ReelTime
to Launch
Roku Channel "ReelTime
TV"
to 51.2
Million Monthly Active Users Expanding Content Distribution and
Advertising Revenues Using Technology
SEATTLE, WA
/ ACCESSWIRE / March 30, 2021 / 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
additional other 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.
United States. 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
Duece
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 on
its Fire
TV devices.
The online retail giant revealed the milestone alongside the
rollout of an update
to the Fire TV user interface.
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.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
Reeltime Rentals (PK) (USOTC:RLTR)
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