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12 Retech Corporation (RETC)

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12 Retech Corporation

PINK:RETC



 

12RETECH COMPANY WEBSITE
OTCMARKETS RETC



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.







~ COMPANY OPERATES UNDER 3 SUBSIDIARIES ~



Our subsidiarie,12 Japan Limited, operates under the guidance of our main technology subsidiary 12 Hong Kong Limited. Our Micro-Brands operate under the leadership of our U.S. based subsidiary 12 Retail Corporation.





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~ 3 Pending Major Acquistions ~ 


MAJOR ACQUISITION I:

100% OF ACTIVE FASHION GROUP:
TERMS: Stock-for-Stock
Negotiations Are Active and Ongoing ~ 2019 


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.
OCTOBER 10TH  2017 - 12RETECH (RETC) PRESS RELEASE

NET IMPACT TO FY 2019: ~$20,000,000.00 ($20 Million) Revenue

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MAJOR ACQUISITION II:

51% Interest in J. Peterman Company
TERMS: Issuance of 1 Million Common Shares, Investment of < or = $3 Million for Growth of the the Company
Negotiations Are Active and Ongoing ~ 2019


On December 01, 2017, the Company entered into a Letter of Intent (“LOI”) to acquire 51% controlling interest in the J. Peterman Company, LLC, in exchange for 1 million of its common shares to be issued by the Company at closing. After closing, the Company is obligated to invest up to $3.0 million dollars into the J. Peterman Company for growth. The completion of the transaction is contingent on among other things; the resolution of J. Peterman’s existing 1.0 million convertible note, completion of due diligence acceptable to the Company in its sole discretion and preparation and execution of the definitive agreements. All existing members of the J. Peterman management team will remain post acquisition. J. Peterman represented to the Company that in 2017 it produced revenue in excess of 20 million dollars. The Company may issue a press release in the future relative to this LOI if/when certain contingencies are met. 
DECEMBER 4TH 2017 - 12RETECH (RETC) PRESS RELEASE

NET IMPACT TO FY 2019: ~$20,000,000.00 ($20 Million) Revenue

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MAJOR ACQUISITION III:

100% OF KRAZY LARRY INC:
TERMS: Stock-for-Stock, Investment of < or = $500,000 for Growth of the the Company
Negotiations Are Active and Ongoing ~ 2019

On December 12, 2017, the Company entered into a Letter of Intent (“LOI”) to Acquire 100% of the equity interests in Krazy Larry Inc. in exchange for 4.75 million of the Company’s SEC Rule 144 restricted common shares to be issued by the Company at closing. After closing The Company is obligated to invest up to $500 thousand dollars into the Krazy Larry Inc. for growth purposes. There are no other contingencies except for the normal caveats about completion of due diligence acceptable to the Company in its sole discretion, preparation and execution of the definitive agreements and the ability of Krazy Larry Inc. to pass a PCAOB audit. All existing members of the Krazy Larry Inc. management team will remain post acquisition. Krazy Larry Inc. has represented to the Company that in 2017 they reached $7.4 million in sales with approximately $1.6 million in EBITDA.  

On January 4, 2018, the Company has completed its due diligence and is moving forward with definitive documents.
JANUARY 8TH 2018 - 12RETECH (RETC) PRESS RELEASE

NET IMPACT TO FY 2019: ~$7,400,000.00 ($7.4 Million) Revenue

 

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~ As Of January 3, 2020 ~

SHARE STRUCTURE
12RETECH (RETC)
AUTHORIZED SHARES 8,000,000,000
OUTSTANDING SHARES
TOTAL OUTSTANDING 36,935,303
COMMON SHARES* -----------------------------------
PREFERRED SHARES* 5,000,000
FLOAT 24,618,982
RESTRICTED 83,167,858
 



PLEASE NOTE:

CEO also owns 4.5 Million Series A Preferreds (1:20 to Commons) 
CFO also owns 0.5 Million Series A Preferreds (1:20 to Commons) 

 

https://www.12japan.jp/  - TOKYO, JAPAN

https://www.12sconti.com/   -  12 RETECH MOBILE APP

http://www.12hongkong.com - HONG KONG

https://www.12retech.com
- GLOBAL WEBSITE



12RETECH

~ Chronological Events ~

2009: The first idea
2010: Incorporation of 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
2017: Company became public on OTC Markets under the symbol PINK:RETC
2018: Completed 1st Significant Acquisition - EMOTION FASHION GROUP INC

2019: Completed 2nd & 3rd Significant Acquisition - RED WIRE LLC and RUNE NYC LLC


