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12 Retech Corporation (RETC)

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Last Post: 9/25/2017 8:35:55 AM - Followers: 65 - Board type: Free - Posts Today: 8

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.
 


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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."


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AS OF SEPTEMBER 15, 2017

SHARE STRUCTURE
12RETECH (RETC)
AUTHORIZED SHARES 500,000,000
OUTSTANDING SHARES
TOTAL OUTSTANDING 80,692,024
COMMON SHARES* 46,000,000
PREFERRED SHARES* 5,000,000
FLOAT 29,692,024
  *Owned by Officers of RETC
 








CEO also owns 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




12JAPAN


Chronological Events

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


Image result for retech corporation

http://12retech.com/



SOURCE: 12 Retech Corporation

12 Retech Corporation

August 02, 2017 09:00 ET

12 Retech Corporation to Acquire 100% of 12 Japan Limited

 

 

HONG KONG, CHINA--(Marketwired - Aug 2, 2017) - 12 Retech Corporation ("12 Retech" or the "Company") (OTC PINK: RETC), an innovative retail technology company, is pleased to announce that the Company has entered into a Share Exchange Agreement (the "Agreement") to acquire 100% of 12 Japan Limited, the Japanese incorporated company developing and marketing 12 Retech technologies for the Japan market. As a result of the Agreement, 12 Japan shall become a wholly-owned subsidiary of the Company.

Angelo Ponzetta, CEO of 12 Retech, commented, "Acquiring and combining with the strengths of 12 Japan will created a larger and more versatile 12 Retech with a stronger corporate structure, deeper management team, and greater marketing capabilities across Asia. We look forward to continuing our work together to expand installations and operations with several potential new retail partners around the world."

Pursuant to the Share Exchange Agreement, the Company will acquire 100% of the issued and outstanding equity of 12 Japan in exchange for Five Million (5,000,000) restricted shares of RETC Common Stock; and, (ii) Five Hundred Thousand (500,000) shares of RETC Series A Preferred Stock. The Agreement contains customary representations and warranties. Additionally, the Agreement required that concurrently with closing, the Company facilitate the cancellation of Five Million (5,000,000) of RETC Common Stock currently beneficially owned by the Company's officers and directors; and the cancellation of Five Hundred Thousand (500,000) of RETC Series A Preferred Stock currently beneficially owned by the Company's officers and directors. Collectively, such shares shall be cancelled and returned to the Company's treasury. 

Following the above-mentioned issuance and subsequent cancellation of identical corresponding numbers of common and preferred shares, the total issued and outstanding common and Preferred Series A shares issued and outstanding remain unchanged.

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.

 

SOURCE: 12 Retech Corporation

12 Retech Corporation

June 27, 2017 08:00 ET

12 Retech Corporation Completes Name Change and Forward Split for Planned Acquisition

 

 

SANTO DOMINGO, DOMINICAN REPUBLIC--(Marketwired - Jun 27, 2017) - 12 Retech Corporation fka Devago, Inc. ("12 Retech" or the "Company") (OTC PINK: DVGGD) is pleased to announce that the Company has completed a corporate name change and 6-1 forward stock split as part of its planned acquisition of 12 Hong Kong Limited, a Hong Kong Special Administrative Region corporation. 12 Retech has been notified by FINRA that the additional "D" will be appended to the Company's trading symbol for 20 business days and that the trading symbol will subsequently be changed to RETC on or about July 21, 2017. 

12 Hong Kong Limited ("12RT") is the developer of the "12" next-gen retail shopping technology which seamlessly combines cutting edge digital tech and social networking with real-life for a fun and unique shopping experience. 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. 12RT currently has operations in Hong Kong and Japan.

12 Retech has entered into a Share Exchange Agreement with 12RT and its shareholders to exchange 100% of the issued and outstanding shares of 12RT for an aggregate of Fifty-Five Million (55,000,000) shares of Company stock, consisting of: (i) Fifty Million (50,000,000) shares of post-split Company common stock; and, (ii) Five Million (5,000,000) shares of Company Series A Preferred Stock. Following the closing of the Share Exchange Agreement, 12RT shall become a wholly-owned subsidiary of the Company. 

The Share Exchange Agreement contains the following conditions to closing and the closing of the Share Exchange shall only occur once the following conditions have been satisfied: (i) the Company completes a name change to more accurately reflect the post transaction nature of its business (now completed); (ii) the Company completes a six-for-one (6:1) forward split of its common stock (now completed); (iii) the Company increases its authorized shares of Common Stock from the present amount of 100,000,000 to 500,000,000 and decreases its authorized shares of undesignated Preferred Stock from the present amount of 100,000,000 to 50,000,000; (iv) the Company shall, concurrently with the closing of the Share Exchange Agreement, facilitate the cancellation of 19,800,000 shares of its restricted common stock and such stock shall be returned to the Company's treasury; and, (v) 12RT shall provide the Company with financial statements, including audited and interim financial statements as necessary, with such financial statements being prepared by an independent accounting firm registered with the Public Company Accounting Oversight Board (PCAOB).

The Company anticipates all conditions to closing of the Share Exchange Agreement to be satisfied shortly and that closing will occur within the next few days.

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.

 
 
 

SOURCE: 12 Retech Corporation

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.

