Seattle, WA - 
(NewMediaWire) - June 30, 2021 - ReelTime VR/ReelTime Media (OTC:RLTR)
has completed and filed to OTC Markets its 2020 Annual Report and its Q1 2021
Quarterly Report pursuant to basic disclosure guidelines. www.otcmarkets.com .
The latest
Quarterly filing is the final set of Financials and Disclosures (which
incorporate consolidated financials post the “DAB” acquisition) required in a
series of filings that the company has been posting as it prepares to upgrade
its designation on the OTC Markets and beyond.
OTC Markets
Group segments PINK companies based on the information they provide to
investors into Current, Limited or No Information. The PINK Market is for
professional and sophisticated investors with a high risk-tolerance for trading
companies with limited information available and limited regulatory oversight.
Investors are strongly advised to proceed with caution and thoroughly research
companies before making any investment decisions.
Barry
Henthorn – CEO stated: "This is a very important step in ReelTime’s ability
to upgrade its designation and to prepare for its uplisting. Now that we have
completed this milestone we can move forward with our audit and in meeting
other requirements needed to move to a senior exchange."
ReelTime
has now completed and filed to OTC Markets its Q1 2021 Quarterly Report
pursuant to basic disclosure guidelines. www.otcmarkets.com . The latest filing is the final
financial report required to upgrade its designation to “Current Information”
the highest of all designations on the OTC Markets “PINK” tier. To qualify for
Current Information, a non-reporting Pink company may subscribe to the OTC Disclosure & News Service and
publish current information pursuant to OTC Markets’ Pink Basic Disclosure Guidelines. All current
information is made publicly available on www.otcmarkets.com.
More information on each of these steps is available as noted below:
Companies
will be processed for “Current Information” once all required documentation has
been submitted:
·
Financial Statements: Two most recent Annual reports and any subsequent
Quarterly Report
·
Disclosure Statement: Most recent Annual and any subsequent Quarterly Reports
·
Attorney Letter covering all relevant information for non-audited companies
·
The Company Profile has been verified through OTCIQ
All filings
will now be reviewed by council and if accepted an “Attorney Letter with
Respect to Current Information” will be submitted which if accepted by OTC
Markets will likely allow ReelTime to be upgraded.
All
recently filed financials 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 its filings to allow it to be
upgraded within the next week or so.
Other
recent news:
ReelTime
has reduced the potential dilution by 20 million shares as a result of a
successful negotiated settlement with one of its strongest supporters.
ReelTime
Acquires 100% of LoudMouth Media from CBMJ – Expanding Scope and Distribution
ReelTime TV
Channels Adding 40 million Apple TV Users to Potentially Reach Over 140 Million
Monthly Active Users
ReelTime TV
Channels Adding 50 Million Amazon Fire TV Users to Roku’s 51.2 Million Monthly
Active Users, Exceeding Cable, Satellite Potential Reach Combined
ReelTime to
Launch Roku Channel ReelTime TV to 51.2 Million Monthly Active Users, Expanding
Content Distribution and Advertising Revenues Using Technology
ReelTime
has formally submitted an application as a Seasoned Company Seeking to Transfer
Equity and/or Debt Securities from Another U.S. Exchange to be listed on the
NASDAQ Capital Market Exchange. The application has been logged in the NASDAQ
Listing Center, all applicable fees have been paid, and a listing analyst has
been assigned to ReelTime to assist throughout the process. In addition, the
request for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade under
once the Company has met all quantitative and qualitative criteria, including
certain corporate governance requirements, has been approved. ReelTime will
continue to submit additional information and documentation as it is required
based on comments from its assigned Listing Analyst and others at NASDAQ who
will be assisting ReelTime, assuring that they satisfy all the required
qualifications for NASDAQ Capital Markets securities in Rule 4300 and or any
other applicable regulatory requirements. ReelTime will also need to adhere to
the corporate governance standards set by NASDAQ. In addition, ReelTime must
comply with NASDAQ's requirements relating to audit committees, the director
nomination process, the compensation of officers, board composition, executive
sessions, quorum, and code of conduct, among others.
