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ReelTime Rentals, Inc. (RLTR) is a publicly-traded company based in Seattle, WA, known for its subsidiary ReelTime Media/ReelTime VR. The company offers end-to-end production capabilities, discount media purchasing, and virtual reality content development. Recent financials show a significant increase in net income and a decrease in operating expenses. CEO Barry Henthorn highlights the commitment to increasing shareholder value through debt reduction, revenue growth, and business expansion.
ReelTime VR/ReelTime Media (OTCPK: RLTR) has secured advertising placement during every NFL game, enabling coverage for Sunday Primetime, Monday Night Football, and Thursday Night Football. The company has introduced its Hyper-Local targeting capabilities, successfully tested at recent Seahawks games, allowing ads to reach attendees at NFL stadiums on game days. The ReelTime Sports Network offers extensive advertising options at competitive rates for advertisers. Additionally, ReelTime TV has launched on Android TV, reaching a massive audience of over 200 million potential viewers.
ReelTime VR/ReelTime Media (OTC PINK:RLTR) has announced comprehensive ad placement coverage for every NFL game, including options for traditional TV, radio, and digital targeting. Their new Hyper-Local targeting capabilities enable advertisements to be delivered to attendees at NFL stadiums on game days, tested successfully during recent Seahawks games. CEO Barry Henthorn highlighted the opportunity for advertisers with smaller budgets to access the NFL audience. In related news, the company is launching a Roku Channel, pledging to reduce potential dilution by more than 50%, and expanding content distribution to reach over 200 million potential viewers.
ReelTime VR (OTC PK: RLTR) has announced that its ReelTime TV is now available on Android TV, which boasts over 80 million monthly active devices. This addition is significant for expanding ReelTime's distribution network, as Android TV is a leading platform in the connected TV market. The announcement highlights the potential for advertisers to engage with a growing cable-cutting audience through its ad-supported network. The company also emphasizes enhanced financial disclosures aimed at meeting high standards of the OTC Markets.
ReelTime VR/ReelTime Media (OTC PK: RLTR) announced that ReelTime TV is now accessible on Android TV, which has over 80 million monthly active devices. This launch aims to enhance its distribution network and reach the growing number of cable-cutters. The service also includes exclusive programming and additional content. The company is committed to improving financial disclosures and is looking to uplift its market standing. With the growth of Android TV projected to exceed 99 million devices globally by late 2022, the move could significantly expand ReelTime's audience and advertising potential.
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.
ReelTime Media (OTC PINK:RLTR) has signed a Letter of Intent (LOI) with Bungalo Records Inc. and AMJ GLOBAL ENTERTAINMENT to create immersive VR experiences that promote events, artists, and products. This collaboration aims to leverage ReelTime's VR technology and production capabilities alongside Bungalo's extensive artist access. CEO Barry Henthorn emphasized the partnership's potential to enhance monetization, while Bungalo's President Paul Ring highlighted its significance in shaping industry trends. The partnership may open various project opportunities, strengthening both companies' positions in the entertainment market.
Reeltime Media (OTC PINK: RLTR) has signed a Letter of Intent with Bungalo Records and AMJ Global Entertainment to collaborate on creating immersive VR experiences that promote events, artists, and products. This partnership aims to leverage Reeltime's VR technology along with Bungalo's extensive artist access and AMJ's distribution capabilities. CEO Barry Henthorn highlighted the potential for enhancing monetization, while Bungalo's President Paul Ring emphasized the significance of setting industry trends through this collaboration.
ReelTime Media (OTC PINK:RLTR) is restructuring its convertible notes to minimize shareholder dilution by over 1.5 billion shares. CEO Barry Henthorn has agreed to modify the conversion terms, which involve paying off some notes and renegotiating others. These changes aim to improve the company's financial health and support its transition to a senior exchange like NASDAQ. The modifications will enforce strict conversion guidelines, ensuring that no holder exceeds 4.99% ownership during the reporting process. This initiative is intended to enhance shareholder value and clean up the balance sheet.
Reeltime Media (OTC PINK: RLTR) announced plans to significantly reduce share dilution from convertible notes. CEO Barry Henthorn will modify all personally controlled notes to higher conversion rates, potentially lessening dilution by over 1.5 billion shares. As the company complies with stringent reporting standards, the debt reduction initiative aims to clean up the share structure, facilitating a move to the NASDAQ. The restructuring has majority support from note holders, with commitments to pay off remaining debts and establish stricter conversion guidelines.
Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting a YTD revenue of $1,743,253 for the first half of 2021, a 707% rise from $246,507 in the same period last year. Q2 revenue also showed a robust growth, tripling to $427,509 compared to $124,347 in Q2 2020, marking a 343% increase. This surge is attributed to the easing of hospitality and travel restrictions, leading to a resurgence in advertising spending. The company expects continued growth as these trends persist.
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