Myriad Interactive Media Announces Strategic Investment In Cutting Edge Start-up

TORONTO and LAS VEGAS, Jan. 31, 2013

The equity stake and option will be earned in exchange for services performed by Myriad.

The Company is in the final stages of developing an online property that specializes in the auctioning of real estate services, earning subscription and ancillary revenues from real estate professionals. The company is well-funded and has secured marketing agreements with several of Canada's largest media companies to attract attention to its innovative real estate services platform.  

"This is a unique opportunity for Myriad," said CEO Derek Ivany. "Real estate services generate approximately $50 billion in commissions annually in North America, an estimated 25% of which is reinvested in the acquisition of new business. Those are the revenues this exciting start-up is targeting. A 10% share of that pie would translate into hundreds of millions of high-margin revenue, and we stand to benefit from our decision to take equity rather than fees."

"We are very pleased to have Myriad as a partner," said Rachel Zou, VP of Business Development of the Real Estate Company. "We put our design, programming and SEO work up for tender last year and chose Myriad based on a competitive and comprehensive bid. The contract value was approximately $275,000, but when Myriad offered to provide the service in exchange for an equity interest we saw an opportunity to work with a partner who truly understood and believed in our value proposition. As we put the finishing touches on the development, we couldn't be happier."

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.