She has product on the shelves at Walgreens, Target, CVS, REI and Amazon.Īs of October, 2022, the company is still in business and earns $5 million annually. Even though the Sharks refused a bite of the company, it seems that Psi Bands has found success. With nausea a very real problem for millions of people, they are a popular solution. The FDA’s clearance means that the creator had to prove that her product is “substantially equivalent to a device that is already legally marketed for the same use.” Having gained FDA “clearance,” they are now selling briskly through the website, Amazon, and other retailers. All acupressure bands are drug-free and non-medicated. That’s a figure Romy can’t accept, so she declines the offer and Kevin offers up his famous “you’re dead to me” line he’s out.ĭespite the Shark’s worries about medical claims, the company continues to grow and gain market share. Motion sickness wristbands and bracelets are sold in packs of two and should always be used together, one on each wrist. Wonderful offers $250K for 40% of the company. Daymond says he doesn’t trust Romy, so he’s out. Robert doesn’t like the idea of cancer claims (Psi Bands help relieve nausea associated with chemotherapy), so he’s out. Mark is leery about the medical research, he’s out. Romy also reveals she has $600K in debt, some of which is calculated to account for back salaries.īarbara doesn’t like the idea of company debt financing back salaries, she’s out. She reveals she has over $1 million in sales for the year (she told me in an interview she is rolling out in 7,500-8,000 additional retail outlets in 2013). Romy explains there are medical studies that prove the effectiveness of acupressure wrist bands (they’ve been around for many years – Psi Bands are just a new spin on an old idea). Romy came into the Shark Tank asking for $250k for a 10% share in the business. PSI Bands (pronounced Sigh Bands) are currently available at REI, Whole Foods, pharmacy chains, & online and cost about $15. Entrepreneur Magazine calls them a 'strokes of genius. Boaters have been using acupressure wristbands for years to combat seasickness and Romy wants to sell to the boating crowd, but they’re also marketing to moms with morning sickness and chemotherapy patients. Psi Bands Acupressure Wrist Bands for The Relief of Nausea Racer Black Visit the Psi Bands Store 3.9 2,803 ratings 67 answered questions Color: Racer Black About this item An 'O, Oprah Magazine' O Pick. Other acupressure wristbands on the market look like tennis wristbands they don’t look good and they aren’t waterproof. Our payment security system encrypts your information during transmission. Acupressure wrist bands have been around for quite a while, PSIBands has packaged the concept into something resembling a wristwatch band. Buy Now Payment Secure transaction Ships from Amazon Sold by Psi Bands Returns Eligible for Refund or Replacement Details Payment Secure transaction We work hard to protect your security and privacy. The pressure relieves nausea – without drugs. Acupressure wrist bands apply pressure at a point on the wrist, just below the thumb. They are a fashionable twist on a tried and tested solution to nausea and motion sickness. PSI Bands “momtreprenuer” Romy Taormina pitches the Sharks in episode 420.
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