12 Retech Corporation announced that it expects to receive $0.5 million in funding

12 Retech Corporation is a technology company focused on the retail experience, both online and in physical stores, for consumers and smaller merchants. The Company's artificial intelligence (AI) Social Shopping platform App, which is in development, allow merchants to connect with consumers directly, and provide merchants tools to protect their brand and lower their marketing costs. For consumers, the application allows them to support their local businesses and find new merchants that may be of interest to them, while earning money through their social communications and posts. The Company has also acquired retail and wholesale operating companies that allow the Company to test its technology on real consumers. Its subsidiaries inlcude12 ReTech Corporation, which operates its own retail store; Bluwire Group, LLC. that operates retail stores in airport terminals and casino, and 12 Tech, Inc. that designs and develops its retail software.