SEATTLE, Nov. 15, 2004 (PRIMEZONE) -- Reeltime Rentals, Inc. (Pink Sheets:RLTR) announced that it has successfully delivered a series of DVD-quality video streams to a control group of Beta Testers in Europe. The overseas beta test correlates with the Company's initiative to explore business opportunities in the European marketplace for their Rental-on-Demand Client. Thus far, the Company's "Next Generation" ROD technology has been well received by its beta testers.
"ReelTime has ventured into the next generation of movie rentals and I am looking forward to its international launch. The video and audio quality, coupled with the lack of any lag experience while receiving the movie, was impressive. By setting their transmission and quality standards so high, they have practically eliminated the need to drive to a movie rental store. I believe that the best products are spread by word of mouth and you can guarantee that I will tell all my family and friends about this experience," remarked Marcus Massengale, a beta tester from Cambridge, England.
Alex Stanczyk, CEO of Reeltime Rentals, Inc., responded, "The U.S. is the largest and most competitive digital TV market in the world today, with more than 45 million digital households. However, according to Datamonitor, a leading source of business intelligence, Europe will represent a larger digital TV market than the U.S. by 2006, with some 63 million digital households. It is very important and exciting for ReelTime to know that our Rental-on-Demand service and delivery technology is just as effective and desirable in the European markets."
About Reeltime Rentals, Inc.
Reeltime Rentals, Inc., headquartered in Bellevue, Washington, plans on renting movies in real-time to the living rooms of customers nationwide. Customers will have access to thousands of DVD-quality full-screen movies without the hassles of going to the video store or mailbox, nor the added expense of late fees. ReelTime offers a unique, new, and convenient approach to renting movies at home or elsewhere. ReelTime uses cutting-edge technology that brings high-quality video content direct to consumers, while taking unprecedented measures to combat the threat of piracy. Technology acquired from Innovative Communications Technologies, Inc. forms the basis for ReelTime's Intelligent Rapid Delivery System (IRDS).
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: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing, and evaluation of products, and other risks detailed from time to time in the Company's filing with the Securities and Exchange Commission.