Carson City, NV & Hong Kong, July 11, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTCQB: RETC) announced today that its stock started trading on the OTCQB market with the symbol RETC after a successful up-listing from the OTC Pink market.
Angelo Ponzetta, the Company's CEO, said, "We are honored that OTC Markets has accepted our Company into the OTCQB market. This fulfills one of my earliest goals for the Company and gives us additional visibility and credibility in front of the investment community."
Mr. Ponzetta continued, “This is a good step towards building 12 ReTech into a larger company by showing our business partners, vendors, client prospects and potential acquisition targets of our rollup strategy that 12 ReTech is a solid company that has the wherewithal to accomplish the objectives that we establish with our partners in our ecosystem.”
Richard J Berman, Advisory Board Member, commented, “This represents the first step in our up-list strategy and is an important milestone in the evolution of 12 ReTech. Now, many more members of the Wall Street investment community that I have been working with for the past 35 years can get involved with the Company. This will also be helpful in the execution of the 12 ReTech microbrand rollup strategy as we target and negotiate with consumer product brands of substance to add to our portfolio of operations.”
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 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 Mark Gilbert Magellan FIN, LLC mgilbert@magellanfin.com 317-361-2392 (USA)
