12 ReTech Corporation (OTCPK:RETC) acquired 51% stake in Bluwire Group LLC on October 1, 2019. Under the terms of the Exchange of Equity Agreement, 12 ReTech is exchanging 0.5 million of its series A preferred shares for a controlling interest in Bluwire Group, LLC. The Sellers retained 30% of Bluwire and an additional 19% of the membership interests of Bluwire will be held in escrow to be used to entice future investors in 12 ReTech. Bluwire has $5.3 million in annual revenue in 2018. Bluwire has received over $0.65 million in new funding for working capital purposes in connection with this acquisition. This debt financing is not convertible into Company stock. Bluwire operates 12 retail stores in select airports and casinos located in the USA. Maurice Ojeda, will continue as as Bluwire’s Chief Marketing Officer. 12 ReTech Corporation (OTCPK:RETC) completed the acquisition of 51% stake in Bluwire Group LLC on October 1, 2019. The Sellers will continue to manage Bluwire under consulting agreements.