Carson City, NV & Hong Kong, Nov. 09, 2017 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC), announced the release of its new 12 Sconti mobile-app to European retailers. Sconti in Italian means to offer a discount.
The 12 Sconti app for Apple's iPhone and Google's Android smart phones is a mobile application that will push advertisements with special offers from retailers directly to consumers who are in the proximity of their stores. Consumers can receive time sensitive offers from restaurants, hair stylists, convenience stores and many additional types of retailers who would benefit from increased customer traffic to sell their services or products. On their part, retailers can advertise goods with a limited shelf-life or fill appointments in slow business hours.
Angelo Ponzetta, CEO of 12 ReTech commented, “The 12 Sconti app is a nice example of how our Company, as an Omni-Channel sales enabler, provides a valuable tool for retailers to acquire additional consumer foot traffic at times of their choosing. Mobile advertising and local reach are important to most brick and mortar retailers. The ability to get a consumer’s attention when that consumer is close by, can be invaluable. It helps retailers to sell inventory that they would otherwise have to throw out or provide services at a typically slow time of the day.”
Stefan Guggisberg, CEO of 12 Europe A.G. stated, "For the consumer, 12 Sconti provides a valuable and convenient tool to find offers that they would not be aware of at a time and place where the shopper can take advantage of those offers."
Mr. Guggisberg continued, "We have reached agreement with our first two 12 Sconti clients in Switzerland, Wüst Bäckerei + Konditorei A.G., a Swiss bakery group with 12 locations, and Fresh A.G. a grocery produce wholesaler who has thousands of grocery stores as clients."
“Fresh A.G. plans to introduce 12 Sconti to their entire grocery store distribution channel in Switzerland in an effort to help their grocery clients sell produce to shoppers prior to the expiration of the produce shelf-life.”
The financial details of the arrangement regarding the adoption of the 12 Sconti app by these retailers has not been disclosed for competitive reasons, until more retailers are signed in.
Mr. Ponzetta added, "The release of our 12 Sconti mobile-app is the next step in our plans to sell our 12 Technology Suite to significant retailers in the European market. We are confident that we will close the first European sale of our other integrated technologies before the end of the quarter."
About 12 ReTech Corporation:
12 ReTech Corporation (OTC: RETC) is a publicly listed holding company whose operating subsidiaries develop, improve, acquire and/or license technologies designed to bridge the convergence between real world "Brick and Mortar" stores with effective Online retailing, creating a new, fun and exciting way of transacting Commerce. For Retailers, our products bring more Consumers into physical and/or online stores, encouraging them to purchase more by improving their overall shopping experiences while lowering both the Retailer's costs of customer acquisition and the costs of employee training. This is Empowered Shopping. We enhance shareholder value by acquiring Micro-Brands that can greatly increase revenue and earnings by applying and using our proprietary technologies. These Micro-Brands give us access to sell our technologies to Major Retailers around the globe. We are the Omni-Channel Solution: throughout history 12 is a "symbolic number" and ReTech stands for "Retail Technology". Our subsidiaries 12 Japan Limited and 12 Europe, A.G. operate under the guidance of our main technology subsidiary 12 Hong Kong Limited. Our Micro-Brands operate under the leadership of our U.S. based subsidiary 12 Retail Corporation. For more information about our products, technologies and/or Micro-Brands visit our website at: www.12ReTech.com
12 ReTech Corporation is publicly listed in the United States on the OTC Markets under the symbol: RETC.
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