Carson City, NV & Hong Kong, Oct. 30, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC) announced today that its CEO, Angelo Ponzetta, will be visiting the USA on a business trip which started yesterday on Monday, October 29 and is scheduled to last for several weeks.
With the new generation of technology in hand, Mr. Ponzetta plans to visit retailers, vendors and strategic partners in an effort designed to generate business for the 12 Technology Suite side of the Company’s business strategy.
There are scheduled meetings with a large shoe chain retailer that operates in almost every metropolitan city in the USA and who has been waiting patiently since the beginning of the year to see the 12 Technology Suite.
He also has meetings scheduled with advertising agencies for the auto dealership industry, as there are opportunities to use the 12 Technology Suite in automotive sales activities.
He will be meeting with several of the Company’s advisory board members and visiting 12 ReTech’s Emotion Fashion Brands subsidiary in Salt Lake City, where the Company has a fashion showroom.
He has additional meetings scheduled with several businesses for further discussions on M&A transactions. Finally, there are also meetings scheduled with several strategic partners that will offer integrated versions of their services with our 12 Technology Suite.
Angelo Ponzetta, CEO, commented, “Having readied a technology that speaks to the United States retail industry, it is time for us to accelerate our sales efforts in arguably the largest retail market in the world. We also have sales plans in a number of global regions and are busy pursuing them to show the world how to compete against Amazon and Walmart.”
Angelo Ponzetta, CEO finished, “If there are any interested parties that would like to meet with us and discuss how we can help their retailing efforts in the physical store or in the e-commerce space, I would enjoy hearing from you. Please send us an email at investors@12Retech.com and we will strive to get in front of you.”
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 E-Motion Apparel, Inc.). For more information please 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.
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.
Investor Relations Contacts:
Mark Gilbert
Magellan FIN, LLC
mgilbert@magellanfin.com
317-361-2392 (USA)
Corporate Headquarters
investors@12ReTech.com