Image result for retech corporation

http://12retech.com/



SOURCE: 12 Retech Corporation

 

~ 12 Retech Corporation Announces: Negotiations are still on-going with  Active Fashion Group Which, Upon Completion, 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 Will Be Installing Its 12 Technology Suite At The Soybu Boutique At Dallas Love Field Airport In Connection With The Hudson Group. ~

Carson City, NV & Hong Kong, Dec. 06, 2017 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC Pink: RETC), announced today that it has reached agreement with the Hudson Group, a subsidiary of Switzerland based Dufry, A.G. to begin installing their 12 Technology Suite at the Soybu Boutique located in Dallas's Love Field airport and at a second unidentified store that is also operated by the Hudson Group.

Soybu is a registered trademark and brand of Active Fashion Group which is being acquired by 12 ReTech Corporation's subsidiary 12 Retail Corporation. The Hudson Group operates retail stores in many airports around the world including Tumi, Victoria’s Secret, Fred Segal and two Soybu Boutiques. 12 ReTech Corporation and Hudson have agreed to install the 12 Technology Suite in the Soybu Boutique and one additional Hudson operated store located at Dallas's Love Field airport, to test how to build co-ordination between brands using 12's technologies. The financial details of this arrangement have not been disclosed.

Angelo Ponzetta, 12 ReTech's CEO stated, "Many people don't realize that Hudson and Dufry together operate over 2,200 stores in 64 countries around the world and are connected with many world-renowned consumer brands. By demonstrating what our Omni-Channel retail technology solution can achieve for retailers, we can make inroads into many Hudson associated consumer brands throughout the world."

Donna Murray, Senior Specialty Buyer for the Hudson Group said, "We have been looking for some new technology solutions to give our stores additional lift and 12 ReTech's Technology Suite is a very exciting solution. Thanks to our existing relationship with the Active Fashion Group this was really a no-brainer for us."

Angelo Ponzetta concluded, "Active Fashion Group's relationship with Hudson and others is one of the reasons that we are so excited about our micro-brand acquisition strategy. It gives us a strong foothold into established retailers whereby both the retailer and our shareholders can benefit."

~ About Hudson Group ~

Hudson Group, the largest travel retailer in North America, is a wholly-owned subsidiary of international travel retailer Dufry AG (DUFN) of Basel, Switzerland. Hudson Group operates over 950 Hudson, Hudson News, Hudson Booksellers, cafes, specialty retail and duty-free shops in 83 airports and transportation terminals in the United States and Canada, and operates in 24 of the top 25 airports nationally. Dufry operates over 2,200 stores in more than 60 countries and 370 locations, including airports and transportation terminals around the world.



~

~ Contact: 12ReTech - USA ~

7135 E. Camelback Rd. Ste. 230
Scottsdale, AZ 85251 
+1-530-539-4329
solutions@12ReTech.com


~ INVESTOR RELATIONS ~


Mark Gilbert
Magellan FIN, LLC
Cell - +1-317-361-2392
Business - +1-317-867-2839
mgilbert@magellanfin.com

 

