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RLTR - Reeltime Rentals Inc News Story

$0.2 0.0  2.4%

Last Trade - 09/04/21

Sector
Consumer Cyclicals
Size
Market Cap £661k
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6827

ReelTime Quarterly Revenues Increase Nearly 70% Over Previous Period and 25% Over Same Period 2019 Despite Covid Slowdown

Wed 6th January, 2021 2:03pm
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Seattle, WA, Jan. 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire
(https://www.globenewswire.com/Tracker?data=GoziKQqhteDQCuMI2Vs1yu_PmOhVgFqV4bNXycd7blc7djTvgAUod1VoMpp8beHduxxoSGSIULQAFC9iKXoWE-TAqS8YWJOocOxRmm5ROK8=) -- ReelTime’s
revenues from its core business in Q3 2020 have increased by nearly 70% over
the previous period and approximately 25% over the same period last year. 

The revenues reported in the Company's' latest financials do not include any
revenues from recently acquired Discount Ad Brokers (DAD) a 15-year-old media
company operating within a unique niche of the advertising industry. Revenues
from this and other completed acquisitions will be included in consolidated
reports with the period beginning January 1st, 2021. 

Annual gross billings for (DAD) have averaged over $20 million per year over
the last 3 years resulting in net placement revenues averaging $2.6 million
per year.   Net Revenues have historically risen from, 4.2 million in 2018,
to 5.1 million in 2019, yet are expected to be reduced to just over $1
million in 2020 due to an elimination of ads from restaurant and travel
clients that have historically been a large percentage of the companies
mainstay business. This has begun to shift and is intended to exceed past
performance once restrictions on travel and dining are lifted as is expected
early in 2021. There is a pent-up demand for travel and restaurant advertising
- driven from both an industry and a consumer demand standpoint. Discount Ad
Brokers have consistently been the agency of choice for discount media
placements for notable marquis clients such as Hooters, Hard Rock Resorts
International, Toys for Tots, Tony Robins, Glucose Health, SeaWorld, and
numerous national brands within the hospitality, finance and As Seen On TV
sectors, generating over 30 million dollars in revenues  from these accounts
which will be maintained in accordance with the agreement. 

Barry Henthorn, CEO, stated: "The Company believes it has filed all required
financial disclosures and expects to achieve Current status within days
subject to review by all applicable regulators."

ReelTime has formally submitted an application as a Seasoned Company Seeking
to Transfer Equity and/or Debt Securities from Another U.S. Exchange to be
listed on the NASDAQ Capital Market Exchange. The application has been logged
in the NASDAQ Listing Center, all applicable fees have been paid, and a
listing analyst has been assigned to ReelTime to assist throughout the
process. In addition, the request for a new symbol (NASDAQ:RT) to be reserved
for ReelTime to trade under once the Company has met all quantitative and
qualitative criteria, including certain corporate governance requirements has
been approved.

ReelTime will continue to submit additional information and documentation as
it is required based on comments from its assigned Listing Analyst and others
at NASDAQ who will be assisting ReelTime, assuring that they satisfy all the
required qualifications for NASDAQ Capital Markets securities in Rule 4300 and
or any other applicable regulatory requirements. ReelTime will also need to
adhere to the corporate governance standards set by NASDAQ. In addition,
ReelTime must comply with NASDAQ’s requirements relating to audit
committees, the director nomination process, the compensation of officers,
board composition, executive sessions, quorum, and code of conduct among
others. 

ReelTime will continue to trade on the OTC Markets under the symbol (OTC:RLTR)
throughout the process and up until the move to the NASDAQ Capital Market
becomes effective at which time the ticker symbol will become (NASDAQ:RT). 

The NASDAQ Capital Market provides companies the required capital in order to
grow their business. The NASDAQ Capital Market also provides a listing venue
that promises to accommodate the different stages of corporate lives of the
companies. All companies that are listed on NASDAQ Capital Market need to
satisfy all the required qualifications for NASDAQ securities in Rule 4300.
The companies also need to adhere to the corporate governance standards set by
NASDAQ. 

In other news:

ReelTime’s VR capabilities which were showcased in Inc. Magazines' March
24th issue solves the monetization problem of high production cost in
relationship to the size of the potential audience that has thwarted VR
content creation. Using ReelTime process and Ubiquiview technology, content
can be shot in VR yet made available to major networks and other flat content
portals as well. By expanding the number of potential viewers from only those
with a VR headset to nearly all widely used formats, traditional monetization
via product placement, embedded advertising, pre, and post-roll sponsorships,
etc. become possible.

In 2020 ReelTime VR topped the list published in Virtual Reality Insider of
three unknown public companies set to drive the explosion of the AR/VR worlds
as access and adoption/adaptation become commonplace. The full article can be
seen at www.virtualrealityinsider.com . The article makes special mention of
the potentially industry shaping significance of ReelTime’s patent Number
10,761,303 that was just issued by the USPTO on September 1, 2020. The patent
covering apparatus and method claims for technology involving simultaneous
capturing of 360 X 360 degree Spherical Panorama Images and Video.

Earlier this year ReelTime VR appeared in TIME Magazine where it was singled
out as companies "Among those most likely to gain from the growing virtual
reality market" and where it cited  ReelTimes "In Front of View" as "The
World's No. 1, VR Travel Show".

About NASDAQ Capital Markets: Nasdaq is a global technology company serving
the capital markets and other industries. Our diverse offering of data,
analytics, software and services enables clients to optimize and execute their
business vision with confidence. A diverse selection of over 4,000 companies
choose to list on Nasdaq’s U.S., Nordic and Baltic exchanges, representing
industries such as retail, health care, finance, and technology. In the U.S.,
Nasdaq is the listing venue of choice for many of the world’s most exciting
companies. The Nasdaq Stock Market has three distinctive tiers: The Nasdaq
Global Select Market® , The Nasdaq Global Market® and The Nasdaq Capital
Market® . Applicants must satisfy certain financial, liquidity and corporate
governance requirements to be approved for listing on any of these market
tiers.

About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a
publicly-traded company based in Seattle, WA (OTCPK:RLTR). ReelTime Media
provides end to end production capabilities and discount media purchasing that
is redefining how companies are evaluating and purchasing their TV, radio,
print, and other new media. ReelTime is also is in the business of developing,
producing, and distributing Virtual Reality Content and technologies. We have
an end to end production, editing, and distribution capabilities for internal
and external projects. ReelTime Currently produces three ongoing series for
the Samsung Gear VR platform and distributes them over numerous VR delivery
portals including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook,
and others. ReelTime Media also publishes the book "It Was Always Me Edward
Edwards the most Prolific Serial Killer of all time" which has been the
subject of a cover story on People Magazine, Rolling Stone, In Touch, and a
six-part series on Paramount network, www.itwasalwaysme.com.

Contact:

Barry Henthorn
ceo@reeltime.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/26a9696f-bd7c-4054-9ba3-ca939248eb58)



GlobeNewswire, Inc. 2021
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