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, 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 has appointed international supermodel and actress Front Montgomery as the spokesperson for its virtual Thai restaurant, Thai Dah. Montgomery, a recognized figure in the Thai-American community, aims to leverage her experience and connections to boost the restaurant's growth. Thai Dah focuses on delivering popular Thai dishes through delivery partners while employing a unique integrated tablet system for restaurant partners. The company has also expanded its technology agreement with ReelTime Media to enhance operational capabilities.
ReelTime Media has signed a global perpetual license agreement with Baristas for the 'Thai Dah' concept, enabling exclusive use of ReelTime's technology for virtual restaurants. Starting August 11, 2021, ReelTime will earn $0.35 per transaction indefinitely. Baristas has successfully launched over 50 'Munchie Magic' locations, leveraging delivery services like DoorDash. ReelTime is also advancing towards a NASDAQ listing, having met all necessary criteria and securing a new ticker symbol, NASDAQ:RT. The partnership is expected to bolster growth for both companies.
Baristas Coffee Company has announced the launch of a new virtual restaurant named Thai Dah, specializing in Thai cuisine. This initiative will utilize existing restaurant partners to deliver popular Thai dishes through platforms like Uber Eats and Grubhub. The company expanded its technology agreement with ReelTime Media, enabling Thai Dah to leverage advanced technology for operational efficiency. With a robust market of over 5,000 Thai restaurants in the U.S. generating $6 billion annually, Baristas aims for significant growth in the virtual dining sector.
ReelTime VR (OTC PINK:RLTR) announced that the USPTO has notified the company that its continuation patent application for the Simultaneous Spherical Panorama Image and Video Capturing System (U.S. Patent Number 10,761,303) is ready for examination. This continuation patent aims to broaden the scope of existing claims and strengthen enforceability against infringements. CEO Barry Henthorn emphasized the importance of this step for protecting their technology, stating it supports their licensing and enforcement rights. The parent patent extends until March 23, 2038.
Reeltime Rentals (OTC:RLTR) has been upgraded to the PINK 'Current Information' segment by OTC Markets, the highest rating in the PINK tier, ensuring compliance with the new SEC Rule 15c2-11, effective September 28, 2021. This designation signifies Reeltime's commitment to transparency and enhanced disclosure, meeting the requirements for financial reporting and attorney verification. The company's advancement positions it favorably as it seeks to transition to the NASDAQ Capital Market, with an application logged for the ticker symbol RT. This upgrade reflects the company's growth and commitment to investor relations.
Baristas Coffee Company (OTC PINK:BCCI) has been upgraded to 'Current Information' status by OTC Markets, enhancing its compliance with the amended SEC Rule 15c2-11 effective September 28, 2021. This upgrade ensures continuous disclosure of information, which is crucial for investor transparency. The company's sales of White Coffee single-serve pods have surpassed 2020 sales on Amazon, while its Munchie Magic virtual restaurant has reported record sales following the introduction of alcohol delivery. Investors are advised to conduct thorough research before investing.
ReelTime VR/ReelTime Media (OTC PINK:RLTR) has been upgraded to a Limited Information status by OTC Markets, a step below the highest designation of Current Information. This upgrade follows the completion and filing of its Q1 2021 Quarterly Report, marking a significant move in transparency. The company anticipates further upgrades and awaits review for an Attorney Letter that could elevate it to Current Information.
Additionally, ReelTime has successfully negotiated a 20 million share reduction in potential dilution and is poised for a NASDAQ listing as RTC.
ReelTime VR (OTC:RLTR) has filed its 2020 Annual Report and Q1 2021 Quarterly Report with OTC Markets, completing the financial documentation necessary for upgrading its OTC designation. This filing includes consolidated financials post the 'DAB' acquisition. The company aims to achieve 'Current Information' status, the highest on the OTC Markets, to facilitate an uplisting to NASDAQ. Recent developments include a reduction of share dilution by 20 million through a negotiated settlement and the acquisition of LoudMouth Media. ReelTime has also engaged an audit firm for compliance with NASDAQ listing requirements.
ReelTime VR (OTC PINK:RLTR) has filed its 2020 Annual Report and Q1 2021 Quarterly Report with OTC Markets. This milestone is critical for upgrading its designation to 'Current Information' on OTC Markets, which requires comprehensive financial disclosures. The company has also achieved a significant revenue increase, reporting Q1 revenues at over $13 million, ten times higher than Q1 2020. Additionally, ReelTime plans to uplist to NASDAQ, with a new ticker (NASDAQ:RT) reserved. The company has engaged Pinnacle Accountancy Group for an independent audit per NASDAQ requirements and has reduced potential share dilution by 20 million shares.
Baristas Coffee Company (OTC PINK:BCCI) has been upgraded to "Limited Information" by OTC Markets, one step below the highest designation of "Current Information." This upgrade follows the completion and filing of its Q1 2021 Quarterly Report, fulfilling OTC Markets' basic disclosure guidelines. Baristas has reported exceeding 2020 sales records for its White Coffee pods on Amazon and back-to-back record sales weeks for its Munchie Magic virtual restaurant, which now offers alcohol deliveries. An attorney letter is expected to further upgrade BCCI’s market status.