AIRPORT CITY, Israel,
May 17, 2019 /PRNewswire/ -- My Size,
Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the
developer and creator of smartphone measurement solutions, today
announced it has secured its first commercial contracts for
MySizeID, the Company's smart measurement application for fashion
and online retail, following successful pilot programs.
The first retailers that are either in the process of
integrating or have completed integration of MySizeID into their
online stores include: a sustainable fashion brand out of
Europe; one of the world's oldest
and largest manufacturers of music performance group apparel; one
of Europe's largest ready-to-wear
and accessories brands; a premier wedding dress manufacturer; and a
retailer specializing in beachwear and intimate wear. My Size is
also in the integration phase with one of the world's largest
U.S.-based lifestyle brands.
The agreements were executed either directly with My Size, or
through its recently announced collaboration with Shopify and
Lightspeed. Following a short integration period, the newly signed
retailers are able to implement the MySizeID widget into their
online stores for consumer shoppers to use. These online stores
receive more than 3.6 million combined monthly visitors, all of
whom represent potential users of MySizeID following integration.
The retailers pay My Size a monthly licensing fee for continued
usage of the application, with the fee increasing as the retailer's
monthly usage of MySizeID grows.
"We are thrilled to announce we have moved beyond the
development and pilot stages with our first commercial contracts.
We believe the selection of MySizeID by multiple retailers from
across the world validates the need for innovative solutions that
can solve consumer pain points during the path to purchase online –
particularly due to confusion with sizing," said Ronen Luzon, Chief
Executive Officer of My Size.
"We're pleased to have already experienced success with both the
Shopify and Lightspeed marketplaces, both of which listed MySizeID
in their app stores just a short time ago. The Shopify
platform powers over 800,000 businesses in approximately 175
countries. Similarly, Lightspeed's point-of-sale solution
processed over $13 billion in gross
transactions in 2018 alone. Each of these partners
represent a potentially meaningful and highly scalable source of
reoccurring revenue as we expand across the respective platforms
and customer adoption begins to ramp up. Additionally, we
believe these early wins are a significant validation of our
technology to the rest of the industry."
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. MySize'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.
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.
Israel Press Contact:
Yaniv Leibovich
Leibovich Media
yanivleib@gmail.com
+972-54-444-0326
U.S. Press Contact:
Matthew Bretzius
FischTank Marketing & PR
matt@fischtankpr.com
IR Contact:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: MYSZ@crescendo-ir.com
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SOURCE My Size, Inc.