PSYC’s CEO Provides Detailed
Update on the State of the Company in Newly Released Podcast
Recording
LAS VEGAS, NV -- January 5, 2024 -- InvestorsHub NewsWire --
PSYC Corporation (OTC
Pink Market: PSYC) (“PSYC”, “PSYC Corp” or the “Company”),
parent company to Spotlight
Media Corporation (“SMC” or the “wholly owned subsidiary”), a
multimedia holding company and leading media authority for
expanding industries such as medicinal psychedelics, has announced
the release of a new video podcast recorded with PSYC CEO, David
Flores, on January 2, 2024 for the expressed and intended purpose
of providing shareholders with information on the Company’s
current state of business.
During the 30+ minute conversation, hosted by Psychedelic
Spotlight Director and Producer, Matthew Dunehoo, Mr. Flores
candidly details some of the challenges, obstacles, and general
uncertainty that PSYC is currently facing as it attempts to move
forward as a multimedia-focused company within the psychedelics
industry.
The Company wishes to advise those who view and listen to the
recording that some of the information, remarks, and opinions
covered within it by Mr. Flores may be considered speculative and
are covered under the Forward-Looking Disclaimer at the
bottom of this press release.
“Given the extremely critical juncture that PSYC is in at
present time, I felt it was important to provide our shareholders
with as detailed, insightful, and transparent of an update as
possible,” said Mr. Flores.
“I understand the frustration and disappointment that many of
our shareholders have experienced regarding our lack of
communication in recent months, however, the Board and I have
attempted to gain as clear and concise of an understanding of all
the different factors at play here with the intent of providing the
most accurate update possible as provided for in the Company’s
video.
I want to be clear in that as of the date of this press release,
the Company has not reached any final decisions on any actions that
may or may not be taken related to the future operations of PSYC.
We continue to diligently assess the viability of a variety of
options and solutions that we believe will most reasonably, given
the challenges we are faced with, protect the Company, our
shareholders, employees, partners, and all other interested
parties.
At this time, we can offer no guarantee as to the survivability
of PSYC in the weeks and months ahead; only that we are committed
to identifying the best and most logical solutions.
I have utilized this recording to the best of my ability to shed
as much light and detail on the very specific challenges we are
faced with along with my opinions on the value I believe we have
developed for the Company over the last 3 ½ years through
Psychedelic Spotlight.
I highly recommend that all our shareholders and interested
parties take the time to watch and listen to it for informational
purposes only.”
The podcast recording with Mr. Flores can be viewed through the
following link: LINK TO
PODCAST
The Company intends to provide shareholders with additional
updates as more information becomes available.
Individuals interested in speaking directly with Mr. Flores may
do so by emailing him at: david@psyccorp.com
Citations and Sources from Podcast:
https://www.globenewswire.com/en/news-release/2023/09/12/2741807/0/en/Psychedelic-Drugs-Market-revenue-to-exceed-USD-12-Billion-by-2035-says-Research-Nester.html
https://ir.weedmaps.com/news-releases/news-release-details/wm-technology-inc-reports-first-quarter-2023-financial-results
About PSYC Corporation (OTC Pink Market: PSYC)
PSYC Corporation (the “Company” or “PSYC”) is a
forward-thinking multimedia leader for progressive and emerging
market sectors such as medicinal psychedelics and cannabis.
Management’s assessment is that through the diversified
collection of multimedia platforms the Company owns and operates,
and most specifically through the news, information, and engaging
content they each produce and publish respectively, PSYC has
effectively positioned itself at the forefront of some of today’s
most dynamic and opportunity-filled market sectors.
About Spotlight Media Corporation
Spotlight Media Corporation (“SMC”) (www.spotlightmediacorp.com)
is a Nevada Corporation and is a privately held wholly owned
subsidiary of PSYC that was incorporated on February 8, 2022.
SMC currently owns and operates Psychedelic Spotlight which,
according to the Company, has emerged as a recognized
industry-leading multimedia platform dedicated to covering the
growing movement across society involving psychedelic-assisted
healing. Additionally, SMC also operates PSPACE, a psychedelic
integration and mental wellness consumer-facing platform being
developed to effectively meet the demands linked to the expanding
interest and curiosity across society related to the healing and
therapeutic wonders of psychedelics and other plant based and
holistic modalities.
SMC’s service-focused media platforms include Technical 420, On the
Bids, and Mushroom
Stocks which each serve publicly traded companies operating in
the sectors of cannabis, mining and precious metals, and medicinal
psychedelics and have become valuable informational resources for
individuals following each of these respective market sectors.
Forward-Looking Statements Disclaimer Applicable to this
Press Release and the Company’s Video:
No information contained in this Press Release or the Company’s
video should be construed in any way whatsoever as an offer to sell
or buy the Company’s securities.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. In some cases, you can identify forward-looking statements
by the following words: "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are disclosed on the OTC
Markets.com website and is not incorporated by reference into such
reports. No information contained in this press release should be
construed as any indication whatsoever of the Company’s future,
revenues, results of operations or stock price.
Disclaimer: PSYC Corporation does not in any way encourage
or condone the use, purchase, sale or transfer of any illegal
substances, nor do we encourage or condone partaking in any
unlawful activities. We support a harm reduction approach for the
purpose of education and promoting individual and public safety. If
you are choosing to use psychedelic substances, do so under medical
supervision and act responsibly.
Corporate Contact:
PSYC Corporation (PSYC)
www.psyccorporation.com
www.spotlightmediacorp.com
(702) 239-1919
info@psyccorporation.com
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