Baristas forms Munchie Magic, Inc. to Accelerate Expansion of its Ben & Jerry's and Snacks Delivery Virtual Restaurant Concept
Baristas forms Munchie Magic, Inc. to Accelerate Expansion of its
Ben & Jerry's and Snacks Delivery Virtual Restaurant
Concept
Seattle WA –
March 12, 2020 -- InvestorsHub NewsWire -- Baristas Coffee
Company/Munchie Magic has announced that it has formed a
separate company Munchie Magic,
Inc. that will focus solely on the development and
expansion of
the Munchie Magic virtual restaurants that
delivers
Ben &
Jerry's ice cream along with Baristas coffee products and other
snacks foods through its third-party delivery partners.
Baristas
remains the majority shareholder, maintains control of the board of
directors, and
will be able to report revenues in its financial statements based
on consolidated financial statement principles. The purposes
for forming the separate company included,
but were not
limited to,
clarity in
accounting, the ability to fund the expansion of the business, ease
of separating Munchie Magic from other Baristas activities,
and avoidance of potential confusion in the marketplace.
All existing
contracts and locations are in the process of transitioning to
Munchie Magic, Inc.
which will remain in the control of Baristas Coffee Company, which
thereby benefits Baristas shareholders.
In
addition, the $250,000
of the Media Funding that
has
been allocated to Baristas Coffee Company (OTCPK:BCCI) as
Co-Op funds for
its "Munchie Magic," from
ReelTime
Media
(OTCPK:RLTR) remains in
tact to
be utilized for the marketing of Munchie Magic.
Barry Henthorn
CEO stated: "Munchie Magic has
evolved rapidly
since its initial test and subsequent refinement. We are very optimistic about
its success as we open new locations and expand our food offerings.
This new structure helps expand the new company
into a
self-sustainable business while protecting Baristas and its shareholders."
ReelTime Media remains as
the exclusive
marketing agency of record and production partner for the Baristas
Coffee (OTCPK:BCCI) and its home delivery network
designed
to deliver Ben
and Jerry's ice cream, Baristas Coffee
products,
and other munchies to homes and businesses
throughout America under the "Munchie Magic"
virtual restaurant brand. ReelTime Media is
handling
aspects of the creation and production of a
multimedia campaign for the Baristas initiative that is expected to include
advertisements and promotions on TV, radio, print, social media,
out of home, and new digital media.
About
ReelTime
Rentals,
Inc.
d/b/a ReelTime
Media:
www.reeltime.com,
is a publicly-traded company based in Kenmore, WA (OTCPK:RLTR).
ReelTime
Media provides
end to end production capabilities and discount media purchasing
that is redefining how companies are evaluating and purchasing
their TV, radio, print, and other new media. ReelTime is also is in the business of
developing, producing and
distributing Virtual Reality Content and technologies. We
have
end
to end
production, editing, and distribution capabilities for internal and
external projects. ReelTime currently produces three
ongoing series for the Samsung Gear VR platform and
distributes them over numerous VR delivery portals including Gear
VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and
others. ReelTime Media also publishes the book
"It Was Always Me Edward Edwards the most Prolific Serial
Killer of
all time" which has been the subject of a cover story
in
People Magazine,
Rolling Stone, In Touch, and a six-part series on Paramount
network, www.itwasalwaysme.com.
About
Baristas Coffee Company: Baristas is a
publicly
traded national coffee company that is recognized
throughout the US. It currently produces
and sells coffee related products under the Baristas brand. The
Baristas White Coffee single-serve cups compatible with the Keurig
2.0 brewing system is the bestselling product in its
category.
Baristas also markets other coffee-related products. Baristas
gained mainstream exposure when it became the subject of "Grounded
in Seattle" the reality show special feature which aired on WE tv.
It has been featured nationally including during Shark
Tank on
CNBC with Front Montgomery, CNN, ESPN, Food Network, Cosmopolitan
Magazine, Forbes Magazine, Modern Living with Kathy Ireland, Sports
Illustrated, NFL Monday and Thursday Night Football with Megs
McLean, at NASCAR Races, The Grammys, NBA TV, and other
notable
media.
Contact:
Barry
Henthorn
barry@baristas.tv
Baristas Coffee (CE) (USOTC:BCCI)
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Baristas Coffee (CE) (USOTC:BCCI)
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