12 Retech Corp (fka RETC)

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The Exciting Rise of 12 Retech Corp (OTCMKTS: RETC)


12 Retech Corp (OTCMKTS: RETC) is making a highly explosive move up on accelerting volume in recent days from a start point of $0.0026 to recent highs of a penny. RETC has quickly established a growing shareholder base that has transformed RETC into a volume leader.

RETC has been seeing huge action since the Company announced an LOI with EP Acquisition Vehicle Corp. to acquire Colorado Trading & Clothing Company. According to RETC 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.

12 Retech Corp (OTCMKTS: RETC) is a publically traded Company listed on the OTCQB Markets under the symbol RETC. The Company operates through its subsidiaries on three continents: 12 Hong Kong, Ltd., 12 Japan, Ltd., 12 Europe A.G., 12 Retail Corporation (and its subsidiaries in North America, including Emotion Fashion Brands, Inc.

The Company’s flagship is the “12 Technology Suite”, or just “12 Suite” an interactive shopping cart that seamlessly combines shopping and social networking for a fun and unique shopping experience. 12 Suite integrates in-store, online, and mobile shopping with its smart mirror 12Mobile app, and 12Kiosk, while an interactive advertising screen provides special offers from shops, restaurants, and service providers. Over the past 36 months, the Company has developed a proprietary technology suite (software, hardware (the 12Mirror), applications for the iPhone, iPad, and Android phones and tablets (12Mobile)) that integrates traditional shopping, on-line shopping, entertainment and social networking into a “Totally Integrated Retail Platform”. The first fully-integrated store (13 story shopping center) has been fully implemented in Tokyo, Japan and is running successfully since the beginning of 2016.

RETC put out big news last week when they announced an LOI 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. 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.

RETC said last week its wholly owned subsidiary, Emotion Fashion Brands, Inc. has opened their factory boutique store in Salt Lake City, Utah where they are selling contemporary women’s fashion apparel by Emotion Fashions and Lexi Luu children’s dancewear. The Company is also set to open a another storefront soon.

On October 17 RETC announced the delivery schedule for the newest versions of the 12 Technology Suite components that have been in development since the beginning of the year. The new 12AdScreen software will be available this week soon to be followed by updated versions of the 12Mirror and 12MobileAPP. All of this new technology will feature additional languages capability including; English, German, French and Japanese.

By the middle of November, 2018, the Company expects to deploy the new 12AdScreen in Company based showrooms and in select client locations where we have already introduced the 12AdScreen technology. This deployment will feature brand-new content that is aimed at specific industries where the Company believes it can find initial success with its customers. The newest software updates to the 12Mirror and 12MobileApp are expected to arrive during the first week of November, 2018. They will undergo quality assurance testing that will last for two to three weeks before their initial customer facing deployments. With the three pieces of technology ready, the Company will be able to move forward with deployments of the 12AdScreen, 12Mirror and 12MobileAPP in Europe, North America and in Asia.
Currently trading at a $1.2 million market valuation RETC has minimal assets and $2.4 million in current liabilities. With the addition of Colorado Trading & Clothing Company RETC is a revenue powerhouse with a factory boutique store in Salt Lake City, Utah and another one under construction. RETC 12 Technology Suite puts the Company at the forefront of an explosive, emerging growth industry

https://microcapdaily.com/the-exciting-rise-of-12-retech-corp-otcmkts-retc/122125/