12 Retech Corporation
About 12 Retech Corporation
12 combines digital with real-life for a unique shopping experience.
12 brings next-gen shopping technology to retail stores. Our app gives consumers the ability to interact with products, retail stores, and social media on their mobile devices. 12 works with all retail stores and makes shopping easy and fun.
While shopping at your favorite retailer, 12 lets you:
Scan products with your mobile device to view merchandise in more detail.
Buy, hold, or have products shipped to you without waiting in line.
Share your purchase experience with your friends via social media.
Get special product offers with the in-store 12 advertising screen and virtual kiosk.
12 also gathers valuable customer and product information for retailers which helps retailers increase sales, strengthen customer loyalty, and offer additional products to their customers. 12 even provides a tax-free program in certain countries to make shopping easier for tourists and reduce tax-free processing and administration costs for retailers.
12 seamlessly makes the shopping experience more fun for all types of retail stores while increasing sales and exposure by integrating the application with the stores existing inventory and shopping cart platforms.
From August 9, 2017 PR:
"The Merci System (@ ITO-YA) -- our proprietary name for 12 Retech's USXS -- has captured more than 8,000 shopper registrants, with an average of 400 to 500 new shoppers being added per month. The registrants are using the system to search for items they are looking for and to read the bar code on each item at the store in order to get explanations and detailed information."
AS OF OCTOBER 11, 2017
|SHARE STRUCTURE |
|AUTHORIZED SHARES ||500,000,000 |
|OUTSTANDING SHARES |
|TOTAL OUTSTANDING ||75,692,024 |
|COMMON SHARES* ||46,000,000 |
|PREFERRED SHARES* ||5,000,000 |
|FLOAT ||18,416,592 |
| ||*Owned by Officers of RETC |
http://12retech.com/ SOURCE: 12 Retech Corporation
CEO also owns 4.5 Million Series A Preferreds (1:20 to Commons)
https://www.12japan.jp/ - TOKYO, JAPAN
http://www.12hongkong.com - HONG KONG
http://www.12retech.com - USA/CANADA
2009: The first idea
2010: Incorporation of 12 Holding AG in Zurich, Switzerland and 12 Retail Ltd, in Hong Kong
2011: Development started by 12 Retail Ltd.
2011: Partnership with “The Digital Kitchen Ltd.” in Hong Kong for joint development.
2012: Development of USXS (Unifying Shopping eXperience System)
2013: Test in various Hong Kong shops
2013: Patent submitted in U.S.A. and China
2014: Incorporation of 12 Hong Kong LIMITED for the Asia-Pacific operation
2015: International patent submitted in Europe and Asia
2015: Test with countertop mirror (Hong Kong)
2015: Incorporation of 12JAPAN K.K.
2015: Discussion with a major Japanese department store
2016: First complete implementation at Itoya in Tokyo, Japan
2016: Entered a Partnership with TechFirm for the distribution in Japan
12 Retech Corporation Announces It Will Be Acquiring Active Fashion Group Which Will Contribute At Least $20 Million USD In Annual Revenues To The Company.
October 10, 2017 08:30 ET | Source: 12 Retech Corporation
Carson City, NV & Hong Kong, Oct. 10, 2017 (GLOBE NEWSWIRE) -- 12 Retech Corporation (OTC: RETC) announced that it has entered into a Letter of Intent with EP Acquisition Vehicle Corp. to acquire 100% of the stock of Colorado Trading & Clothing Company d/b/a Active Fashion Group located in Denver, Colorado in a stock for stock transaction.
The Active Fashion Group was founded in 1998 and is the designer and manufacturer of lifestyle apparel brands for active men and women under a number of proprietary brands which are Soybu, Colorado Clothing, and Tranquility brands to name a few. The Company primarily sells through major retailers including membership-only warehouse club stores, nationally recognized retail chains, major digital retailers and others. To a lesser extent, the Company also sells through their proprietary e-commerce channels, www.soybu.com, www.coloradoclothing.com, www.activewearusaoutlet.com.
Angelo Ponzetta, 12 Retech's CEO stated, "This is a perfect acquisition and the first step in the implementation of our strategies to enhance shareholder value through revenue and earnings growth. We plan to leverage Active Fashion Group's long-term relationships with major retailers to speed up the acceptance of our cutting-edge retail technology products like the 12 Mirror, 12 Mobile App and 12 Kiosk, that will benefit retailers by making 'shopping an experience again'".
Jeff Schmitt, Active Fashion Group's CEO and Founder, said, "Angelo Ponzetta and his team are a perfect fit for us. 12 Retech will give us access to the capital and expertise we need to expand and Angelo will allow us to operate Active Fashion Group as we already know how to. All of our key employees will remain and are looking forward to the synergistic relationship between 12 Retech and ourselves. I believe in what Angelo is creating with 12 Retech and that's why I agreed to take 12 Retech stock for my stock in Active Fashion Group."
