ReelTime Receives $750,000 in Funding
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Why are Founders Barry Henthorn, Dave Craddick, Josh James, and Simon Martin smiling?
ReelTime Rentals has just received funding of $750,000.
What is ReelTime Rentals?
ReelTime Rentals is in the online video delivery market. ReelTime is public and listed as (rltr.pk).
BullBear Capital Partners have provided â€˜non toxicâ€™ financing to ReelTime Rentals.
What does this funding mean?
In this case, it means that ReelTime will be able to improve their balance sheet and have greater flexibility to position itself as a leader in the online video/DVD viewing market.
Finally, a website that empowers you to choose the movies you want to see, when you want to see in your home or at a place of your choice. All you need is a broadband connection.
ReelTime is looking beyond the medium of Internet, to other mediums such as Mobile, and beyond. Their end-to-end delivery system called â€˜Intelligent Rapid Delivery Systemâ€™ is economically viable and revolutionary in its structure. Banking on the IRDS, ReelTime hopes to achieve the position of the leader in this rapidly expanding online video delivery marketplace.
To access movies through ReelTime, you need to have a broadband connection. The DVD quality, â€˜Point, Click, and Watchâ€™ user experience is available to anyone present in the Virtual World.
See their site here.
Read more about Barry Henthorn here.
Read more about Dave Craddick here.
Read more about Josh James here.
Read more about Simon Martin here.
Read more about BullBear Capital Partners here.