AIRPORT CITY, Israel,
June 17, 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 MySizeID is on pace for another
record month and projects it will achieve one million size
recommendations for June, 2020. Monthly traffic, as measured by the
MySizeID engine, has increased 800% over the past four
months.
MySizeID is a size-recommendation solution based on shoppers'
personal body measurements, taken with their smartphone sensors
without using the camera and the retailer's garment specs. 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.
Ronen Luzon, Chief Executive Officer of My Size, commented, "We
are pleased to announce that we are on track to achieve one million
size recommendations for the month of June. Over a four-month
period, we have seen an 800% increase of usage for MySizeID.
Importantly, this represents a user penetration range of just 1%-7%
of MySizeID technology on our customers' respective websites,
illustrating the significant growth potential even among our
existing customers. As time goes on, we believe this number will
grow rapidly as we add new retailers and apparel manufacturers,
reflecting the increased marketing and awareness we are building
around the technology and the way in which it enhances the
consumers' shopping experience."
Mr. Luzon continued, "We continue to experience increased demand
for MySizeID around the world among major retailers and consumers
alike. 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. Despite some delays due to the COVID-19
pandemic, we believe we are on track to reach at least 20 million
size recommendations over the course of 2020, based on a
combination of usage by our current customers and assumed adoption
of MySizeID by prospective customers in our existing pipeline. Size
recommendations are a useful gauge for us since 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."
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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.