Baristas Coffee Co Inc Stock Price, News & Analysis

Baristas Coffee Company (OTC PINK:BCCI) is set to open its third restaurant, Thai Dah, near Seattle-Tacoma International Airport in November. This new location aims to serve the growing demand along the I-5 corridor, capitalizing on nearby hotels and residential areas. Thai Dah delivers authentic Thai cuisine via platforms like Uber Eats and Grub Hub, leveraging a global technology licensing agreement with ReelTime Media (OTC PINK:RLTR) to enhance its operations. With over 50 locations opened in the last year, Baristas continues to expand its footprint in the virtual restaurant space.

Baristas Coffee Company announced the opening of its second Thai Dah location near Joint Base Lewis-McChord (JBLM) to serve Thai food to military personnel and local residents. This expansion follows a successful launch of their virtual restaurant model. CEO Barry Henthorn emphasized the significance of serving military families. The new Thai Dah location will utilize third-party delivery services like Uber Eats, Grub Hub, and Door Dash, leveraging technology and marketing assistance from their partner ReelTime Media, enhancing operational efficiency and customer access.

ReelTime VR/ReelTime Media (OTC PINK:RLTR) reported an increase in revenues from its technology license with Baristas (OTC PINK:BCCI) for its virtual restaurants, Munchie Magic and Thai Dah. CEO Barry Henthorn stated that Munchie Magic's growth continues effectively, while Thai Dah began generating revenue in October. Over 50 Munchie Magic locations have been established in 10 states, partnering with delivery services like DoorDash and GrubHub. ReelTime receives a transaction fee of $0.35 in perpetuity under the licensing agreement.

Baristas Coffee Company (OTC PINK:BCCI) reported record revenues in October driven by its Munchie Magic virtual restaurants, which offer products including Ben & Jerry's ice cream, alcohol, and snacks. Revenues more than tripled from October 2020, with strong alcohol sales boosting overall performance. The company opened 6 new Munchie Magic locations and its Thai Dah virtual restaurant, further enhancing revenue streams. Collaborations with delivery partners like DoorDash and GrubHub continue to facilitate growth. The expansion of technology partnerships is also significant.

ReelTime VR/ReelTime Media (OTC PINK:RLTR) reported increased revenues from their technology license with Munchie Magic, a rapidly growing virtual restaurant. The recent expansion of their licensing agreement includes a new virtual restaurant platform, Thai Dah, adding to the success of Munchie Magic, which has opened over 50 locations across 10 states. ReelTime receives a perpetual transaction fee of $0.35 per order. The company continues to develop its technology for virtual restaurant integration, enhancing partnerships and administrative functions.

Baristas Coffee Company reported record revenues for September 2021, surpassing August figures by over 20% and more than tripling compared to the same month in the previous year. Key highlights include a significant uptick in alcohol sales, now the second-highest revenue source, while ice cream remains the top seller. The company opened five new Munchie Magic locations in September and aims to expand further. Additionally, Baristas expanded its technology agreement with ReelTime Media for new virtual restaurant initiatives, enhancing its operational capabilities.

Baristas Coffee Company/Munchie Magic (OTC:BCCI) reported record revenues in August, exceeding March 2021 figures by nearly 8% and more than doubling from August 2020. The surge is attributed to increased alcohol sales, with ice cream remaining the top-selling product. Munchie Magic also expanded by opening 6 new locations in August, with 5 more anticipated in September. The company recently extended its partnership with ReelTime Media to enhance technology and marketing for virtual restaurants, further solidifying its market presence.

Baristas Coffee Company reported record revenues of its Munchie Magic service in August, surpassing previous highs by nearly 8% compared to March 2021, and more than doubling from August 2020. This growth is attributed primarily to increased alcohol sales, while ice cream remains the best-seller. The company opened six new locations in August and plans five more in September. Additionally, Baristas expanded its technology licensing agreement with ReelTime Media (RLTR) for the Thai Dah virtual restaurant platform, enhancing its digital integration capabilities.

Baristas Coffee Company has appointed international supermodel and actress Front Montgomery as the spokesperson for its virtual Thai restaurant, Thai Dah. Montgomery, a recognized figure in the Thai-American community, aims to leverage her experience and connections to boost the restaurant's growth. Thai Dah focuses on delivering popular Thai dishes through delivery partners while employing a unique integrated tablet system for restaurant partners. The company has also expanded its technology agreement with ReelTime Media to enhance operational capabilities.