 
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RETC News: Statement of Ownership (sc 13g) 01/23/2020 10:54:09 AM
RETC News: Statement of Ownership (sc 13g) 01/16/2020 12:15:41 PM
RETC News: Current Report Filing (8-k) 12/20/2019 03:01:23 PM
RETC News: Current Report Filing (8-k) 11/21/2019 07:01:04 AM
RETC News: Quarterly Report (10-q) 11/19/2019 06:13:04 AM
PostSubject
#34058  Sticky Note I know it's hard to tell, but don't Tellmewhy 11/14/19 06:07:10 AM
#33909  Sticky Note Ponzetta has been scamming for years now, the surf1944 10/16/19 03:44:00 PM
#30938  Sticky Note $RETC will be a big mover QServus 04/09/19 03:35:22 PM
#30444  Sticky Note 12 Retech - Poised For Explosive Growth - Lakota-45 03/30/19 07:26:10 PM
#34323   Nice Surf the submariner 01/24/20 11:12:29 AM
#34322   40.622M shares OS per Schedule 13 Creditor Parties in QServus 01/24/20 01:21:21 AM
#34321   you couldn't be more accurate if you had imoutasight 01/23/20 03:39:03 PM
#34320   12 ReTech Press Release - Today, Jan. 23, Lakota-45 01/23/20 09:24:50 AM
#34319   $retc 12 ReTech Continues to Streamline and Consolidate deri21 01/23/20 09:12:22 AM
#34318   Lots of big traders placing $10.00 buys. You imoutasight 01/22/20 11:12:18 AM
#34317   https://www.barchart.com/stocks/quotes/RETC/opinion https://www.stockscores.c surf1944 01/22/20 10:54:11 AM
#34316   someone havin good ol time messing w/price lol la_trader 01/21/20 04:37:34 PM
#34315   Explain to me what is going to cause surf1944 01/21/20 01:31:43 PM
#34314   Remember It is not the race, not the imoutasight 01/21/20 01:23:16 PM
#34313   3 statements that are timeless Smilin_B 01/18/20 03:42:03 PM
#34312   This stock simply cannot hold gains. Back to the QServus 01/17/20 03:30:08 PM
#34311   Finally small traction but at least traction. imoutasight 01/17/20 12:06:16 PM
#34310   rinse,wash,repeat Surf... the submariner 01/17/20 10:55:53 AM
#34309   after almost three years of nothing, I am imoutasight 01/16/20 09:41:31 PM
#34308   The 13g is less interesting than the fact deadjim 01/16/20 09:03:13 PM
#34307   The 13G signature, let us see who can surf1944 01/16/20 05:15:02 PM
#34305   Thanks Surf, good info. 12yearplan 01/16/20 03:00:22 PM
#34304   We estimated that the 13G guy last year surf1944 01/16/20 02:57:10 PM
#34303   What did they buy and sell for and 12yearplan 01/16/20 02:30:20 PM
#34302   The next month the shares had been sold! surf1944 01/16/20 01:12:13 PM
#34300   La trader, Help me out. What does that imoutasight 01/16/20 01:03:10 PM
#34299   The last time there was a 13G filed surf1944 01/16/20 12:58:09 PM
#34298   lol...nice house..but drives a shitty minivan the submariner 01/16/20 12:48:18 PM
#34297   This should be interesting reading on this SCHEDULE 13G! surf1944 01/16/20 12:40:08 PM
#34296   Class act Mang ;) 12yearplan 01/16/20 12:27:02 PM
#34295   $RETC 13g filed https://ih.advfn.com/stock-market/USOTC/12-retech-corporation-RE la_trader 01/16/20 12:24:16 PM
#34294   Close the "open gap" from yesterday morning's up surf1944 01/16/20 11:26:41 AM
#34293   Someone bought my 007s.. hilarious. essentially house money deadjim 01/16/20 11:05:41 AM
#34292   Impressive deadjim 01/16/20 11:00:35 AM
#34291   12 ReTech Pre-Announces Record Revenue Results Which Exceed 02opida 01/16/20 10:31:30 AM
#34290   Bags of money ;). 12yearplan 01/16/20 10:25:34 AM
#34289   $RETC .006 la_trader 01/16/20 10:15:26 AM
#34288   Last update 2 weeks ago showed a less ShaneO19 01/16/20 10:05:54 AM
#34287   $RETC .01 brings beast mode. la_trader 01/16/20 09:58:45 AM
#34286   Added a few new bag holders yesterday...lol...welcome aboard,lol the submariner 01/16/20 08:39:56 AM
#34285   Amen to that. Smilin_B 01/16/20 03:27:05 AM
#34283   RETC did have moves like this in the QServus 01/15/20 04:02:20 PM
#34282   I'm on a fishing expedition. Lakota-45 01/15/20 03:48:09 PM
#34281   meow,meow,meow!!!!!! the submariner 01/15/20 03:21:37 PM
#34280   $RETC -most bagholders will take the exit. la_trader 01/15/20 01:49:04 PM
#34279   Whats the ROI, Rev’s are great if TaperT2 01/15/20 01:47:58 PM
#34278   you looking at charts is vastly different than la_trader 01/15/20 01:42:00 PM
#34277   Actually unless a big buyer comes in now QServus 01/15/20 12:34:17 PM
#34276   $RETC .01 break brings beast mode...we shall see. la_trader 01/15/20 12:30:14 PM
#34275   Cheeseburgers 4sale...meow,meow,meow!!???????? the submariner 01/15/20 12:29:12 PM
#34274   Let’s see if these gains hold tomorrow. That’s the QServus 01/15/20 12:24:10 PM
#34273   $RETC -wait for too low...and miss da train. la_trader 01/15/20 12:23:56 PM
#34272   Looking good seansurfgood 01/15/20 12:23:16 PM
#34271   $RETC .0075--->upward and skyward. la_trader 01/15/20 12:21:46 PM
PostSubject