Business
PSYC Acquires Stock Day Media to Help Bolster Revenue Production Capacity
PSYC Acquires Stock Day Media to Help Bolster Revenue Production Capacity.
About this update from Psyc Corporation
[{"type":"text","content":"\n LAS VEGAS, NV, Aug. 31, 2023 (GLOBE NEWSWIRE) -- PSYC Corporation (OTC Pink Market: PSYC) (“PSYC”, “PSYC Corp” or the “Company”), parent company to Spotlight Media Corporation (“SMC” or the “wholly owned subsidiary”), an evolving multimedia holding company and leading media authority for emerging industries such as medicinal psychedelics, is pleased to announce the Company, through its wholly owned subsidiary, Spotlight Media Corporation, has completed the acquisition of the Stock Day Media platform from La Jolla Media, LLC. The deal, which is effective September 1, 2023, is valued at $500K and will be satisfied by the Company through a combination of cash and stock distributions over the course of the next 12 months and contingent upon the achievement of specific net revenue targets mutually established between the Company and Stock Day Media.  The acquisition follows the formation of a strategic partnership between the Company and Target Media that was announced on August 29, 2023 and which, according to the Company, played a strategic role in providing the Company with the initial financing required to execute this acquisition.  Founded in 2013, Stock Day Media has become one of the fastest growing media outlets for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day Media provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Media website contains over 500 hours of resourceful digital content that includes approximately 1,500 podcast episodes published to Audioboom and an estimated 2,000 podcast episodes published to its website. The Company believes there may be an opportunity to leverage the respective service offerings and brand authorities provided by Stock Day Media along with its existing investor awareness-focused platforms such as Technical 420, On the Bids, and Mushroom Stocks to increase its market share within the investor awareness and public relations sectors and to develop this arm of its business operations into a more prominent revenue driver for PSYC.  “We are at ...