Carson City, NV & Hong Kong, Oct. 12, 2017 (GLOBE NEWSWIRE) -- 12 Retech Corporation (OTC: RETC) announced today that it has welcomed a group of European business leaders at ITOYA's Flagship Retail Store in Tokyo to demonstrate in a live tour the features and value proposition of its interactive technology that directly integrates most inventory- management and point-of-sales systems, providing a complete retail solution.
Angelo Ponzetta, CEO of 12 Retech Corporation, commented “We are pleased to announce that we recently hosted a tour for 20 business executives from Germany at Itoya's Flagship Retail Store in Ginza, Tokyo's famous upmarket shopping, dining and entertainment district. These executives were particularly interested in the 12 Mirror and its abilities to showcase product offerings as well as the 12 Mobile App, allowing consumers to share their experiences with their social media friends and family. We are optimistic that there will be several opportunities to expand our business in Europe as a result of this tour.”
“In essence, we demonstrated the ability of our system to collect valuable data on the consumers through their individual interactions with our 12 Mirror, like recording what products interest them, enabling the retailers to offer the same enticements and product offerings at any time via our 12 Mobile App. Our technology not only draws in consumers to the stores but also allows the retailers to reach the consumers at later dates with offerings specifically targeted to each one of them.”
“We believe that our system and proprietary technologies provide retailers positive ways of influencing people and get more foot traffic into their stores. In addition, we are demonstrating the different ways the retailers can reach these same consumers after they have left. The ability to reach consumers via timely touch points should result in better comps for retailers who implement our technologies as well as e-commerce growth.”
About 12 Retech Corporation:
12 Retech Corporation (OTC: RETC) is “Leading the Profitable Convergence of Retail and Online Commerce through Technology©”. The Company currently has three subsidiaries: 12 Hong Kong Limited, 12 Japan Limited and 12 Retail Corporation.
12 Retech Corporation manages our licensed technologies and is the developer, installer and operator of the proprietary technologies used in the Unifying Shopping eXperience System (“USXS”) hosted on the 12 Mirror (our interactive electronic mirrors) and the 12 Kiosk (our interactive digital displays) which can be installed in any high-traffic location and enhanced through our 12 Mobile-App. All the Company's products are uniquely designed to bridge the convergence between physical and virtual Commerce by getting consumers back out to the brick and mortar shopping centers and malls, to enjoy the next level of shopping experiences utilizing their smart phones with the 12 Mobile-App, with our in-store technologies and/or our online technologies which allow consumers to purchase products directly from videos posted online. Our technologies are created to build loyal repeat customers for our brand partners the world over. When our interactive products are placed in high-traffic locations like train stations, bus stops, airports, shopping venues and others, they provide media awareness with the ability for consumers to make purchases anywhere. 12 Retech Corporation operates through three subsidiaries; the technology development company 12 Hong Kong Limited, the operating subsidiary 12 Japan Limited which deploys our products and 12 Retail Corporation which will hold our future consumer brands and retail operations.
12 Retail Corporation — our wholly owned subsidiary — is a USA Company that is the only vertically integrated company using all of our technologies to enhance Commerce through all channels. Through them, we will continue to design, manufacture, import, export, sell online, have retail boutiques and sell to big-box retailers. With our direct experience in all aspects of Commerce we are uniquely positioned to understand the convergence of Online and Retail as well as the issues with their implementation. This allows 12 Retech Corporation to design and provide solutions that stay ahead of the market and solve potential implementation challenges.
For more information visit our website at www.12retech.com.
12 Retech Corporation is publicly traded in the United States on the OTC Markets under the symbol: RETC.
About ITOYA Ltd., Japan:
Founded in 1904, ITOYA has set the global benchmark in retailing unique and class-leading stationery products. With retail operations in the United States and Japan, ITOYA and its worldwide network of affiliates are dedicated to upholding the traditions set forth by its founder over 110 years ago. Their flagship store G.Itoya is located in Ginza 2-7-15, Chuo-ku, Tokyo.
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.