SEATTLE, Oct. 21, 2005 (PRIMEZONE) -- ReelTime Rentals, Inc. (Pink Sheets:RLTR) announces that Alex Stanczyk, CEO of the Company, has resigned to pursue other interests. Mr. Stanczyk will continue to actively support the company as a member of ReelTime Rentals' Advisory Board. Mr. Stanczyk remained at the head of ReelTime Rentals through the negotiation and closing of the agreement with Scream Networks, which has since been ratified, settling technology ownership and licensing rights issues between the two Companies. Current Chairman of the board Barry Henthorn will be satisfying the position until the board approves a permanent replacement.
"I have enjoyed working with the talented ReelTime Rentals team to bring the company close to market launch," said Alex Stanczyk. "Although I have chosen to step down at this time, I believe in the Company's success and will continue to provide support as a member of the Advisory Board, a diligent shareholder and a future customer."
About ReelTime Rentals, Inc.
Headquartered in Bellevue, Washington, ReelTime Rentals' mission is to deliver diverse media content to consumers over the Internet enabling them to view the media content that they choose, whenever they would like to see it. The Company will stream full-screen media content directly to consumers, while implementing security measures to combat the threat of piracy. Subscribing customers of ReelTime's service will have access to an extensive library of quality full-screen movies and other programming without the hassles of going to the video store or mailbox, nor the added expense of late fees.
For more information on ReelTime Rentals, Inc. you may visit our web site at www.ReelTimetv.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release 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 all forward-looking statements involve risks and uncertainties. Although ReelTime Rentals Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by ReelTime Rentals Inc or any other person that the objective and plans of ReelTime Rentals will be achieved.