Myriad Interactive Media, Inc. (OTCBB:MYRY) signed a letter of intent to acquire Mingle Suite Application from Kalim Khan for $0.26 million in stock and notes on September 6, 2012. As on September 19, 2012, Myriad Interactive Media, Inc. signed an agreement to acquire Mingle Suite Application. Consideration will be paid as 5 million shares of Myriad on closing and issuance of promissory note of $0.18 million which will be conditional upon generating a minimum of $0.5 in sales of the Mingle Suite Application on or before the due date of October 1, 2014. If the minimum required sales are not generated then the note shall be re-paid on a pro rata basis provided a minimum of $0.25 million in sales are generated on or before the due date. The deal is expected to be closed on October 1, 2012. The transaction is subject to consummation of due diligence by Myriad Interactive.

Myriad Interactive Media, Inc. (OTCBB:MYRY) completed the acquisition of Mingle Suite Application from Kalim Khan on October 1, 2012.