Announcement 5/19/09
New Reeltime CEO Announces Change and New Revenue Generation Initiatives for 2009-2010
SEATTLE, May 19, 2009 /PRNewswire -- Reeltime Rentals, Inc. (Pink Sheets: RLTR) The new Chairman and CEO of Reeltime Rentals announced the company’s plans for 2009-2010 today. James Green stated that, “Reeltime is going through a complete overhaul and revamping”. Green has conducted a complete review and determined that the company, through its new programs based on revenue generation not stock promotion , will become a major competitor in the online movie, television and merchandising industries.
“This company now has the leadership and vision it has been wanting,” says President, Mark Felgenhauer. With our dedicated staff, aggressive marketing and operational strategies we will transform Reeltime Rentals into a major financial force.
“First on our to do list is to diversify our business to offer consumers a wide range of spin off products that will give them added value for the fee they pay us to watch our movies and TV shows. We will be offering memberships to our consumer club we are calling The Reel Club”, said Green. In return for a monthly fee members will receive a host of benefits such as unlimited viewing of our TV programs, discounted pay-per-view movies and discounts at our soon to be launched online Store called The Reel Store and discounts at the retail supplier we are enlisting in malls, shopping centers and online. “Like the competition we will be shipping and selling DVDs. But we will surpass the competition as we will be offering Music CDs, Books and even Fitness equipment as we will be launching a Fitness and Exercise Channel shortly,” says Green.
“Especially exciting”, says Green and Felgenhauer, “Are the 18 new channels we will roll out in the next 3-6 months. With the name change to The Reeltime.com Television Network we will be operating like a traditional television network and afford consumers and members a vast array of programming through these 18 new channels that can be acquired for a membership in The Reel Club”.
Attached to our 18 channels is our new Franchise Program where qualified producers and suppliers can gain management of a Reeltime channel through our franchise purchase program. Our new franchise partners will supply the programming we require and the merchandise we require that will be associated with each franchised channel.
New to Reeltime will be our Production Division, that will co-produce 10 new television series and broadcast these on Reeltime.com and other public broadcasting stations . This new division will assure us that we can release new and unseen series for our members and subscribers. The Reel Production division will afford the company new revenues that will help make the company profitable in the coming months.
“We are a company with new direction and besides becoming strong financially we will also become an active corporate citizen”, says Green. Our Not for Profit Organization Fundraising and Revenue Sharing Program that will afford these groups a good percentage for revenue though our membership marketing program.
He stated that, “Over and above what is mentioned here, we have some exciting things up our sleeve as well”. He closed by saying that, “With the growth of our channels, our diverse offering of new and exciting consumer products and most important our excellence in customer service and relationship marketing, this company will become a major earner and player in the home entertainment and retail business in the months to come”.
For Information Contact:
James C Green
(778) 329-2126
Email: Jamescarlgreen@shaw.ca
Note to Shareholders: In order to communicate and update all current shareholders on a regular basis, we would ask that all current and potential shareholders please supply your contact information including email address to ir@reeltime.com . Special Offers and News will be coming directly from the company and we would like to share them directly with you on a regular basis.
AI
