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12 Retech Corporation (RETC)

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Last Post: 8/22/2017 8:06:23 AM - Followers: 29 - Board type: Free - Posts Today: 4

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 -- 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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SHARE STRUCTURE

AS - 500,000,000

OS - 178,959,954

Float - 58,959,954





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
#699  Sticky Note 12 Retech Corporation Hires TEN Associates, LLC for surf1944 08/15/17 09:03:36 AM
#656  Sticky Note Very Interesting excerpts from the June 30/July 8 PRs QServus 08/12/17 11:13:43 PM
#477  Sticky Note NEWS! https://www.otcmarkets.com/stock/RETC/news DEADSKY 08/09/17 09:07:15 AM
#841   No, OTCQB QServus 08/22/17 08:06:23 AM
#840   What number did you call? QServus 08/22/17 08:05:09 AM
#839   when you refer to an uplist - do east_coast 08/22/17 07:14:55 AM
#838   who did you speak with - the phone east_coast 08/22/17 07:10:36 AM
#837   Me too! This is a buy below 3 Red777 08/21/17 11:13:37 PM
#836   Pump & Dump scammers moved stock up from LAQUEST 08/21/17 04:36:28 PM
#835   Market moves on anticipation. An uplist will play QServus 08/21/17 03:39:10 PM
#834   Understood. We'll have our answers soon :-) QServus 08/21/17 03:20:23 PM
#833   Im not concerned about which market tier RETC Smilin_B 08/21/17 03:16:53 PM
#832   You do realize that they want to uplist. QServus 08/21/17 03:05:27 PM
#831   Company Restricted shares from Divago. They clean up QServus 08/21/17 02:27:51 PM
#830   Can anyone tell me how we got to rwiltonl 08/21/17 02:17:11 PM
#829   The head of the New PR firm said LAQUEST 08/21/17 02:07:50 PM
#828   It's fun to just say things ! Cjski68 08/21/17 01:48:07 PM
#827   Gonna be $20 by Friday Cjski68 08/21/17 01:47:29 PM
#826   Im not buying another share of this until Smilin_B 08/21/17 12:49:38 PM
#825   I kind of want this to go lower johnnydutch 08/21/17 12:39:12 PM
#824   I am feeling very good about this stock. QServus 08/21/17 09:28:29 AM
#823   Maybe the I mirror technology system could be rwiltonl 08/21/17 08:43:53 AM
#822   Once 5s start going all we need is QServus 08/20/17 11:38:46 PM
#821   Me too. Down 7%. Averaged in on this Red777 08/20/17 11:29:35 PM
#820   SAJ Thanks for the advice. I agree with imoutasight 08/20/17 10:14:14 PM
#819   Small loss. I am playing this for the QServus 08/20/17 08:16:29 PM
#818   Based on your posts as well as your johnnydutch 08/20/17 07:41:25 PM
#817   Let's get a right catalyst so people can QServus 08/20/17 07:16:45 PM
#816   MACD just pinched. Oversold RSI. Correction imminent. johnnydutch 08/20/17 07:06:05 PM
#815   What this stock has going for it is QServus 08/19/17 05:53:37 PM
#814   OTC stocks cross way above their fundamental valuation QServus 08/19/17 05:02:20 PM
#813   Hi!! being fairly new to OTC stocks, I have imoutasight 08/19/17 04:53:23 PM
#812   Great post :) QServus 08/18/17 09:18:41 PM
#811   They didn't hire IR for nothing. It seems Red777 08/18/17 07:55:22 PM
#810   Wow no you weren't. Green close. Held green Red777 08/18/17 06:03:24 PM
#809   Happy birthday to you. More reason its coming!!!! ronaldpa2 08/18/17 04:37:25 PM
#808   I agree. I lost so much at Cordova1047 08/18/17 04:15:50 PM
#807   ;) ronaldpa2 08/18/17 04:11:02 PM
#806   Lol, look at the day, and the week. QServus 08/18/17 04:00:31 PM
#805   Wow..I was Right Again!! Down Down Down Cjski68 08/18/17 03:59:22 PM
#804   Run next week? ;-) QServus 08/18/17 01:56:27 PM
#803   LOAD LOAD LOAD THE BOAT!!!! :) ronaldpa2 08/18/17 01:43:37 PM
#802   Just spoke to the head of the "New" LAQUEST 08/18/17 01:04:28 PM
#801   Way more than 100% Once .10 is taken out QServus 08/18/17 12:41:03 PM
#800   This is definitely going to have a 100% johnnydutch 08/18/17 12:39:31 PM
#799   That was a nice slap on the ask :) QServus 08/18/17 11:54:54 AM
#797   Well red777, I guess we'll see wont we ! Cjski68 08/18/17 10:44:51 AM
#796   This stock is heavily accumulated. Chart tells the QServus 08/18/17 10:38:12 AM
#795   Based on what? Havnt seen you post one Red777 08/18/17 10:33:45 AM
#791   Guess I was Right all along ! Cjski68 08/18/17 09:42:24 AM
#790   This "company" took their money and Ran ! Cjski68 08/18/17 09:40:21 AM
#789   definitely in agreement there QServus 08/17/17 11:14:21 PM
#788   Looking at that chart, it can very easily ahtrader 08/17/17 11:00:07 PM
PostSubject