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12 ReTech

12retech.com

Founded Year

2010

Stage

Reverse Merger | IPO

Market Cap

0.00B

Stock Price

0.00

About 12 ReTech

12 ReTech (OTC: RETC) develops the 12 Technology Suite, a retail shopping solution that combines digital tech and social networking with real-life. 12 gives consumers the ability to interact with products, retail stores, and social media on their mobile devices. 12 fully integrates in-store, online, and mobile shopping experiences with its patented smart 12Mirrors, 12Mobile app, and 12Kiosks, while an interactive advertising screen provides special offers from shops, restaurants, and service providers.

Headquarters Location

515 E. Grant St. Suite 150

Phoenix, Arizona, 85004,

United States

530-539-4329

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Expert Collections containing 12 ReTech

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12 ReTech is included in 1 Expert Collection, including Fintech.

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Latest 12 ReTech News

12 ReTech Corporation Released its Financial Report for the Fiscal Year Ended December 31, 2021.

Apr 1, 2022

% Angelo Ponzetta, CEO of 12 ReTech Corporation commented, “The results for our fiscal year 2021, while improved, are not where we want to be. We are recovering from a two-year pandemic where most of our operational activities have been severely impacted since early 2020. We believe that this pandemic has permanently changed how people shop and interact with merchants, so we are changing directions and have invested into revamping our business for the future.” Mr. Ponzetta continued, “During the last quarter we briefly discussed a new effort at creating a social shopping mobile APP. I would like to reiterate on our efforts here.” “We are investing in and developing a social shopping mobile APP, which we are planning to beta test during the second half of 2022. This APP will be designed to bring consumers to smaller mom-and-pop retailers who are competing with large retailers such as Walmart and Amazon. We anticipate that these smaller retailers, who have physical as well as ecommerce operations, should receive new customers as a result of joining our network. We believe that they will be willing to pay us a fee when they sell something to their newfound clientele. Smaller retailers don’t typically have the resources to compete with large retailers who have the resources to corner a large share of the retail channel. Today, without our APP, smaller retailers might join forces with their larger competitors, only to find their ideas cannibalized by the same channels they use for marketing. Retailers in our network will pay us a fee when they receive a completed sales transaction. They will not have to pay us for "looky-loos". We will communicate to investors as milestones are reached, but we are very excited about the potential game-changing nature of our new APP.” “Non-GAAP Discussion of 2021 Financial Results” On a non-GAAP basis, excluding the costs of non-cash financing, non-cash reserve expenses and any changes in derivative liabilities, the Company’s non-GAAP net loss in 2021 was $1,345,155 versus a non-GAAP net loss of $1,894,897 in 2020. This represents an improvement of $549,702 or 29.0% in non-GAAP net loss in 2021 when measured against 2020. Management believes the exclusion of non-cash financing, non-cash reserve expenses and derivative liability changes gives readers a more accurate view of the operations of the Company for the full year period ending December 31, 2021. 12 ReTech Corporation GAAP to non-GAAP Income Statement Comparison ) Please note that any references regarding figures or data from the Form 10-K are limited or summaries for discussion purposes. For accurate and complete figures, data, and disclosures, reference is made to the actual fiscal year 2021 Form 10-K on file with the SEC and available to be read at www.sec.gov . Angelo Ponzetta finished, “We need to change our path forward as a result of the shopper and merchant changes that have arrived during the pandemic. Therefore, we are investing in our mobile APP. Our belief is that the world of shopping has permanently changed and that is what we are aiming our efforts at in the future.” About 12 ReTech Corporation: 12 ReTech Corporation is primarily a technology company focused on the retail experience, both online and in physical stores, for consumers and smaller merchants. Our software, both deployed and in development, is designed to allow the smaller merchants to compete effectively with the retail behemoths like Walmart and Amazon, and to attract, retain, and delight consumers both online and in physical stores, without being dependent on Google, Facebook/Instagram, and Amazon. Our A.I. Social Shopping platform APP, which is currently in development, will allow merchants to connect with consumers directly, and will give merchants tools to protect their brand and lower their marketing costs which will be focused on results, not just “looky-loos”. For consumers, the APP allows them to support their favorite local businesses and find new merchants that may be of interest to them, while earning money through their social communications and posts. The Company has also acquired retail and wholesale operating companies that will allow us to test our technology on real consumers and demonstrate their success for other merchants while earning revenues for the Company. As an innovative retail technology company that has been built through acquisitions and ideas, we will continue to search for additional synergistic acquisitions that bring incremental revenues and profitability, and access to products that will incentivize both merchants and consumers to quickly adopt our social shopping APP. For more information about our Company visit us at www.12ReTech.com .to learn about our software, contact us in the U.S.A at (530) 539 4329 or at solutions@12ReTech.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: 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 Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. 12 ReTech Corporation

12 ReTech Frequently Asked Questions (FAQ)

  • When was 12 ReTech founded?

    12 ReTech was founded in 2010.

  • Where is 12 ReTech's headquarters?

    12 ReTech's headquarters is located at 515 E. Grant St., Phoenix.

  • What is 12 ReTech's latest funding round?

    12 ReTech's latest funding round is Reverse Merger.

  • Who are the investors of 12 ReTech?

    Investors of 12 ReTech include Devago.

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