SOURCE: ReelTime Rentals, Inc.

July 12, 2007 08:31 ET

ReelTime Announces One Million Dollar Financing

SEATTLE, WA--(Marketwire - July 12, 2007) - (PINKSHEETS: RLTR) announced today the closing of a non-toxic financing with a group of private investors, and Innovative Communications Technologies Inc. This financing was done at a premium to the market. The proceeds will be used to secure premium content offerings, joint ventures, as well as for general corporate purposes.

Barry Henthorn, ReelTime's CEO, said, "The closing of this financing will allow ReelTime to execute initiatives as the company moves to achieve its plan to go from an ongoing business to becoming a dominant player in the home video marketplace."

About's mission is to deliver diverse programming, for rental or by subscription, over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the first DVD quality "Point, Click, and Watch" user experience available on the World Wide Web. ReelTime is providing the public the next generation of online viewing technology, designed with the built in capacity for unlimited growth.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This 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 forward-looking statements involve risks and uncertainties. Although ReelTime Rentals Inc. believes the assumptions underlying forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there is no assurance that forward-looking statements included herein will prove to be accurate, and inclusion herein should not be regarded as a representation by ReelTime Rentals Inc. or other persons that objectives and plans of ReelTime Rentals will be achieved.

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