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

EDIFICIO APT, DOMINICAN REPUBLIC


Las Vegas, NV, Hong Kong, & Zurich, Switzerland, April 01, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: 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.

For readers who are not fluent in German, here is a translation:

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Jelmoli starts with the introduction of the app "12Sconti" a more efficient handling of food

Conscious food handling and anti-food waste are on everyone's lips and also have a high priority at Jelmoli – The House of Brands. The largest premium department store shop in Switzerland is now cooperating with the software company 12 ReTech Corporation to more efficiently deal with perishable food and the next step in our sustainability strategy.

Added value for consumers on many levels

The Jelmoli FOOD MARKET sets high culinary standards with first-class products and excellent service. With the five unique gastronomy concepts Jelmoli’s customers are spoiled daily with high quality and a diverse selection. At FOOD MARKET, customers can find delicacies from the region and around the world. The offer ranges from Girenbader Bach-Thal Cheese upto Peruvian Fingerlimette. With passion and know-how, the discerning customers are offered exquisite delicacies.

The 12Sconti app gives customers the ability to buy food and other perishable products, such as flowers, at a discounted rate on an hourly basis. The principle of the app is quite simple: Thanks to the compact overview, all available offers are displayed to the consumer. These can be purchased directly from the app and picked up shortly before closing time at 20.00 clock at Jelmoli. In this way, the consumer makes a responsible contribution to the sustainable handling of food and at the same time profits from interesting product discounts.

The implementation of the app allows Jelmoli to target new audiences. In the long term, data analysis of the app and the flow of goods can be positively optimized. Jelmoli has additional information to tailor the supply chain and make resource management more efficient. In addition, Jelmoli sets an example against the wasteful use of food.

Sustainable shopping experience

"Jelmoli is constantly striving to expand and optimize its position in premium trading. Part of our strategy involves working with the creators of the 12Sconti app to define new solutions to our efforts towards a more sustainable Jelmoli. I believe that our customers will appreciate the ease of use of the app and the regular updating of products and reduced offers of perishable products. In doing so, we want to provide a service to our existing customers and also reach new target groups, "said Franco Savastano, CEO of Jelmoli.

Likewise, Angelo Ponzetta, CEO 12 ReTech, is pleased to be working with Jelmoli: "We are very pleased to welcome the renowned Premium Department Store in our growing network of 12 ReTech dealers. This cooperation marks a decisive breakthrough as Jelmoli is one of the few big players. The 12Sconti app can communicate directly with the customer. Information about exclusive offers perishable goods are distributed directly. I am convinced that we can offer Jelmoli a positive added value in the premium segment and are an important partner for the future in terms of sustainability plans. "

ABOUT JELMOLI
Jelmoli is the largest premium department store in Switzerland. The traditional house on the Bahnhofstrasse in Zurich delights on 6 floors with a breathtaking range of around 2 million items from 1'000 curated brands from all over the world, rounded off by a convincing range of services. More than 1,000 qualified employees provide a feel-good atmosphere, the best advice and a unique shopping experience - even in the online shop at jelmoli.ch. Since 2009, Jelmoli AG has been part of Swiss Prime Site. In 2020, Jelmoli will expand to Zurich Airport, where it will open three new concepts. Jelmoli's mission is to inspire people and visibly express their unique personality.

Opening hours Jelmoli:
Monday to Friday: 09:30 - 20:00 Saturday: 09:00 - 20:00
www.jelmoli.ch

Press Office Jelmoli:

Eliane Bachenheimer PR
Dominique Lohm Freyastrasse 14, 8004 Zürich
E-Mail: dominique.lohm@ebpr.ch, Telefon: 044 482 61 53

END
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Angelo Ponzetta, CEO of 12 ReTech commented, “We are proud to have Jelmoli as our newest partner and client.  Together, with Jelmoli, we hope to demonstrate that sustainability in the food retailing industry can be economically beneficial to both merchants and consumers. With this in mind, we work to create a better future for our children. and our children’s children.”

Angelo Ponzetta finished, “2019 is proving to be a momentous year for our Company.  We have business opportunities that have been presented to us in all of our geographies.  I look forward to additional exciting announcements as we work to build shareholder value.”

ATTACHED FOR YOUR CONVENIENCE IS THE ORIGINAL JELMOLI RELEASE IN GERMAN.

A photo accompanying this announcement is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/6348b865-5c86-458d-a74b-f5c5cfaca3eb http://www.globenewswire.com/NewsRoom/AttachmentNg/864a54a2-5f35-4ede-b200-cc6b63680bc7

About Jelmoli:

With a history dating back to 1833, Switzerland’s leading premium department store offers exclusive international and Swiss brands on six floors. Over 2 million items from more than 1,000 brands are displayed for a diverse and demanding clientele on around 24,000 square meters of space divided across the six stories. Over 1,000 qualified employees create an atmosphere of well-being, high-quality advice and a positive shopping experience.

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 subsidiaries in North America, including Emotion Fashion Group, Inc., Red Wire Group, LLC and Rune NYC, LLC). 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.

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 Contacts:

Mark Gilbert
Magellan FIN, LLC
mgilbert@magellanfin.com
317-361-2392 (USA)

Corporate Headquarters
investors@12ReTech.com

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