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RETC .229 News

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gumzsa Member Level  Thursday, 11/09/17 09:12:47 AM
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RETC .229 News

12 ReTech Corporation Announces The Release Of Its New APP, “12 Sconti” In Europe.

12 ReTech Also Announces Its First Customers For 12 Sconti.
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."

About 12 ReTech Corporation:

12 ReTech Corporation (OTC: RETC) is a publicly listed holding company whose operating subsidiaries develop, improve, acquire and/or license technologies designed to bridge the convergence between real world "Brick and Mortar" stores with effective Online retailing, creating a new, fun and exciting way of transacting Commerce. For Retailers, our products bring more Consumers into physical and/or online stores, encouraging them to purchase more by improving their overall shopping experiences while lowering both the Retailer's costs of customer acquisition and the costs of employee training. This is Empowered Shopping. We enhance shareholder value by acquiring Micro-Brands that can greatly increase revenue and earnings by applying and using our proprietary technologies. These Micro-Brands give us access to sell our technologies to Major Retailers around the globe. We are the Omni-Channel Solution: throughout history 12 is a "symbolic number" and ReTech stands for "Retail Technology". Our subsidiaries 12 Japan Limited and 12 Europe, A.G. operate 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. For more information about our products, technologies and/or Micro-Brands visit our website at: www.12ReTech.com

12 ReTech Corporation is publicly listed in the United States on the OTC Markets under the symbol: RETC.

Safe Harbor: This document contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

Tom Nelson
Ten Associates, LLC
1-480-326-8577 (USA)

Investor Relations
Source: 12 Retech Corporation
© 2017 GlobeNewswire, Inc.

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