Initial Deployment To Begin In Mid-November, 2018
Carson City, NV & Hong Kong, Oct. 17, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTCQB: RETC) announces 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.
Angelo Ponzetta, 12 ReTech’s CEO commented, “We have implementation projects in Switzerland as well as new retail chains in Japan and the United States that have been patiently awaiting the new language versions of the 12 Technology Suite. In addition, with our new 12 Technology Suite Demonstration Facilities/Fashion Showrooms, we will in short order be demonstrating our value proposition to retailers in Europe, United States and Hong Kong. We are thrilled to be able to show the retailing industry what we have been talking about for over a year now.”
Mr. Ponzetta, CEO, continued, “We are especially excited to be able to complete the 12 Technology Suite demonstration facilities in Salt Lake City, Utah, with additional locations coming soon. After the software is installed in our facilities, we will be working diligently to bring retailers who want to improve their shopper engagement, in to see what 12 ReTech can do for their businesses.”
Mr. Ponzetta, CEO, concluded, ”We are working diligently on both our 12 Technology side of our business plans as well as our 12 Retail consumer product plans. You can expect to see some exciting progress on both parts of our business in the near future.”
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 subsidiaries in North America, including Emotion Fashion Brands, Inc.). For more information please visit our website at www.12ReTech.com.
12 ReTech Corporation is publicly listed on the OTCQB 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.