NEW YORK, Feb. 10, 2022 /PRNewswire/ -- Transfix Inc.
("Transfix"), a leading, next-generation digital freight platform,
announced today a new partnership with The Trucking Fitness Company
(TFC) to encourage the best possible health and livelihood for
drivers across the country.
Truck drivers live a unique lifestyle, filled with a significant
number of constraints that make it difficult to prioritize personal
health. Transfix understands the challenges that come with being on
the road and has made it their priority to support the trucking
community's health and wellness this year. These constraints have
only been magnified due to the bottleneck supply chain issues
brought on by the pandemic.
"Drivers play a crucial role in our supply chain, their overall
health and well-being is important to us and we always want them to
feel their best," said Guy Byars,
Senior Vice President, Carrier Growth, Transfix. "A key initiative
for our company this year is to continue our investment in the
trucking community's health and wellness, which is why partnering
with The Trucking Fitness Company was a no-brainer for us. We're
confident that this partnership will continue to make a positive
difference and improve the community's quality of life."
By joining forces with TFC, Transfix will provide access to
discounted memberships designed to help kickstart drivers' health
and wellness journey with the Trucking Fitness Company starting
March 1, 2022. This will provide
drivers access to daily personalized workouts via the TFC app that
takes into account their individual current fitness level. The
workouts can be done inside the truck, outside of the truck, or
even at home. In addition, TFC provides a habit-based nutrition
coach that partners with the drivers to help them lose weight and
gain energy, by identifying healthier food options on the road for
any food outlet, which is just one more way they're striving to
improve drivers' overall health.
"TFC is on a mission to help as many truck drivers as possible
with their health and wellness,'' said Mark
Manera, Founder, The Trucking Fitness Company. "I started
the company following my physical therapy experience and seeing
first hand the toll a lifetime of truck driving can do to the body.
Working with Transfix, a leader in the freight space, will allow
our fitness and nutrition app to get into the hands of hundreds of
truck drivers that offer them a user-friendly solution to staying
healthy on the road."
Transfix sought out this partnership following a survey that was
completed during National Truck Driver Appreciation Week 2021
(NTDAW). They asked drivers what's holding them back from
exercising on the road and 24 percent of drivers said they don't
have time, 19 percent claimed they don't have the right equipment,
and 45 percent said they don't have either. In addition, 74 percent
of Transfix's network of drivers believe there are not enough
healthy food options on the road. Building on the momentum from
NTDAW, this partnership with TFC will provide truck drivers with
the tools to work out more and eat healthier.
Transfix's digital freight platform - powered by its proprietary
technology, AI, and automation and underpinned with world-class
operations - is transforming the traditional and digital freight
sector, bringing together the world's best shippers and carriers,
and delivering a transparent, trusted, and sustainable freight
ecosystem. Transfix works with some of the largest Fortune 500
companies as well as mid-and small sized shippers, and has built a
strong carrier community across the U.S.
As announced on September 21,
2021, Transfix has entered into a definitive business
combination agreement with G Squared Ascend I Inc. (NYSE: GSQD), a
special purpose acquisition company sponsored by affiliates of G
Squared, that is expected to result in Transfix becoming a publicly
listed company. Completion of the business combination is subject
to customary closing conditions.
For more information, log on to
https://truckinfit.com/transfix/.
About Transfix
Transfix is a market-leading,
next-generation freight platform transforming the traditional and
digital freight sector while bringing transparency, trust, and
sustainability to the transportation ecosystem. The company
combines deep industry expertise and a world-class class carrier
network with advanced technology. The result? Competitive pricing,
superior service and reliability, and an intelligent platform
designed to optimize the supply chain from start to finish. Today,
some of the world's most recognized brands rely on Transfix's
trusted carrier network. Transfix was named one of Forbes' "Next
Billion-Dollar Startups" and is headquartered in the heart of
New York City. For more
information, visit www.transfix.io.
About The Trucking Fitness Company
Launched in 2020, The Trucking Fitness Company was started by
Mark Manera who worked with many
truck drivers in a physical therapy clinic. While working in the
physical therapy field, Mark saw what a lifetime of truck driving
can do to your back, knees, neck and your shoulders. He also saw
the toll that the high stress, high blood pressure, obesity, lack
of sleep and diabetes can take on your body. From this experience
Mark created The Trucking Fitness Company and built an exercise
program designed specifically for truck drivers with a mission to
change the culture of health and wellness in the trucking
industry.
About G Squared
G Squared is a global venture capital firm that partners with
dynamic companies throughout their life cycles as a complete
capital solutions provider, working to create value for companies,
investors, employees, and other stakeholders. The firm focuses on
investments in growth-stage technology companies and has invested
in over 100 portfolio companies since it was founded in 2011. The
firm's affiliate, G Squared Ascend I Inc. ("G Squared Ascend I"),
offers transformative private companies a path to public markets
via SPAC. For more information on G Squared and its portfolio,
visit: www.gsquared.com. For more information on G Squared Ascend
I, visit: www.gsquaredascend.com.
