TORONTO, ON and LAS VEGAS, NV--(Marketwired - Mar 5, 2014) - Myriad Interactive Media Inc. (OTCQB: MYRY) (BERLIN: XNG), a global interactive media and development company, is pleased to announce that we have initiated our first steps into entering the medical marijuana sector and will be working with a consulting Oncologist to further develop our planned project.
"I am very pleased to announce the first of two additional industries that we plan to enter," said Myriad CEO Derek Ivany.
"We have developed several exciting technologies over the past year and continue to diversify our asset portfolio. We believe it is important to bring further diversification to the company and we feel now is the time to enter the medical marijuana space with our brand of technologies," continued Ivany.
The medical benefits of Cannabis have been known for over 10,000 years. These include both recreational as well as the therapeutic effects. Today with the legalization and distribution of medical marijuana in certain US States, many of the medical benefits are overshadowed by just the excitement of legalized marijuana. The companies approach will be primarily focused on the medical aspect of cannabis. Currently, the industry continues to flourish as legalized expansion is expected to continue in as many as 9 additional US states. These US States currently have medical marijuana initiatives on the ballot for 2014. In all legal marijuana states, the consumption of cannabis is permitted for patients who have obtained prescriptions from medical physicians. Currently in both Colorado and Washington State the recreational use of cannabis is permitted to adults over the age of 21.
"It is important that we move with the times and deploy our talent to develop relevant technologies that are in demand today," said Myriad CEO Derek Ivany.
He added, "We have a successful track record in developing and delivering projects. The company will stay true to our strategic plan of delivering new innovative platforms that have the potential to be adopted by large user bases. We intend to continue forward in that direction while continually expanding our global user base, which in turn can be utilized for future marketing potential. It is also important to stress that all of our projects fit into our bigger picture, and we are not losing any focus on our overall strategy, I want to make that clear."
About Myriad Interactive Media, Inc.: Myriad Interactive Media is an interactive marketing and development firm based in Toronto, Canada. Myriad designs and develops customized marketing plans, social media marketing campaigns, pay per click, and search engine marketing. Our company also develops in house web & mobile applications.
Myriad Interactive Media Inc. is a public company quoted on the OTCQB under the symbol MYRY. For more information, please visit us in the USA at www.myriadim.com
Forward-Looking Statements
In addition to historical information, this press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.
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Source: Marketwired (March 5, 2014 - 8:15 AM EST)
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