Business
ReelTime Revenues Increase From Technology License with Rapidly Expanding Virtual Restaurant Munchie Magic
ReelTime Revenues Increase From Technology License with Rapidly Expanding Virtual Restaurant Munchie Magic.
About this update from Baristas Coffee Company Inc.
[{"type":"text","content":"SEATTLE, WA / ACCESSWIRE / October 7, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR) announced that its revenues from its technology license with Munchie Magic has increased as the virtual restaurant continues to expand.Barry Henthorn - CEO stated, "The growth of virtual restaurants such as Baristas Munchie Magic does not show any signs of slowing down. ReelTime continues to refine its virtual restaurant technology allowing it to accommodate additional concepts and broader analytics."ReelTime recently expanded its technology/software license and development agreement with virtual restaurant pioneer Baristas (OTC:BCCI) beyond Munchie Magic/MiniBar Magic to feature Thai - Dah, a virtual restaurant platform for Thai restaurants. The licensing agreement allows Thai Dah to have rights to utilize the global perpetual technology license and methodologies developed by ReelTime that allow the virtual restaurants to integrate with partners, onboarding, marketing, and administrative functions.Baristas "Munchie Magic" has opened more than 50 locations in the past twelve months in 10 states delivering Ben & Jerry's ice cream, snacks, beer, wine, hard alcohol, and hot foods to customers via delivery partners DoorDash, GrubHub, and Uber Eats. www.baristas.tv www.munchiemagic.com .In exchange for the global perpetual exclusive license from ReelTime for the Munchie Magic/MiniBar Magic, and Thai Dah concepts and derivative Virtual Restaurants, ReelTime receives a per transaction license fee of $.35 in perpetuity in conjunction with the terms of the agreement.ReelTime maintains all rights and derivative works for non-Munchie Magic, MiniBar Magic, and Thai Dah applications.In other News:NCAA Division 1 Football Added to ReelTime Media Sports Network Providing Placement Coverage in Televised Games and at All Stadiums During GamesReelTime Media ads NFL to its Sports Network Providing Placement Coverage in Every NFL Game and at All NFL Stadiums During GamesReelTime TV Now Live on Android TV to 80 Million Monthly Active Devices Exceeding 200 Million Potential Viewers on ReelTime TV NetworkReelTime's CEO Pledges Personal Shares and Vows to Reduce Potential Dilution by More than 50% in Debt Reduction Plan Leading to UplistLoudMouth News to Join ReelTime TVs Fall Lineup Expanding Beyond Radio While Broadening its Subjects to Ove...