12 Europe A.G. Recruits Manor A.G. and Demonstrates the Potential that Europe Represents for 12 ReTech’s Omni-Channel
Retail Technology
Carson City, NV & Hong Kong, Nov. 29, 2017 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC) announced that its wholly owned
subsidiary 12 Europe A.G. has signed the giant Swiss department store retailer Manor, A.G. as a pilot customer for the Company's
proprietary and licensed Omni-Channel 12 Technology Suite.
The agreement with Manor A.G. begins with a pilot project to install the 12 Technology Suite at one of its flagship department
stores in German-speaking Switzerland. When the Company's products demonstrate a sales lift as well as expense and cost
improvements to Manor A.G., the Company will look to install the 12 Technology Suite throughout their stores.
Manor A.G. is the largest department store chain in Switzerland. They have over 60 locations and employ more than 10,000
personnel. It is estimated that they hold a larger than 60% market share for department store retail sales in
Switzerland.
Angelo Ponzetta, 12 ReTech's CEO, commented, “Manor is interested in deploying several pieces of our 12 Technology Suite. First
is the 12 Display that would be used inside of the Manor property to advertise products and offers that Manor wants to put in front
of their customers. Second is the 12 Window, which would be used to entice shoppers into the Manor department stores. Third is the
12 Mirror with the associated 12 Mobile-App, which shoppers would use to get information about products that they are interested in
and share their experience with their social media networks.”
Stefan Guggisberg, 12 Europe A.G.'s CEO, stated, "Generating incremental in-store traffic and winning additional sales is of
paramount importance to all retailers around the globe, and Manor A.G. is no exception. We are proud of the fact they have
recognized that 12 ReTech has the technology and expertise to assist them to reach these important goals.”
Mr. Ponzetta added, “The financial details of the arrangement regarding the adoption of the 12 Technology Suite by Manor A.G.
has not been disclosed for competitive reasons, although I can disclose that we are being paid for our equipment, licensing and
integration efforts. We look forward to our future relationship with Manor A.G. and will work towards our expansion into additional
stores.”
About Manor A.G.
Manor enlivens the cities of Switzerland - in Basel on the Greifengasse, in Zurich on the Bahnhofstrasse, in Geneva on the Rue
Cornavin, in Baden on the Schlossbergplatz and in Locarno on the Piazza Grande. As the largest and most successful department store
group in Switzerland, they welcome customers and employees to the most attractive locations in the country. Headquartered in Basel,
Manor AG is the Swiss market leader in department stores with a market share of around 60 percent. The company, which is
represented in all parts of the country, employs around 10,200 people and currently trains 420 apprentices. The Manor Group
includes 63 department stores, 32 Manor Food Markets, and 45 restaurants. Manor AG's sales are distributed across the non-food
(69%), food (27%) and restaurant (4%) segments. In total, Manor stocks over one million items from around 6,000 suppliers
worldwide. Of these, around 690 are local producers who deliver seasonal and local produce to the Manor Food markets.
About 12 ReTech Corporation
12 ReTech Corporation (OTC: RETC) Leading the Profitable Convergence of Traditional and Online Retail
Commerce Through Technology - The Omni-Channel Solution.
We are a publicly listed holding company whose operating subsidiaries develop, improve, acquire and/or license technologies
designed to bridge the convergence between real world "Brick and Mortar" stores with effective Online retailing, creating a new,
fun and exciting way of transacting Commerce. For Retailers, our products bring more Consumers into
physical and/or online stores, encouraging them to purchase more by improving their overall shopping experiences while lowering
both the Retailer's costs of customer acquisition and the costs of employee training. This is Empowered Shopping.
We enhance shareholder value by acquiring Micro-Brands that can greatly increase revenue and earnings by applying and using our
proprietary technologies. These Micro-Brands give us access to sell our technologies to Major Retailers around the globe.
We are the Omni-Channel Solution: throughout history 12 is a “symbolic
number" and ReTech stands for "Retail Technology". Our subsidiaries 12 Japan Limited and 12 Europe, A.G.
operate under the guidance of our main technology subsidiary 12 Hong Kong Limited. Our Micro-Brands operate under the leadership of
our U.S. based subsidiary 12 Retail Corporation. For more information about our products, technologies and/or Micro-Brands visit
our website at: www.12ReTech.com
12 ReTech Corporation is publicly listed in the United States 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.
Tom Nelson Ten Associates, LLC Tenassociates33@gmail.com 1-480-326-8577 (USA) Investor Relations investors@12ReTech.com
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