Reeltime Rentals Stock Price, News & Analysis

ReelTime VR (OTC:RLTR) has reported a significant revenue increase, booking approximately $579,877 from media placements in March 2021, over 160% higher compared to February. First-quarter revenues total around $1.26 million, exceeding expectations by 60%. The surge is attributed to a rebound in the hospitality sector as travel restrictions ease. ReelTime has applied for NASDAQ Capital Market listing under the symbol RT. Additionally, it secured a technology licensing agreement with Baristas for its virtual restaurant concept, expected to enhance revenue streams further.

ReelTime VR (OTC: RLTR) recently reported significant revenue growth from its newly acquired subsidiary, Discount Ad Brokers (DAB). In March 2021, DAB generated approximately $579,877 in revenue, surpassing expectations by over 60%. This brings Q1 2021 revenues to approximately $1,259,321. DAB focuses on media placements for the hospitality sector, which has rebounded post-COVID-19. Additionally, ReelTime is moving to list on NASDAQ under the symbol RT and has engaged Pinnacle Accountancy Group for an independent audit in line with NASDAQ requirements.

ReelTime VR/ReelTime Media (OTC:RLTR) announced a debt restructuring initiative aimed at reducing potential share dilution from convertible notes. The plan could cut potential dilution from nearly 3 billion shares to under 100 million. Approval from the majority of note holders has been secured, and the restructuring is expected to be completed in two weeks. Additionally, the company is working towards NASDAQ Capital Markets listing, having submitted an application and received a new ticker symbol (NASDAQ:RT). The restructuring will likely enhance shareholder value and meet NASDAQ listing requirements.

ReelTime VR (OTC PINK:RLTR) announced a significant debt restructuring initiative aimed at reducing potential shareholder dilution from convertible notes. The plan could lower potential dilution from nearly 3 billion shares to under 100 million shares. Current notes restrict any holder from converting to exceed 4.99 percent ownership. The restructuring is set to be completed in two weeks, and ReelTime has received approval from the majority of debt holders. Additionally, the company is preparing for a NASDAQ Capital Market listing, having submitted necessary applications and received approval for a new ticker symbol (NASDAQ:RT).

ReelTime VR (OTC:RLTR) announces its acquisition of Discount Ad Brokers (DAB), which generated approximately $364,702 in revenue in February 2021. DAB focuses on efficient media placements, especially in the travel and hospitality sectors. The company also revised its January figures to $314,741.71. ReelTime has applied to transition from OTC to the NASDAQ Capital Market, with ticker symbol RT reserved for future trading. Furthermore, it has engaged Pinnacle Accountancy Group for an independent audit and secured a technology license agreement with Baristas for its Munchie Magic concept.

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.