ReelTime's Q2 Revenues More Than Triple Over Same Period in 2020 While YTD Revenues Increase Over 7X
Seattle, WA - (NewMediaWire) - August 24, 2021 - Reeltime Media (OTC PINK:RLTR) reported that its YTD revenues have increased over 7X for the six month period ending June 30, 2021 compared to the six month period ending June 30, 2020. Additionally, revenues more than tripled in Q2 for the three months ending June 30, 2021 compared to the same period in 2020.
· YTD Fiscal 2021 Revenue of $1,743,253 vs. $246,507 for YTD Fiscal 2020 – an increase of 707%
· Q2 Fiscal 2021 Revenue of $427,509 vs. $124,347 for Q2 Fiscal 2020 – an increase of 343%
The increase in sales resulted primarily from a lifting of restrictions on hospitality and travel, which has caused advertisers to return. In addition, revenues from ReelTime’s technology licensing agreement with Barista’s Munchie Magic continue to increase.
Barry Henthorn stated: “We are very pleased that our revenues are increasing faster than we had anticipated. As travel and other hospitality restrictions ease further, we expect the increase in spending from our media clients to continue. Based on recent developments this certainly appears to be the case.”
All recently filed financials incorporate an enhanced level of disclosure that is intended to meet the criteria of the highest levels of the OTC Markets and beyond.
In other News:
ReelTime to Launch Roku Channel ReelTime TV to 51.2 Million Monthly Active Users, Expanding Content Distribution and Advertising Revenues Using Technology
ReelTime Media reached a technology/software license and development agreement with Baristas (OTC:BCCI) 'Munchie Magic.' The licensing agreement secures Munchie Magic global perpetual, exclusive access to use the technology and methodologies developed by ReelTime that allow the virtual restaurants to integrate with its partners, onboarding, marketing, and administrative functions for use with the Munchie Magic Virtual Restaurant or other convenience store delivery concepts.
About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com is a publicly-traded company based in Seattle, WA (OTCPK:RLTR). ReelTime Media provides end-to-end production capabilities and discount media purchasing that is redefining how companies are evaluating and purchasing their TV, radio, print, and other new media. ReelTime is also is in the business of developing, producing and distributing Virtual Reality Content and technologies. We have an end to end production, editing, and distribution capabilities for internal and external projects. ReelTime Currently produces three ongoing series for the Samsung Gear VR platform and distributes them over numerous VR delivery portals, including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and others. ReelTime Media also publishes the book 'It Was Always Me! Edward Edwards, the Most Prolific Serial Killer of All Time,' which has been the subject of a cover story on People Magazine, Rolling Stone, In Touch, and a six-part series on Paramount network, www.itwasalwaysme.com.