Thursday, April 20, 2017 10:43:33 AM
ReelTime has developed and filed, on July 19, 2016, a patent application for a “Simultaneous Spherical Panorama Image and Video Capturing System” [Application no. 62364262]. It has been in continued development and ReelTime expects to be able to allow it to be used in consumer and commercial applications.
In August, 2016, ReelTime began production on three series shot in Virtual Reality for distribution currently via Oculas, Samsung Gear VR, and other VR distribution platforms. ReelTime also began producing resort showcases and event experiences. Because of these activities the company began receiving revenue and expanded its operations into an end to end production and distribution facility.
In the future, the Company anticipates that it will continue with its core media based business activities which will thereby generate sufficient revenues to expand and utilize emerging technologies and potential opportunities which may arise. The Company also anticipates that it may have the opportunity to acquire other similar media based businesses that can help and assist it to advance its core activities as summarized herein.
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