AIRPORT CITY, Israel,
Jan. 9, 2020 /PRNewswire/ -- My Size,
Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the
developer and creator of smartphone measurement solutions, today
announced that the Company projects over 20 million size
recommendations in 2020 for MySizeID. MySizeID is a
size-recommendation tool based on shoppers' personal body
measurements, taken with their smartphone sensors without using the
camera.
Ronen Luzon, Chief Executive Officer of My Size, commented, "We
continue to gain traction around the world among major retailers
and consumers alike, since launching our MySizeID app in September
of 2018. Specifically, MySizeID is generating significant
industry buzz due to our proven ability to reduce returns and
increase shopper conversions. By incorporating MySizeID into the
eCommerce platform for large, middle, and small market retailers,
we have repeatedly demonstrated our ability to increase our
clients' revenues and lower their operating costs."
"Our various pricing plans with our customers are generally
based on Price Per Size Recommendations (PPSR), which vary between
$0.01- $0.10, plus a yearly maintenance fee. According
to our projections, which are based on a combination of usage by
our current customers and assumed adoption of MySizeID by
prospective customers in our existing pipeline, we believe MySizeID
will generate at least 20 million size recommendations over the
course of 2020, with customer usage increasing exponentially over
time."
Mr. Luzon continued, "We are experiencing increasing demand from
retailers worldwide that are looking for a turnkey solution that
helps consumers choose their appropriate size and fit while
shopping online. Our technology helps consumers to buy with
confidence, enhance the shopping experience, and foster brand
loyalty."
The MySizeID app is a turnkey solution that helps any online
shopper choose the appropriate apparel size for that specific
brand, based on the shopper's real-time body measurements. My
Size's innovative technology enables consumers to measure
themselves once using their smartphone and then be matched with a
brand-specific apparel item in their size.
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About My Size, Inc.
My Size, Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique
measurement technology based on sophisticated algorithms and
cutting-edge technology with broad applications including the
apparel, e-commerce, DIY, shipping and parcel delivery
industries. This proprietary measurement technology is driven
by several algorithms which are able to calculate and record
measurements in a variety of novel ways. To learn more about My
Size, please visit our website: www.mysizeid.com. We routinely post
information that may be important to investors in the Investor
Relations section of our website. Follow us on Facebook, LinkedIn,
Instagram and Twitter.
Please click here for a demonstration of how MySizeID provides a
full sizing solution for the retail industry.
Register here for a one-month free trial of MySizeID solution
for your online store.
Please click here to download MySizeID for iOS.
Please click here to download MySizeID for Android.
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, including statements with
respect to the projected number of size recommendations. 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. Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. 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.
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Israel Press Contact:
Yaniv Leibovich
Leibovich Media
yanivleib@gmail.com
+972-54-444-0326
U.S. Press Contact:
5W Public Relations
mysizeid@5wpr.com
IR Contact:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: MYSZ@crescendo-ir.com
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SOURCE My Size Inc.