AIRPORT CITY, Israel,
June 6, 2017 /PRNewswire/ --
MySize Inc. (the "Company") (NASDAQ: MYSZ; TASE: MYSZ),
developer of proprietary, smartphone measurement applications,
announced today that it has hired fashion and internet industry
expert and CEO of All is One Consultancy BV, Claudio Menegatti, to guide the Company's sales
and marketing efforts in the fashion market.
Under the terms of the contract, Mr. Menegatti will promote,
market and sell the Company's technology and associated software
applications to on and offline fashionwear vendors and other
potential customers.
According to Fashion United, the global apparel market is valued
at 3 trillion dollars, 3,000 billion,
and accounts for 2 percent of the world's Gross Domestic Product
(GDP). In 2015, clothing generated $51.5
billion in online sales. While this market is
enormous, so too is the return rate. In the United States alone, $260 billion of goods are returned each year. In
2015, 80% of the returns were clothing and accessories, with
$62.4 billion due to wrong
sizing.
"The apparel market is one of the Company's key current focusses
and one in which we would like to expand our activity and develop a
stream of partnerships. Claudio knows this world well.
Moreover, he brings to the Company a long and successful history of
guiding the strategy, reorganization, business development, market
introduction and hard sales for multi-million dollar companies,
including those in e-commerce. We welcome Claudio to the
MySize family and to working together to make MySizeID and
associated white label products, standards for the on and off line
fashion industry," said MySize CEO Ronen
Luzon.
"The power to always choose the right size during the first
purchase is key to customer satisfaction and retailer success. I am
enthusiastic to join the MySize team and to helping the Company
establish new symbiotic partnerships in the fashion industry," said
Mr. Menegatti.
Prior to opening All is One, Mr. Menegatti was the CEO of Njoy
City BV and broke open the market for emotion recognition
applications for market research and narrowcasting marketing for
Sightcorp. He has been in the online advertisement and e-commerce
area for many online companies and ad-agencies. He also served as a
fundraiser for Amnesty International. He is a graduate of the HTS
Confectie (Management School for Fashion Industries), Amsterdam.
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.
Follow us on Facebook, LinkedIn and Twitter.
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.