TORONTO--(Marketwired - Jul 31, 2013) - Myriad Interactive Media, Inc. (
"Once integrated with our MingleSuite platform, the acquisition of MyMobiPoints will enable users to earn points by sharing content with their social networks," said Derek Ivany, Myriad's CEO. "This a great app that is expected to provide our clients with a viral marketing tool that allows them to create a proactive army of users to promote their product and services. At the same time, users are rewarded with points that are redeemable towards the products and services the client offers."
MyMobiPoints includes a customizable mobile store, mobile website and other unique features that are completely controlled by an innovative back-end dashboard. Clients are able to configure everything from products, services, point value, e-commerce pricing, and more, while tracking every user action. Prior to points being earned, the client is able to review and approve or deny any user-submitted content, thereby protecting the client from fraudulent points. Points may be earned by sharing or promoting clients' content in a variety of ways, including Twitter, Facebook, Instagram, Foursquare and by playing the SpinWheel game.
The app was developed for iOS and is free for users; client package pricing begins at $2,500 and can go beyond $10,000, delivering solid margins and an exciting new product line to help fuel Myriad's rapidly-expanding sales efforts.
Financial terms of the acquisition may be found in the Company's filings with the SEC ( www.sec.gov ).
MingleSuite Update We are pleased to announce we have fulfilled our back-orders and contractual obligations on MingleSuite community installations and are now working on expanding our market for the technology. We are in talks with another European partner to expand further throughout Europe and expect to make an announcement in the next couple of weeks about our arrangement. We have also expanded our sales force in the USA with the addition of two new sales representatives whom have significant retail sales experience across the USA and will be a valuable asset to Myriad in selling both MingleSuite and MyMobiPoints. Currently we are selling MingleSuite in Canada, USA and Denmark.
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 on Myriad Interactive Media, Inc., 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.
Contacts Myriad Interactive Media Inc. http://www.myriadim.com MingleSuite http://www.minglesuite.com MyMobiPoints http://www.mymobipoints.com Financial Communications Contact Michael Briola Partner Anubis Partners, LLC mbriola@anubispartners.com 541.482.0919 Direct 208.988.9126 eFax
