Benzinga | Jun 9, 2021 08:04AM EDT

My Size 9.99% Shareholder, Custodian Ventures, Issues Open Letter Encouraging Co. To 'Unite To End Destruction Of Shareholder Value'

States the Company's Existing Business Strategy Has Failed to Create Value for Stockholders

Believes the Board Must be Held Accountable for Rewarding Management with Bloated Compensation Packages and Egregious Perks

Expresses Serious Concerns with the Board's Recent Decision to Dilute Stockholders in Dubious Transaction

Believes Transaction Lacks Business Purpose and Serves Solely to Entrench the Board Ahead of Upcoming Election Contest

Encourages Stockholders to Unite and Let Their Voices Be Heard at the 2021 Annual Meeting





NEW YORK, June 9, 2021 /PRNewswire/ -- Custodian Ventures LLC (together with its affiliates, "Custodian Ventures"), as the largest stockholder of My Size, Inc. ("MYSZ" or the "Company") (NASDAQ:MYSZ) prior to the Company's recent dilutive transaction, with an ownership interest of approximately 9.99% of the Company's outstanding shares, today delivered an open letter encouraging MYSZ stockholders to unite to end the destruction of stockholder value at the Company and hold the Board of Directors and management accountable at the 2021 Annual Meeting of Stockholders, the date of which will be announced by the Company in the coming weeks.

The full text of Custodian Ventures' open letter to MYSZ stockholders can be accessed at www.saratogaproxy.com/MYSZ