Seattle, WA, Jan. 13, 2021 (World NEWSWIRE) — by way of NewMediaWire — ReelTime Media (OTC:RLTR) has attained a know-how/program license and growth agreement with Baristas (OTC:BCCI) “Munchie Magic”. The licensing settlement secures Munchie Magic global perpetual exclusive access to use the technologies and methodologies created by ReelTime that allow for the virtual dining places to integrate with its partners, onboarding, advertising, and administrative capabilities for use with the Munchie Magic Digital Restaurant or other convenience retail store shipping and delivery ideas. The settlement also will allow for Munchie Magic to establish in live performance with ReelTime or independently, derivatives and/or stand-by itself methodologies.
In exchange for the world wide perpetual distinctive license from ReelTime for the Munchie Magic thought and ease retail outlet derivative Digital Dining places, ReelTime will acquire a for each transaction license cost of $.35 in perpetuity in conjunction with the terms of the agreement commencing on Jan. 1st, 2021.
Baristas “Munchie Magic” has opened extra than 50 destinations in the earlier nine months delivering Ben & Jerry’s ice product, snacks, and sizzling food items to prospects by means of shipping and delivery partners DoorDash, GrubHub, and Uber Eats. www.baristas.tv www.munchiemagic.com in WA Condition and has now expanded into Oregon and California as perfectly.
Barry Henthorn, CEO, mentioned: “ReelTime has designed a scalable basis that can facilitate the enlargement of the Munchie Magic principle and over and above. Getting secured a for every transaction charge provides ReelTime a stake in the achievements that Munchie Magic is enduring whilst providing them the assurance that we will remain an energetic spouse. It aligns both organizations to guidance and improve the corporations in tandem.”
ReelTime has formally submitted an software as a Seasoned Enterprise In search of to Transfer Equity and/or Personal debt Securities from A further U.S. Exchange to be listed on the NASDAQ Cash Marketplace Exchange. The application has been logged in the NASDAQ Listing Middle, all applicable charges have been compensated, and a listing analyst has been assigned to ReelTime to aid in the course of the course of action. In addition, the ask for for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade beneath at the time the Firm has satisfied all quantitative and qualitative criteria, together with specific company governance necessities has been accredited.
ReelTime will continue on to submit supplemental info and documentation as it is necessary primarily based on responses from its assigned Listing Analyst and some others at NASDAQ who will be aiding ReelTime, assuring that they fulfill all the expected skills for NASDAQ Cash Markets securities in Rule 4300 and or any other applicable regulatory requirements. ReelTime will also will need to adhere to the company governance standards set by NASDAQ. In addition, ReelTime should comply with NASDAQ’s needs relating to audit committees, the director nomination’s approach, the compensation of officers, board composition, government periods, quorum, and code of conduct amid other individuals.
ReelTime will go on to trade on the OTC Markets less than the image (OTC:RLTR) in the course of the procedure and up until the transfer to the NASDAQ Funds Marketplace results in being productive at which time the ticker symbol will grow to be (NASDAQ:RT).
The NASDAQ Funds Current market offers companies the required capital in buy to improve their business enterprise. The NASDAQ Funds Current market also provides a listing venue that claims to accommodate the distinct phases of company life of the corporations. All providers that are stated on NASDAQ Capital Sector need to satisfy all the necessary skills for NASDAQ securities in Rule 4300. The businesses also require to adhere to the corporate governance requirements established by NASDAQ.
In other information:
ReelTime has entered into a official binding letter of arrangement whilst it will obtain 100 percent of NWBB, Inc. a 20-year-outdated media organization and its subsidiary Price cut Ad Brokers. The acquisition is valued at 12 million bucks and is anticipated to formally shut by the finish of the calendar year whilst the financials will be consolidated with ReelTime’s.
ReelTimes VR capabilities which were being showcased in Inc. Magazines’ March 24th issue clear up the monetization issue of superior output expense in romance to the size of the prospective viewers that has thwarted VR material development. Using ReelTime method and Ubiquiview engineering, content material can be shot in VR nonetheless manufactured out there to major networks and other flat content portals as perfectly. By expanding the selection of likely viewers from only those with a VR headset to nearly all widely used formats, common monetization by means of merchandise placement, embedded promoting, pre, and article-roll sponsorships, and so on. turn into attainable.
Past month ReelTime VR topped the record revealed in Digital Actuality Insider of 3 not known public corporations established to generate the explosion of the AR/VR worlds as entry and adoption/adaptation turn out to be commonplace. The comprehensive posting can be noticed at www.virtualrealityinsider.com . The posting tends to make distinctive point out of the potentially sector-shaping significance of ReelTime’s patent Amount 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent covering equipment and method statements for technological know-how involving simultaneous capturing of 360 X 360 degree Spherical Panorama Pictures and Video clip.
Earlier this calendar year ReelTime VR appeared in TIME Journal where by it was singled out as firms “Among people most possible to gain from the escalating digital actuality market” and wherever it cited ReelTime’s “In Front of View” 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 corporation based in Seattle, WA (OTCPK:RLTR). ReelTime Media provides stop to stop creation abilities and low cost media buying that is redefining how corporations are assessing and buying their Television set, radio, print, and other new media. ReelTime is also is in the business enterprise of establishing, creating, and distributing Digital Truth Material and technologies. We have an stop to close output, enhancing, and distribution abilities for internal and exterior jobs. ReelTime At this time produces 3 ongoing series for the Samsung Gear VR platform and distributes them in excess of a lot of VR delivery portals together with Equipment VR, Oculus, Veer VR, HTC Vive, YouTube 360, Fb, and others. ReelTime Media also publishes the e book “It Was Usually Me Edward Edwards the Most Prolific Serial Killer of All Time” which has been the matter of a deal with story on Men and women Journal, Rolling Stone, In Contact, and a 6-aspect series on Paramount community, www.itwasalwaysme.com.