Baristas Begins Filing Updated Financials Moving Towards Upgrading OTC Markets Designation

Rhea-AI Summary

Baristas Coffee Company (OTC PINK:BCCI) has begun filing updated financials to improve its standing on the OTC Markets. These financials include enhanced disclosures to meet the highest levels of the OTC Markets. The Company aims to complete all filings in two weeks for an upgrade. Additionally, Baristas reported record sales growth for its White Coffee single-serve pods on Amazon and its virtual restaurant, Munchie Magic, has achieved record sales with the introduction of alcohol delivery in compliant states.

Positive

• Baristas Coffee has started filing updated financials, aiming for a higher OTC Markets designation.
• Sales of White Coffee single-serve pods surpassed 2020 total sales on Amazon.
• Record sales weeks for Munchie Magic, particularly after introducing hard alcohol delivery.

Negative

• None.

SEATTLE, WA / ACCESSWIRE / June 16, 2021 / Baristas Coffee Company/ (OTC PINK:BCCI) has begun filing updated financials on OTC Markets www.otcmarkets.com. The initial filing is the first of a series of filings that the company has been preparing to upgrade its designation on the OTC Markets.

The financials filed yesterday incorporate an enhanced level of disclosure that is intended to meet the criteria of the highest levels of the OTC Markets and beyond. The Company expects to have completed all of its filings to allow it to be upgraded within the next two weeks.

Barry Henthorn stated "Providing the highest possible levels of disclosure to our current and potential shareholders is among our highest priority. We are pleased that we are very close to having all of our financials filed at a level that will not only provide information to our shareholders, but we also fully expect will allow us to be upgraded by OTC Markets to the highest level in our tier."

In other News:

Baristas reported that sales its White Coffee single serve pods compatible with the Keurig 2.0 brewing system have exceeded 2020 total sales on Amazon passing previous record levels. http://www.trywhitecoffee.com/

Baristas Munchie Magic, its virtual restaurant delivering Ben and Jerrys' Ice cream, other snacks, Beer, wine, and hard alcohol has seen back-to-back record sales weeks since it began delivering hard alcohol, beer, and wine as regular items on their menus in states that permit delivery of alcohol.

Delivery of beer and wine has been available on a limited basis in Washington on the Munchie Magic menus via DoorDash on a trial basis. Based on that success Munchie Magic began delivering hard alcohol in Washington from its Pick up Partners who carry it through DoorDash. Adult beverages are now becoming a standard item on Munchie Magics' Menus in all states where permitted.

In exchange for the global perpetual exclusive license from ReelTime for the Munchie Magic concept and convenience store derivative Virtual Restaurants, ReelTime receives a per transaction license fee of $.35 in perpetuity in conjunction with the terms of the agreement beginning on Jan. 1st, 2021. In addition, the media buys, integration, technology development, IP, and other cutting edge marketing for the Munchie Magic virtual restaurants are made possible and are being created via digital media/technology frontrunner ReelTime Media (OTC PINK:RLTR) www.reeltime.com . The integration consolidates and analyses data from the delivery partners DoorDash, Uber Eats, and GrubHub along with sales, cost information, and pertinent demographics from Munchie Magic's Pick up Partners. ReelTime Media's capabilities are redefining how companies are evaluating and purchasing their TV, radio, print, and other new digital media.

About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com, is a publicly-traded company based in Seattle, WA (OTCPK:RLTR). ReelTime Media provides end to end production capabilities and discount media purchasing that is redefining how companies are evaluating and purchasing their TV, radio, print, and other new media. ReelTime was officially issued U.S. Patent Number 10,761,303 titled Simultaneous Spherical Panorama Image and Video Capturing System on September 1, 2020. ReelTime is also is in the business of developing, producing, and distributing Virtual Reality Content and technologies. We have an end to end production, editing, and distribution capabilities for internal and external projects. ReelTime currently produces three ongoing series for the Samsung Gear VR platform and distributes them over numerous VR delivery portals 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 has been the subject of a cover story on People Magazine, Rolling Stone, In Touch, and a six-part series on Paramount network, www.itwasalwaysme.com. ReelTime also develops and licenses Virtual commerce technologies.

About Baristas Coffee Company/ Munchie Magic: Baristas is a publicly-traded national Coffee Company that is recognized throughout the US. It is the majority shareholder of Munchie Magic, Inc., which manages the virtual restaurant which delivers Ben & Jerry's ice cream, Baristas Coffee, and other snack foods via third party delivery partners. Baristas currently produces and sells coffee related products under the Baristas brand. The Baristas White Coffee single-serve cups compatible with the Keurig 2.0 brewing system is the bestselling product in its category. Baristas also markets other coffee-related products. Baristas gained mainstream exposure when it became the subject of 'Grounded in Seattle', the reality show special feature which aired on WE tv. It has been featured nationally including during Shark Tank on CNBC with Front Montgomery, CNN, ESPN, Food Network, Cosmopolitan Magazine, Forbes Magazine, Modern Living with Kathy Ireland, Sports Illustrated, NFL Monday and Thursday Night Football with Megs McLean, at NASCAR Races, The Grammys, NBA TV, and other notable media.

Contact:

Barry Henthorn
barry@baristas.tv

SOURCE: Baristas Coffee Company Inc.

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https://www.accesswire.com/651953/Baristas-Begins-Filing-Updated-Financials-Moving-Towards-Upgrading-OTC-Markets-Designation

FAQ

What recent financial updates did Baristas Coffee Company file?

Baristas Coffee Company has started filing updated financials to improve its standing on the OTC Markets, with enhanced disclosures to meet the highest criteria.

What product had record sales for Baristas Coffee?

Baristas Coffee's White Coffee single-serve pods compatible with the Keurig 2.0 brewing system have exceeded total sales from 2020 on Amazon.

How is Munchie Magic performing in sales?

Munchie Magic has achieved back-to-back record sales weeks, especially after including hard alcohol in its delivery menu.

What is Baristas Coffee Company's goal with its financial filings?

The goal is to complete all filings within two weeks to qualify for an upgrade to the highest level on the OTC Markets.

What is the stock symbol for Baristas Coffee Company?

The stock symbol for Baristas Coffee Company is BCCI.

What is the stock symbol for ReelTime Media?

The stock symbol for ReelTime Media is RLTR.