BCCI - ReelTime Q1 Revenues Soar 10 Times Over Q1 2020 Exceeding 1.3 Million - Files Annual 2020 and Q1 2021 Financial Disclosure Statements
Seattle, WA - (NewMediaWire) - June 30, 2021 - ReelTime VR/ReelTime Media (OTC:RLTR)has completed and filed to OTC Markets its 2020 Annual Report and its Q1 2021Quarterly Report pursuant to basic disclosure guidelines. www.otcmarkets.com .
The latestQuarterly filing is the final set of Financials and Disclosures (whichincorporate consolidated financials post the “DAB” acquisition) required in aseries of filings that the company has been posting as it prepares to upgradeits designation on the OTC Markets and beyond.
OTC MarketsGroup segments PINK companies based on the information they provide toinvestors into Current, Limited or No Information. The PINK Market is forprofessional and sophisticated investors with a high risk-tolerance for tradingcompanies with limited information available and limited regulatory oversight.Investors are strongly advised to proceed with caution and thoroughly researchcompanies before making any investment decisions.
BarryHenthorn – CEO stated: "This is a very important step in ReelTime’s abilityto upgrade its designation and to prepare for its uplisting. Now that we havecompleted this milestone we can move forward with our audit and in meetingother requirements needed to move to a senior exchange."
ReelTimehas now completed and filed to OTC Markets its Q1 2021 Quarterly Reportpursuant to basic disclosure guidelines. www.otcmarkets.com . The latest filing is the finalfinancial report required to upgrade its designation to “Current Information”the highest of all designations on the OTC Markets “PINK” tier. To qualify forCurrent Information, a non-reporting Pink company may subscribe to the OTC Disclosure & News Service andpublish current information pursuant to OTC Markets’ Pink Basic Disclosure Guidelines. All currentinformation is made publicly available on www.otcmarkets.com.More information on each of these steps is available as noted below:
Companieswill be processed for “Current Information” once all required documentation hasbeen submitted:
· Financial Statements: Two most recent Annual reports and any subsequentQuarterly Report
· Disclosure Statement: Most recent Annual and any subsequent Quarterly Reports
· Attorney Letter covering all relevant information for non-audited companies
· The Company Profile has been verified through OTCIQ
All filingswill now be reviewed by council and if accepted an “Attorney Letter withRespect to Current Information” will be submitted which if accepted by OTCMarkets will likely allow ReelTime to be upgraded.
Allrecently filed financials incorporate an enhanced level of disclosure that isintended to meet the criteria of the highest levels of the OTC Markets andbeyond. The Company expects to have completed all its filings to allow it to beupgraded within the next week or so.
Otherrecent news:
ReelTimehas reduced the potential dilution by 20 million shares as a result of asuccessful negotiated settlement with one of its strongest supporters.
ReelTimeAcquires 100% of LoudMouth Media from CBMJ – Expanding Scope and Distribution
ReelTime TVChannels Adding 40 million Apple TV Users to Potentially Reach Over 140 MillionMonthly Active Users
ReelTime TVChannels Adding 50 Million Amazon Fire TV Users to Roku’s 51.2 Million MonthlyActive Users, Exceeding Cable, Satellite Potential Reach Combined
ReelTime toLaunch Roku Channel ReelTime TV to 51.2 Million Monthly Active Users, ExpandingContent Distribution and Advertising Revenues Using Technology
ReelTimehas formally submitted an application as a Seasoned Company Seeking to TransferEquity and/or Debt Securities from Another U.S. Exchange to be listed on theNASDAQ Capital Market Exchange. The application has been logged in the NASDAQListing Center, all applicable fees have been paid, and a listing analyst hasbeen assigned to ReelTime to assist throughout the process. In addition, therequest for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade underonce the Company has met all quantitative and qualitative criteria, includingcertain corporate governance requirements, has been approved. ReelTime willcontinue to submit additional information and documentation as it is requiredbased on comments from its assigned Listing Analyst and others at NASDAQ whowill be assisting ReelTime, assuring that they satisfy all the requiredqualifications for NASDAQ Capital Markets securities in Rule 4300 and or anyother applicable regulatory requirements. ReelTime will also need to adhere tothe corporate governance standards set by NASDAQ. In addition, ReelTime mustcomply with NASDAQ's requirements relating to audit committees, the directornomination process, the compensation of officers, board composition, executivesessions, quorum, and code of conduct, among others.
