ReelTime Confirms Move to NASDAQ Listing Plans - New Symbol Approved by NASDAQ Expected to be Announced Next Week
05 November 2020 - 1:21AM
InvestorsHub NewsWire
ReelTime
Confirms Move to NASDAQ Listing Plans - New Symbol
Approved by NASDAQ
Expected to be Announced Next Week
KENMORE, WA, 4th November 2020 --
InvestorsHub NewsWire -- ReelTime VR/ReelTime Media (OTC:RLTR) ReelTime VR confirmed that it plans to
move to the NASDAQ Capital Market Exchange. The Company has completed all requirements to reserve a new
symbol which has been approved by NASDAQ and and expects to
announce the new NASDAQ symbol that it will begin trading under
once the process has been completed next week.
ReelTime will continue to trade on the OTC
Markets under the symbol (OTC:RLTR) throughout the process and up
until the move to the NASDAQ Capital Market becomes
effective.
The NASDAQ Capital Market
provides companies the required capital in order to grow their
business. The NASDAQ Capital Market also provides a listing venue
that promises to accommodate the different stages of corporate
lives of the companies. All companies that are listed on
NASDAQ Capital Market need to satisfy all the required
qualifications for NASDAQ securities in Rule 4300. The companies
also need to adhere to the corporate governance standards set by
NASDAQ.
ReelTime has
worked diligently
in conjunction with its advisors in order to be in a
position to take this step and will continue to do so throughout
the application, comments and approval process. ReelTime intends
to work closely
with NASDAQ to insure strict adherence to all listing
requirements.
Barry Henthorn CEO stated:
"This is a very significant milestone for ReelTime and our
investors. The process is not for the feint of heart. It
requires a significant increase in transparency, oversight, and
compliance. That being said, we are confident that we will
be able to meet all of the listing requirements to begin trading on
the NASDAQ Capital Market in a reasonable
timeframe."
In other
news:
ReelTimes VR capabilities
which were showcased
in Inc.
Magazines' March
24th issue
solves the monetization problem of high production cost in
relationship to the size of the potential audience that has
thwarted VR content creation. Using ReelTime process and Ubiquiview
technology, content can be shot in VR yet made available to major
networks and other flat content portals as well. By expanding the
number of potential viewers from only those with a VR headset to
nearly all widely used formats, traditional monetization via
product placement, embedded advertising, pre, and post-roll
sponsorships, etc. become possible.
Last
month ReelTime VR topped the list published in Virtual Reality
Insider of three unknown public companies set to drive the
explosion of the AR/VR worlds as access and adoption/adaptation
become commonplace. The full article can be seen
at www.virtualrealityinsider.com .
The article makes special mention of the potentially industry
shaping significance of ReelTime's patent Number 10,761,303 that
was just issued by the USPTO on September 1, 2020. The patent
covering apparatus and method claims for technology involving
simultaneous capturing of 360 X 360 degree Spherical Panorama
Images and Video.
Earlier this year
ReelTime VR appeared in TIME Magazine where it was singled out as
companies "Among those most likely to gain from the growing virtual
reality market" and where it cited t ReelTimes "In Front of View"
as "The World's No. 1, VR Travel Show".
About
NASDAQ Capital Markets: Nasdaq is a global technology company serving
the capital markets and other industries. Our diverse offering of
data, analytics, software and services enables clients to optimize
and execute their business vision with confidence. A diverse
selection of over 4,000 companies choose to list on Nasdaq's U.S.,
Nordic and Baltic exchanges, representing industries such as
retail, health care, finance, and technology. In the U.S., Nasdaq
is the listing venue of choice for many of the world's most
exciting companies. The Nasdaq Stock Market has three distinctive
tiers: The Nasdaq Global Select Market® , The Nasdaq Global Market®
and The Nasdaq Capital Market® . Applicants must satisfy certain
financial, liquidity and corporate governance requirements to be
approved for listing on any of these market
tiers.
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
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