Business
More Record Revenues For Baristas "Munchie Magic" in September as Expansion Continues, Opening 5 New Locations
More Record Revenues For Baristas "Munchie Magic" in September as Expansion Continues, Opening 5 New Locations.
About this update from Reeltime Rentals, Inc.
[{"type":"text","content":"SEATTLE, WA / ACCESSWIRE / October 7, 2021 / Baristas Coffee Company/Munchie Magic (OTC PINK:BCCI) announced that its revenues in September from its Munchie Magic restaurants delivering Ben & Jerry's ice cream, beer, wine, hard alcohol, and other snacks has reached an all-time high.September revenues surpassed the previous record set in August 2021 by more than 20% and more than tripled from the same period in 2020. Alcohol sales saw a sharp increase yet ice cream remains the No. 1 selling product.During the Month of September Munchie Magic opened 5 additional locations and expects to open more during October.Barry Henthorn, CEO, stated: "Alcohol sales increased dramatically in September and it is now the second highest revenue generating category, with ice cream still leading all categories. As Minibar Magic (our Alcohol focused version of Munchie Magic) goes online we expect that alcohol sales will continue to rise."Baristas recently expanded its technology/software license and development agreement with its primary technology and media partner ReelTime Media (OTC:RLTR) 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 its 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.tvwww.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 beginning on August 11th, 2021.ReelTime maintains all rights and derivative works for non-Munchie Magic, MiniBar Magic, and Thai Dah applications.The media buys, integration, technology development, IP, and other cutting edge marketing for the virtual restaurants are made possible and are being created via digi...