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ReelTime’s Dilution Reduced by 20 Million Arising From Negotiated Settlement in Their Favor

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SEATTLE, WA, May perhaps 26, 2021 (Globe NEWSWIRE) — via NewMediaWire — ReelTime VR/ReelTime Media (OTC: RLTR) has lessened the prospective dilution by 20 million shares as a consequence of a thriving negotiated settlement with 1 of its strongest supporters. 

The agreement entered into on July 15th, 2018 delivered for 25 million shares to be issued in excess of 5 decades has been renegotiated to deliver a total of 5 million shares. This minimizes the earlier obligated dilution by 20 million shares. The shares have been acquired but not issued as of 5-26-2021 and will be mirrored in the Companies upcoming filings. 

The negotiated settlement coincides with ReelTime’s personal debt restructuring initiative to considerably cut down the opportunity dilution and debt as it carries on to prepare to up record to the NASDAQ Funds Marketplaces. 

Barry Henthorn, CEO, commented, “We are exceptionally pleased to have been effective in reaching an arrangement that lessens the likely dilution by 20 million shares. We are in the approach of achieving other extra arrangements with several our traders to additional decrease the prospective dilution and to lessen the debts on the company’s publications. As I have said earlier, personally, as a single of the greatest holders or regulate persons of the financial debt I totally guidance this initiative and entirely hope it to improve shareholder price in both the short and long expression.”

Other current information:

ReelTime Acquires 100{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} of LoudMouth Media from CBMJ – Growing Scope and Distribution

ReelTime Tv set Channels Including 40 million Apple Tv set End users to Likely Achieve Above 140 Million Month-to-month Active Consumers

ReelTime Television Channels Introducing 50 Million Amazon Fire Television set Users to Roku’s 51.2 Million Every month Lively Users, Exceeding Cable, Satellite Possible Get to Put together

ReelTime to Start Roku Channel ReelTime Television to 51.2 Million Month-to-month Active Consumers, Increasing Material Distribution and Promotion Revenues Employing Technological innovation

ReelTime has formally submitted an software as a Seasoned Corporation Trying to get to Transfer Fairness and/or Credit card debt Securities from One more U.S. Exchange to be stated on the NASDAQ Money Market Exchange. The application has been logged in the NASDAQ Listing Center, all relevant expenses have been paid, and a listing analyst has been assigned to ReelTime to support during the procedure. In addition, the ask for for a new symbol (NASDAQ: RT) to be reserved for ReelTime to trade beneath when the Company has achieved all quantitative and qualitative standards, which includes sure company governance requirements, has been permitted. ReelTime will continue to post further facts and documentation as it is required centered on reviews from its assigned Listing Analyst and others at NASDAQ who will be assisting ReelTime, assuring that they fulfill all the demanded skills for NASDAQ Capital Markets securities in Rule 4300 and or any other applicable regulatory demands. ReelTime will also require to adhere to the corporate governance standards set by NASDAQ. In addition, ReelTime ought to comply with NASDAQ’s specifications relating to audit committees, the director nomination approach, the compensation of officers, board composition, government classes, quorum, and code of carry out, among the some others.

ReelTime will continue to trade on the OTC Markets less than the image (OTC: RLTR) during the approach and up till the transfer to the NASDAQ Capital Sector becomes effective, at which time the ticker image will become (NASDAQ: RT).

The NASDAQ Capital Sector gives corporations the essential funds in get to develop their organization. The NASDAQ Funds Sector also delivers a listing venue that claims to accommodate the diverse levels of corporate life of the companies. All firms that are outlined on NASDAQ Funds Sector have to have to satisfy all the expected qualifications for NASDAQ securities in Rule 4300. The providers also will need to adhere to the company governance standards set by NASDAQ.

