12 ReTech Opens Technology Showroom in Zurich, Switzerland
Las Vegas, NV & Hong Kong, Nov. 29, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTCQB: RETC) announced today that it has opened a technology showroom in Zurich, Switzerland, partnering with Pietro Coppola, who has assumed a management role in our subsidiary 12 Europe, AG. This will allow the Company to demonstrate the fully integrated 12 Technology Suite to European luxury brands and their retail partners. The Company intends to use this showroom to demonstrate the value proposition that the 12Mirror, 12AdScreen and the 12InStore, 12Mobile and 12Sconti APPs offer to retailers.
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Angelo Ponzetta, 12 ReTech’s CEO stated, “We have created an impressive venue for showing off our technology. Pietro Coppola will now use his European contacts in the luxury retail sectors to attract interest in our products and value proposition. This will give us the opportunity to work with Europe’s most famous luxury brands as well as their retailers.
Angelo Ponzetta continued, “The new facility was conceived to become a much-talked-about showroom for European luxury goods and high-end fashion. It will feature dressing rooms and retail displays in a 2,000+ square feet floorspace. We plan to cycle brands to constantly feature new ideas for the visiting retailers. We will integrate our 12 Technology Suite into the fabric of the showroom operations so that leading designers can show their fashion collections using a new medium (by appointment only). This represents an excellent way to get in front of Europe’s prestigious retailers and show them how our technology can provide value to their businesses.”
Pietro Coppola, 12 Europe’s CEO said, “After reviewing the 12 Technology Suite I am very impressed for what it can do to help retailers bring back excitement to their stores. It engages shoppers, potentially lowers retailer’s operating expenses and helps to achieve higher sales. I am looking forward to introducing the 12 ReTech’s technology to the retailers and luxury brands that I personally have been working with for decades. This can be wonderful for my clients. I want to introduce all of them to these ideas that I believe will provide great benefit to their businesses.”
Angelo Ponzetta finished, “There is a lot going on in our pipeline of business in all three of our major markets. I hope to soon have some exciting news about some new acquisitions that we are negotiating.”
About Pietro Coppola:
After graduating with a Bachelor of Arts degree, Pietro worked for various retailers of luxury goods brands in Europe. In a stint with Anteprima Diffusione Moda A.G., he was involved with the expansion of Swiss sales channels for many European brands of men’s underwear, including Armani, Versace, La Perla and others. Later, he bought into the company and obtained licenses for the same brands for Austria and Germany.
In 1995, he formed the fashion agency Pietro Coppola, A.G. and took over the brands from Anteprima, expanding at the same time into sportswear, beachwear and accessories with the same brands, while adding new brands to his portfolio, including Dolce & Gabbana, Versace Sport, Fendi, Kenzo, Fiorucci, Emilio Pucci and others.
Pietro helped many of these brands to design and build their own standalone retail stores within his licensed territories.
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.). For more information please visit our website at www.12ReTech.com.
12 ReTech Corporation is publicly listed on the OTCQB 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
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