My Size, Inc. (NASDAQ:MYSZ) technology MySizeID received huge success in the first three days at CES held in Las Vegas from January 9 and 11. The company expects to get more inquiries from potential customers as well as from tech media and apparel for it. MySizeID is a revolutionary patented body measurement technology that is designed to bring a transformation in the way consumers purchase apparels online. The company also recently issued a letter to its shareholders highlighting the achievements of 2017.
MYSZ launched a video at CES that highlighted the capabilities and benefits of MySizeID for online retailers. According to Ronen Luzon, the CEO of My Size, its patented product was received with huge excitement and enthusiasm during the first three days of the Las Vegas event and their booth was visited by a large number of online retailers who were seeking for options to bring improvement in the shopping experience of their customers.
Luzon said that they had meetings as well as highly productive discussions with some of the topmost retailers in the world.
Details of MYSZ’s Letter to Shareholders
MYSZ is known as the leading developer and creator of Smartphone measurement applications. The company recently issued a letter to its shareholders in which it has highlighted company’s achievements of 2017. The letter also intimates the shareholders about how the recent fund-raise of $6 million will help the company to fulfill the growth objectives of the current year.
The letter says that My Size has entered 2018 with a strong momentum on the basis of the advancements in product development, technology, marketing and intellectual property made in 2017 and that the $6 million fund-raise will give the company ability to effectively execute the growth plans of 2018 of the company.
The letter also reveals that My Size will be now focusing on investing in its sales and marketing infrastructure so that it can execute the substantial opportunity that the $72 billion U.S e-commerce retail market can offer to the company. The goals for 2018 include signing up new customer contracts with topmost U.S. retailers for the measurement technologies of the company including TrueSize white label apparel sizing measurement technology and MySizeId platform.