PSYC Receives Additional Capital at 10x to Finalize 2019 Audit and File Registration Statement
May 12 2020 - 7:30AM
InvestorsHub NewsWire
PSYC Receives Additional
Capital at 10x to Finalize 2019 Audit and File Registration
Statement
SAN DIEGO, CA -- May 12, 2020 --
InvestorsHub NewsWire -- Global Trac Solutions, Inc. (OTCPink:
PSYC) (“Global” “PSYC” or the “Company”) is pleased to announce
that, as a continuation of the capital support provided by a key
investor and significant show of support for the Company’s
psychedelics initiative, the Company has received additional
funding at 10x valuation to finalize the 2019 Audit, which the
Company believes is on track to be finalized within the coming
days.
“It has been incredibly
challenging work to get this Company’s financials in an auditable
position, but as we are now approaching the finish line with this
process, I am excited to be closer than we have ever been before to
becoming the fully transparent Company I have envisioned since day
one as CEO,” said Global Trac Solutions CEO, Vanessa Luna. “We are
very fortunate to have this incredibly critical and beneficial
financial support made available to us, and especially when we are
so close to successfully completing the audit and achieving our
long-standing objective of filing our Form-10. I remain cautiously
optimistic that in the coming weeks we could very well be in a
position to announce the filing of our Form-10, and I would like to
extend my thanks and gratitude to our valued share and stakeholders
who have demonstrated a tremendous level of faith and patience
throughout this process.”
Becoming fully reporting will
represent a major milestone for the Company and illustrates the
dedication to transparency Ms. Luna has continuously promised. This
move could also place the Company in a much more competitive
position with the potential to open doors to new partnerships and
capital opportunities, which the Company will look to leverage as
it moves full steam ahead with its foray into the booming medicinal
psychedelic market space.
About Global Trac Solutions, Inc.
(OTC Pink:PSYC)
Global Trac Solutions is a
diversified holding company dedicated to identifying new and
emerging industries. By utilizing our years of business development
expertise our diverse team of innovators continuously leverages our
experience to effectively execute go-to-market strategies in order
to position ourselves for rapid growth through the creation of an
evolving business foundation to enhance profitability
potential.
Since 2017, PSYC has been a
pioneer in the emerging software and payment processing sector of
the cannabis industry and has established itself as a trusted
resource for businesses operating within the industry. Today, PSYC
through its network of partners and affiliates, continues to
connect businesses throughout the cannabis industry with critical
solutions and services ranging from payment processing technology,
cutting-edge software, and ancillary services vital to compliant
and effective business operations.
Most recently, 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, 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 believe in 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. We truly are the right TRAC to
follow.
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 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.
Corporate
Contact:
Global Trac Solutions, Inc.
(PSYC)
www.globaltracsolutions.com
(619) 925-3202
info@globaltracsolutions.com
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