Virtual community

Development of PSYC’s Bonfire platform is progressing; will host a free virtual community event on… | New

LAS VEGAS, NV, Aug. 25, 2022 (GLOBE NEWSWIRE) — PSYC Corporation (OTCPink:PSYC) (“PSYC” or the “Company”), a multimedia leader focused on the emerging psychedelic and cannabis industries, is proud to announce the Company, in partnership with Digital Acorn Ltd., continues to make progress in the development of its Bonfire project (f/k/a “PsycheDev”). The companies, via Psychedelic Spotlight, will host their second community-wide virtual event on August 29, 2022 at 5:00 p.m. PDT via Zoom.

The objective of this event will be to establish an open dialogue around the theme of self-care practices for altered states of consciousness and will cover the following topics:

  • Community update – progress with Bonfire and current direction
  • Guided meditation
  • Information on how to join Bonfire’s “Campfire Crew” groups in September
  • Community dialogue space

Those interested in registering for this event can do so through Eventbrite.

The company argues that since evolving the core business model earlier this year from a self-guided platform to one that embraces and aims to celebrate the essential element of community in personal growth journeys , and especially those who can explore the use of modified states. , they have identified what they believe is a unique value proposition for Bonfire in an emerging 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. “Each week it seems like a different celebrity or high profile person shares their personal healing journey through the use of psychedelics. While their stories help bring attention to the potential for healing through altered states, we recognize how important it is that every day hard-working people effectively access resources that not only promote safety and responsibility, but also affordability and inclusiveness for all members of society.

Flores continued, “The evolution of the Bonfire concept over the past few months is incredibly encouraging. Prioritizing the community element within the platform has uncovered tremendous value potential and interest among professionals in the psychedelic community that initially was not a pervasive factor in our model. . Unleashing this value proposition extends to revenue materialization as we continually gain additional 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 the thoughts, ideas, and insights people offer as we bring Bonfire closer to market.

Psychedelic Spotlight Executive Director Swati Sharma added, “It has been incredibly exciting to see Bonfire’s progress and evolution over the past few months. All of the practitioners participating in the project are highly skilled and trauma-informed leaders in their respective fields, spanning health care, coaching and transformational healing. Creating a sense of safety and community can be difficult when working with groups remotely, but Campfire Crew’s bi-weekly meetings have provided just that. Truly authentic spheres where members from all walks of life are invited to join and share in an intentional space for personal growth are lacking in the psychedelic industry. Our collective vision among all team members is the foundation of a platform that we are proud to share across all channels to promote harm reduction and belonging in the psychedelic space.

Jack Bunce, who meticulously led the pre-launch operations and development of Bonfire, concluded with the following statement: “I am deeply grateful and excited to lead 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 to meet those needs. I hope that by 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 integrate media, creativity, and technology to develop and deploy thought-provoking ideas and solutions that empower and transform the way we approach some of society’s most pressing issues.

PSYC has expressed its intention and commitment to position itself at the forefront of the psychedelic revolution and as a resource center for discovering and understanding the latest research and business opportunities regarding psychedelic-inspired medicines. Along with the FDA’s more open-minded approach to psychedelic drugs, and as several major US cities continue to approve the decriminalization of psilocybin, we believe investors are speculating that the psychedelic boom might be bigger than that of cannabis. PSYC is your source for information on current investments specific to psychedelic drugs and cutting-edge research improving overall health, bringing this sector into the mainstream.

We are dedicated to a forward-thinking approach that embraces breakthrough new technologies and innovations, and through the vision of business development, we intend to continue to evolve into these uncharted territories as industry leaders of the future. .

About Spotlight Media Corporation

Spotlight Media Corporation (“SMC”) (www.spotlightmediacorp.com) is a Nevada corporation and is a wholly owned private subsidiary of PSYC which was incorporated on February 8, 2022. SMC currently operates as a of multimedia services for the medicinal psychedelic industry via Psychedelic Spotlight in addition to the developing community platform, Bonfire (f/k/a “PsycheDev”). However, management intends, but cannot guarantee success or profitability, that SMC’s business plan is to potentially expand beyond the medicinal psychedelic industry through other related opportunities. to multimedia in other niche industries such as cannabis, health and wellness, and sports so that SMC can leverage the audience it is building through its platforms for cross-promotion opportunities and with the aim of developing a network of interconnected media-focused platforms.

Disclaimer of Forward-Looking Statements:

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”, “in progress”, “plan”, “potential”, “predict”, “project”, “should”, “will”, “would”, or the negative form of these terms or other comparable terms , although not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance or results and will not necessarily be precise indications of the times at which or by which such performance or results will be achieved. Forward-looking statements are based on information available at the time they are made and involve known and unknown risks, uncertainties and other factors, including the effect of COVID-19 and the success of current vaccine delivery, the adverse effect of the Omicron variant, which may cause our results, levels of activity, performance or achievements to differ materially from the information expressed or implied by the forward-looking statements contained in this press release. This press release should be considered in conjunction with all Company filings 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 illegal substances, and we do not encourage or condone participation in illegal activities. We support a harm reduction approach for the purposes of education and the promotion of individual and public safety. If you choose to use psychedelics, please do so responsibly.

Corporate Contact:

PSYC Society (PSYC)

www.psyccorporation.com

www.spotlightmediacorp.com

(702) 330-0363

[email protected]

OTCPINK: PSYC