SOURCE: Myriad Interactive Media, Inc.

July 01, 2014 07:15 ET

Myriad Interactive Media Inc. (MYRY) Signs Licensing Agreement With Artificial Life on Its Medical Application Development Source Code to Be Used in Medical Marijuana Industry

TORONTO, ON and LAS VEGAS, NV--(Marketwired - Jul 1, 2014) - Myriad Interactive Media Inc. (OTCQB: MYRY) (BERLIN: XNG), a global interactive media and development company, is pleased to announce that we have closed a technology licensing agreement for a mobile medical application to be used in the Medical Marijuana industry.

"The company has signed a source code licensing agreement with Artificial Life, Inc. (OTC Pink: ALIF) (PINKSHEETS: ALIF) (STUT: AIF) for its software code repository related to its medical applications which have seen a tremendous success in the diabetes markets", said Myriad CEO Derek Ivany. "The high number of satisfied users historically using the diabetes application, the quality of the app and its code and proven methods based on proprietary artificial intelligence technology that Artifical Life has successfully deployed over the years will give Myriad a great starting point as we move the company forward with our developments in the Medical Marijuana space. Myriad is currently developing a separate mobile application catered to both the recreational and medical markets, continued Mr. Ivany."

"Our first quarter trip to Germany allowed the company the opportunity to connect with Artificial Life and identify this tremendous opportunity whereby Myriad will be building a new series of medical applications, starting with the medical cannabis sector," said Ivany. Artificial Life has seen tremendous success in the mobile app market and had great success in the mobile application sector where their apps have collectively reached over 70 million downloads. The foundation behind these mobile applications translate into a massive code repository whereby Myriad has formed a licensing agreement to utilize the code repository which also includes mobile core and development engines which complement our ongoing entry into the mobile gaming space. Myriad will save a significant amount of money on future developments and the company is extremely pleased with the opportunity to work with Artificial Life.

About Artificial Life, Inc

Artificial Life, Inc. is a former leading mobile app developer and since 2011 a new kind of investor and business consulting company. We act as a global business network provider and facilitator for our investment companies, assisting them in their funding efforts, licensing, sales, production, and general business development activities. We also act as an investment scout identifying and analyzing investment targets for clients and help partners to develop their business globally with a strong focus on Asia. Artificial Life, Inc. is a Delaware-registered corporation founded in 1994 in Boston. Our shares are traded on the OTC market (ticker: ALIF). Our global headquarters is in Hong Kong.

For more information on Artificial Life, Inc., please visit: www.artificial-life.com

About Myriad Interactive Media, Inc.:
Myriad Interactive Media is an interactive marketing and development firm based in Toronto, Canada. Myriad designs and develops mobile applications, corporate websites, enterprise applications and other custom web development. Myriad has developed several in house technologies which are 100% owned and operated by Myriad Interactive Media, Inc.

Myriad Interactive Media Inc. is a public company quoted on the OTCQB under the symbol MYRY and on the Berlin exchange in Germany under the symbol XNG. For more information, please visit us in the USA at www.myriadim.com

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