ReelTime has engaged Pinnacle Accountancy Group of Utah (“Pinnacle” a dba of the PCAOB-registered audit agency Heaton & Enterprise, PLLC) to conduct an impartial audit of the Company’s economical statements. The audit will be carried out in accordance to the suggestions set forth by the NASDAQ Listing Necessities and the Public Corporation Accounting Oversight Board auditing benchmarks. Pinnacle is one particular of the top firms in and all through the United States and overseas. Its companions and staff have furnished audit solutions for SEC registrants considering the fact that 2001 and are very knowledgeable dealing with the elaborate auditing and accounting issues experiencing public corporations.

ReelTime Media attained a engineering/software program license and improvement agreement with Baristas (OTC: BCCI) “Munchie Magic.” The licensing arrangement secures Munchie Magic world-wide perpetual, unique access to use the know-how and methodologies created by ReelTime that let the virtual dining establishments to combine with its companions, onboarding, marketing, and administrative capabilities for use with the Munchie Magic Virtual Restaurant or other advantage store shipping and delivery concepts. The settlement also lets for Munchie Magic to establish in live performance with ReelTime or independently derivatives and/or stand-alone methodologies. In trade for the international perpetual, unique license from ReelTime for the Munchie Magic notion and comfort retail outlet derivative Digital Dining places, ReelTime will receive a for each transaction license rate of $.35 in perpetuity in conjunction with the phrases of the settlement beginning on Jan. 1st, 2021. Baristas “Munchie Magic” has opened much more than 50 spots in the earlier 9 months providing Ben & Jerry’s ice product, snacks, and hot meals to prospects through delivery partners DoorDash, GrubHub, and Uber Eats.  www.munchiemagic.com in WA Point out and has now expanded into Oregon, California, Illinois, and Arizona as very well.

ReelTime VR (OTC PINK: RLTR) confirmed that the patent application selection 15/654,613, titled Simultaneous Spherical Panorama Image and Video Capturing Method, has officially been issued as U.S. Patent Amount 10,761,303 September 1, 2020. The expression of the patent is 20 years and 247 days from the earliest filing day of the patent software, calculated to be March 23, 2038. Though the unique engineering permits any mobile cellphone or other camera to instantaneously capture 360 X 360 Digital Truth Online video or photographs with out any have to have for stitching, the patent gives safety from infringement from any capturing of a plurality of visuals using at minimum a single mirror. This spans a vast variety of industries and makes use of.

About NASDAQ Capital Marketplaces: Nasdaq is a global engineering business serving the funds marketplaces and other industries. Its varied presenting of information, analytics, program, and services enables shoppers to enhance and execute their enterprise eyesight with assurance. A varied selection of around 4,000 businesses pick to che
cklist on Nasdaq’s U.S., Nordic and Baltic exchanges, symbolizing industries these kinds of as retail, wellbeing care, finance, and technological innovation. In the U.S., Nasdaq is the listing location of option for several of the world’s most interesting firms. The Nasdaq Inventory Industry has three unique tiers: The Nasdaq World Pick Market®, The Nasdaq Global Market®, and The Nasdaq Cash Market®. Candidates need to fulfill particular money, liquidity, and corporate governance necessities to be authorised 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 mostly in Seattle, WA (OTCPK: RLTR). ReelTime Media presents conclude-to-stop output capabilities and lower price media getting that is redefining how organizations are evaluating and paying for their Television set, radio, print, and other new media. ReelTime is also is in the company of developing, manufacturing and distributing Virtual Fact Information and technologies. We have an stop to finish generation, editing, and distribution capabilities for inside and exterior initiatives. ReelTime Presently generates a few ongoing sequence for the Samsung Equipment VR platform and distributes them around various VR shipping and delivery portals, which include Equipment VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and others. ReelTime Media also publishes the guide “It Was Always Me! Edward Edwards, the Most Prolific Serial Killer of All Time,” which has been the issue of a address tale on People Magazine, Rolling Stone, In Contact, and a 6-element collection on Paramount community, www.itwasalwaysme.com.

Get hold of:

Barry [email protected]

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Source: ReelTime Rentals, Inc.

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