
SEATTLE, WA -- (MARKET WIRE) -- 01/31/08 -- ReelTime Rentals, Inc. (PINKSHEETS: RLTR) announced today that it has agreements with several of its content providers, including television programming and top-tier full length feature films, to utilize ReelTime's Intelligent Rapid Delivery System (IRDS) solution for redistribution of media content. This will allow other online video providers to have access to a variety of content currently licensed by ReelTime, providing they employ the IRDS platform on their websites.
In the dynamic and cutting-edge industry of online video distribution, IRDS has been widely accepted by both content providers and major studios for its superior user experience, excellent visual quality, and impenetrable piracy protection. ReelTime's ongoing content acquisition coupled with the leveraging of its licensing agreements will provide additional income and establish an updated business model for the Company.
"Licensing of content has historically been an expensive and time-consuming obstacle for ReelTime. The delivery of DVD-quality video has also shown its own different set of challenges. ReelTime is now able to leverage its ability to accomplish both of these things in a way that opens doors for other business opportunities. We are very excited about the revenue stream to come from redistribution, and are honored by the exclusivity of this agreement with our content providers," said Barry Henthorn, ReelTime's CEO.
ReelTime Rentals, Inc. is 100% in compliance with all laws, regulations, and the requirements of the exchange upon which its shares are traded.
According to CEO Barry Henthorn, "ReelTime Rentals, Inc. has no affiliation with Reeltime Media Ltd., nor has there ever been. We are issuing this statement so that our shareowners are acutely aware of the truth, and are not being misinformed."