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
SEATTLE,
WA March
30,
2021 / ReelTime
VR/ReelTime Media (OTC:RLTR) ReelTimes 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
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