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 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
October 12, 2017 08:30 ET
12 Retech Corporation Demonstrates Its Fully Operational Technology to European Business Leaders at ITOYA's Flagship Retail Store in Tokyo.
October 12, 2017 08:30 ET | Source: 12 Retech Corporation
Carson City, NV & Hong Kong, Oct. 12, 2017 (GLOBE NEWSWIRE) -- 12 Retech Corporation (OTC: RETC) announced today that it has welcomed a group of European business leaders at ITOYA's Flagship Retail Store in Tokyo to demonstrate in a live tour the features and value proposition of its interactive technology that directly integrates most inventory- management and point-of-sales systems, providing a complete retail solution.
Angelo Ponzetta, CEO of 12 Retech Corporation, commented “We are pleased to announce that we recently hosted a tour for 20 business executives from Germany at Itoya's Flagship Retail Store in Ginza, Tokyo's famous upmarket shopping, dining and entertainment district. These executives were particularly interested in the 12 Mirror and its abilities to showcase product offerings as well as the 12 Mobile App, allowing consumers to share their experiences with their social media friends and family. We are optimistic that there will be several opportunities to expand our business in Europe as a result of this tour.”
“In essence, we demonstrated the ability of our system to collect valuable data on the consumers through their individual interactions with our 12 Mirror, like recording what products interest them, enabling the retailers to offer the same enticements and product offerings at any time via our 12 Mobile App. Our technology not only draws in consumers to the stores but also allows the retailers to reach the consumers at later dates with offerings specifically targeted to each one of them.”
“We believe that our system and proprietary technologies provide retailers positive ways of influencing people and get more foot traffic into their stores. In addition, we are demonstrating the different ways the retailers can reach these same consumers after they have left. The ability to reach consumers via timely touch points should result in better comps for retailers who implement our technologies as well as e-commerce growth.”
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