12 Retech Corporation announced that it had formed an Advisory Board of Directors and Richard J. Berman had joined the company to serve as its initial Advisory Board Member. Mr. Berman who serves on the Boards of several NASDAQ listed companies including Advaxis Inc., Cadasys Inc. and Cryoport Inc., agreed to serve on the company's Advisory Board on an interim basis until the company had obtained Directors and Officers Insurance, at which time he would become a Board Member. As an Advisory Board member Mr. Berman will be tasked with evaluating various Directors and Officers, insurance policies, interviewing qualified independent Board members to add to the company's Board and to serve on various committees, as well as to position the company for a future up-listing. Richard Berman's business career spans over 35 years of venture capital, senior management and merger & acquisitions experience.