Myriad Interactive Media Acquires Social Media Technology Myriad Interactive Media Inc. completes Social Media Technology Acquisition
TORONTO and LAS VEGAS, Oct. 16, 2012 /PRNewswire/ -- Myriad Interactive Media, Inc. (OTCQB: MYRY) CEO Derek Ivany is pleased to announce the Company has acquired a unique social media technology called Mingle from a technology firm based in Toronto, Canada.
"We are excited to announce that we've completed the letter of intent to acquire this innovative social media application that combines popular social media networks like Facebook, Twitter, Google+ and YouTube into one place. This will allow for seamless integration and ease of use for corporate clients looking for both, an all-in-one solution for social media management, and a unique search engine optimization tool equipped with sophisticated analytics."
The application also allows users to connect photo sharing sites like Flickr and Facebook Albums, high definition video from Vimeo and quality blogging & seo solutions powered by Wordpress. Myriad plans to integrate Pinterest and some other popular social sharing solutions in the near future.
Myriad's CEO who praised the technology and the need for quality social media marketing for small business says, "Social media continues to dominate headlines. We plan to join those headlines for all the right reasons when we officially launch this new exciting application."
Ivany says, "Myriad is making final development and coding upgrades to the acquired software and we plan to unveil this new innovative application within the next month. With similar applications approaching valuations between $500-million and still rapidly growing, we know we are in the right space."
Myriad also plans to unveil a presentation of the technological features within the next couple of weeks. "We have worked very hard to close this deal and with very favorable terms for our investors. In the past we have provided development expertise to the staff at Mingle, which definitely helped in making a smooth and friendly transaction for both parties."
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 at www.myriadim.com
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.
Myriad Interactive Media Inc.
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