Reeltime Rentals Stock Price, News & Analysis

ReelTime VR/ReelTime Media (OTC:RLTR) has confirmed its intention to transition to the NASDAQ Capital Market, having met all preliminary requirements. The company has secured the rare two-letter ticker symbol "RT", valid until March 11, 2022. Throughout this process, ReelTime will continue trading under its current OTC symbol. CEO Barry Henthorn emphasized ongoing commitment towards the listing process, stating that their previous silence should not be misinterpreted as a lack of progress. The NASDAQ Capital Market offers vital capital access for business growth.

Baristas Coffee Company (OTC PINK:BCCI) is set to open its third restaurant, Thai Dah, near Seattle-Tacoma International Airport in November. This new location aims to serve the growing demand along the I-5 corridor, capitalizing on nearby hotels and residential areas. Thai Dah delivers authentic Thai cuisine via platforms like Uber Eats and Grub Hub, leveraging a global technology licensing agreement with ReelTime Media (OTC PINK:RLTR) to enhance its operations. With over 50 locations opened in the last year, Baristas continues to expand its footprint in the virtual restaurant space.

Baristas Coffee Company announced the opening of its second Thai Dah location near Joint Base Lewis-McChord (JBLM) to serve Thai food to military personnel and local residents. This expansion follows a successful launch of their virtual restaurant model. CEO Barry Henthorn emphasized the significance of serving military families. The new Thai Dah location will utilize third-party delivery services like Uber Eats, Grub Hub, and Door Dash, leveraging technology and marketing assistance from their partner ReelTime Media, enhancing operational efficiency and customer access.

ReelTime VR/ReelTime Media (OTC PINK:RLTR) reported an increase in revenues from its technology license with Baristas (OTC PINK:BCCI) for its virtual restaurants, Munchie Magic and Thai Dah. CEO Barry Henthorn stated that Munchie Magic's growth continues effectively, while Thai Dah began generating revenue in October. Over 50 Munchie Magic locations have been established in 10 states, partnering with delivery services like DoorDash and GrubHub. ReelTime receives a transaction fee of $0.35 in perpetuity under the licensing agreement.

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.

ReelTime VR (OTC: RLTR) reported an increase in revenues from its technology license with Munchie Magic, reflecting the growing trend of virtual restaurants. The CEO highlighted the ongoing expansion of virtual restaurant concepts. Recently, the company expanded its licensing agreement to include Thai Dah, allowing it to utilize ReelTime's technology. Munchie Magic has opened over 50 locations across 10 states in the last year. ReelTime earns a per-transaction licensing fee of $0.35 from these agreements, maintaining rights to other non-Munchie concepts.

ReelTime VR/ReelTime Media (OTC PINK:RLTR) reported increased revenues from their technology license with Munchie Magic, a rapidly growing virtual restaurant. The recent expansion of their licensing agreement includes a new virtual restaurant platform, Thai Dah, adding to the success of Munchie Magic, which has opened over 50 locations across 10 states. ReelTime receives a perpetual transaction fee of $0.35 per order. The company continues to develop its technology for virtual restaurant integration, enhancing partnerships and administrative functions.