 

Contact Information

 

Contact
12 Retech Corporation
Investor Relations
investors@12retech.com

 




 


 


 
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PostSubject
#1649  Sticky Note This is cool...This is the RETC app being The Rainmaker 09/09/17 08:58:28 PM
#699  Sticky Note 12 Retech Corporation Hires TEN Associates, LLC for surf1944 08/15/17 09:03:36 AM
#477  Sticky Note NEWS! https://www.otcmarkets.com/stock/RETC/news DEADSKY 08/09/17 09:07:15 AM
#3218   Cat says huge run this week, and $.50+++ QServus 09/25/17 09:26:18 AM
#3217   Good morning Q....how's the cat feeling about RETC? Cordova1047 09/25/17 09:25:17 AM
#3216   Good morning RETC QServus 09/25/17 09:22:24 AM
#3215   Hopefully he can prove to all of us Ian345 09/25/17 08:35:55 AM
#3214   1 in 5 chance news is today, IR rwiltonl 09/25/17 08:16:56 AM
#3213   soon everyone will forget about big dump and billy the kid1 09/25/17 08:07:23 AM
#3212   another way is to pump price up to billy the kid1 09/25/17 07:49:29 AM
#3211   He's a playa haha I hope he helps QServus 09/25/17 12:38:20 AM
#3210   You should do a Facebook search for Tom rwiltonl 09/24/17 11:30:01 PM
#3209   Sensible answer, but we're waiting for news 1.5 QServus 09/24/17 11:25:37 PM
#3208   Cordova - I am not expecting any news boston127 09/24/17 11:02:38 PM
#3207   Cordova - I agree. But, until they boston127 09/24/17 10:59:27 PM
#3206   I am expecting some news this coming week Cordova1047 09/24/17 10:09:22 PM
#3205   Let's get some juicy warrant funding. $1.00-$2.00 a QServus 09/24/17 10:08:18 PM
#3204   Haha I totally agree with you. But his QServus 09/24/17 10:07:09 PM
#3203   Don't you think saying things like that on Cordova1047 09/24/17 10:02:36 PM
#3202   Agree he went public to attract funding thus rwiltonl 09/24/17 09:46:53 PM
#3201   I agree that the 12 Japan closing is rwiltonl 09/24/17 09:31:08 PM
#3200   What really interests me, and I don't know QServus 09/24/17 09:03:31 PM
#3199   Well it's not just one news. CEO alluded QServus 09/24/17 08:41:08 PM
#3198   I am hoping this weeks news is not The Rainmaker 09/24/17 08:35:28 PM
#3197   Here QServus 09/24/17 03:34:18 PM
#3196   hi, can you show us the twitter statement? jb29 09/24/17 03:17:56 PM
#3195   He also posted on his twitter that news QServus 09/24/17 02:52:53 PM
#3194   I guess we will find out soon. Cordova1047 09/24/17 02:52:04 PM
#3193   RETC will have a solid week imo. I don't QServus 09/24/17 01:28:18 PM
#3192   RETC will take care of itself. Lets Cordova1047 09/24/17 01:01:50 PM
#3191   From the standpoint of a normal pullback - LAQUEST 09/24/17 05:31:57 AM
#3190   It has a bit of an effect. I Red777 09/24/17 01:40:40 AM
#3189   PRESS RELEASE TO BE ISSUED ON TUESDAY, AUGUST Cordova1047 09/23/17 10:48:08 PM
#3188   How many of you here seriously think and Cordova1047 09/23/17 10:39:35 PM
#3187   My gut feeling is that we open at Cordova1047 09/23/17 10:34:06 PM
#3186   If it was going lower than the slow Cordova1047 09/23/17 10:22:25 PM
#3185   So the news next week will set tone QServus 09/23/17 10:12:04 PM
#3184   I think it’s as bottom as it’s going kaweah 09/23/17 10:04:46 PM
#3182   do you think that we have hit bottom?? jb29 09/23/17 08:56:56 PM
#3181   Right - It's better if the Co. anniciates LAQUEST 09/23/17 08:54:36 PM
#3180   You're thinking of a forward split, what AAPL hydr0gen1 09/23/17 08:47:46 PM
#3179   That looks about right on the chart. I'm LAQUEST 09/23/17 05:27:39 PM
#3177   Originally I thought it was 2013, but it QServus 09/23/17 05:04:40 PM
#3176   Do you remember what year that was? LAQUEST 09/23/17 04:58:24 PM
#3175   At the time of the run, there was QServus 09/23/17 03:44:35 PM
#3174   Do you happen to know how many shrs LAQUEST 09/23/17 03:43:00 PM
#3173   It is right. Company had a couple reverse QServus 09/23/17 03:24:25 PM
#3172   I was just looking at a chart going LAQUEST 09/23/17 03:23:00 PM
#3171   Q said it was LEXG..Heres the chart http://www.profitspi.com/stock-chart- The Rainmaker 09/23/17 02:49:52 PM
#3170   Thanks for this update "R' - I think LAQUEST 09/23/17 02:25:43 PM
#3169   OK, I understand. See if you can find LAQUEST 09/23/17 02:20:10 PM
#3168   RETC is up 124% for the month we The Rainmaker 09/23/17 02:03:28 PM
#3167   Its not really negative chatter....all we did was The Rainmaker 09/23/17 01:48:23 PM
PostSubject