12Retech Announces;
~ 12 ReTech Corporation Acquires Bluwire Group, LLC, a $5.3 Million Retailer.
October 16, 2019 09:00 ET | Source: 12 Retech Corporation
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Bluwire Group, LLC
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Bluwire at Newark Airport
12 Retech Corporation
Las Vegas, NV & Hong Kong, Oct. 16, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC), announced today that it has executed definitive agreements to acquire a controlling interest in Bluwire Group, LLC (“Bluwire”) and completed that acquisition transaction. Bluwire operates 12 retail stores in select airports and casinos located in the USA.
Under the terms of the Exchange of Equity Agreement, 12 ReTech is exchanging 500,000 of its Series A Preferred Shares for a controlling interest in Bluwire Group, LLC. Bluwire is a profitable retailer of consumer electronics and travel related products in 11 premium airport terminals and one East Coast casino that booked over $5.3 million in annual revenue in 2018.
Looks like the News is good! - Congrats to all who have hung in there!!!
~~~ Now, let's see what happens !!!
