PSYC Completes and Publishes
2021 Audited Financials; Will Begin Audit of Q1 & Q2
2022
LAS VEGAS, NV -- August 31, 2022 -- InvestorsHub NewsWire --
PSYC Corporation (OTCPink: PSYC) ("PSYC" or the "Company"), a media
leader focused on the emerging psychedelic sector through its
flagship platform, Psychedelic Spotlight, completed and published
its 2021 Audited Financials. The Company has made the documents
available to the public on OTC Markets and it can be viewed
here:
Annual
Report - Annual Report - PSYC 2021 Amended & Audited
Financials
The accomplishment comes after PSYC completed its 2020 Audited Financials in March,
representing an important milestone as it works towards becoming a
fully current SEC reporting company and up listing to the
OTCQB.
Following the completion of the documents, PSYC will now
commence the audit of its first two quarters of 2022 and plans to
continue to work towards filing their Form-10 registration
statement as part of the OTCQB up listing process.
"In our opinion, much of 2022 has really been focused on
garnering momentum behind PSYC in preparation for taking that next
leap forward," said PSYC CEO, David Flores. "From our perspective,
we succeeded in solidifying Psychedelic Spotlight as a recognized
leader for news and information within the growing psychedelic
space and now reasonably view it as a tangible asset for the
Company. We're currently in the process of putting the finishing
touches on launching our Bonfire platform and are optimistic in the
value we believe it will return to PSYC in the months and years
ahead. Moreover, we expect to complete the acquisition of Technical
420, LLC in the coming weeks; a deal that we believe will
immediately bolster our revenue generation capabilities and make an
immediate, positive impact on our bottom line."
Flores continued, "From a timing perspective, the completion of
our 2021 audited financials lines up perfectly with each of these
developments, and, in my opinion, will prove to be instrumental in
helping the Company take that next leap forward. Since coming
aboard as CEO of PSYC in July of 2020, I made it very clear that my
desire was to help PSYC achieve its full value potential by first
guiding the Company to an up listing to the OTCQB. I always
recognized that this objective would require execution on a
fundamental strategy that would take several months. Alongside the
support of some incredibly talented individuals, including our CFO
Craig Schlesinger, our accountants, and our auditors at M&K
CPA's, we've moved this process forward and reached a point where
we believe we're closer than ever to achieving this objective. Our
commitment is to not stop until we see this process all the way
through."
CFO Craig Schlesinger concluded with, "PSYC's 2021 Audited
Financials are yet another significant milestone en route to bigger
and better things for the Company. The process is neither easy nor
fast, but it puts us on a track to completing our Q1 and Q2 audits.
We're now one large step closer to our overarching goals of being a
fully current SEC reporting company, up listing to the OTCQB,
attracting more public market visibility, increasing our ability to
raise equity financing, and ultimately returning value to our loyal
shareholders, stakeholders, team members, and communities we serve.
Exciting times are ahead for Team PSYC."
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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