Seattle, WA, Jan. 13, 2021 (Globe NEWSWIRE) — by way of NewMediaWire — ReelTime Media (OTC:RLTR) has achieved a technological innovation/software package license and improvement settlement with Baristas (OTC:BCCI) “Munchie Magic”. The licensing settlement secures Munchie Magic global perpetual unique obtain to use the technological know-how and methodologies created by ReelTime that permit the virtual places to eat to integrate with its associates, onboarding, advertising, and administrative functions for use with the Munchie Magic Virtual Cafe or other advantage retail store shipping and delivery ideas. The arrangement also makes it possible for for Munchie Magic to create in concert with ReelTime or independently, derivatives and/or stand-alone methodologies.
In trade for the world wide perpetual unique license from ReelTime for the Munchie Magic notion and ease retailer derivative Virtual Places to eat, ReelTime will get a per transaction license charge of $.35 in perpetuity in conjunction with the conditions of the agreement starting on Jan. 1st, 2021.
Baristas “Munchie Magic” has opened additional than 50 places in the earlier 9 months providing Ben & Jerry’s ice product, treats, and warm food items to customers by using delivery partners DoorDash, GrubHub, and Uber Eats. www.baristas.television www.munchiemagic.com in WA State and has now expanded into Oregon and California as perfectly.
Barry Henthorn, CEO, stated: “ReelTime has designed a scalable basis that can aid the growth of the Munchie Magic principle and further than. Acquiring secured a for every transaction fee provides ReelTime a stake in the results that Munchie Magic is encountering while providing them the self-assurance that we will stay an lively spouse. It aligns equally companies to assistance and improve the enterprises in tandem.”
ReelTime has formally submitted an application as a Seasoned Company Looking for to Transfer Fairness and/or Credit card debt Securities from A further U.S. Exchange to be mentioned on the NASDAQ Money Industry Exchange. The software has been logged in the NASDAQ Listing Center, all relevant charges have been compensated, and a listing analyst has been assigned to ReelTime to assist during the procedure. In addition, the ask for for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade underneath at the time the Firm has met all quantitative and qualitative criteria, which includes sure corporate governance requirements has been authorized.
ReelTime will go on to post extra details and documentation as it is demanded based mostly on opinions from its assigned Listing Analyst and many others at NASDAQ who will be assisting ReelTime, assuring that they fulfill all the needed skills for NASDAQ Funds Markets securities in Rule 4300 and or any other applicable regulatory necessities. ReelTime will also need to adhere to the corporate governance specifications set by NASDAQ. In addition, ReelTime ought to comply with NASDAQ’s requirements relating to audit committees, the director nomination’s procedure, the payment of officers, board composition, govt classes, quorum, and code of carry out among other people.
ReelTime will continue to trade on the OTC Marketplaces below the symbol (OTC:RLTR) during the course of action and up until finally the go to the NASDAQ Cash Industry will become powerful at which time the ticker image will turn out to be (NASDAQ:RT).
The NASDAQ Capital Current market presents businesses the expected cash in order to improve their enterprise. The NASDAQ Money Sector also gives a listing venue that guarantees to accommodate the various phases of corporate life of the corporations. All providers that are stated on NASDAQ Funds Marketplace need to satisfy all the needed qualifications for NASDAQ securities in Rule 4300. The businesses also will need to adhere to the company governance requirements established by NASDAQ.
In other news:
ReelTime has entered into a official binding letter of arrangement while it will get 100 per cent of NWBB, Inc. a 20-year-previous media corporation and its subsidiary Price reduction Advert Brokers. The acquisition is valued at 12 million pounds and is envisioned to formally shut by the end of the 12 months whilst the financials will be consolidated with ReelTime’s.
ReelTimes VR abilities which were being showcased in Inc. Magazines’ March 24th issue solve the monetization difficulty of higher manufacturing price tag in connection to the size of the potential viewers that has thwarted VR content material development. Employing ReelTime course of action and Ubiquiview technologies, content material can be shot in VR nevertheless built out there to big networks and other flat articles portals as nicely. By increasing the quantity of prospective viewers from only these with a VR headset to practically all widely utilized formats, standard monetization via solution placement, embedded promoting, pre, and write-up-roll sponsorships, etc. turn out to be attainable.
Past month ReelTime VR topped the listing revealed in Digital Truth Insider of three mysterious community corporations set to generate the explosion of the AR/VR worlds as access and adoption/adaptation grow to be commonplace. The total short article can be noticed at www.virtualrealityinsider.com . The posting would make exclusive mention of the likely market-shaping significance of ReelTime’s patent Quantity 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent covering equipment and method promises for technologies involving simultaneous capturing of 360 X 360 degree Spherical Panorama Photographs and Video clip.
Before this 12 months ReelTime VR appeared in TIME Magazine wherever it was singled out as businesses “Among those most very likely to get from the escalating digital truth market” and the place it cited ReelTime’s “In Front of View” as “The World’s No. 1 VR Vacation Show”.
About NASDAQ Cash Marketplaces: Nasdaq is a world-wide technological innovation organization serving the money marketplaces and other industries. Our various supplying of data, analytics, software program and solutions enables clientele to improve and execute their business enterprise eyesight with self esteem. A varied assortment of over 4,000 firms pick out to listing on Nasdaq’s U.S., Nordic and Baltic exchanges, symbolizing industries such as retail, health and fitness care, finance, and technological know-how. In the U.S., Nasdaq is the listing location of preference for lots of of the world’s most fascinating corporations. The Nasdaq Inventory Current market has three unique tiers: The Nasdaq International Pick Market® , The Nasdaq World Market® and The Nasdaq Funds Market® . Candidates will have to satisfy particular fiscal, liquidity and company governance needs to be approved for listing on any of these sector tiers.
About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded firm based mostly in Seattle, WA (OTCPK:RLTR). ReelTime Media delivers conclude to close output abilities and discount media obtaining that is redefining how corporations are analyzing and purchasing their Tv set, radio, print, and other new media. ReelTime is also is in the enterprise of establishing, creating, and distributing Digital Fact Content and systems. We have an close to conclude manufacturing, editing, and distribution capabilities for interior and external jobs. ReelTime At present generates a few ongoing collection for the Samsung Gear VR system and distributes them above a lot of VR delivery portals such as Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and some others. ReelTime Media also publishes the e-book “It Was Often Me Edward Edwards the Most Prolific Serial Killer of All Time” which has been the matter of a go over tale on Folks Journal, Rolling Stone, In Touch, and a six-aspect sequence on Paramount community, www.itwasalwaysme.com.