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RLTR - Reeltime Rentals Inc News Story

$0.18 -0.0  -7.9%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Market Cap £585k
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6858

ReelTime’s Revenues Increase Over 160% in March Over February, Exceeding Projections by Over 60% From Its Discount Ad Brokers Fueled by the Hospitality and Resort Sector Rebounding as COVID-19 Restrictions Ease

Tue 30th March, 2021 3:01pm
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SEATTLE, WA, March 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire
(https://www.globenewswire.com/Tracker?data=HUYoGMswBvNUhjUXXeQ7lnsyGcksNAsNCwmFxiDqQB8NMl0VPa-qRg_MzIcsHC4jB4LtnYb0fw27rGUD6eGfifG9PHFpr6Hmi8MITNE3YBE=) -- ReelTime
VR/ReelTime Media (OTC:RLTR):  ReelTime’s Discount Ad Brokers (DAB), a 15
year-old discount media company that ReelTime acquired effective 1-1-2021,
booked approximately $579,876.84 of revenue from media placements on TV,
Radio, and other media led by clients in the hospitality and resort sectors.

This is compared to 2021 revenues of $314,741.71 in January and $364,702.17 in
February. Revenues exceeding March sales expectations by over 60% bringing
total 1st quarter sales to approximately $1,259,320.84. 

DAB serves travel advertising portals such as Barter Media Brokers,
Hospitality Advertising Solutions and individual advertisers including Hard
Rock Resorts and Tafer Resort Group. Advertising for the resort sector has
rebounded to pre-COVID-19 levels as DAB has seen a resurgence in pent up
demand for travel especially that for international destinations.     

Discount Ad Brokers focuses on providing clients top tier placements at
pricing levels at or below remnant inventory rate structures through a unique
inventory acquisition model utilizing a combination of contracted capacity
buys, alternate currencies, barter, and aggressive bulk inventory-based
contracts with major US media properties.

These do not include any revenues from the parent Company ReelTime Rentals,
Inc. whose financials are available at www.ottcmarkets.com and will be
consolidated in future reports. 

Barry Henthorn, CEO, stated: “Although an increase in revenues as
restrictions in travel ease has been expected, we are now seeing that
expectation realized through an increase in ad placements. This is
particularly encouraging because the revenues are coming from top tier resort
operators such as the Tafer Resort Group and the Hard Rock Resorts. I expect
many other operators will also follow the lead of these industry icons,
translating to a continued increase moving forward as the pent-up demand to
travel is met.” 

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.baristas.tv 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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