AIRPORT CITY, Israel,
June 9, 2020 /PRNewswire/ -- My Size,
Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
solutions, announced today that it has hired two new sales
executives in Paris, France to
join the My Size sales team, Philippe
Bornstein and Juan Camilo Franco.
As a leading measurement technology company, My Size has
experienced increasing demand for its MySizeID and BoxSize
solutions amid the COVID-19 pandemic. The team will be dedicated to
serving existing My Size partners and customers and will also be
introducing the My Size technology to European retailers that are
looking for contactless solutions. Contactless retail solutions are
a high priority for retailers, due to the need to safely bring
customers back into retail brick and mortar stores.
"With the growing number of European retailers integrating My
Size's solutions into their retail operations, we've found a need
to establish a footprint in Europe
– one that requires a more local presence within the market," said
Ronen Luzon, Chief Executive Officer of My Size. "Paris is at the forefront of the apparel
market and the addition of these two new sales executives marks a
significant step, especially in light of the current pandemic. The
French apparel market is estimated to reach over $9 billion in 2020, which does not include French
exports around the world. We recently strengthened our
balance sheet by raising approximately $5.0
million in May which gives My Size a solid runway for
strategic growth in order to strengthen our position within
international markets, especially in Europe and in the US. As we look forward to
the global reopening of the retail industry, we believe our
presence in France allows us the
opportunity to reach even more brands and customers."
As quarantine restrictions are being lifted globally, retailers
are prioritizing the touch-free shopping experience in order to
safely and responsibly attract customers back to their stores.
MySizeID offers consumers a contactless sizing solution that adds a
layer of safety and streamlines the return process for shoppers.
Similarly, the company will be focused on expanding its
distribution of BoxSize, an intuitive parcel measurement app that
help distributors improve operational efficiency and reduce
operating expenses. The new hires also fall in-line with recent
expansion efforts that include forming a new subsidiary in
Russia.
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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. 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.
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.