AIRPORT CITY, Israel,
Jan. 12, 2018 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
applications, concluded a hugely successful first three days at CES
in Las Vegas on January 9th through 11th
and expects continued interest over the next few days from
potential customers, as well as from apparel and tech
media. MySizeID™, the Company's revolutionary patented body
measurement technology, designed to transform the way apparel is
purchased online, is being unveiled at CES. A video that
demonstrates MySizeID's capabilities and benefits for online
retailers was also launched at CES. To watch the video - press
here.
"MySizeID has been received with excitement and enthusiasm
during the first three days of CES. Our booth was visited by a
large number of online retailers seeking to improve their
customers' shopping experience. We had meetings and highly
productive discussions with some of the leading retailers in the
world. Apparel retailers know that their customers prefer to shop
online and simply want to make a purchase that is the right size
the first time they order. We believe that MySizeID provides
the key to unlocking further growth in the multi-billion
dollar online apparel market, while improving economics for
retailers and giving consumers a more satisfying shopping
experience," said My Size CEO, Ronen
Luzon.
"In an online clothing market, estimated to be valued at over
$72 billion in the U.S. alone, 70%*
of apparel returns are size related, while 32%* of shoppers don't
purchase fashion online because of uncertainly around size and fit.
My Size has the technology to address this weakness in the
e-commerce economy and we believe our solutions will deliver clear
financial results for our customers."
MySizeID enables consumers to measure their body using their
smartphones, allowing the application to determine the correct size
for clothing provided online. The technology reflects a conceptual
revolution that may significantly reduce the margin of error
experienced by consumers who purchase the wrong size online and may
increase consumer confidence in online purchases on matters
relating to size.
The Annual CES Trade Show in Las
Vegas is considered among the main platforms for introducing
innovations and advanced technologies. The show attracts over
3,900 companies, manufacturers, developers, tech, software and
hardware experts. Over 170,000 participants of about 150 countries
are expected to participate in the trade show. For more information
about the trade show – press here.
*According to Drapers Etail Report.
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 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. 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:
Eran Yoels
Rimon, Cohen and Co.
Eran@rcspr.co.il
+972-52-440-8020
Dilek Mir
Corporate Profile
Tel: +1-310-591-5619
Mobile: +1-310-430-5659
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SOURCE MySize Inc.