PSYC's Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th

LAS VEGAS, NV, Aug. 25, 2022 (GLOBE NEWSWIRE) -- PSYC Corporation 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 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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