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RLTR - Reeltime Rentals Inc News Story

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Market Cap £545k
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Position in Universe th / 6853

ReelTime to Launch Roku Channel ReelTime TV to 51.2 Million Monthly Active Users, Expanding Content Distribution and Advertising Revenues Using Technology

Thu 22nd April, 2021 3:18pm
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SEATTLE, WA, April 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire
(https://www.globenewswire.com/Tracker?data=DyYiC2aZMRybMut9NGVwfYmZr4UwaJ4sxcArRHagwpVj6ONXfUm3wSSW-BrHdA9cJNIocs1odBxAgRvn2g59J0uHKpfAAi2ipg0TM-bZ-X8=) --
ReelTime VR/ReelTime Media (OTC:RLTR) has confirmed that it is set to launch a
ReelTime Media channel on the streaming platform Roku. 

The channel “ReelTime TV” will contain a combination of ReelTime Media
Original programming as well as serving up other additional cutting edge
content. ReelTime Media and Roku will share in revenues generated from
advertising, with ReelTime retaining approximately a 70 % slice of the
advertising inventory. 

As of the fourth quarter of 2020, Roku reported a total of 51.2 million
monthly active users in the three-month quarter ending Dec. 31, up by
approximately 14 million accounts in 2020. This figure is the company's
highest monthly active user total of all time, as the userbase almost doubled
in just two years. In addition, Roku said its users streamed 58.7 billion
hours of content in 2020. Limitations and high cost of cable is generally
considered at fault and Roku is battling for the advantage in the race for
subscribers with Amazon.

The two are seemingly neck and neck when it comes to being the dominant
streaming platform. Last month, Amazon said it now has more than 50 million
active users
(https://www.globenewswire.com/Tracker?data=eRZNgSxjBMmtrpgZkmxm7wFNGz9djSQk_bkReRgFVSIxpUxOXSn2Z3an53S4Xjoh6J_qhjLapHLWn3nu8DjGG6dKUD-2pDSfTtuAEBpJljX48rPlOIJxZ9KBnuncEwwo7cIL0WYIBrIyyA6WWbSiNSuTpCXCggmcwzLlud50rEMhy5Bvw8fdbGf45Lzhiqo8X38YHlm1uKGPgBsm4HD1RSR7Le9xwX0dJARnftRCDDQ=) on
its Fire TV
(https://www.globenewswire.com/Tracker?data=DJ_LDisYBh34bmZpQvdem4uN9r3TMIfWqcfDcK0qugQiA2rWqGwGxEH2ctK_ImEfUT1xvkxUlG8AEmiZzBXHms9k7pr542rRaem_n2siVGK1LdrqIsfpbDCjWEfGqndn) devices.
The online retail giant revealed the milestone alongside the rollout of
an update to the Fire TV user interface
(https://www.globenewswire.com/Tracker?data=He8L1JLykHPvqpGhHudASQhMGBqKlw6-XL-L8_naGJev3SatMue6CpRSEi7v44PlwbuEBcDt0eZawIa59u_Ead4AjT8s8MFT4nVuVQ-tZZP2W1buGqFK5jC-DwB0ODxPPrqrR2isHNffzqJHUgE9n7NeXxXwlryhYUtPj2dTLkhyOX50V9i6-5Uv3C9byZm5hwPZw61134JY6bDvCsg3qXB3POKDHe-ftUQG1nlrIsg=). 

Barry Henthorn, CEO, stated: "ReelTime Media is committed to reaching the
rapidly growing number of ‘Cable Cutters’ that dominate the younger
audiences.  ReelTime TV not only introduces our content to a very large
audience who love it but provides our advertisers an effective conduit to
reach this very relevant audience."

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.

Other recent news:

ReelTime has engaged Pinnacle Accountancy Group of Utah ("Pinnacle" a dba of
the PCAOB-registered audit firm Heaton & Company, PLLC) to perform an
independent audit of the Company's financial statements. The audit will be
performed according to the guidelines set forth by the NASDAQ Listing
Requirements and the Public Company Accounting Oversight Board auditing
standards. Pinnacle is one of the leading firms in and throughout the United
States and abroad. Its partners and staff have provided audit services for SEC
registrants since 2001 and are highly experienced dealing with the complex
auditing and accounting challenges facing public companies.

ReelTime Media reached a technology/software license and development agreement
with Baristas (OTC:BCCI) "Munchie Magic." The licensing agreement secures
Munchie Magic global perpetual, exclusive access to use the technology and
methodologies developed by ReelTime that allow the virtual restaurants to
integrate with its partners, onboarding, marketing, and administrative
functions for use with the Munchie Magic Virtual Restaurant or other
convenience store delivery concepts. The agreement also allows for Munchie
Magic to develop in concert with ReelTime or independently derivatives and/or
stand-alone methodologies. In exchange for the global perpetual, exclusive
license from ReelTime for the Munchie Magic concept and convenience store
derivative Virtual Restaurants, ReelTime will receive a per transaction
license fee of $.35 in perpetuity in conjunction with the terms of the
agreement beginning on Jan. 1st, 2021. Baristas "Munchie Magic" has opened
more than 50 locations in the past nine months delivering Ben & Jerry's ice
cream, snacks, and hot foods to customers via delivery partners DoorDash,
GrubHub, and Uber Eats.  www.munchiemagic.com in WA State and has now
expanded into Oregon, California, Illinois, and Arizona as well.

ReelTime VR (OTC PINK:RLTR) confirmed that the patent application number
15/654,613, titled Simultaneous Spherical Panorama Image and Video Capturing
System, has officially been issued as U.S. Patent Number 10,761,303 September
1, 2020. The term of the patent is 20 years and 247 days from the earliest
filing date of the patent application, calculated to be March 23, 2038.
Although the original technology allows any cell phone or other camera to
instantaneously capture 360 X 360 Virtual Reality Video or pictures without
any need for stitching, the patent provides protection from infringement from
any capturing of a plurality of images utilizing at least one mirror. This
spans a wide range of industries and uses.

About NASDAQ Capital Markets: Nasdaq is a global technology company serving
the capital markets and other industries. Its 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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