Carson City, NV & Hong Kong, March 13, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC), announced today that it has
acquired E-motion Apparel, Inc. in a stock for stock transaction between 12 ReTech and Hubert (“Hub”) Blanchette, the owner and CEO
of the company. E-motion Apparel owns several brands including E-motion Apparel, Lexi-Luu Dancewear, Punkz Gear and Skipjack.
E-motion Apparel management will be retained and assist 12 ReTech with the growth of its e-commerce channels going forward.
Angelo Ponzetta, 12 ReTech's CEO stated, "We are pleased to have E-motion Apparel as the first acquisition of our consumer
product microbrand rollup strategy. Their USA-based manufacturing capabilities will enhance our ability to quickly produce new
samples and product ideas which is critical to the successful execution of our e-commerce strategy for apparel.”
“Hub Blanchette has many years of experience in running an apparel-based e-commerce business through proprietary websites as
well as through internet consumer goods gateways like Zulily and Amazon.”
Hub Blanchette, commented, “I am impressed by the software technology of 12 ReTech which helps retailers to fight and thrive in
the very tough environment we are experiencing today. I feel that their technology will determine the future winners in the retail
industry. Joining 12 ReTech is very exciting to me. I expect our brands to benefit greatly under 12 ReTech’s ownership, as I will
now have access to the working capital that I have been looking for to get our business to the next level of success. Once we
receive the working capital, I am projecting $1.4 million in revenues, with $300 thousand EBITDA over the next 12 months. There are
opportunities that I see where we could double these projections in the second 12 months!”
Angelo Ponzetta added, "Hub Blanchette's brands are not well known throughout the world yet, but they have a large potential to
grow. What I especially like about E-motion Apparel is that the company has their own manufacturing capabilities in the USA which
are tailored for smaller production runs. This will allow us to keep our online offerings new and fresh and should reduce our
lead-time to test new products before committing the resources to produce large production runs overseas. This strategic asset will
be very useful for our next moves.”
“I see E-motion Apparel as the foundation stone of our microbrand acquisition strategy in the USA in support of our technology
efforts worldwide.”
Angelo Ponzetta concluded, "As I recently explained in my recently published shareholders update letter, we are working on many
microbrands that fit our rollup acquisition model. It happens that this one, which hadn't been announced, came together very
quickly, while some of our previously announced acquisitions are taking a little longer because they need third-party approvals
such as from their banks. Notwithstanding, we still expect to acquire all of the acquisitions already announced."
About E-motion Apparel, Inc.
We started our business in Sunny California during 2011 and offer clothing that is equal parts, wearable art & fashion for the
"every day woman". Since then, E-motion Apparel has acquired other brands that benefit from our USA production, design and
marketing expertise which speaks to specific niche markets like: Lexi-Luu Dancewear, Punkz Gear, Cleo VII and Skipjack Dive & Dance
Wear. For more information please visit our website at www.emotionapparelinc.com or on Facebook at: lexi-luu designs-dancewear.
About 12 ReTech Corporation
12 ReTech Corporation (OTC: RETC) is 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 what we call Empowered
Shopping. We enhance shareholder value by acquiring microbrands that can greatly increase revenue and earnings by applying
and using our proprietary technologies. The access these microbrands give to sell our technologies to Major Retailers around the
globe is the reason why we say, "We are the Omni-Channel Solution". Throughout history
12 is a “symbolic number" and ReTech stands for "Retail Technology". Our subsidiaries 12 Japan
Ltd. and 12 Europe, A.G. operate under the guidance of our main technology subsidiary 12 Hong Kong Ltd. Our microbrands operate
under the leadership of our U.S. based subsidiary 12 Retail Corporation. For more information about our products, technologies
and/or microbrands 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.
Investors Relations Tom Nelson Ten Associates, LLC Tenassociates33@gmail.com 480-326-8577 (USA) investors@12ReTech.com Chuck Harbey PCG Advisory Group charbey@pcgadvisory.com 646-863-7997 (USA) investors@12ReTech.com