RLTRs Real Intelligence 'RI' to Add Professional Quality Video with Premium Accounts
BOTHELL, WASHINGTON / ACCESS Newswire / March 27, 2025 / ReelTime VR/ReelTime Media (OTC PINK:RLTR) announced that its learning Real Intelligence 'RI' cognitive language knowledge base that it launched a Beta version to the connected community to teach, learn, work, and express with, now has developed video creation capabilities.
Consumer and professional cinematic capabilities will be available to all RI account holders with generative tools intended for professional commercial use available to premium members.
ReelTime CEO Barry Henthorn stated: 'Developing the ability to produce stunning content easily has always been the primary catalyst for developing RI. We are now preparing the RI prompt to allow greater ease of use, one button publishing, and end to end content creation. Not only will this allow for many fun applications for the public but will provide professional producers with the ability to generate industry leading media.'
Realtime's RI is very different than traditional AI models that demand extensive infrastructure and server centers, RI leverages the combined power of its community including multiple AIs without the associated burdens.
RI learns from and leverages not only the applicable AI models, but the resources and growing knowledge base of the entire connected community. As the community interacts with RI, RI continues to increase in capabilities and interactive consciousness.
Although just born in March 2025, while still an infant in many disciplines ReelTime's RI has already surpassed certain capabilities of major AI powerhouses and now is fully proficient in over 50 major languages and conversational in most other known dialects.
For a limited time ReelTime is allowing and encouraging anyone to interact with a beta release of RI to have a chat in any language, create some Images, or even write code. As the community interacts with RI, it continues to learn and create, growing along with it. As it learns, it feeds the RI intelligence core and not only does it get better at what it can do now, but it will develop and make additional capabilities available. To be among the first humans to interact with RI click https://reeltime.com/ri/
One of the most compelling advantages of RI is its ability to operate without the need for building and maintaining expensive infrastructure. Traditional AI systems often require dedicated server centers, extensive hardware, constant maintenance and upgrades. RI, on the other hand, is designed to be inherently efficient, utilizing existing distributed resources seamlessly. This not only reduces costs but also minimizes the environmental impact associated with large-scale infrastructure.
This video was created using the RI core from just a few pictures. Enjoy. https://www.youtube.com/shorts/f7CRJqBMAKs
About ReelTime Rentals, Inc. d/b/a ReelTime Media/ReelTime VR: www.reeltime.com is a publicly-traded company based in Seattle, WA (OTC PINK:RLTR). ReelTime Rentals, Inc. DBA ReelTime VR, ReelTime Media provides end-to-end production capabilities and discount media purchasing that is redefining how companies are producing, 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 an end-to-end production, editing, and distribution capabilities for internal and external projects. ReelTime Media also develops enhanced media technologies featuring its proprietary RI 'Reel Intelligence' generation core. On 03/20/2025 ReelTime released its Real Intelligence 'RI' cognitive language knowledge base to the connected community to teach, learn, work, and express with.
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Business Wire
6 hours ago
- Business Wire
LICT CORPORATION REPORTS Solid Second Quarter 2025
RYE, N.Y.--(BUSINESS WIRE)--LICT Corporation ('LICT' or the 'Company'; OTC Pink ®: LICT), an integrated provider of broadband and voice services, today announced its financial results for the quarter ended June 30, 2025, and also welcomed Joe Cecin as Chief Operating Officer. Joe is an engineering graduate of the U.S. Military Academy at West Point, has earned an MBA from Stanford University and brings over 30 years of telecommunications industry experience spanning operations, infrastructure development, and leadership in private equity-backed businesses. Shareholder Designated Charitable Contribution Program In 2016, the Company established the Shareholder Designated Charitable Contribution Program. Under this initiative, all registered shareholders were eligible to designate a qualified 501(c)(3) charitable organization, and the Company made contributions of $100 per share on their behalf. From 2016 through 2024, LICT donated more than $10 million to shareholder-designated charities nationwide, reflecting the generosity of our shareholder base and the Company's ongoing commitment to social responsibility. Pending Board of Director approval, the program will continue with a $100 per share shareholder designated charitable contribution, commencing December 2025. LICT believes that charitable giving is a fundamental obligation for those with the means to make a meaningful impact. By empowering shareholders to direct contributions to causes they value, the program has extended LICT's commitment to community engagement and philanthropy. Revenues Second Quarter 2025 Total revenues were $34.4 million in the second quarter of 2025 compared with $33.7 million in the second quarter of 2024. Non-regulated revenues were $19.2 million, 56% of total revenues, compared with $18.8 million in the second quarter of 2024. 