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Company:
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12 RETECH CORP (RETC)
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Form Type:
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8-K
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Filing Date:
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2/13/2018
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CIK:
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0001627611
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Address:
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701 S CARSON ST
SUITE 200
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City, State, Zip:
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CARSON CITY, Nevada 89701
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Telephone:
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852-6072-0269
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$0.05
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Change:
0.018 (56.25%)
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Trade Time:
Aug 17
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Market Cap:
$4.15M
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Description of Business
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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, Limited
("12HK", "12 Hong Kong, Ltd."), 12 Japan, Limited ("12JP", "12 Japan, Ltd."), 12
Europe A.G. ("12EU", "12 Europe AG"), and 12 Retail Corporation ("12 Retail")
(and its subsidiary, E-Motion Apparel, Incorporated ("EAI", "E-Motion Apparel,
Inc.") in North America).
The Subsidiaries:
-12 Hong Kong, Ltd. a corporation organized in the special economic region of
Hong Kong. On June 27, 2017 the Company acquired 12 Hong Kong, Ltd. in a share
exchange transaction (See section 7 Management Discussion & Analysis).
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