In short: yes.
Press Releases are still relevant today and in fact, for some businesses they are actually a requirement (and not just for SEO). It’s true, sometimes Press Releases can negatively affect SEO if they are not done in the right way (aka spam).
The type of Press Release service we provide at Loganix are press releases and syndication done right. Our service is designed to get your content on big news sites so you can increase the chances of getting picked up by other sites and landing high-quality backlinks.