More Record Revenues for Baristas "Munchie Magic" in October and "Thai Dah" Opens for Business

Rhea-AI Summary

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.

Positive

• October revenues tripled compared to October 2020.
• Munchie Magic opened 6 new locations in October, expanding market reach.
• Alcohol sales are increasing, contributing to overall revenue gains.
• Thai Dah restaurant commenced operations, adding to revenue sources.
• Expansion of technology licensing with ReelTime Media supports growth.

Negative

• None.

SEATTLE, WA / ACCESSWIRE / November 2, 2021 / Baristas Coffee Company/Munchie Magic dba Thai Dah (OTC PINK:BCCI) announced that its revenues in October from its Munchie Magic virtual restaurants delivering Ben & Jerry's ice cream, beer, wine, hard alcohol, and other snacks have reached another all-time high. In addition, its Thai delivery restaurant "Thai Dah" began taking orders further contributing to October's revenues.

October revenues more than tripled from the same period in 2020. Alcohol sales continue to increase, yet ice cream remains the No. 1 selling product.

During the Month of October Munchie Magic opened 6 additional locations and one Thai Dah location and expects to open more during November.

Barry Henthorn, CEO, stated: "The continued expansion of Munchie Magic is very encouraging. Furthermore, now that we have been able to begin receiving revenues from Thai Dah as well, we expect that overall revenues will continue to increase month over month."

Thai Dah is led by international Thai superstar Front Montgomery. Named "The Most Beautiful Woman of All Time" www.mostbeautifulwomenintheworld.com, Front Montgomery became one of Asia's top all-time supermodels in the 80s emerging into one of the most recognized and beloved actresses and spokeswomen. Front is a Thai American international supermodel, businesswoman, and 'A List' actress with countless roles in television, theater, and movies. She has also been the face and body for worldwide brands such as Coca-Cola, Wimbledon, Ponds, Wacoal, and Benetton, among others. She has appeared in over 100 Television series and specials as an actress or celebrity over the past 20 years. Front has been featured on the cover of countless magazines, profile publications and theatrical release films.

Thai Dah provides Thai cuisine prepared and packaged by our Thai restaurant partners, delivered to our customers by our delivery partners Uber Eats, Grub Hub, and Door Dash. Thai Dah provides all the technology, marketing, advertising, and industry knowledge. Restaurant partners use only one integrated tablet for all our delivery partners as well as for all their existing or future delivery partners at no additional cost. We provide the tablet and training; all restaurant partners need to do is be ready to sell what they already prepare in their restaurant!

Baristas recently expanded its technology/software license and development agreement with its primary technology and media partner ReelTime Media (OTC PINK:RLTR) beyond Munchie Magic/MiniBar Magic to feature Thai Dah, a virtual restaurant platform for Thai restaurants. The licensing agreement allows Thai Dah to have rights to utilize the global perpetual technology license and methodologies developed by ReelTime that allow the virtual restaurants to integrate with its partners, onboarding, marketing, and administrative functions.

Baristas "Munchie Magic" has opened more than 50 locations in the past twelve months in 10 states delivering Ben & Jerry's ice cream, snacks, beer, wine, hard alcohol, and hot foods to customers via delivery partners DoorDash, GrubHub, and Uber Eats. www.baristas.tv www.munchiemagic.com.

In exchange for the global perpetual exclusive license from ReelTime for the Munchie Magic/MiniBar Magic, and Thai Dah concepts and derivative Virtual Restaurants, ReelTime receives a per transaction license fee of $.35 in perpetuity in conjunction with the terms of the agreement beginning on August 11th, 2021.

ReelTime maintains all rights and derivative works for non-Munchie Magic, MiniBar Magic, and Thai Dah applications.

The media buys, integration, technology development, IP, and other cutting edge marketing for the 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/Thai Dah' 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 (OTC PINK: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 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.

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 also owns and operates the virtual restaurant Thai Dah which delivers Thai cuisine through its 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.

In Other News:

Baristas "Munchie Magic" Revenues Reach Record Highs in August and 6 More Locations Open Furthering Expansion
Baristas "Thai Dah" Signs Superstar Front Montgomery as Spokesperson for the National Virtual Thai Restaurant

Baristas Revenues Surpass 2020 Sales on Amazon of White Coffee in Just 5 Months - On Track to More than Double as Amazon Continues Increased Inventory Allocation to Meet Demand
Baristas Munchie Magic Hits Record Sales Resulting from Surge in Hard Alcohol, Beer, and Wine Delivery Along with Ice Cream, Snacks, and Hot Foods to Customers Where Permitted Across the Country
Baristas Munchie Magic to Open Tenth State North Carolina, Delivering Ice Cream, Snacks, Hot Food, and Where Legal Beer, Wine, and Hard Alcohol to Customers in The United States From More Than 50 Locations

Contact:
Barry Henthorn
barry@baristas.tv

SOURCE: Baristas Coffee Company Inc.

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https://www.accesswire.com/670709/More-Record-Revenues-for-Baristas-Munchie-Magic-in-October-and-Thai-Dah-Opens-for-Business

FAQ

What were Baristas Coffee Company's revenues in October 2021?

Baristas Coffee Company's revenues in October 2021 more than tripled compared to October 2020.

How many new locations did Munchie Magic open in October 2021?

Munchie Magic opened 6 new locations in October 2021.

What products does Munchie Magic deliver?

Munchie Magic delivers Ben & Jerry's ice cream, snacks, beer, wine, and hard alcohol.

What is the significance of Thai Dah to Baristas Coffee Company?

Thai Dah contributes to Baristas Coffee Company's revenues as a new virtual restaurant offering Thai cuisine.

What technology partnership did Baristas Coffee Company expand?

Baristas expanded its technology licensing agreement with ReelTime Media to include Thai Dah.