ReelTime
will continue to trade on the OTC Markets under the symbol (OTC:RLTR)
throughout the process and up until the move to the NASDAQ Capital Market
becomes effective, at which time the ticker symbol will become (NASDAQ:RT).
The NASDAQ
Capital Market provides companies the required capital in order to grow their
business. The NASDAQ Capital Market also provides a listing venue that promises
to accommodate the different stages of corporate lives of the companies. All
companies that are listed on NASDAQ Capital Market need to satisfy all the
required qualifications for NASDAQ securities in Rule 4300. The companies also
need to adhere to the corporate governance standards set by NASDAQ.
ReelTime
has engaged Pinnacle Accountancy Group of Utah ("Pinnacle" a dba of
the PCAOB-registered audit firm Heaton & Company, PLLC) to perform an
independent audit of the Company's financial statements. The audit will be
performed according to the guidelines set forth by the NASDAQ Listing
Requirements and the Public Company Accounting Oversight Board auditing
standards. Pinnacle is one of the leading firms in and throughout the United
States and abroad. Its partners and staff have provided audit services for SEC
registrants since 2001 and are highly experienced dealing with the complex
auditing and accounting challenges facing public companies.
ReelTime
Media reached a technology/software license and development agreement with
Baristas (OTC:BCCI) "Munchie Magic." The licensing agreement secures
Munchie Magic global perpetual, exclusive access to use the technology and
methodologies developed by ReelTime that allow the virtual restaurants to
integrate with its partners, onboarding, marketing, and administrative
functions for use with the Munchie Magic Virtual Restaurant or other
convenience store delivery concepts. The agreement also allows for Munchie
Magic to develop in concert with ReelTime or independently derivatives and/or
stand-alone methodologies. In exchange for the global perpetual, exclusive
license from ReelTime for the Munchie Magic concept and convenience store
derivative Virtual Restaurants, ReelTime will receive a per transaction license
fee of $.35 in perpetuity in conjunction with the terms of the agreement
beginning on Jan. 1st, 2021. Baristas "Munchie Magic" has opened more
than 50 locations in the past nine months delivering Ben & Jerry's ice cream,
snacks, and hot foods to customers via delivery partners DoorDash, GrubHub, and
Uber Eats. www.munchiemagic.com in
WA State and has now expanded into Oregon, California, Illinois, and Arizona as
well.
ReelTime VR
(OTC PINK:RLTR) confirmed that the patent application number 15/654,613, titled
Simultaneous Spherical Panorama Image and Video Capturing System, has
officially been issued as U.S. Patent Number 10,761,303 September 1, 2020. The
term of the patent is 20 years and 247 days from the earliest filing date of
the patent application, calculated to be March 23, 2038. Although the original
technology allows any cell phone or other camera to instantaneously capture 360
X 360 Virtual Reality Video or pictures without any need for stitching, the
patent provides protection from infringement from any capturing of a plurality
of images utilizing at least one mirror. This spans a wide range of industries
and uses.
About
NASDAQ Capital Markets: Nasdaq is a global technology
company serving the capital markets and other industries. Its diverse offering
of data, analytics, software, and services enables clients to optimize and
execute their business vision with confidence. A diverse selection of over
4,000 companies choose to list on Nasdaq's U.S., Nordic and Baltic exchanges,
representing industries such as retail, health care, finance, and technology.
In the U.S., Nasdaq is the listing venue of choice for many of the world's most
exciting companies. The Nasdaq Stock Market has three distinctive tiers: The
Nasdaq Global Select Market®, The Nasdaq Global Market®, and The Nasdaq Capital
Market®. Applicants must satisfy certain financial, liquidity, and corporate
governance requirements to be approved for listing on any of these market
tiers.
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 .
CONTACT:
Barry
Henthorn
ceo@reeltime.com
