PsyKey Inc. Prepares to Enter $23 Billion Global Box Subscription Market With its Functional Mushroom Products

Rhea-AI Summary

CeCors, Inc. (OTC PINK:CEOS) announces the launch of its monthly coffee subscription services through its subsidiary, PsyKey Inc.. Targeted for corporate and individual consumers, the subscription aims to tap into a rapidly growing retail segment projected to exceed $65 billion globally by 2022. The corporate service will offer custom-designed subscriptions, while the individual program is set to launch in September 2022. These services utilize premium, ethically sourced Arabica coffee and functional mushrooms to promote convenience and quality.

Positive

• Launch of corporate and consumer coffee subscription services expected to generate revenue.
• Projected market for coffee subscriptions is over $65 billion globally by 2022.
• PsyKey's focus on high-quality, ethically sourced coffee may attract health-conscious consumers.

Negative

• No specific financial metrics provided to gauge immediate impact or success.
• Potential risks mentioned, including lack of revenue growth and increased litigation costs.

CARSON CITY, NV / ACCESSWIRE / August 15, 2022 / CECORS, INC. (OTC PINK:CEOS) ("CeCors" or the "Company"), through its wholly-owned subsidiary PsyKey Inc. proudly announces the launch of its corporate and consumer coffee subscription services. The monthly subscription model, designed to provide convenience to benefit both workplace settings and the loyal brew-at-home consumer, is one of the fastest growing revenue-producing segments in the retail sector - one that is anticipated to surpass $65 Billion by 2022 globally.

The Subscription service will be offered in two formats - Corporate and Individual. The initial corporate service will be a custom-designed subscription, curated by PsyKey staff, that will best suit the company's needs based on the number of locations, employees, and client interactions. This service and engagement can be found in the Corporate Sales section of www.psykeyworld.com. The Individual Subscription enrollment program will launch in September 2022. Both formats will provide the convenience of auto delivery and the added value of discounted billing.

As indicated in Coffee Club Subscription Industry Trends and Statistics by Nicole Georgiev, "83% of Americans drink coffee and 64% of Americans drink a cup every day. To put that into perspective, only about 56% of Americans say they've had an alcoholic beverage in the last month. Of those who drink coffee in the U.S., the average coffee drinker enjoys 3.1 cups per day.

The frequency with which the United States enjoys this particular commodity is a huge boost to the national economy. To quantify that, the average cup of coffee costs $0.58 to brew at home and $1.75 at a coffee shop.

And to quantify that at a higher level, consumers spend over $74 billion on coffee and the coffee industry generates over $68 billion of income per year. That's not the total monetary value, as the GDP uses, but strict income."

"Coffee is a staple of our daily routine. Our incredible sales team has been receiving wonderful feedback about the taste, quality, and functionality of our coffees, the team has also identified the desire for re-occurring subscription services. We truly believe having high-end, quality, and functionality is what sets us apart, and being able to offer convenience and a discount to consumers and corporate partners is very exciting to us. We always say Optimize Your Routine, it's become the mantra behind our coffee, and it makes absolute sense for employers to potentially improve their employee's productivity, immune health, or stress management without the need to introduce anything new. The amount of coffee drank in the workplace is astronomical, we don't want anybody to change a thing, we just want to help optimize the routine." Stated Amar Bhatal President of PsyKey Inc.

With the Canadian coffee market exceeding $18 billion and the US Coffee market exceeding $48 billion, in addition to the current $27 billion functional mushroom market in North America. PsyKey functional mushroom-infused coffees are not only on trend, they provide incredible functional benefits that are designed to taste amazing and provide unmatched efficacy. The team at PsyKey focused on developing a product with the highest quality ingredients from 100% ethically sourced Arabica coffee beans and whole, full-body functional mushrooms - that have been third-party tested and quantified. Psykey takes extreme pride in the quality of its premium functional coffee and will maintain these high standards in all of its product offerings.

Interested customers are encouraged to visit WWW.PSYKEYWORLD.COM to learn how Psykey can help "Optimize Your Routine".

Sources: Coffee Club Subscription Industry Trends and Statistics, Statista, Grand View Research & Imark Group

For further information:

Publicly traded company (OTC PINK:CEOS) Website: www.psykeyworld.com
E-mail: info@psykeyworld.com
Follow us on Twitter: https://twitter.com/PsyKeyworld

Forward-Looking Statements:

Safe Harbour Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences to include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements

in performance, efficiency, and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.

SOURCE: CeCors, Inc.

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https://www.accesswire.com/712094/PsyKey-Inc-Prepares-to-Enter-23-Billion-Global-Box-Subscription-Market-With-its-Functional-Mushroom-Products

FAQ

What are the details of CeCors, Inc.'s coffee subscription service launch?

CeCors, Inc. launched monthly coffee subscription services through PsyKey Inc., targeting both corporate and individual consumers, with corporate service available now and individual service launching in September 2022.

What is the target market size for coffee subscriptions according to CeCors, Inc.?

The target market for coffee subscriptions is projected to surpass $65 billion globally by 2022.

What type of coffee is offered in CeCors, Inc.'s subscription service?

The subscription service offers high-quality, ethically sourced Arabica coffee and functional mushroom-infused products.

What risks does CeCors, Inc. mention in their press release?

CeCors, Inc. mentions risks such as lack of revenue growth, client discontinuances, and increased litigation costs that could impact future performance.