Carson City, NV & Hong Kong, May 17, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC), in collaboration with The HUNGER PROJECT, a global, non-profit, charitable organization, announced the official launch of its 12Sconti app in Switzerland. The Hunger Project will be promoting the new app at the Afro-Pfingsten Festival taken place in Winterthur, Switzerland, from Friday, May 18, 2018. Information about the festival can be found at www.afro-pfingsten.ch .
Swiss consumers can download the 12Sconti app to their Apple IOS devices at: https://itunes.apple.com/us/app/12sconti/id1380128731?mt=8
And to their Android devices at: https://play.google.com/store/search?q=12sconti
Angelo Ponzetta, CEO of 12 ReTech Corporation commented, “I am proud that our company can contribute to the fight against world hunger. As previously discussed, the 12Sconti app provides a platform where member merchants can create demand for their perishable products. As the demand for these products gets larger, donations to The Hunger Project will also grow. The 12Sconti app generates revenue and potential earnings for 12 ReTech. Through the launch and use of 12Sconti, member merchants win, consumers win, a world class charity organization, The Hunger Project wins and 12 Retech wins. This is truly a win-win situation for all parties involved.”
Angelo Ponzetta, continued, “We are actively recruiting additional merchants to use our 12Sconti app and the reaction is very positive. The 12Sconti app helps increase the demand for restaurants, grocery stores, fish and meat merchants and flowers shops to name a few.”
Mr. Ponzetta finished, "We are also close to deploying the 2 nd generation of our 12 Technology Suite and should have some exciting announcements in the near future about the progress being made in our business of helping retailers fight the threats of Amazon and Walmart."
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 subsidiary in North America, E-Motion Apparel, Inc.). 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.
Investor Relations Contacts:
Tom Nelson Ten Associates, LLC Tenassociates33@gmail.com 480-326-8577 (USA)
Mark Gilbert Magellan FIN, LLC mgilbert@magellanfin.com 317-361-2392 (USA)
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