Reeltime Rentals, Inc. entered into a binding letter of agreement to acquire Discount Ad Brokers for $2.7 million.

ReelTime Rentals, Inc. is engaged in the business of developing, producing and connecting client advertising. The Company is involved in virtual reality (VR)content and technologies. It has end-to-end production, editing and distribution capabilities for internal and external projects. The Company produces three series for the Samsung Gear VR platform and distributes them over various VR delivery portals, including Gear VR, Oculas, Veer VR, HTC Vive, YouTube 360, Facebook and others. The Company has three divisions: Media, Virtual Reality and Content Production. The Virtual Reality division is in the business of developing, producing and distributing VR content and technologies. The Content Production division is engaged in developing and producing Linear TV and Radio broadcasts of editorial support programing in a paid placement model, including the flagship program title of Special Featured Product Report and the Health Watch Minute, which aired on cable networks, such as CNBC.