RETC - 12 ReTech Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
0.0001
0.0000 (0.00%)
At close: 2:57PM EDT
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Previous Close 0.0001
Open 0.0001
Bid 0.0000 x 0
Ask 0.0000 x 0
Day's Range 0.0001 - 0.0001
52 Week Range 0.0000 - 0.0130
Volume 6,945,603
Avg. Volume 23,649,927
Market Cap 254,104
Beta (3Y Monthly) 0.57
PE Ratio (TTM) N/A
EPS (TTM) -0.0180
Earnings Date Aug 19, 2019
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est N/A
Trade prices are not sourced from all markets
  • GlobeNewswire

    12 ReTech Corporation Releases its 2nd Quarter FY2019 Financial Results and Discusses Recent Operational Improvements

    2nd Quarter Operational Loss was half of the Same Period in 2018. Las Vegas, NV & Hong Kong, Aug. 20, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC), released its 2nd Quarter, 2019 financial results yesterday and showed further progress in improving the operations of their business with increased revenues and decreased operational expenses which resulted in reduced operational losses. The Company has improved their operational results by integrating its three USA recently acquired consumer micro-brands so that they can work together as a cohesive business unit.

  • GlobeNewswire

     12 ReTech Corporation’s RUNE NYC Exhibits at the Upcoming COTERIE Fashion Show at Javits Center in New York City.

    Las Vegas, NV, Hong Kong & New York City, NY, June 05, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC), announced today that its fashion brand, Rune NYC (“RUNE”) will be exhibiting at the [pre] COTERIE fashion show which runs from June 9, 2019 through June 11, 2019 at the Jacob Javits Center in New York City. Readers interested in RUNE will be able to view our Spring 2020 fashion collection at Booth 743.

  • GlobeNewswire

    12 ReTech Corporation Releases Improved First Quarter FY2019 Financial Results and Discusses Recent Business Progress.

    Las Vegas, NV & Hong Kong, May 21, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC), announced today that it has filed its annual Form 10-Q with the United States Securities and Exchange Commission for the period ended March 31, 2019. For the 3-month period ended March 31, 2019, the Company reported gross sales of $221,129 vs $8,942 for the same period in 2018.

  • GlobeNewswire

    12 ReTech Announces Significant European Revenue Commitments Coupled With Expense Reductions.

    Las Vegas, NV, Hong Kong and Zurich Switzerland, May 01, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that it has signed technology license agreements with Coppola A.G. whereby they will license 12Sconti and continue efforts to grow and support its recent deployment in Zurich. This new structure has the effect of eliminating almost all the expenses of 12 Europe A.G. and allows the Company to turn the European operation into a royalty based business model and profit center. The Company will continue to generate revenues from the Company’s proprietary technology and applications while eliminating almost all of the ongoing operating costs and the significant investment required for the expansion of 12Sconti and the implementation of Visore.

  • GlobeNewswire

    12 ReTech and its Subsidiaries Now Eligible for More Traditional Funding

    *Rune NYC Receives $1.5 million Revolving Factoring Line of Credit. Las Vegas, NV & Hong Kong, April 25, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that it has evolved to the point where the Company and its subsidiaries now have access to more traditional financing than the convertible debt instruments that it has relied on previously. With the acquisition of Red Wire Group, the Company now has access to a $50,000 traditional secured revolving bank-line of credit (RLOC) with Red Wire Group’s local Utah based bank.

  • GlobeNewswire

    12 ReTech Corporation Annual Letter to Shareholders For the Year Ended December 31, 2018

    With the recent two acquisitions (Red Wire Group in February 2019 and Rune NYC in March 2019) we have finally obtained some significant ongoing cash flow. During the month of March, we were able to successfully integrate our Red Wire factory and our existing Emotion Fashion factory into a seamless operation under the experienced Red Wire management team. Meanwhile, Rune NYC has already streamlined operations, reduced back office staff and facilities expenses and integrated the majority of their production into the Red Wire factory.

  • GlobeNewswire

    12 ReTech Corporation Releases Its Annual Report For The Year Ended December 31, 2018.

    The FY2018 financial results do not include the results from Red Wire Group, LLC (“RWG”) and Rune NYC, LLC (“Rune”) which were acquired in the First Quarter of FY2019. For the 12-month period ended December 31, 2018, the Company reported gross sales of $92,831 vs $60,787 for the same period in 2017.

  • GlobeNewswire

    12 ReTech - Jelmoli Update: Jelmoli Announces the Launch of its 12Sconti PR Campaign in Switzerland

    Las Vegas, NV, Hong Kong, & Zurich, Switzerland, April 01, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today, that Jelmoli has launched their implementation of 12Sconti with their own local Public Relations campaign. As discussed last week, Jelmoli’s Press Release to over 60 Swiss media publications was delivered on March 27, 2019 in Zurich, Switzerland where Jelmoli is located. Angelo Ponzetta CEO of 12 ReTech said, “For the convenience of our English speaking readers we have provided Jelmoli’s Press Release.in both an English translation and the original German release.

  • GlobeNewswire

    12 ReTech Announces the Launch of its New 12Europe Website in Support of Jelmoli’s Launch of the 12 Sconti APP.

    Las Vegas, NV, Hong Kong & Zurich, Switzerland, March 28, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (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. 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.

