Seattle, WA, Jan. 13, 2021 (Globe NEWSWIRE) — via NewMediaWire — ReelTime Media (OTC:RLTR) has achieved a technologies/software program license and improvement arrangement with Baristas (OTC:BCCI) “Munchie Magic”. The licensing agreement secures Munchie Magic world perpetual special entry to use the technological know-how and methodologies formulated by ReelTime that allow for the virtual restaurants to integrate with its companions, onboarding, marketing, and administrative capabilities for use with the Munchie Magic Digital Cafe or other advantage retail store shipping and delivery ideas. The agreement also enables for Munchie Magic to produce in concert with ReelTime or independently, derivatives and/or stand-by itself methodologies.
In trade for the international perpetual unique license from ReelTime for the Munchie Magic thought and ease shop by-product Virtual Restaurants, ReelTime will receive a for every transaction license payment of $.35 in perpetuity in conjunction with the phrases of the agreement commencing on Jan. 1st, 2021.
Baristas “Munchie Magic” has opened additional than 50 areas in the earlier 9 months delivering Ben & Jerry’s ice product, snacks, and very hot foodstuff to customers by way of shipping associates DoorDash, GrubHub, and Uber Eats. www.baristas.tv set www.munchiemagic.com in WA State and has now expanded into Oregon and California as effectively.
Barry Henthorn, CEO, mentioned: “ReelTime has built a scalable basis that can facilitate the enlargement of the Munchie Magic thought and over and above. Having secured a for each transaction price offers ReelTime a stake in the results that Munchie Magic is experiencing though offering them the self-confidence that we will continue being an active spouse. It aligns each providers to assist and develop the businesses in tandem.”
ReelTime has formally submitted an application as a Seasoned Organization In search of to Transfer Fairness and/or Personal debt Securities from Yet another U.S. Trade to be mentioned on the NASDAQ Capital Current market Exchange. The application has been logged in the NASDAQ Listing Middle, all relevant service fees have been compensated, and a listing analyst has been assigned to ReelTime to guide all over the method. In addition, the ask for for a new image (NASDAQ:RT) to be reserved for ReelTime to trade less than at the time the Corporation has satisfied all quantitative and qualitative criteria, such as specific corporate governance demands has been permitted.
ReelTime will proceed to post more data and documentation as it is necessary centered on comments from its assigned Listing Analyst and some others at NASDAQ who will be helping ReelTime, assuring that they satisfy all the necessary skills for NASDAQ Capital Marketplaces securities in Rule 4300 and or any other applicable regulatory demands. ReelTime will also will need to adhere to the company governance requirements set by NASDAQ. In addition, ReelTime have to comply with NASDAQ’s needs relating to audit committees, the director nomination’s method, the payment of officers, board composition, executive periods, quorum, and code of conduct between other people.
ReelTime will proceed to trade on the OTC Markets below the image (OTC:RLTR) all through the system and up right up until the shift to the NASDAQ Cash Sector will become efficient at which time the ticker symbol will become (NASDAQ:RT).
The NASDAQ Cash Marketplace gives firms the necessary capital in order to develop their business. The NASDAQ Money Market also presents a listing venue that claims to accommodate the unique phases of corporate lives of the corporations. All organizations that are shown on NASDAQ Funds Industry need to have to fulfill all the necessary qualifications for NASDAQ securities in Rule 4300. The providers also have to have to adhere to the company governance criteria established by NASDAQ.
In other information:
ReelTime has entered into a formal binding letter of settlement whereas it will acquire 100 % of NWBB, Inc. a 20-yr-old media corporation and its subsidiary Lower price Ad Brokers. The acquisition is valued at 12 million dollars and is anticipated to formally close by the close of the calendar year whereas the financials will be consolidated with ReelTime’s.
ReelTimes VR abilities which ended up showcased in Inc. Magazines’ March 24th issue address the monetization dilemma of superior manufacturing expense in marriage to the dimensions of the potential viewers that has thwarted VR content material generation. Working with ReelTime method and Ubiquiview technological innovation, articles can be shot in VR yet built obtainable to significant networks and other flat content portals as perfectly. By expanding the range of potential viewers from only people with a VR headset to practically all broadly applied formats, traditional monetization via merchandise placement, embedded promoting, pre, and post-roll sponsorships, and many others. come to be feasible.
Previous thirty day period ReelTime VR topped the listing posted in Digital Truth Insider of a few unknown general public providers set to drive the explosion of the AR/VR worlds as entry and adoption/adaptation turn into commonplace. The complete short article can be viewed at www.virtualrealityinsider.com . The post helps make particular point out of the perhaps field-shaping importance of ReelTime’s patent Number 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent masking apparatus and method claims for technological innovation involving simultaneous capturing of 360 X 360 degree Spherical Panorama Pictures and Movie.
Previously this yr ReelTime VR appeared in TIME Journal where by it was singled out as businesses “Amongst all those most most likely to attain from the growing virtual truth market” and where it cited ReelTime’s “In Front of View” as “The World’s No. 1 VR Travel Show”.
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About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded corporation primarily based in Seattle, WA (OTCPK:RLTR). ReelTime Media delivers finish to conclude output capabilities and low cost media buying that is redefining how businesses are evaluating and obtaining their Tv, radio, print, and other new media. ReelTime is also is in the organization of developing, making, and distributing Virtual Truth Written content and technologies. We have an conclude to finish output, editing, and distribution capabilities for inner and exterior projects. ReelTime At the moment generates a few ongoing sequence for the Samsung Equipment VR platform and distributes them about quite a few VR shipping portals including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Fb, and others. ReelTime Media also publishes the book “It Was Usually Me Edward Edwards the Most Prolific Serial Killer of All Time” which has been the topic of a protect tale on Men and women Magazine, Rolling Stone, In Contact, and a 6-element series on Paramount community, www.itwasalwaysme.com.