The 12Sconti Business Model Provides Philanthropic Donations To a Worthwhile Cause.
Carson City, NV & Hong Kong, April 26, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC), announced today that its new 12Sconti APP which will go live in Zurich in the next few weeks will provide The Hunger Project with much needed donations to help feed the world’s hungry.
1% of all sales done through the 12Sconti App will go to this world recognized charity organization. The donations come from the merchants who use the 12Sconti APP
Angelo Ponzetta, CEO of 12 ReTech, commented, “We are thrilled to team up with The Hunger Project as we are about to launch the 12Sconti APP in Switzerland. The needs filled by this outstanding charity are large and resources scarce.”
“In addition, The Hunger Project should help us to drive more people to download the 12Sconti APP when they learn that part of their expenditures will be donated to this worthy cause. The Hunger Project has also agreed to drive the marketing of the 12Sconti APP between their stakeholders.”
Angelo Ponzetta concluded, “For every $100 that gets sold through our App, The Hunger Project receives $1 dollar. As the 12Sconti APP succeeds and expands its footprint around the world, it could become an important source of funds for our good friends.”
About The Hunger Project
The Hunger Project is a global, non-profit, strategic organization committed to the sustainable end of world hunger. Our vision is a world where every woman, man and child leads a healthy, fulfilling life of self-reliance and dignity.
Our mission is to end hunger and poverty by pioneering sustainable, grassroots, women-centered strategies and advocating for their widespread adoption in countries throughout the world.
Founded in 1977, The Hunger Project is committed to the sustainable end of world hunger. We are a strategic organization, and have reinvented ourselves time and again to meet each challenge and opportunity along the path of ending hunger.
Our global movement of individuals and organizations in 22 countries worldwide is a demonstration of authentic partnership. Committed investors in the United States, where our Global Office is based, and in our affiliates known as Partner Countries (in Australia, Canada, Germany, Japan, The Netherlands, New Zealand, Sweden, Switzerland and the United Kingdom) support the actions of more than 16,000 communities throughout Africa, South Asia and Latin America (in Bangladesh, Benin, Burkina Faso, Ethiopia, Ghana, India, Malawi, Mexico, Mozambique, Peru, Senegal, Uganda) who are leading their own change.
We earn top ratings from Charity Navigator (4 stars) and the American Institute of Philanthropy (A grade). We are a Better Business Bureau seal-holder and GuideStar Exchange platinum recipient, and are proud to be a founding member of InterAction and meet all their membership standards for accountability, transparency and effectiveness. We hold consultative status with the United Nations Economic and Social Council (ECOSOC), and are a participant of the UN Global Compact. The Global Hunger Project is a 501(c)(3) tax-exempt organization in the United States. Our Federal tax number (EIN) is 94-2443282.
About 12 ReTech Corporation:
At our core, we are a software company whose technology allows retailers to combat the dual threats of Walmart and Amazon — both online and in physical stores. Our microbrand rollup acquisition strategy allows us to demonstrate the effectiveness of our software, devise and test new products, while providing shareholder value through immediate revenue and earnings growth. The Company operates through our subsidiaries on three continents: 12 Hong Kong, Ltd., 12 Japan, Ltd., 12 Europe A.G., 12 Retail Corporation (and its subsidiary in North America, E-Motion Apparel, Inc.). For more information please visit our website at www.12ReTech.com.
12 Retech Corporation is publicly listed 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
Tenassociates33@gmail.com
480-326-8577 (USA)
Mark Gilbert
Magellan FIN, LLC
mgilbert@magellanfin.com
317-361-2392 (USA)
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