SOURCE: Myriad Interactive Media, Inc.

January 17, 2014 07:30 ET

Myriad Interactive Media Eliminates All Asher Enterprises Debt

TORONTO, ON and LAS VEGAS, NV--(Marketwired - Jan 17, 2014) - Myriad Interactive Media Inc. (OTCQB: MYRY), (BERLIN: XNG) a global interactive media & development company, is pleased to announce that we have eliminated all Asher Enterprises debt from the company.

"We are pleased to announce that we have been able to move forward from the convertible debt that the company had with Asher Enterprises Inc. and that we have paid back in full the last note which was due on February 12th 2014. We have received confirmation from Asher Enterprises Inc. attorneys that we do not have any further obligations to them and therefore we do not have any further outstanding debt in any shape or form with their firm. Furthermore any shares that have been historically placed into reserves will be released," said Myriad CEO Derek Ivany.

"Cleaning up this initial toxic debt is just the beginning, It is our ultimate goal to re-shape the entire balance sheet as we move forward with 3 very exciting projects early into 2014," continued Ivany.

Misrepresentations about our Project

It has been brought the company's attention that someone has been posting misleading information and has created a fake social media account on Facebook. We have shared this information with our lawyer. We take this behavior seriously and therefore ask our investors to not trust any social accounts or other posts that are not officially put out by the company. All of our investors have the right to be updated at the same time and according the rules and therefore the company utilizes press releases to properly disseminate accurate information about our firm and our project developments.

We will be introducing additional social pages which will be powered by our MingleSuite technology at a later date and we will further update investors with this information on a separate date. 

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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