Seattle, WA, Jan. 13, 2021 (Globe NEWSWIRE) — by way of NewMediaWire — ReelTime Media (OTC:RLTR) has achieved a technology/software license and improvement arrangement with Baristas (OTC:BCCI) “Munchie Magic”. The licensing agreement secures Munchie Magic international perpetual special access to use the technological innovation and methodologies developed by ReelTime that let the virtual dining places to integrate with its companions, onboarding, marketing and advertising, and administrative features for use with the Munchie Magic Virtual Cafe or other comfort keep delivery concepts. The settlement also will allow for Munchie Magic to acquire in live performance with ReelTime or independently, derivatives and/or stand-by yourself methodologies.
In trade for the world wide perpetual special license from ReelTime for the Munchie Magic concept and advantage keep by-product Virtual Eating places, ReelTime will receive a for every transaction license charge of $.35 in perpetuity in conjunction with the terms of the settlement beginning on Jan. 1st, 2021.
Baristas “Munchie Magic” has opened more than 50 areas in the past 9 months providing Ben & Jerry’s ice product, snacks, and incredibly hot food items to customers by means of delivery associates DoorDash, GrubHub, and Uber Eats. www.baristas.tv www.munchiemagic.com in WA Condition and has now expanded into Oregon and California as nicely.
Barry Henthorn, CEO, stated: “ReelTime has developed a scalable foundation that can aid the enlargement of the Munchie Magic thought and beyond. Owning secured a for each transaction charge presents ReelTime a stake in the success that Munchie Magic is enduring though offering them the self confidence that we will keep on being an active partner. It aligns the two organizations to assist and grow the businesses in tandem.”
ReelTime has formally submitted an application as a Seasoned Company Trying to find to Transfer Fairness and/or Personal debt Securities from One more U.S. Trade to be mentioned on the NASDAQ Funds Market place Trade. The application has been logged in the NASDAQ Listing Heart, all relevant service fees have been paid, and a listing analyst has been assigned to ReelTime to support through the process. In addition, the ask for for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade beneath at the time the Company has met all quantitative and qualitative requirements, together with specified corporate governance needs has been permitted.
ReelTime will carry on to post supplemental facts and documentation as it is demanded primarily based on opinions from its assigned Listing Analyst and other folks at NASDAQ who will be aiding ReelTime, assuring that they satisfy all the demanded qualifications for NASDAQ Funds Markets securities in Rule 4300 and or any other applicable regulatory demands. ReelTime will also need to have to adhere to the company governance benchmarks established by NASDAQ. In addition, ReelTime will have to comply with NASDAQ’s necessities relating to audit committees, the director nomination’s procedure, the payment of officers, board composition, executive sessions, quorum, and code of carry out amongst other individuals.
ReelTime will carry on to trade on the OTC Marketplaces less than the symbol (OTC:RLTR) through the method and up till the go to the NASDAQ Money Sector gets to be powerful at which time the ticker symbol will grow to be (NASDAQ:RT).
The NASDAQ Funds Sector provides businesses the expected capital in buy to expand their small business. The NASDAQ Cash Sector also offers a listing venue that promises to accommodate the distinctive levels of corporate life of the firms. All firms that are stated on NASDAQ Cash Marketplace need to fulfill all the demanded qualifications for NASDAQ securities in Rule 4300. The businesses also need to have to adhere to the company governance standards set by NASDAQ.
In other information:
ReelTime has entered into a formal binding letter of agreement whereas it will receive 100 % of NWBB, Inc. a 20-year-outdated media business and its subsidiary Lower price Advertisement Brokers. The acquisition is valued at 12 million bucks and is anticipated to formally near by the finish of the 12 months whilst the financials will be consolidated with ReelTime’s.
ReelTimes VR capabilities which were being showcased in Inc. Magazines’ March 24th issue address the monetization difficulty of substantial generation price tag in relationship to the dimensions of the prospective viewers that has thwarted VR material creation. Employing ReelTime course of action and Ubiquiview technologies, articles can be shot in VR yet designed offered to significant networks and other flat material portals as perfectly. By growing the quantity of prospective viewers from only all those with a VR headset to almost all broadly utilised formats, conventional monetization via solution placement, embedded promoting, pre, and article-roll sponsorships, and so forth. turn out to be feasible.
Last thirty day period ReelTime VR topped the record published in Digital Truth Insider of 3 unidentified general public firms set to drive the explosion of the AR/VR worlds as access and adoption/adaptation develop into commonplace. The comprehensive article can be found at www.virtualrealityinsider.com . The article can make particular mention of the probably field-shaping significance of ReelTime’s patent Selection 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent covering apparatus and process claims for engineering involving simultaneous capturing of 360 X 360 diploma Spherical Panorama Images and Video clip.
Earlier this 12 months ReelTime VR appeared in TIME Magazine the place it was singled out as organizations “Among people most most likely to achieve from the developing virtual fact market” and where it cited ReelTime’s “In Entrance of View” as “The World’s No. 1 VR Journey Show”.
About NASDAQ Cash Markets: Nasdaq is a world wide technological know-how firm serving the money marketplaces and other industries. Our numerous supplying of facts, analytics, application and products and services allows purchasers to optimize and execute their company eyesight with confidence. A diverse choice of more than 4,000 organizations select to record on Nasdaq’s U.S., Nordic and Baltic exchanges, representing industries such as retail, well being treatment, finance, and technologies. In the U.S., Nasdaq is the listing venue of alternative for a lot of of the world’s most fascinating businesses. The Nasdaq Stock Industry has 3 distinctive tiers: The Nasdaq World Choose Market® , The Nasdaq World wide Market® and The Nasdaq Money Market® . Candidates need to satisfy selected financial, liquidity and company governance necessities to be approved for listing on any of these current market tiers.
About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded enterprise dependent in Seattle, WA (OTCPK:RLTR). ReelTime Media gives conclusion to conclusion production capabilities and discounted media purchasing that is redefining how corporations are assessing and paying for their Tv, radio, print, and other new media. ReelTime is also is in the business enterprise of developing, generating, and distributing Virtual Truth Information and technologies. We have an conclusion to end manufacturing, modifying, and distribution capabilities for interior and exterior assignments. ReelTime Presently creates a few ongoing series for the Samsung Gear VR platform and distributes them above many VR shipping and delivery portals such as Equipment VR, Oculus, Veer VR, HTC Vive, YouTube 360, Fb, and many others. ReelTime Media also publishes the e-book “It Was Constantly Me Edward Edwards the Most Prolific Serial Killer of All Time” which has been the issue of a protect story on Individuals Magazine, Rolling Stone, In Touch, and a 6-portion sequence on Paramount network, www.itwasalwaysme.com.