News out this morning...
Myriad Interactive Media Enters Multi-Billion Dollar Daily Deals Market in Brazil
TORONTO & RIO DE JANEIRO, Mar 26, 2012 (BUSINESS WIRE) -- Myriad Interactive Media Inc. (OTCQB: MYRY), a global interactive media & development company, is pleased to announce the launch of its proprietary daily deals platform called CupomZilla. Cupom is translated as Coupon in the Portuguese language which is the official spoken language of Brazil.
“We are delighted to announce that we are officially unveiling our CupomZilla platform. During the last 8 months, we have been collecting massive amounts of data on the Brazilian daily deals market as we position ourselves into launching our very own daily deal offers. “The group buying space is a thriving multi-billion dollar business in Brazil, we have aggregated Pizza restaurants that have sold over 49,000 vouchers, that one deal alone yielded over $500,000 USD in commission for Groupon, this was just one of the many deals Groupon offers Brazilians on a daily basis. PeixeUrbano, another popular daily deal site has been raking in millions of dollars and it only started a couple of years ago, we believe it is still early to enter this booming market says Myriad Interactive Media Inc.”
“Understanding a market in its entirety and consumer purchasing behavior is absolutely essential before a company can strategically offer its own daily deals and coupons,” according to Derek Ivany, CEO of Myriad Interactive Media Inc. “It is clear that our choice in building a top-quality aggregator was the right step to take and this concludes part one of a two part strategy in entering the booming daily deals market in Brazil.
About CupomZilla: Our CupomZIlla.com.br brand aggregates all of the major daily deals into our web platform and allows users to filter through them all in one place. By setting personal preferences, users receive information on only the deals they want. This protects the user from being bombarded with daily deals they not interested in. Users can use our interactive map feature and track deals that are close in proximity to their home or office or traditional filters which allow a user to search by City or Postal Code. “We plan on launching many more features including Facebook Connect integration so users can use the platform with their Facebook accounts, says Myriad Interactive Media Inc.”
To view our CupomZilla platform in action please click on the following link: http://www.cupomzilla.com.br
To view a presentation on our platform please visit the investor section of our website at http://www.myriadim.com
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.
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Source: Myriad Interactive Media Inc.