Las Vegas, NV, Hong Kong & Zurich, Switzerland, March 28, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC) announced today that it has launched its new revamped 12 Europe AG website to support the new Jelmoli implementation of the Company’s 12 Sconti APP which is due to launch in the next few days. Those who are interested can visit the website at www.12europe.com. The main website is in English for the international and investing community while the 12 Sconti tab goes directly to 12sconti.com which is written entirely in German to support Jelmoli’s 12 Sconti product offerings in Switzerland.
The 12 Europe website features two main products; 12 Sconti and 12 Visore.
Now that Switzerland’s Jelmoli, known as the “House of Brands”, has integrated the 12Sconti APP into its operations, they have begun promoting the benefits of this new marketing tool to their customers. Their customer database contains around one million shoppers loyal to the Jelmoli brand. Their customers are being encouraged to download the 12Sconti APP by a comprehensive local public relations campaign. The first activities will happen next week with a Jelmoli Press Release sent to more than 60 major Swiss publications.
Jelmoli will use the 12 Sconti APP to advertise daily specials that its business units want to put in front of customers who find themselves in the vicinity of that business unit. 12 Sconti is an ecology-friendly mobile application that seeks to prevent food spoilage and waste. Each merchant like Jelmoli donates 1% of their 12Sconti sales receipts to the charity of their choice. Like our other APPs, 12Sconti offers retailers a marketing platform independent of Google, Facebook or Instagram, to reach potential customers in the vicinity and attract them to their stores.
Angelo Ponzetta, 12 ReTech’s CEO commented, “We started the 12Sconti project in May 2018 in collaboration with The Hunger Project in Winterthur, Switzerland, but without the support of a major retailer like Jelmoli, the adoption by both local retailers and users was slower than we had expected.“
Mr. Ponzetta continued, “However now, with Jelmoli on-board, we have a proposition that will make sense to the Zurich population. Jelmoli will use their in-house database in conjunction with a well-conceived public relations campaign to drive downloads of the 12Sconti APP. Jelmoli’s goal is to offer to nearby customers vacant restaurant tables and products like bakery goods with limited shelf lives for immediate purchase at discounted prices.”
Mr. Ponzetta finished, “With our recently acquired operations in the USA and with the further progress of Jelmoli, I truly believe that our business operations are now very much improved in comparison with previous years. I look forward to announcing additional progress on our path to increased shareholder value.”
About Jelmoli:
With a history dating back to 1833, Switzerland’s leading premium department store offers exclusive international and Swiss brands on six floors. Over 2 million items from more than 1,000 brands are displayed for a diverse and demanding clientele on around 24,000 square meters of space divided across the six stories. Over 1,000 qualified employees create an atmosphere of well-being, high-quality advice and a positive shopping experience.
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 Group, Inc., Red Wire Group, LLC and Rune NYC, LLC). 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.
Investors Relations Contacts:
Mark Gilbert
Magellan FIN, LLC
mgilbert@magellanfin.com
317-361-2392 (USA)
Corporate Headquarters
investors@12ReTech.com