My Size Inc (NASDAQ:MYSZ) has obtained two letters from The Nasdaq platform suggesting that it has regained compliance with the guideline of minimum bid price and the market value of traded securities. Nasdaq further suggested that, depending on company’s full compliance, the firm’s stock will continue to trade on the Nasdaq platform.
The buzz
Ronen Luzon, the CEO of My Size, expressed that they are extremely delighted to be in compliance with Nasdaq’s listing guidelines. They remain committed to developing unique smartphone based measurement know-hows which can significantly enhance the physical and online retail shopping experience and to offering long-term value to their shareholders.
MySizeID™ smartphone-dependent body measurement technology to be showcased to prospective retail consumers at NRF, a place for introducing the newest innovations, solutions and technologies that are changing the retail market.
In unrelated news, My Size reported that its executives, counting CEO Ronen Luzon, are participating at NRF 2018 where they plan to perform high-level discussions with retailers interested in adopting and evaluating company’s MySizeID™ body measurement know-how.
National Retail Federation as “Retail’s Big Show,” brings together the leading gathering of industry experts from across the world. Attendees learn the recent retail trends and get an unmatched view into the way retail brands of different sizes are revolutionizing themselves for the digital arena. The event provides innovative networking prospects and a glimpse of the latest solutions and technologies for retailers.
MySizeID allows its customers to measure their body utilizing their smartphones, enabling the application to decide the correct size for clothing bought online. The application comprises the application of a technological innovation that the firm considers will significantly lower the margin of error witnessed by consumers who buy the wrong size online and hence increase customer confidence in web purchases on all the matters pertaining to size.
