PSYC Provides Update on Progress with PsycheDev
Inc.
‘One-of-a-Kind’ Psychedelic Support App on Target for Q3
Launch
LAKE OSWEGO,OR -- April 21, 2021 -- InvestorsHub
NewsWire -- Global Trac Solutions, Inc.
(OTCPink:
PSYC) (“Global” “PSYC” or the “Company”) the first publicly
traded digital media company within the emerging sector of
medicinal psychedelics, is pleased to provide an update regarding
the partnership and investment it entered into in January with
PsycheDev, Inc. (“PsycheDev), a Canadian-based digital mental
health solutions startup.
Since the
execution of a Joint Venture Partnership (the “JV”) with PsycheDev
in January whereby PSYC acquired a 15% equity stake in the company,
PsycheDev has made steady progress with the development of their
one-of-a-kind app that will focus on optimizing user’s mental
wellbeing and ability to enhance their personal psyche and achieve
"peak performance" through interactive and guided sessions as well
as a variety of practical and proven tools and
exercises.
Of note,
PsycheDev has added Kelli Foulkrod, MS, LPA, LPC, RYT, a
highly-experienced and trained transpersonal psychotherapist and
psychedelic integration therapist as a key advisor to its
development team. Ms. Foulkrod is also a member of the PSYC
Advisory Board. Additionally, PsycheDev has completed the first
prototypes and wireframes of the user interface and graphic design
associated with the app, and has identified a Montreal-based app
development agency that will be responsible for the initial
development of the app.
Justin Roy,
Founder and CEO of PsycheDev, remains optimistic in the company’s
ability to meet its established goal of a soft launch of the app by
mid-to-late Q3 of this year.
"The whole team
is working passionately right now to align every detail in the most
effective way possible,” Said Justin Roy. “The pieces are coming
together really well, and we are excited to keep moving forward
with the planned launch. It's very inspiring to see that the
solutions we are developing are no longer strictly ideas but more
and more concrete every day. I think that all the efforts put into
planning and preparation will show once we introduce the app later
this year. I truly see it as a completely new approach to personal
and professional development, inspired by the most promising ideas
from research in plant
medicine."
“We are quite
encouraged with the ongoing progress Justin continues to make with
the PsycheDev app,” Said Global Trac Solutions, Inc. CEO, David
Flores. “Moving this app from concept to development is a huge
undertaking, and I have a deep appreciation for the diligence and
dedication he continues to demonstrate to ensure it is executed in
the most effective manner possible. I also remain incredibly
convinced of the value that the PsycheDev platform and app has the
potential of delivering to a fairly large segment of our society
once it is fully launched. From my perspective, popularity and
interest in digital mental health tools designed to enhance and
optimize mental performance and wellbeing is only growing larger
across the globe and is coinciding with a more open approach to
certain plant-based therapies. For this reason, among others, I
believe the timing of PsycheDev’s app is about as opportunistic, in
my opinion, as possible, and I look forward to PSYC playing an
integral role in their eventual market
launch.”
About Global Trac Solutions, Inc.
(OTCPink:
PSYC)
At Global Trac Solutions we are
integrating media, creativity, and technology to develop and deploy
thought-provoking ideas and solutions that are fostering and
transforming the approach to some of society’s most pressing
matters.
PSYC has expressed its intent and
commitment to positioning itself at the forefront of the
psychedelic revolution and as a resource center for discovering and
understanding the latest research and business opportunities
surrounding psychedelic inspired medicines. In conjunction with the
FDA’s more open-minded approach to psychedelic medicines, and as
several major U.S. cities continue to approve the decriminalization
of psilocybin, investors are speculating that the psychedelic boom
could be bigger than that of cannabis. PSYC is your source for
current investment related news specific to psychedelic medicines
and cutting-edge research improving overall health, moving this
sector into the mainstream.
We believe in a forward-thinking
approach that embraces groundbreaking new technology and
innovations and through the vision of business development we
intend to continue to evolve into these unchartered territories as
the industry leaders of the future. We truly are the right TRAC to
follow.
Forward-Looking Statements
Disclaimer:
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, including the effect of
COVID-19, 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.
Disclaimer: Global Trac
Solutions, Inc. 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, please do so
responsibly.
Corporate
Contact:
Global Trac Solutions, Inc.
(PSYC)
www.globaltracsolutions.com
(702) 239-1919
psyc@globaltracsolutions.com
OTCPINK: PSYC