Seattle, WA, Jan. 13, 2021 (World NEWSWIRE) — by way of NewMediaWire — ReelTime Media (OTC:RLTR) has reached a technology/software program license and progress arrangement with Baristas (OTC:BCCI) “Munchie Magic”. The licensing agreement secures Munchie Magic world perpetual distinctive entry to use the technology and methodologies made by ReelTime that let the virtual places to eat to combine with its partners, onboarding, advertising, and administrative features for use with the Munchie Magic Virtual Restaurant or other comfort keep shipping principles. The arrangement also enables for Munchie Magic to acquire in live performance with ReelTime or independently, derivatives and/or stand-alone methodologies.
In trade for the international perpetual exclusive license from ReelTime for the Munchie Magic concept and advantage keep by-product Virtual Eating places, ReelTime will get a for each transaction license rate of $.35 in perpetuity in conjunction with the phrases of the arrangement starting on Jan. 1st, 2021.
Baristas “Munchie Magic” has opened additional than 50 locations in the previous 9 months providing Ben & Jerry’s ice cream, treats, and scorching food items to consumers by means of shipping partners DoorDash, GrubHub, and Uber Eats. www.baristas.tv set www.munchiemagic.com in WA Point out and has now expanded into Oregon and California as effectively.
Barry Henthorn, CEO, stated: “ReelTime has developed a scalable basis that can aid the enlargement of the Munchie Magic principle and further than. Owning secured a for every transaction price provides ReelTime a stake in the results that Munchie Magic is encountering while offering them the self-confidence that we will remain an active husband or wife. It aligns both of those businesses to assistance and expand the corporations in tandem.”
ReelTime has formally submitted an application as a Seasoned Company Looking for to Transfer Equity and/or Personal debt Securities from Yet another U.S. Exchange to be outlined on the NASDAQ Cash Marketplace Exchange. The application has been logged in the NASDAQ Listing Heart, all relevant fees have been paid, and a listing analyst has been assigned to ReelTime to help during the course of action. In addition, the ask for for a new image (NASDAQ:RT) to be reserved for ReelTime to trade below as soon as the Corporation has met all quantitative and qualitative criteria, together with particular corporate governance requirements has been approved.
ReelTime will proceed to submit added info and documentation as it is necessary primarily based on feedback from its assigned Listing Analyst and other people at NASDAQ who will be helping ReelTime, assuring that they fulfill all the demanded qualifications for NASDAQ Cash Markets securities in Rule 4300 and or any other relevant regulatory requirements. ReelTime will also need to have to adhere to the corporate governance requirements established by NASDAQ. In addition, ReelTime need to comply with NASDAQ’s specifications relating to audit committees, the director nomination’s approach, the compensation of officers, board composition, govt sessions, quorum, and code of perform amongst others.
ReelTime will carry on to trade on the OTC Markets beneath the image (OTC:RLTR) through the process and up till the shift to the NASDAQ Capital Marketplace results in being helpful at which time the ticker symbol will grow to be (NASDAQ:RT).
The NASDAQ Funds Industry supplies organizations the essential funds in get to improve their company. The NASDAQ Capital Market place also delivers a listing venue that guarantees to accommodate the unique phases of corporate lives of the businesses. All firms that are detailed on NASDAQ Cash Industry will need to fulfill all the needed qualifications for NASDAQ securities in Rule 4300. The organizations also will need to adhere to the corporate governance criteria established by NASDAQ.
In other news:
ReelTime has entered into a official binding letter of agreement while it will receive 100 p.c of NWBB, Inc. a 20-12 months-outdated media enterprise and its subsidiary Discount Advert Brokers. The acquisition is valued at 12 million bucks and is envisioned to formally shut by the close of the year whilst the financials will be consolidated with ReelTime’s.
ReelTimes VR abilities which have been showcased in Inc. Magazines’ March 24th issue remedy the monetization challenge of higher production charge in partnership to the measurement of the likely viewers that has thwarted VR material creation. Utilizing ReelTime process and Ubiquiview technology, written content can be shot in VR yet designed out there to important networks and other flat material portals as well. By expanding the amount of potential viewers from only people with a VR headset to just about all broadly applied formats, classic monetization via item placement, embedded marketing, pre, and publish-roll sponsorships, and so forth. turn out to be possible.
Last month ReelTime VR topped the list printed in Digital Truth Insider of three unidentified public companies set to push the explosion of the AR/VR worlds as entry and adoption/adaptation grow to be commonplace. The total short article can be found at www.virtualrealityinsider.com . The posting tends to make distinctive point out of the potentially sector-shaping importance of ReelTime’s patent Variety 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent masking apparatus and system promises for technologies involving simultaneous capturing of 360 X 360 degree Spherical Panorama Images and Online video.
Previously this 12 months ReelTime VR appeared in TIME Magazine in which it was singled out as corporations “Between these most probably to obtain from the expanding digital actuality sector” and exactly where it cited ReelTime’s “In Front of Watch” as “The World’s No. 1 VR Vacation Show”.
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About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded company dependent in Seattle, WA (OTCPK:RLTR). ReelTime Media supplies close to end production abilities and price reduction media getting that is redefining how firms are evaluating and getting their Television, radio, print, and other new media. ReelTime is also is in the organization of developing, creating, and distributing Digital Truth Content material and technologies. We have an finish to finish manufacturing, enhancing, and distribution abilities for internal and external assignments. ReelTime At present makes three ongoing collection for the Samsung Gear VR system and distributes them above many VR supply portals such as Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and many others. ReelTime Media also publishes the ebook “It Was Constantly Me Edward Edwards the Most Prolific Serial Killer of All Time” which has been the matter of a cover tale on Persons Journal, Rolling Stone, In Touch, and a six-aspect collection on Paramount community, www.itwasalwaysme.com.