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RETC acquisition news today, bigger news tomorrow imo,

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pb_trading Member Level  Monday, 01/14/19 10:18:28 AM
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RETC acquisition news today, bigger news tomorrow imo, and this news is pretty big for 12 ReTech
Quote:
12 ReTech Corporation (OTCQB: RETC) announced today that it has signed a definitive Exchange of Equity Agreement to acquire Salt Lake City, Utah based Red Wire Group, LLC (“Red Wire”) in a stock for stock transaction. Closing is scheduled to occur before the end of this month.

Red Wire Group, LLC (“Red Wire”) is a profitable and efficient contract “Cut and Sew” manufacturer generating significant revenue and is located less than 100 yards from the Company’s Emotion Fashion Group (“EFG”) facility. Red Wire Group has maxed out its own existing facilities capacity and can benefit from the excess capacity that EFG currently possesses.

https://www.otcmarkets.com/stock/RETC/news/12-ReTech-to-Acquire-Red-Wire-Group-LLC-to-Increase-the-Manufacturing-Capability-and-Revenue-of-its-Emotion-Fashion-Grou?id=215371


$RETC

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