PSYC Eyes Future Media Expansion & Diversification Possibilities with Launch of Spotlight Media Corp. Subsidiary
March 08 2022 - 8:30AM
InvestorsHub NewsWire
PSYC
Eyes Future Media Expansion & Diversification Possibilities
with Launch of Spotlight Media Corp.
Subsidiary
LAKE
OSWEGO,OR -- March 8, 2022 -- InvestorsHub NewsWire
-- PSYC Corporation
(OTCPink:
PSYC) (“Global” “PSYC” or the “Company”) a media leader for the
emerging medicinal psychedelics sector, and authorities
behind Psychedelic
Spotlight, a top ranking
psychedelic news and information platform, is pleased to announce
that the Company incorporated Spotlight Media
Corporation (“Spotlight Media
Corp.,” “SMC”), a wholly owned subsidiary of PSYC, with the intent
of more effectively positioning the Company to expand on its
existing media ventures both within, and potentially outside, of
the medicinal psychedelic industry.
Since
launching Psychedelic Spotlight in 2020, the Company contends it
established a significantly valuable foothold within the burgeoning
psychedelics industry and emerged as a recognized leader in the
production of premium, industry-focused content. And with the
Company’s belief that a majority of the anticipated growth and
expansion of the industry is still ahead of it, PSYC is aiming to
stay ahead of the curve by strengthening its position as media
leader in the psychedelic space.
“Our goal
here with PSYC is to develop an all-encompassing, interconnected
network of assets that are capable of supporting one another and
becoming recognized staples within the ever-evolving psychedelic
space and community,” said PSYC CEO, David Flores. “The
incorporation of Spotlight Media Corp. as a subsidiary to PSYC
creates an extremely sensible opportunity to compartmentalize the
valuable media assets we assembled, such as Psychedelic Spotlight,
The Psychedelic Investor, and our stake in
PsycheDev.”
Mr. Flores
continued, “We believe this establishes a more clearly defined path
for the Company to not only expand on current and future
media-focused ventures, but potentially contribute to
diversification opportunities that will have a direct impact on our
revenue initiatives for the Company. As we continue to strive
towards solidifying PSYC’s position as a leader for medicinal
psychedelics, we are committed to exploring strategies, in the
coming months, that may optimize our ability to diversify our
performing assets, both within and potentially outside of
psychedelics, with the very clear objective of creating tangible
value for PSYC’s loyal shareholders.”
About PSYC Corporation (OTCPink:
PSYC)
At PSYC Corporation 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, we believe 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 are dedicated to 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.
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 and the success of the current vaccine distribution, the
adverse effect of the Omicron variant, 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.
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,
please do so responsibly.
Corporate
Contact:
PSYC Corporation
(PSYC)
www.psyccorporation.com
(702) 239-1919
info@psyccorporation.com
OTCPINK: PSYC
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