ReelTime Rentals, Inc. operates as ReelTime Media and ReelTime VR, with company updates centered on multimedia production, virtual reality content services, and its proprietary Reel Intelligence platform. News releases describe RI as a multi-modal artificial intelligence system used for video, image, audio, music, voice, research, code generation, automation, and 2D-to-3D model output for 3D printing.
Recurring developments also include the company’s distributed, chip-agnostic AI architecture, federal-opportunity registration, and balance-sheet actions tied to debt reduction, noteholder agreements, potential dilution, share-count stability, and capital-structure management.
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.
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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.
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.
ReelTime VR/ReelTime Media (OTC PK:RLTR) announced significant advancements in advertising capabilities within NCAA Division 1 games. The company now provides ad placements on televised matches and can deliver targeted advertisements to attendees at stadiums on game days using their new Hyper-Local targeting technology. This innovation was successfully tested at recent Seahawks games and is expected to enhance advertising reach. CEO Barry Henthorn emphasized the potential for engaging college football's loyal fanbase through diverse media platforms.
ReelTime VR/ReelTime Media (OTC PINK:RLTR) announced significant ad placement coverage for NCAA Division 1 football games, leveraging its ReelTime Hyper-Local targeting capabilities. This enables targeted advertising to fans in stadiums and through televised broadcasts, expanding its reach in college football, a lucrative market. The company successfully tested these capabilities in recent NFL games. Additionally, ReelTime Media is reducing potential shareholder dilution by over 50% and increasing its advertising network through new agreements and platform expansions, including a Roku channel.