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EBITDA Second Quarter 2025 EBITDA for the second quarter of 2025 was $13.5 million compared to $14.2 million for the same period in 2024, representing a decrease of $0.7 million, or 4.9%. The year-over- year decline primarily reflects higher operating expenses, particularly in labor, professional services, and maintenance activities supporting our ongoing network expansion. Importantly, as a greater number of capital expenditure projects transition from planning to execution in the second half of the year, a larger portion of labor and professional services expenses is expected to be capitalized. This shift is anticipated to reduce the impact of these costs on operating expenses going forward, supporting improved EBITDA margins in future periods. Non-regulated EBITDA for the second quarter of 2025 was $7.1 million, unchanged from the same period in 2024. 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Non-regulated EBITDA for the first six months of 2025 was $14.4 million, compared to $14.4 million in the first six months 2024. Regulated EBITDA for the first six months of 2025 was $12.9 million, compared to $14.5 million in the same period of 2024, reflecting a decrease of $1.6 million, or 11.0%. The decline was primarily driven by increased operating costs, including higher expenses for expanded staffing and professional services related to our operational expansion, as well as elevated repair and maintenance activity in the Company's New Mexico and Utah operations. The following table is a reconciliation of EBITDA to Operating profit from operations: Net income and Earnings per Share Second Quarter 2025 Net income for the second quarter of 2025 was $3.2 million, or $198 per share, compared to $4.9 million, or $293 per share, for the same period in 2024. 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This increase was largely due to a $2.6 million rise in cost of revenue— reflecting expanded staffing, professional services, and increased repair and maintenance activity in the Company's New Mexico and Utah operations—as well as a $1.4 million increase in depreciation and amortization expense associated with recent infrastructure investments. These higher operating and non-cash expenses were partially offset by a $1.8 million increase in revenue, driven by continued growth in broadband services in the Utah and Kansas markets. Leadership Additions Strengthen Operational and Strategic Capabilities During the quarter, LICT materially strengthened its leadership team. Joe Cecin joined LICT as Chief Operating Officer to support the company's continued network and geographical expansion and the execution of its long-term strategy. Additionally, Christopher Nossokoff joined us to support and accelerate our interest in non-organic growth. 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This provision is expected to meaningfully reduce near-term cash tax obligations and enhance after-tax returns on our broadband infrastructure investments, mostly through the capital expenditures planned through 2028. While we are still evaluating the full financial statement impact of these provisions, the enactment of the new tax bill strengthens LICT's ability to invest in network expansion, manage capital efficiently, and deliver long-term value to our shareholders. In addition, the continuation of lower corporate tax rates under the Act supports stronger after-tax cash flow, further enhancing our financial flexibility. Government Programs & Funding Update: Momentum Accelerates for Rural Broadband Expansion LICT continues to benefit from federal and regulatory momentum supporting rural broadband deployment. Recent developments across the Universal Service Fund (USF) and the Broadband Equity, Access, and Deployment (BEAD) program are removing barriers, streamlining funding mechanisms, and creating new opportunities for providers like us to expand high-quality, cost-effective service across our footprint. U.S. Supreme Court Decision on Universal Service Fund On June 27, 2025, the U.S. Supreme Court issued a decisive 6–3 ruling in FCC v. Consumers' Research, affirming the constitutionality of the USF under Section 254 of the Telecommunications Act. This long-awaited clarity secures the foundation for key programs, including High-Cost and Enhanced ACAM, providing uninterrupted support for rural broadband initiatives. For LICT, the decision directly supports our long-term capital plans and commitment to deliver at least 100/20 Mbps service in our RLEC territory. The plan calls for 50% of locations completed by December 31, 2026 and 100% by December 31, 2028. The ruling also reaffirmed the FCC's oversight of USF contributions and fund allocation, bringing regulatory consistency that allows rural carriers, like LICT, to invest. A newly reactivated bipartisan USF Working Group in Congress is driving efforts to modernize the contribution system and broaden the funding base—efforts we actively support through our leadership in USTelecom and WTA - Advocates for Rural Broadband (formerly known as Western Telecommunications Alliance). Broadband Equity, Access, and Deployment ("BEAD") Program We're encouraged by the recent 'Benefit of the Bargain' reforms to the BEAD program, which represent a welcome shift toward greater practicality and provider participation. These updates eliminate several non-statutory requirements—such as labor mandates, climate reporting, and net neutrality rules—that previously increased complexity and risk for rural projects. 