Media Contacts
Chelsea Horn, Carve Communications
for Transfix
chelsea@carvecomms.com
Mark Manera, The Trucking Fitness
Company
mark@truckinfit.com
Investor Contact
Investors@transfix.io
Important Information and Where to Find It
In connection with the proposed business combination involving G
Squared Ascend I and Transfix, Transfix Holdings, Inc. ("Transfix
Holdings") has filed a registration statement on Form S-4, as
amended (the "Registration Statement") with the Securities and
Exchange Commission (the "SEC"). The Registration Statement
includes a proxy statement of G Squared Ascend I and a prospectus
of Transfix Holdings. Additionally, G Squared Ascend I and Transfix
Holdings will file other relevant materials with the SEC in
connection with the business combination. Copies may be obtained
free of charge at the SEC's website at www.sec.gov. Security
holders of G Squared Ascend I are urged to read the proxy
statement/prospectus and the other relevant materials when they
become available before making any voting decision with respect to
the proposed business combination because they will contain
important information about the business combination and the
parties to the business combination and related matters. The
information contained on, or that may be accessed through, the
websites referenced in this communication is not incorporated by
reference into, and is not a part of, this communication.
Participants in the Solicitation
G Squared Ascend I and its directors and officers may be deemed
participants in the solicitation of proxies of G Squared Ascend I's
stockholders in connection with the proposed business combination.
Transfix and its officers and directors may also be deemed
participants in such solicitation. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of G Squared Ascend I's executive officers and
directors in the solicitation by reading G Squared Ascend I's final
prospectus for its initial public offering filed with the SEC on
February 8, 2021, and the proxy
statement/prospectus and other relevant materials filed with the
SEC in connection with the business combination when they become
available. Information concerning the interests of G Squared Ascend
I's participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set
forth in the proxy statement/prospectus relating to the business
combination when it becomes available.
No Offer or Solicitation
This communication is for informational purposes only and is not
intended to and shall not constitute a proxy statement or the
solicitation of a proxy, consent or authorization with respect to
any securities in respect of the proposed business combination and
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities or constitute a solicitation of any
vote or approval, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Forward Looking Statements
The information in this communication may contain statements that
are not historical facts but are "forward-looking statements''
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and within the meaning of "safe harbor" provisions under
the United States Private Securities Litigation Reform Act of 1995.
All statements, other than statements of present or historical fact
included in this communication, regarding G Squared Ascend I's
proposed business combination with Transfix, G Squared Ascend I's
ability to consummate the transaction, the benefits of the
transaction and the combined company's future financial
performance, as well as the combined company's strategy, future
operations, estimated financial position, estimated revenues and
losses, projected costs, prospects, plans and objectives of
management are forward-looking statements. When used in this
communication, the words "could," "should," "will," "may,"
"believe," "anticipate," "intend," "estimate," "expect," "project,"
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law, G
Squared Ascend I and Transfix disclaim any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this communication. G Squared Ascend I and
Transfix caution you that these forward-looking statements are
subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
either G Squared Ascend I or Transfix. In addition, G Squared
Ascend I and Transfix caution you that the forward-looking
statements contained in this communication are subject to the
following factors: (i) the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the agreements related thereto; (ii) the
outcome of any legal proceedings that may be instituted against G
Squared Ascend I or Transfix following announcement of the
transactions; (iii) the inability to complete the business
combination due to the failure to obtain approval of the
shareholders of G Squared Ascend I, or other conditions to closing
in the transaction agreement; (iv) the risk that the proposed
business combination disrupts G Squared Ascend I's or Transfix's
current plans and operations as a result of the announcement of the
transactions; (v) Transfix's ability to realize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition and the ability of Transfix to grow
and manage growth profitably following the business combination;
(vi) costs related to the business combination; (vii) changes in
applicable laws or regulations; (viii) rollout of Transfix's
business and the timing of expected business milestones, (ix) the
effects of competition on Transfix's business, (x) supply shortages
in the materials necessary for the production of Transfix's
products, (xi) risks related to original equipment manufacturers
and other partners being unable or unwilling to initiate or
continue business partnerships on favorable terms, (xii) the
termination or reduction of government clean energy and electric
vehicle incentives, (xiii) delays in the construction and operation
of production facilities, (xiv) the amount of redemption requests
made by G Squared Ascend I's public stockholders, (xv) changes in
domestic and foreign business, market, financial, political and
legal conditions, and (xvi) the possibility that Transfix may be
adversely affected by other economic, business, and/or competitive
factors. Should one or more of the risks or uncertainties described
in this communication, or should underlying assumptions prove
incorrect, actual results and plans could differ materially from
those expressed in any forward-looking statements. You should
carefully consider the risks and uncertainties described in the
"Risk Factors" section of G Squared Ascend I's final prospectus
filed on February 8, 2021, and
Quarterly Reports on Form 10-Q, in each case, under the heading
"Risk Factors," and other documents of G Squared Ascend I filed, or
to be filed, including the proxy statement/prospectus, with the
SEC. Additional information concerning these and other factors that
may impact the operations and projections discussed herein can be
found in G Squared Ascend I 's periodic filings with the SEC,
including G Squared Ascend I's final prospectus for its initial
public offering filed with the SEC on February 8, 2021. G Squared Ascend I's SEC
filings are available publicly on the SEC's website at
www.sec.gov.
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SOURCE Transfix