Carolyn Hadden, AFG's Chief of Staff added, "We are excited to become part of 12 Retech Corporation. 12 Retech's talented team complements our experienced staff, bringing new resources and technology that will help us expand our online sales channels and our existing retail relationships such as the Hudson Group and our co-branded Soybu boutiques among many others. By offering 12 Retech’s products and technologies, we will be able to provide new and unique shopper experiences."
Angelo Ponzetta also commented, "It is exciting to know that Active Fashion Group will be the first of several planned acquisitions that we plan to operate under our newly formed 12 Retail Corporation. Because there is a great opportunity for us to expand their brands, we are currently interviewing professionals in the digital marketing industry to manage our efforts as we move forward."
Select Financial Information:
For the year ended December 31, 2016, Active Fashion Group posted net revenues of $19.3 million and a proforma adjusted EBITDA after recapture of owner perks of $1.1 million.
Most of the due diligence contingencies have been satisfied and 12 Retech Corporation estimates that the acquisition should be completed before year end. Active Fashion Group already has audited financials, which were completed to PCAOB auditing standards.
SOURCE: 12 Retech Corporation
12 ReTech Corporation Announces The Release Of Its New APP, “12 Sconti” In Europe.
12 ReTech Also Announces Its First Customers For 12 Sconti.
November 9, 2017 08:30 ET
Carson City, NV & Hong Kong, Nov. 09, 2017 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC), announced the release of its new 12 Sconti mobile-app to European retailers. Sconti in Italian means to offer a discount.
The 12 Sconti app for Apple's iPhone and Google's Android smart phones is a mobile application that will push advertisements with special offers from retailers directly to consumers who are in the proximity of their stores. Consumers can receive time sensitive offers from restaurants, hair stylists, convenience stores and many additional types of retailers who would benefit from increased customer traffic to sell their services or products. On their part, retailers can advertise goods with a limited shelf-life or fill appointments in slow business hours.
Angelo Ponzetta, CEO of 12 ReTech commented, “The 12 Sconti app is a nice example of how our Company, as an Omni-Channel sales enabler, provides a valuable tool for retailers to acquire additional consumer foot traffic at times of their choosing. Mobile advertising and local reach are important to most brick and mortar retailers. The ability to get a consumer’s attention when that consumer is close by, can be invaluable. It helps retailers to sell inventory that they would otherwise have to throw out or provide services at a typically slow time of the day.”
Stefan Guggisberg, CEO of 12 Europe A.G. stated, "For the consumer, 12 Sconti provides a valuable and convenient tool to find offers that they would not be aware of at a time and place where the shopper can take advantage of those offers."
Mr. Guggisberg continued, "We have reached agreement with our first two 12 Sconti clients in Switzerland, Wüst Bäckerei + Konditorei A.G., a Swiss bakery group with 12 locations, and Fresh A.G. a grocery produce wholesaler who has thousands of grocery stores as clients."
“Fresh A.G. plans to introduce 12 Sconti to their entire grocery store distribution channel in Switzerland in an effort to help their grocery clients sell produce to shoppers prior to the expiration of the produce shelf-life.”
The financial details of the arrangement regarding the adoption of the 12 Sconti app by these retailers has not been disclosed for competitive reasons, until more retailers are signed in.
Mr. Ponzetta added, "The release of our 12 Sconti mobile-app is the next step in our plans to sell our 12 Technology Suite to significant retailers in the European market. We are confident that we will close the first European sale of our other integrated technologies before the end of the quarter."
SOURCE: 12 Retech Corporation
July 13, 2017 08:09 ET
12 Retech Corporation Reaches Agreement to Reduce Number of Common Shares Outstanding
HONG KONG, CHINA--(Marketwired - Jul 13, 2017) - 12 Retech Corporation ("12 Retech" or the "Company") (OTC PINK: DVGGD), an innovative retail technology company, is pleased to announce that the Company has reached an agreement with a vendor shareholder to return 3,000,000 shares of its common stock to treasury for cancellation.
Angelo Ponzetta, CEO of 12 Retech, stated, "Reducing the total number of common shares outstanding has increased shareholder value and will give us greater flexibility in financing and making potential acquisitions in the future."
Following the share cancellation there are 75,692,024 common shares issued and outstanding, as of July 12, 2017.
About 12 Retech Corporation
Through its wholly-owned subsidiary, 12 Hong Kong Limited, 12 Retech is the developer of the patented "12" next-gen retail shopping technology which seamlessly combines cutting edge digital tech and social networking with a real-life, for fun and unique shopping experience.
Established in 2010, 12 fully integrates in-store, online, and mobile shopping experiences with its patented smart 12Mirrors, 12Mobile app, and 12Kiosks, while an interactive advertising screen provides special offers from shops, restaurants, and service providers. 12 simultaneously meets the needs of shop owners and customers, making in-store shopping fun and entertaining. 12 Retech currently has operations in Hong Kong.
Safe Harbor Declaration
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to many risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.
12 Retech Corporation