AIRPORT CITY, Israel,
March 7, 2017 /PRNewswire/ --
MySize Inc. (the "Company") (NASDAQ:
MYSZ; TASE: MYSZ), developer of proprietary, smartphone measurement
applications, announced today that the company, in cooperation with
PNO Consultants, has started the planning phase of opening a
subsidiary in Poland, which will
include an R&D facility. A team in Poland will be hired to develop a new product
for an existing market.
MySize also announced today that,
through PNO, the Company intends to submit the previously reported
grant proposal to the European Union during Q2/2017. PNO is
preparing and processing the funding applications. The
aforementioned R&D facility will become operational only after
a grant has been approved by the Polish government.
"We are moving forward as planned on
this as well as other fronts," said MySize founder and CEO Mr.
Ronen Luzon. "Our product pipeline
is growing and we plan to continue working hard at finalizing
development and introducing new products to the market that will
improve the shopping experience for the customer and retailer
alike. No matter the product, if it can be measured, our
applications will be there to help."
About PNO Consultants
PNO Consultants provides advice, tools
and solutions for foreign investors interested in green-field or
local joint-venture investments that support development of new
projects with international potential. PNO also helps companies to
secure and leverage public grants and state aid. PNO is actively
engaged in 1500 projects spanning 20 countries and services 450
clients, for which it has raised, collectively, in excess of
897 million euros to date.
About MySize
Inc.
MySize Inc. (TASE: MYSZ) (NASDAQ: MYSZ)
has developed a unique measurement technology based on
sophisticated algorithms and cutting-edge technology with broad
applications including apparel industry, e-commerce, shipping and
parcel industry measurement. This proprietary technology is
driven by several patent-pending algorithms which are able to
calculate and record measurements in a variety of novel ways. To
learn more about MySize, please visit our website.
http://www.mysizeid.com
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Cautionary Statement Regarding
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are identified by the use of the words "could,"
"believe," "anticipate," "intend," "estimate," "expect," "may,"
"continue," "predict," "potential," "project" and similar
expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of
the date of this press release. You should not place undue reliance
on these forward-looking statements. Although we believe that our
plans, objectives, expectations and intentions reflected in or
suggested by the forward-looking statements are reasonable, we can
give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Known material factors that could cause actual results
to differ materially from those in the forward-looking statements
include: an active trading market for our common stock may not
develop on NASDAQ; the trading price for our common stock may
fluctuate significantly; and the Company will continue to be a
"controlled company," as defined under NASDAQ rules, and the
interests of our controlling stockholder may differ from those of
our public stockholders. Forward-looking statements also are
affected by the risk factors described in the Company's filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
Press Contact
Marjie
Hadad
MH Communications
marjierhadad@gmail.com
+972-54-536-5220
SOURCE MySize Inc.