Business
ReelTime’s February Gross Revenues top $360,000 From Its Discount Ad Brokers - Increasing as COVID-19 Travel and Hospitality Restrictions Lighten
ReelTime’s February Gross Revenues top $360,000 From Its Discount Ad Brokers - Increasing as COVID-19 Travel and Hospitality Restrictions Lighten.
About this update from Baristas Coffee Company Inc.
[{"type":"text","content":"\n SEATTLE, WA, March 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ReelTime VR/ReelTime Media (OTC:RLTR): ReelTime’s Discount Ad Brokers (DAB), a 15 year old discount media company that ReelTime acquired effective 1-1-2021, booked approximately $364,702.17 of revenue in February from media placements on TV, Radio, and other media led by clients in the travel and hospitality business.  Discount Ad Brokers focuses on providing clients top tier placements at pricing levels at or below remnant inventory rate structures through a unique inventory acquisition model utilizing a combination of contracted capacity buys, alternate currencies, barter, and aggressive bulk inventory-based contracts with major US media properties. ReelTime also announces that DAB’s final January 2021 revenue numbers previously reported as $249,873 from media placements specific to the travel industry, were $314,741.71 in total revenues from all sources. These do not include any revenues from the parent Company ReelTime Rentals, Inc., whose financials are available at www.otcmarkets.com and will be consolidated in future reports.  Barry Henthorn, CEO, stated: “The increase in business is not surprising as there is clearly a pent-up demand for travel for both business and travel purposes that is beginning to be able to be serviced by the industry. DAB has a long history of providing access to top-notch media to its Marquis clients in the travel and hospitality sector. The revenues generated and asset bases acquired from this recent acquisition, and others in the works, combined with ReelTime’s core business are expected to exceed some of the NASDAQ Capital Markets minimum listing requirements and provide a solid foundation for other developments.”  ReelTime has formally submitted an application as a Seasoned Company Seeking to Transfer Equity and/or Debt Securities from Another U.S. Exchange to be listed on the NASDAQ Capital Market Exchange. The application has been logged in the NASDAQ Listing Center, all applicable fees have been paid, and a listing analyst has been assigned to ReelTime to assist throughout the process. In addition, the request for a new symbol (NASDAQ:RT) to be reserved for ReelTime to trade under once the Company has met all quantitative and qualitative criteria, including cer...