SEATTLE, WA / ACCESSWIRE / October 7, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR) announced that its revenues from its technology license with Munchie Magic has increased as the virtual restaurant continues to expand.

Barry Henthorn - CEO stated, "The growth of virtual restaurants such as Baristas Munchie Magic does not show any signs of slowing down. ReelTime continues to refine its virtual restaurant technology allowing it to accommodate additional concepts and broader analytics."

ReelTime recently expanded its technology/software license and development agreement with virtual restaurant pioneer Baristas (OTC:BCCI) 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 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.tv www.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.

ReelTime maintains all rights and derivative works for non-Munchie Magic, MiniBar Magic, and Thai Dah applications.

In other News:

NCAA Division 1 Football Added to ReelTime Media Sports Network Providing Placement Coverage in Televised Games and at All Stadiums During Games

ReelTime Media ads NFL to its Sports Network Providing Placement Coverage in Every NFL Game and at All NFL Stadiums During Games

ReelTime TV Now Live on Android TV to 80 Million Monthly Active Devices Exceeding 200 Million Potential Viewers on ReelTime TV Network

ReelTime's CEO Pledges Personal Shares and Vows to Reduce Potential Dilution by More than 50% in Debt Reduction Plan Leading to Uplist

LoudMouth News to Join ReelTime TVs Fall Lineup Expanding Beyond Radio While Broadening its Subjects to Over 150 Million Potential Viewers

ReelTime's Dilution Reduced by 20 Million Arising From Negotiated Settlement in Their Favor

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.

CONTACT:

Barry Henthorn
ceo@reeltime.com

SOURCE: ReelTime Rentals Inc.

View source version on accesswire.com:
https://www.accesswire.com/667192/ReelTime-Revenues-Increase-From-Technology-License-with-Rapidly-Expanding-Virtual-Restaurant-Munchie-Magic