Carson City, NV & Hong Kong, May 03, 2018 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC) announced in the next few days it will launch a pilot of 12Sconti APP, its new mobile-app. 12Sconti APP is designed to help merchants of food and other perishable products reduce waste by offering soon to expire items or services – such as empty restaurant tables – at a discount to a wider customer audience.
The 12Sconti APP will be marketed first in Zurich, Switzerland, from where the Company will introduce it to other Swiss and European cities, and thereafter to the North American and Asian markets.
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. Using the mobile-app, a merchant will be able to attract a wide social-economic demographic of consumers who might want to purchase soon to expire products at a substantial discount. In the long term, the APP could also be used as a tool for pre-orders, which will help merchants customize their supply chain resulting in more efficient resource management.
12 ReTech will commence conducting promotional campaigns targeting university students in Zurich and surrounding areas as well as the regular customers of participating merchants.
One percent (1%) of the gross income generated by the 12Sconti APP will be donated to The Hunger Project, a non-profit charitable organization dedicated to the sustainable end of world hunger.
Angelo Ponzetta, CEO of 12 ReTech commented, “We are very excited about the launch of this new mobile-app. Being an omni-channel technology developer, the 12Sconti APP is a nice example of our solutions for retailers who need to solve a historic challenge in consumer markets. I have been concerned with the problem of food waste for many years and it would be promising if the 12Sconti APP could at least point us in the right direction. According to our simulations, the 12Sconti APP could provide a significant boost to our Company's bottom line in the near future.”
Stefan Guggisberg, CEO of 12 Europe A.G. (12 ReTech’s European Subsidiary) stated, "I believe the consumer will find the 12Sconti APP intuitively easy to use and a valuable and convenient tool to find offers on products and services necessary for daily life."
Mr. Guggisberg continued, "The rollout of the 12Sconti APP starts in May, 2018 with Wüst Bäckerei + Konditorei AG, a Swiss bakery group with 12 locations, and Fresh A.G., a wholesaler who supplies fresh produce to thousands of grocery stores. These retailers have been so excited about 12Sconti that they have already been promoting its launch."
The financial details of the venture involving the 12Sconti APP by these “first mover” merchants has not been disclosed for competitive reasons.
Mr. Ponzetta added, "The launch of the 12Sconti APP is the first step in our plans to help retailers increase the number of shoppers in their stores while solving various problems faced by perishable goods vendors around the globe. We look forward to discussing our next technology releases in greater detail in the near future."
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 subsidiary in North America, E-Motion Apparel, Inc.). For more information please visit our website at www.12ReTech.com.
12 ReTech Corporation is publicly listed on the OTC Markets under the symbol RETC.
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