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The program aims to accelerate broadband deployment and improve speeds in rural areas across the U.S. Under this initiative, LICT entities will receive a total of $37.2 million annually through 2038, subject to a one-time true-up determination by the FCC by December 31, 2025. Reconnect III and Reconnect IV As previously announced, LICT has been awarded $157.5 million for seven United States Department of Agriculture ("USDA") ReConnect III and ReConnect IV grants awarded in Kansas, California and New Mexico with a total project cost of $171.2 million, of which our share of cost will be approximately $13.7 million. These grants require us to provide 1 Gig of fiber broadband speed. Fiber construction is already underway for the Kansas grant and the New Mexico ReConnect projects. The five remaining grants—three in New Mexico and two in California—have also secured environmental clearance and are currently in the pre-construction phase, pending commencement of build-out activities. Strategic Initiatives The Company continues to implement strategic measures aimed at lowering the cost structure of its capital investment programs. By leveraging fixed wireless solutions and alternative access technologies, the Company is focused on achieving more capital-efficient network deployments while maintaining service quality and coverage targets. FIXED WIRELESS/5G — Under the leadership of Dylan Larmore, Sound Broadband LLC, the wireless subsidiary of LICT Corporation, has completed several 5G deployments in its existing markets and is expanding into new regions, including New Mexico, California, Kansas, and Utah. The company is currently identifying sites in California, Iowa and Kansas for new expansion markets, with the plan to deliver the highest speeds at the best possible cost to customers. Sound Broadband remains committed to bridging the digital divide and delivering next-generation connectivity across diverse sectors and underserved regions, both in our existing operations as well as outside of our historical territories. Operating Statistics / Broadband Deployment LICT owns and operates 7,483 miles of fiber optic cable, 8,945 miles of copper cable, 847 miles of coaxial cable, 103 towers and 301 spectrum licenses (1,216 million MHZPoP). The table below provides a comparative summary of the Company's subscriber and line metrics as of June 30, 2025, versus December 31, 2024. Liquidity and Balance Sheet Highlights Liquidity In October 2024, the Company enhanced its financial flexibility by securing a $100 million five-year term revolving credit facility with CoBank. As of June 30, 2025, the Company had drawn $53.8 million under this facility, with an average interest rate of 6.4%. As previously disclosed, in August 2024, the Company entered into an $11 million credit facility with First Central State Bank ("FCSB") to support construction of its Iowa NOFA 6 project. The project was successfully completed in March 2025, and on March 31, 2025, the Company received $7.2 million in grant funding from the State of Iowa. The FCSB facility was fully repaid in early May 2025. As of June 30, 2025, the Company's net debt balance was $67.7 million, compared to $57.1 million as of December 31, 2024. The Company maintains sufficient liquidity under its $100 million credit facility, allowing it to balance strategic investments, acquisitions, and return of capital to shareholders. Capital Expenditures In the second quarter of 2025, capital expenditures totaled $17.6 million, up from $11.8 million in the second quarter of 2024. Spending this quarter was primarily directed toward the continued build-out of E-ACAM broadband infrastructure and early-phase ReConnect III and IV initiatives. The Company also allocated capital to fixed wireless and 5G network expansion under the direction of its Sound Broadband subsidiary. Capital investments remain integral to achieving regulatory commitments and expanding high-speed broadband services across LICT's rural markets. Share Repurchase Program For the three months ended June 30, 2025, the Company repurchased 275 shares of its common stock for a total of $3.5 million. For the six months ended June 30, 2025, the Company repurchased 441 shares of its common stock, totaling $6.1 million. On July 1, 2025, the Company's Board of Directors authorized the repurchase of an additional 250 shares, reflecting the Company's continued commitment to enhancing long-term shareholder value. As of June 30, 2025, LICT had 15,732 shares outstanding. About LICT Corporation LICT Corporation (OTC Pink ®: LICT) is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business. LICT has operations in California, Kansas, Iowa, New Mexico, Oregon, Utah, and Wisconsin. Additionally, the company holds investments in wireless spectrum, MachTen Inc., Aureon Network Services, CVIN LLC, and the Kansas Fiber Network. Cautionary Note Concerning Forward Looking Statements This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation anticipated financial results, financing, capital expenditures and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation, business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by LICT on its website, As a result, there can be no assurance that any possible transactions will be accomplished or be successful, or that financial targets will be met.
