Commentary

Two in a row! We don't hear from Reeltime in weeks and suddenly we are blessed with two upbeat releases back-to-back. This mornings release should help bolster investor confidence in the Company, as Reeltime is now putting audited financials together to file an update information statements (Form 211) and become more transparent in its operations.

Gotta love it. Stay tuned for more.

Press Release

ReelTime Begins Auditing Financials

Feb 21, 2008 6:30:00 AM

SEATTLE, WA -- (MARKET WIRE) -- ReelTime Rentals, Inc. (PINKSHEETS: RLTR) announced today that the Company has engaged a first class, PCAOB registered accounting firm, Peterson Sullivan PLLC, to begin the process of auditing the company's financial records -- from ReelTime's inception through year-end 2007 -- in order to prepare comprehensive audited financial statements in accordance with Generally Accepted Accounting Principals (GAAP). Once completed, the initiative will provide for increased and ongoing investor transparency through a Form 211 filing and subsequent voluntary filings of financial statements while the Company remains trading on the OTC Pink Sheets.

ReelTime's CEO, Barry Henthorn, stated, "I am elated that we have accomplished yet another major milestone for the Company. The commencement of the auditing process represents the culminated efforts of many individuals and countless hours of work, and I am truly proud of our achievement so far. Upon completion of the audit we intend to file for listing on a senior exchange, and today's engagement is a huge step towards accomplishing that goal."

Peterson Sullivan PLLC, a CPA firm founded in Seattle, has been in practice for over 50 years in the Pacific Northwest. With over seventy skilled professionals, Peterson Sullivan provides expertise in accounting, auditing, comprehensive tax services and business valuation for clients including, publicly traded companies, closely held businesses, non-profits, and individuals throughout the region.