  • GlobeNewswire

    12 ReTech Completes 3rd Fashion Brand Acquisition Rune NYC, LLC becomes a 12 ReTech Subsidiary

    Las Vegas, NV & Hong Kong, March 18, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that it has acquired 92.5% ownership of Rune NYC, LLC (“RUNE”). RUNE is an up and coming women’s apparel brand that already sells their activewear products through a variety of well-known domestic USA sales and distribution channels. This acquisition brings immediate brand awareness and revenues to 12 ReTech.

  • GlobeNewswire

    12 ReTech Completes Acquisition of Red Wire Group, LLC, Bolstering FY2019 First Quarter Revenues.

    Las Vegas, NV & Hong Kong, Feb. 20, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that it had completed the planned acquisition of Salt Lake City’s apparel manufacturer, Red Wire Group, LLC. Red Wire is a profitable and efficient “Cut and Sew” manufacturer that will greatly benefit from the excess capacity of 12 ReTech’s Emotion Fashion Group facility located less than 100 yards away. Angelo Ponzetta, 12 ReTech’s CEO stated, “We are pleased to add the Red Wire team to our own operations.

  • GlobeNewswire

    12 ReTech Announces That It Will Be Acquiring RUNE NYC, LLC, a Thriving Women’s Activewear Brand Targeted At Today’s Fashion Conscious Woman.

    Las Vegas, NV & Hong Kong, Feb. 05, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that it has signed a Definitive Exchange of Equity Agreement to acquire control of New York based Rune NYC, LLC (“RUNE”). Rune members representing over 77% of the equity have already agreed to tender their equity to the Company. Adding RUNE’s operations which is an up and coming women’s apparel brand that already sells their activewear products through a variety of well-known domestic USA sales and distribution channels, will bring immediate brand awareness and revenues to 12 ReTech.

  • GlobeNewswire

    12 ReTech Corporation Signs Agreement With Jelmoli, Switzerland’s Leading Premium Department Store To Use 12Sconti.

    Las Vegas, NV, Hong Kong & Zurich, CH, Jan. 29, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced that Jelmoli, (“House of Brands”) of Zurich, Switzerland will become the newest merchant to be added to the 12Sconti APP network. The waste of perishable goods is a continuous problem for merchants in the developed world. The 12Sconti APP advances the dialogue on how to deal with it by allowing retailers to discount, on an hour by hour basis, foodstuffs and other perishable products like flowers, which otherwise would need to be disposed of as waste or recycled as agricultural compost.

  • GlobeNewswire

    12 ReTech to Acquire Red Wire Group, LLC to Increase the Manufacturing Capability and Revenue of its Emotion Fashion Group Subsidiary

    Las Vegas, NV & Hong Kong, Jan. 14, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that it has signed a definitive Exchange of Equity Agreement to acquire Salt Lake City, Utah based Red Wire Group, LLC (“Red Wire”) in a stock for stock transaction. Red Wire Group, LLC (“Red Wire”) is a profitable and efficient contract “Cut and Sew” manufacturer generating significant revenue and is located less than 100 yards from the Company’s Emotion Fashion Group (“EFG”) facility. Red Wire Group has maxed out its own existing facilities capacity and can benefit from the excess capacity that EFG currently possesses.

  • GlobeNewswire

    12 ReTech Opens Technology Showroom in Zurich, Switzerland

    Las Vegas, NV & Hong Kong, Nov. 29, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (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.

  • GlobeNewswire

    12 ReTech Corporation Discusses Recent Business Progress and Releases Third Quarter FY2018 Financial Results

    Las Vegas, NV & Hong Kong, Nov. 20, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) has accomplished several milestones since the beginning of their FY2018 Third Quarter. First, the R&D efforts to produce the second generation of the major components of our 12 Technology Suite have been successful. Angelo Ponzetta, 12 ReTech's CEO commented, “The release of our new technologies has allowed us to approach merchant clients in our major markets.

  • GlobeNewswire

    12 ReTech's Lexi-Luu Dancewear Launches New E-Commerce Site with 12 ReTech's Cutting Edge "12 Online Solutions".

    Las Vegas, NV, Hong Kong & Salt Lake City, UT, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Today, 12 ReTech Corporation (RETC) unveiled its revamped Lexi-Luu Dancewear e-commerce site. Shoppers and consumers can view and shop at www.lexiluudancewear.com. The new website built upon the Shopify e-commerce platform was created because its predecessor was not able to utilize any of the components of 12 ReTech’s “12 Online Solutions” which the Company uses to improve the performance of its own as well as client’s e-commerce properties.

  • GlobeNewswire

    12 ReTech Corporation CEO On USA Business Trip to Kick Off Sales Efforts Commencing Monday, October 29, 2018

    Carson City, NV & Hong Kong, Oct. 30, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (RETC) announced today that its CEO, Angelo Ponzetta, will be visiting the USA on a business trip which started yesterday on Monday, October 29 and is scheduled to last for several weeks. With the new generation of technology in hand, Mr. Ponzetta plans to visit retailers, vendors and strategic partners in an effort designed to generate business for the 12 Technology Suite side of the Company’s business strategy.