News...
ReelTime Takes in First Revenue
Sep 13, 2006 3:57:00 PM
SEATTLE, WA -- (MARKET WIRE) -- 09/13/06 -- ReelTime Rentals, Inc. (PINKSHEETS: RLTR) today announced that it has earned its first revenues from numerous new video rental subscribers. ReelTime Rentals, which launched September 12th, is the first "Point, Click, and Watch" full screen DVD quality online video streaming service offering subscriptions and pay-per-view rentals of movies and television programming to the public. (www.reeltime.com)
According to Barry Henthorn, CEO, "This is a great moment in the life of any company. Our initial revenue dollars are coming in, and I am very pleased with the demand. We are now pressing ahead with loading more of the content that we have already licensed into our media vaults to expand our inventory online. This will become evident in the coming weeks. Moreover, we are very excited about adding additional and diverse programming to our library." Henthorn went on to say, "ReelTime is open for business and will now focus on increasing our product offerings."
About ReelTime Rentals, Inc.
ReelTime Rentals' mission is to deliver diverse programming over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the only DVD quality "point, click, and watch" user experience available on the World Wide Web. For more information, go to www.reeltime.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that forward-looking statements involve risks and uncertainties. Although ReelTime Rentals Inc. believes the assumptions underlying forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there is no assurance that forward-looking statements included herein will prove to be accurate, and inclusion herein should not be regarded as a representation by ReelTime Rentals Inc. or other persons that objectives and plans of ReelTime Rentals will be achieved.
Contact:
Michael Gersh
(206) 219-6889
