PSYC’s Bonfire Platform
Development Progresses; Will Host Free Virtual Community Event on
August 29th
LAS VEGAS, NV -- August 25, 2022 -- InvestorsHub NewsWire --
PSYC Corporation (OTCPink:
PSYC) (“PSYC” or the “Company”), a multimedia leader focused on
the emerging psychedelic and cannabis sectors, is proud to announce
the Company, in partnership with Digital Acorn Ltd., continues to
progress with the development of its Bonfire project (f/k/a
“PsycheDev”). The companies, through Psychedelic Spotlight, will
host their second virtual community-wide event on August 29, 2022,
at 5:00 PM PDT via Zoom.
The focus of this event will be establishing an open dialogue
surrounding the topic of self-care practices for altered states of
consciousness and cover the following topics:
- Community update - progress made with Bonfire and current
direction
- Guided meditation
- Information on how to join Bonfire’s “Campfire Crew” groups in
September
- Space for community dialogue
Individuals interested in registering for this event may do so
through Eventbrite.
The Company contends that since the evolution of the core
business model earlier this year from a self-guided platform to one
that embraces and aims to celebrate the critical element of
community within personal growth journeys, and particularly those
which may explore the use of altered states, they have identified
what they believe to be is a unique value proposition for Bonfire
within a nascent market sector.
“General interest and curiosity surrounding altered states of
consciousness continues to grow in recent years within mainstream
society,” said PSYC CEO, David Flores. “Every week it seems a
different celebrity or high-profile individual shares their
personal healing journey through the use of psychedelics. While
their stories help draw attention to healing potential through
altered states, we recognize how important it is for every day,
hardworking people to effectively access resources that not only
promote safety and responsibility but also affordability and
inclusivity for all members of society.”
Flores continued: “The evolution of Bonfire’s concept in recent
months is incredibly encouraging. Prioritizing the element of
community within the platform helped reveal tremendous value
potential and interest amongst professionals within the psychedelic
community that, initially, wasn’t an omnipresent factor in our
model. Unlocking this value proposition extends to revenue
materializing as we continually gain increased insights to
effectively optimize the platform through subscriptions and similar
opportunities. We look forward to connecting with the community
again next week and tapping into thoughts, ideas, and perspectives
people offer as we guide Bonfire closer to market.”
Executive Director of Psychedelic Spotlight, Swati Sharma,
added: “It’s been incredibly exciting to see the progress and
evolution of Bonfire over the past few months. All practitioners
participating in the project are highly skilled, trauma-informed
leaders in their respective areas, spanning across healthcare,
coaching, and transformational healing. Creating a sense of safety
and community can be difficult when working with groups remotely,
but the bi-weekly Campfire Crew meetups provided just that.
Genuinely authentic spheres where members of all backgrounds are
welcome to join and share in an intentional space for personal
growth is missing in the psychedelic sector. Our collective vision
between all team members is the foundation for a platform that
we’re proud to share across channels to promote harm reduction and
belongingness in the psychedelic space.”
Jack Bunce, who has meticulously spearheaded the pre-launch
operations and development of Bonfire, concluded with the following
statement: “I’m deeply grateful and excited to be running this
organization. My biggest priority with Bonfire is to continue to
listen to the evolving needs of the psychedelic community, and to
create safe, intimate, and inclusive spaces for those needs to be
met. My hope is that through addressing the unmet needs of
facilitators and people working with altered states, we will build
a strong, resilient, and healthy community.”
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.
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. At
present time, SMC operates as a multimedia service company for the
medicinal psychedelic industry through Psychedelic Spotlight in
addition to the developing community-based platform, Bonfire (f/k/a
“PsycheDev”). However, management intends, but cannot guarantee the
success or profitability, that the business plan for SMC is
to potentially expand beyond the medicinal psychedelic industry by
way of other multimedia-related opportunities within other
niche-style industries like cannabis, health and wellness, and
sports such that SMC can make use of the audience it is
establishing, across its platforms for cross-promotional
opportunities and with the intent of developing a network of
interconnected media-focused platforms.
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
www.spotlightmediacorp.com
(702) 330-0363
info@psyccorporation.com
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