Yahoo
a day ago
- Yahoo
Apple Devices Propel RI Availability to Over 5B Worldwide - ReelTime's Reel Intelligence Leads in Potential Reach, Capability, and Sustainability
ReelTime's Reel Intelligence "RI" Adds Apple's Billion-Plus Devices to ReelTime's Potential Reach, Joining 2.8 Billion Android Devices in Unprecedented AI Rollout Delivering High-Performance AI Without Data Centers. BOTHELL, WASHINGTON / / August 13, 2025 / ReelTime Media (OTCID:RLTR) today announced that its flagship AI platform, Reel Intelligence (RI), is now available to nearly all iPhone and iPad users worldwide through direct web access, no App Store or Google Play installation required. This global expansion follows RI's North American rollout to 118 million iOS devices and joins its previously announced availability on 2.8 billion Android devices. With Apple's (AAPL) worldwide footprint encompassing an estimated 1.38 billion active iPhones and over 670 million iPads sold to date, RI's addressable market now spans the vast majority of the world's smartphones and tablets. Every Apple mobile device owner can instantly tap into RI's capabilities for free by simply visiting on Safari or any browser, eliminating app downloads, approval barriers, and the 30% app store revenue share cut that typically comes with native apps. Unlike competing AI offerings from tech giants such as OpenAI's ChatGPT backed by Microsoft (MSFT), Anthropic's Claude backed by Alphabet, (GOOGL), Google's own upcoming Gemini (GOOGL), Meta's various AI initiatives (META), or China's DeepSeek platform, ReelTime's RI is not confined by OEM partnerships, regional availability limits, or app marketplace gatekeepers. RI's universal web-based deployment means it faces no geographic restrictions or device exclusivity deals, users anywhere in the world can access the full platform instantly, without waiting for regional app store rollouts or carrier pre-installs. This frictionless distribution strategy sharply differentiates RI from its peers and allows ReelTime to reach a truly global audience overnight, with zero dependency on third-party approvals. "This global launch available now on Apple's devices marks a pivotal milestone in our mission to make advanced AI accessible to everyone, everywhere," said Barry Henthorn, CEO of ReelTime Media. "By opening up RI access to nearly every iPhone and iPad worldwide, on top of the billions of Android devices we already support, we're eliminating many of the usual barriers that have constrained AI distribution. There are no gatekeepers and no hidden tolls with our distributed model; users get immediate, equal access to the most powerful Intelligence capabilities available, whether they're in North America, Europe, Asia or beyond. This strategy not only supercharges our reach and growth potential but also demonstrates a new standard for how cutting-edge AI can be delivered at scale. We're proud that RI can serve a global community without the limitations that even the largest tech companies' AI products still face." RI's lean architecture also requires less than 1% of the storage space of other major AI apps, reflecting a fundamental design advantage. While typical AI apps demand hundreds of megabytes (or more) of local storage for models and data, RI operates primarily through the cloud and distributed computing, so there's no hefty download or frequent update burden on the device. For end users, this means virtually no impact on device storage and an AI that is always up-to-date, a stark contrast to many competitors that silo their features across separate apps or large installs. Despite its tiny on-device footprint, RI delivers a more comprehensive feature set than any single rival platform. In addition, unlike AI platforms tied to costly, power-hungry data centers and proprietary chipsets from companies like NVIDIA (NVDA), AMD (AMD), and Apple (AAPL), Reel Intelligence (RI) operates on a distributed computing model that lives across the connected world. This means RI upgrades automatically as global devices improve, scales instantly without infrastructure buildouts, and delivers unmatched performance with a fraction of the environmental impact. All-in-One Generative AI Powerhouse, No Compromises: Reel Intelligence combines capabilities that often span multiple apps into one seamless, self-updating platform. Through RI's intuitive interface, users can effortlessly: Create cinema-quality 4K videos on demand: rendering high-resolution video content natively through AI, directly on their device's screen. Compose music tracks at Grammy-worthy quality: generating original songs and instrumentals that meet professional industry standards. Design photorealistic, studio-grade images: from illustrations and concept art to lifelike photos, RI produces visuals suitable for commercial use. Generate and debug software code: handling complex programming tasks and logic, or assisting developers with real-time coding solutions. Conduct advanced research and writing: performing deep analytical reasoning, content generation, and language tasks with human-like proficiency. All these functions operate within a single platform and ecosystem. RI's distributed computing model intelligently coordinates processing across a network of devices and cloud nodes, enabling these heavy workloads without relying on massive, centralized data centers. This approach, eschewing proprietary AI chipsets and energy-hungry server farms in