By: Dylan Sikes - AllPennyStocks.com News

Wednesday, October 15, 2014

As of the latest report from the World Health Organization on October 10, which covers data through October 8, there have been a total of 8,399 confirmed, probable and suspected cases of Ebola virus disease across seven affected countries of Guinea, Liberia, Nigeria, Senegal, Sierra Leone, Spain and the United States. WHO said there were 4,033 deaths from Ebola since the outbreak began in March in Southeastern Guinea. These figures do not include the 71 cases of Ebola, or 43 deaths, in the Democratic Republic of the Congo, as this outbreak is not considered related to the larger outbreak in the aforementioned countries. The figures are a moving dynamic, evidenced by the latest case of Ebola being diagnosed in the United States and the WHO saying new cases could surge 10-fold to 10,000 a week by December if immediate action is not taken on multiple fronts. Dr. Bruce Aylward, Assistant Director General at the World Health Organization, said at a news conference yesterday that the total number of confirmed, probable or suspected cases now stood at 8,914 with 4,447 deaths (compared to 8,399 and 4,033, respectively, in the last WHO report).

There’s a handful of websites to track the Ebola virus, including regulatory agencies (WHO, CDC) and data aggregators like ebola-outbreaks.silk.co, but a search for “Ebola” in the Apple App Store returns no results. Myriad Interactive Media Inc. (OTCQB:MYRY) is throwing its hat into the ring in a bid to fill this void by providing real-time notifications to people about what’s going on with the disease.

Myriad, a Toronto, Canada-based interactive media and development company (i.e maker of websites, apps, etc.), said Wednesday morning that it has been retained by Mouse LLC to develop a new Ebola tracking system. According to Myriad chief executive Derek Ivany, the initial system will be developed for mobile devices and design is already underway. Mouse is fully funding the project. Myriad, who will maintain and support the mobile app, will earn 15 percent in royalties from any revenue sources stemming from the app. Few details were provided, other than saying the tracking system will have several unique features that aren’t yet being disclosed due to potential competition. A marketing campaign will be initiated upon launch of the system.

The company has taken a bit of a “strike while the iron is hot” approach to other topics, including a medical marijuana mobile application and a Bitcoin platform. In March, Myriad said it was going to enter the popular medical marijuana sector as it looked to diversify its offerings. In August, the company retracted its statement, saying that after significant due diligence it was abandoning any initiatives in the pot sector as it was too risky and not in the best interest of stakeholders. It’s noteworthy that the medical marijuana sector has been facing serious scrutiny by the Security and Exchange Commission due to a litany of unethical promotional activity by countless companies, so Myriad removing itself may have been a wise move.

Myriad has also delved into the crypto currency space , launching in February its CryptoCafe, an online marketplace where people can buy and sell with crypto coins, such as Bitcoin and Dogecoin. Today, Myriad exited this business as well, saying it has sold its CryptoCafe asset to Mouse LLC. “In the event that the sector rejuvenates new life we may explore introducing new technologies, but for the time being we will continue to focus on building forward key assets, introducing new revenue streams and eliminating debt,” Ivany said in a statement.

No details of the sale were disclosed, but Myriad told investors that terms will be reported in the company’s 10-K when it is filed with the SEC. On that point, Myraid said it is in the process of a final review and will be filing the 10-K once the review is completed.

Shares of MYRY have tumbled from near 7 cents in January to sub-penny levels, including a low of $0.004 this month. The stock is coming out of the gate with gains Wednesday morning, rising 26 percent to $0.0097 shortly after the opening bell.

Copyright © 2014 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.