AIRPORT CITY, Israel,
April 20, 2017 /PRNewswire/ --
MySize Inc. (the "Company") (NASDAQ: MYSZ; TASE: MYSZ),
developer of proprietary, smartphone measurement applications,
announced today that the Company received a letter from the Israeli
Postal Service (the "Israeli Post") today terminating its
relationship.
On April 18, 2017, MySize
announced it had entered into a cooperation agreement with the
Israeli Post which was mischaracterized by the Company as a
definitive agreement. On April 19,
2017, the Company issued a corrective press release
explaining that while MySize had submitted a proposal to the
Israeli Post, which was initially received favorably, the parties
had not entered into or signed any formal or definitive agreement,
and did not expect to enter into a formal or definitive agreement
with respect to the pilot program or new services until the
completion of the development and trial periods.
The letter received by MySize today from the Israeli Post
expressed its discontent with the series of events described above
and noted their choice to cease communication with the Company.
About MYSIZE
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.
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.