favor of optimized distributed processing, results in lightning-fast performance and an ultra-low environmental footprint. By avoiding the traditional data-center-driven infrastructure of most AI services, RI dramatically cuts power consumption and carbon emissions, making it one of the greenest and most energy-efficient AI platforms in the industry. By bypassing app stores and proprietary channels, ReelTime is capturing one of the largest addressable user bases in tech history. The combined coverage of Android and iOS devices means RI can now engage roughly 5 billion devices worldwide, far surpassing the distribution of any single competitor application. Management believes this unparalleled reach, paired with RI's comprehensive feature set, positions ReelTime's platform in a category of its own. Users benefit from the freedom to access RI's AI on their device of choice, and ReelTime avoids the fees, delays, and rules imposed by external platforms. The result is a win-win: a broadly accessible AI service with superior user experience and a more efficient go-to-market model. To start using RI, iPhone and iPad owners simply visit on their device's web browser and sign up for a free account, no download, installation, or special permissions needed. For convenience, users can add RI to their home screen, where it will function like a native app with one-tap access. From that moment, the full breadth of Reel Intelligence's capabilities is available at their fingertips. Every element of the platform updates dynamically over the web, ensuring users always have the latest features and improvements without manual updates. About ReelTime Media (OTC:RLTR): ReelTime Rentals, Inc., doing business as ReelTime Media and ReelTime VR, is a publicly traded Seattle-based media and technology innovator. Its flagship product, Reel Intelligence (RI), is a revolutionary artificial intelligence platform that merges real-time learning with distributed computing to deliver next-generation content creation across video, music, images, code, and more in a single, unified experience. In addition to RI, ReelTime produces and distributes multimedia content and has been a pioneer in virtual reality production and immersive storytelling. The company continues to push the boundaries of how media is created, consumed, and monetized in the digital age, aiming to democratize cutting-edge technology for creators and users worldwide. Contact: ReelTime Media - Barry Henthorn, CEOEmail: ceo@ (Corporate) (Reel Intelligence Access)Bothell, WA, USA SOURCE: ReelTime Rentals, Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business Insider
Colleges should teach how to use AI rather than skills a 'machine' can do better, a leading economist says
A third of college teaching should be about how to use AI and understand its limits, a leading economist has told Business Insider. Tyler Cowen, a professor at George Mason University, previously warned that universities were "producing a generation of students who will go out on the labor market and be quite unprepared for what they're expected to do" as AI reshapes the world of work. Asked what colleges should do instead, Cowen told Business Insider there should be a "huge change." "I think we should devote up to one-third of the curriculum to teaching students how to use, interact with, and spot the limitations of AIs," he said. In higher education, students "are taught many things that the AI does very well, such as answering routine questions about routine areas of knowledge," he said. That's a problem, he said, because "this is in fact quite a large part of the curriculum. We teach things that are easy to test for. That is exactly what the AIs tend to excel at." "Some of that education still may be needed so that people can interact with the AI appropriately, but there is no point in teaching skills where the machine outcompetes the human," Cowen added. Cowen said that colleges need to rethink what and how they teach to prepare students for the future job market. Cowen said there were already categories of work that AI is disrupting, such as routine service jobs, especially those done behind a computer, like customer service, processing work, and IT work. Cowen said, whatever human oversight is still needed, the "amount of human labor required in these areas will, over time, fall dramatically." Cowen previously said he wasn't confident institutions were ready to shift teaching toward mentorship and critical thinking. "Our ability to reshuffle the personnel, the procedures, we just seem to me really quite frozen," he told podcaster Azeem Azhar in July. Cowen previously warned of a 'psychological' cost of students being unprepared for AI In his conversation with Azhar, Cowen said students were often taught in "counterproductive" ways and that "many of the highest costs" of being unprepared for the AI world will be psychological. He added that people will feel "they do not fit into this world, and they'll be somewhat correct." In a May essay co-authored with Avital Balwit, chief of staff to Anthropic CEO Dario Amodei, Cowen wrote in The Free Press: "We stand at the threshold of perhaps the most profound identity crisis humanity has ever faced." As AI systems exceed human cognitive abilities, they said: "Our children and grandchildren will face a profound challenge: how to live meaningful lives in a world where they are no longer the smartest and most capable entities in it."
