Welcome to our dedicated page for Reeltime Rentals news (Ticker: RLTR), a resource for investors and traders seeking the latest updates and insights on Reeltime Rentals stock.
ReelTime Rentals (RLTR) delivers integrated media production solutions and cutting-edge Virtual Reality content creation. This news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and operational milestones.
Access official press releases detailing earnings reports, media purchasing innovations, and VR project launches. Track the company's progress in merging traditional advertising services with emerging technologies through verified announcements and financial disclosures.
Key updates include production capacity expansions, partnership agreements, and technological advancements in content distribution. The curated news collection enables stakeholders to monitor cost management achievements and market positioning strategies in the competitive media technology sector.
Bookmark this page for real-time updates on RLTR's dual focus areas: optimizing discount media purchasing frameworks and pioneering immersive VR experiences. Regular updates ensure informed analysis of the company's financial discipline and creative service offerings.
ReelTime VR (OTC PINK:RLTR) reported approximately $364,702.17 in revenue for February 2021, up from about $249,873 previously reported for January. The company, which focuses on media placements, revealed the increase was driven by a resurgence in travel and hospitality demand. ReelTime has applied to transfer to the NASDAQ Capital Market and will continue trading on OTC Markets until the transition. They are also engaging Pinnacle Accountancy Group for an independent audit and have secured a technology license agreement with Baristas (OTC:BCCI).
Baristas Coffee Company/Munchie Magic (BCCI) has reported record sales following the launch of their alcohol delivery service, which now includes hard alcohol, beer, and wine. This initiative began in states allowing such deliveries and has expanded to all permitted areas. CEO Barry Henthorn noted this trend is expected to drive steady revenue growth. With the U.S. alcohol retail market exceeding $240 billion annually, capturing even 1% would yield substantial revenue. Munchie Magic differentiates itself by offering a full menu, unlike competitors focused solely on alcohol delivery.
Baristas Coffee Company is expanding its Munchie Magic virtual restaurant services into Raleigh, North Carolina, enhancing its presence across the U.S. with over 50 locations. The Raleigh location will serve popular items from Ben & Jerry's, snacks, and beverages through delivery partners like DoorDash and GrubHub. CEO Barry Henthorn anticipates strong performance in this area, particularly due to its proximity to several universities. Additionally, ReelTime Media plays a crucial role in digital marketing and data integration for Munchie Magic.
ReelTime VR/ReelTime Media (OTC:RLTR) reported January revenue of $249,873 from its Discount Ad Brokers (DAB) segment, acquired on January 1, 2021. DAB has historically generated over $20 million in annual gross billings, with net revenues averaging $2.6 million. Despite a drop in 2020 to $1 million due to pandemic impacts, a rebound is anticipated as travel and dining restrictions ease. The company awaits NASDAQ Capital Market listing, having submitted its application and reserved the ticker symbol 'RT'. Additionally, ReelTime engaged Pinnacle for an independent audit and secured a licensing agreement with Baristas for its Munchie Magic concept.
ReelTime VR/ReelTime Media (OTC:RLTR) reported that its acquired subsidiary, Discount Ad Brokers (DAB), generated $249,873 in revenue for January 2021, primarily in the travel sector. DAB has averaged over $20 million in annual gross billings over the last three years, although revenues fell to just over $1 million in 2020 due to COVID-19's impact. The company anticipates recovery as travel restrictions ease. Additionally, ReelTime aims to transfer to the NASDAQ and has engaged Pinnacle Accountancy Group for an audit to meet listing requirements.
Baristas Coffee Company (BCCI) has initiated the delivery of hard alcohol, beer, and wine through its Munchie Magic service in states permitting such deliveries. Following successful trials in Washington, these beverages will now be standard offerings across all eligible states. The firm aims to capture a share of the over $240 billion U.S. alcohol market, projecting significant revenue potential. CEO Barry Henthorn emphasizes that alcohol delivery is crucial for expanding new locations. The partnership with ReelTime Media (RLTR) supports data integration for improved service efficiency.
Baristas Coffee Company (BCCI) announced its expansion into Little Rock, Arkansas, marking its entry into the ninth state. The company, which currently operates over 50 locations across several states, will deliver Ben & Jerry's ice cream, snacks, and hot foods via third-party partners like DoorDash, GrubHub, and Uber Eats. CEO Barry Henthorn highlighted successful partnerships enhancing menu offerings. Additionally, the company has an agreement with ReelTime Media (RLTR) for a transaction fee that supports marketing and technological developments, commencing January 1, 2021.
Baristas Coffee Company is expanding its Munchie Magic virtual restaurant brand to Youngstown, Ohio, marking its eighth state of operation. This addition enhances its presence across over fifty locations in various states, delivering Ben & Jerry's ice cream, snacks, and hot foods. CEO Barry Henthorn expressed enthusiasm for the strategic location and inquiries from potential partners. The partnership with ReelTime Media enables a seamless integration of service and technology, vital for optimizing delivery operations and marketing strategies.
ReelTime VR (OTCPK:RLTR) has been highlighted in Virtual Reality Insider as a key player in the AR/VR sector. The company's recent patent (No. 10,761,303), issued on September 1, 2020, focuses on technology for capturing 360° spherical images and videos. This innovation is poised to enhance consumer access to VR. The article notes that ReelTime is the sole American company among three featured, and it has shown gains over the past 90 days. CEO Barry Henthorn expresses pride in the company’s recognition within the VR space.
