More Record Revenues For Baristas "Munchie Magic" in September as Expansion Continues, Opening 5 New Locations

Rhea-AI Summary

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.

Positive

• September revenues increased by over 20% compared to August 2021.
• Revenues more than tripled from September 2020.
• Alcohol sales have dramatically increased, becoming the second-highest revenue source.
• Opened 5 new Munchie Magic locations in September, continuing expansion.

Negative

• None.

SEATTLE, WA / ACCESSWIRE / October 7, 2021 / Baristas Coffee Company/Munchie Magic (OTC PINK:BCCI) announced that its revenues in September from its Munchie Magic restaurants delivering Ben & Jerry's ice cream, beer, wine, hard alcohol, and other snacks has reached an all-time high.

September revenues surpassed the previous record set in August 2021 by more than 20% and more than tripled from the same period in 2020. Alcohol sales saw a sharp increase yet ice cream remains the No. 1 selling product.

During the Month of September Munchie Magic opened 5 additional locations and expects to open more during October.

Barry Henthorn, CEO, stated: "Alcohol sales increased dramatically in September and it is now the second highest revenue generating category, with ice cream still leading all categories. As Minibar Magic (our Alcohol focused version of Munchie Magic) goes online we expect that alcohol sales will continue to rise."

Baristas recently expanded its technology/software license and development agreement with its primary technology and media partner ReelTime Media (OTC: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.tvwww.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: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 (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 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 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/Munchie Magic

View source version on accesswire.com:
https://www.accesswire.com/667184/More-Record-Revenues-For-Baristas-Munchie-Magic-in-September-as-Expansion-Continues-Opening-5-New-Locations

FAQ

What are the revenue figures for Baristas Coffee Company in September 2021?

Baristas Coffee Company reported record revenues in September 2021, surpassing August 2021 by over 20% and more than tripling compared to the same month in 2020.

What products contributed to the revenue increase for Baristas Coffee Company?

In September 2021, ice cream remained the top-selling product, while alcohol sales saw a significant rise, becoming the second-highest revenue-generating category.

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

Munchie Magic opened 5 new locations in September 2021.

What expansion plans does Baristas Coffee Company have for Munchie Magic?

Baristas Coffee Company plans to continue expansion by opening more Munchie Magic locations in October 2021.

What is the significance of the partnership between Baristas Coffee Company and ReelTime Media?

Baristas Coffee Company expanded its technology agreement with ReelTime Media to include new virtual restaurant platforms, enhancing operational capabilities.