uber-like staff rating and in-app shift call-outs and bookings along with time and attendance, geo-fencing and document verification, combined with XTM’s on-demand payment model generates ancillary revenue streams for each company in their respective verticals.
XTM and BookJane have multiple joint installations ready to be deployed and the first installation with Breakaway Staffing http://breakawaystaffing.ca/ will roll-out in early Q1 2023.
“BookJane’s product-set enables us to deliver on our mandate to build out our product stack and add increasing value to our clients,” said Marilyn Schaffer, CEO, XTM. “The programs we are about to roll-out are fully compliant and enable us to increase traction in the U.S. in a meaningful way. Curtis and I are driven, ambitious, aligned and will be presenting our combined solution with confidence that it is the right product, for the right time and market.”
“XTM and BookJane have a natural fit both in User Experience, Culture and our drive for ambitious goals,” said Curtis Khan, CEO, BookJane. “This partnership gives us the ability to scale our platform in new verticals and to continue to help solve the labor efficiencies and the shortage unique to today’s business environment.”
XTM, www.xtminc.com, is a Miami and Toronto-based fintech innovator helping businesses disseminate and provide their workers access to earned wages and gratuities instantly. XTM's Today™ Solution, comprised of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of employees in restaurants, salons and service positions across Canada and the United States. XTM is a global card issuer and real-time payment specialist and our payment platform is used at no charge by businesses to automate and expedite worker payouts and eliminate cash from their ecosystems. XTM's Today solution drives enterprise value with efficiency, helps attract and retain a workforce with a bespoke user experience designed specifically for employees, contract staff and workers in restaurants and personal care services.
BookJane, www.bookjane.com is an award-winning business that has been solving for healthcare labour shortage, automation and staff management, driving staff incentivization, retention and rewards since 2016. BookJane’s mission is to help healthcare facilities streamline their workforce management processes so they can focus on what matters most, providing the best possible care to residents and patients.
Marilyn Schaffer, CEO
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities legislation, including expected performance of XTM, the expectation that businesses with which XTM does business or have committed to do business will in the expected timeline, the continuing trend toward electronic payment methods, the success of XTM’s intended geographic and business expansions, the success of XTM’s new market relationships, and the general conditions and revenues of XTM. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.
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