SEATTLE, Nov. 1, 2005 (PRIMEZONE) -- ReelTime Rentals, Inc. (Pink Sheets:RLTR) announces that the Company will exchange 1.5 million shares of RLTR restricted common stock to Innovative Communications Technologies, Inc. (Pink Sheets:ICTN) for payment of a portion of consulting fees owed to ICTN in connection with the licensing of their Media Rental Device. ReelTime acquired the exclusive worldwide license to market and sell this technology in 2004.
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 streams full-screen media content directly to consumers, while implementing security measures to combat the threat of piracy.
For more information on ReelTime Rentals, Inc., you may visit our website at www.reeltimetv.net.