ReelTimewill continue to trade on the OTC Markets under the symbol (OTC:RLTR)throughout the process and up until the move to the NASDAQ Capital Marketbecomes effective, at which time the ticker symbol will become (NASDAQ:RT).
The NASDAQCapital Market provides companies the required capital in order to grow theirbusiness. The NASDAQ Capital Market also provides a listing venue that promisesto accommodate the different stages of corporate lives of the companies. Allcompanies that are listed on NASDAQ Capital Market need to satisfy all therequired qualifications for NASDAQ securities in Rule 4300. The companies alsoneed to adhere to the corporate governance standards set by NASDAQ.
ReelTimehas engaged Pinnacle Accountancy Group of Utah ("Pinnacle" a dba ofthe PCAOB-registered audit firm Heaton & Company, PLLC) to perform anindependent audit of the Company's financial statements. The audit will beperformed according to the guidelines set forth by the NASDAQ ListingRequirements and the Public Company Accounting Oversight Board auditingstandards. Pinnacle is one of the leading firms in and throughout the UnitedStates and abroad. Its partners and staff have provided audit services for SECregistrants since 2001 and are highly experienced dealing with the complexauditing and accounting challenges facing public companies.
ReelTimeMedia reached a technology/software license and development agreement withBaristas (OTC:BCCI) "Munchie Magic." The licensing agreement securesMunchie Magic global perpetual, exclusive access to use the technology andmethodologies developed by ReelTime that allow the virtual restaurants tointegrate with its partners, onboarding, marketing, and administrativefunctions for use with the Munchie Magic Virtual Restaurant or otherconvenience store delivery concepts. The agreement also allows for MunchieMagic to develop in concert with ReelTime or independently derivatives and/orstand-alone methodologies. In exchange for the global perpetual, exclusivelicense from ReelTime for the Munchie Magic concept and convenience storederivative Virtual Restaurants, ReelTime will receive a per transaction licensefee of $.35 in perpetuity in conjunction with the terms of the agreementbeginning on Jan. 1st, 2021. Baristas "Munchie Magic" has opened morethan 50 locations in the past nine months delivering Ben & Jerry's ice cream,snacks, and hot foods to customers via delivery partners DoorDash, GrubHub, andUber Eats. www.munchiemagic.com inWA State and has now expanded into Oregon, California, Illinois, and Arizona aswell.
ReelTime VR(OTC PINK:RLTR) confirmed that the patent application number 15/654,613, titledSimultaneous Spherical Panorama Image and Video Capturing System, hasofficially been issued as U.S. Patent Number 10,761,303 September 1, 2020. Theterm of the patent is 20 years and 247 days from the earliest filing date ofthe patent application, calculated to be March 23, 2038. Although the originaltechnology allows any cell phone or other camera to instantaneously capture 360X 360 Virtual Reality Video or pictures without any need for stitching, thepatent provides protection from infringement from any capturing of a pluralityof images utilizing at least one mirror. This spans a wide range of industriesand uses.
AboutNASDAQ Capital Markets: Nasdaq is a global technologycompany serving the capital markets and other industries. Its diverse offeringof data, analytics, software, and services enables clients to optimize andexecute their business vision with confidence. A diverse selection of over4,000 companies choose to list on Nasdaq's U.S., Nordic and Baltic exchanges,representing industries such as retail, health care, finance, and technology.In the U.S., Nasdaq is the listing venue of choice for many of the world's mostexciting companies. The Nasdaq Stock Market has three distinctive tiers: TheNasdaq Global Select Market®, The Nasdaq Global Market®, and The Nasdaq CapitalMarket®. Applicants must satisfy certain financial, liquidity, and corporategovernance requirements to be approved for listing on any of these markettiers.
AboutReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com isa publicly-traded company based in Seattle, WA (OTCPK:RLTR). ReelTime Mediaprovides end-to-end production capabilities and discount media purchasing thatis redefining how companies are evaluating and purchasing their TV, radio,print, and other new media. ReelTime is also is in the business of developing,producing and distributing Virtual Reality Content and technologies. We have anend to end production, editing, and distribution capabilities for internal andexternal projects. ReelTime Currently produces three ongoing series for theSamsung Gear VR platform and distributes them over numerous VR deliveryportals, including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook,and others. ReelTime Media also publishes the book "It Was Always Me!Edward Edwards, the Most Prolific Serial Killer of All Time," which hasbeen the subject of a cover story on People Magazine, Rolling Stone, In Touch,and a six-part series on Paramount network, www.itwasalwaysme.com .
CONTACT:
BarryHenthorn
ceo@reeltime.com