Business
ReelTime’s Gross Revenues From its Discount Ad Brokers top $360,000 in February Continuing to Increase As COVID-19 Restrictions Ease Opening Travel and Hospitality
ReelTime’s Gross Revenues From its Discount Ad Brokers top $360,000 in February Continuing to Increase As COVID-19 Restrictions Ease Opening Travel and Hospitality.
About this update from Reeltime Rentals, Inc.
[{"type":"text","content":"SEATTLE, WA / ACCESSWIRRE / March 9, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR) ReelTimes 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 DABs 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 leisure 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 ReelTimes 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 certain corporate governance requirements, has been approved.ReelTime will continue to ...