Business
ReelTime and VaporBrands Sign Product Development and Marketing Agreement Making ReelTime a Notable Shareholder
ReelTime and VaporBrands Sign Product Development and Marketing Agreement Making ReelTime a Notable Shareholder.
About this update from Reeltime Rentals, Inc.
[{"type":"text","content":"SEATTLE, WA / ACCESSWIRE / July 21, 2020 / ReelTime Media (OTC PINK:RLTR) www.reeltime.com and VaporBrands International, Inc. (OTC PINK:VAPR) www.vaporbrandsint.com have extended and expanded their existing exclusive marketing Partnership Agreement (Agreement) and Letter of Agency (LOA).The Agreement previously provided that ReelTime provides the development of marketing and branding, production of commercials, advertisement copy, and placements of all media as the Agency of Record. In addition, the new Agreement that was signed on June 17, 2020, expands ReelTime's role in research and development of its new initial products as well as additional products over the length of the Agreement. ReelTime will also develop VaporBrands' web presence, E-commerce solutions, packaging, fulfillment, shipping, and other general business matters.In exchange, ReelTime will receive commissions on products sold, a standard 15% agency placement fee on media placed, and 20,000,000 restricted shares of VaporBrands' common stock.The Agreement is part of VaporBrands' commitment to its healthy initiatives and business direction that VaporBrands has moved into. The first product stemming from VaporBrands' new healthy initiative will be announced and available shortly and will focus on health-conscious goods that promote wellness and a positive lifestyle.Eleanor Hodge, VaporBrands' CEO stated: "VaporBrands has weathered the storm, so to speak, and has been able to take advantage of recent downtime in order to further solidify the position and integrity of VaporBrands and our products. We are very much looking forward to sharing the development that we, as a team, have been doing to enhance our products and the lifestyles of our customers with products that promote a healthy lifestyle. VaporBrands is ready to leverage our past and recent successes to create and implement our new initiatives."Barry Henthorn, ReelTime Media's CEO stated: "We have been working with VaporBrands for some time as they have been implementing their new direction away from Vape products into healthier delivery methodologies for their high-quality products. I commend their commitment to providing only positive products despite the demand in the vape industry. They put products that they are proud of over profits they felt came from possib...