![]() 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.” For me, the knobs function more like a fidget toy. Having gained FDA “clearance,” they are now selling briskly through the website, Amazon, and other retailers. Unlike some other acupressure bracelets, Psi Bands are adjustable and have little dials that increase or decrease the pressure to your wrists. 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. 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. 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. Both bands should be worn at the same time. The button should be facing in and the dial should be facing out. This placement is known as the Nei-Kuan acupressure point. Other acupressure wristbands on the market look like tennis wristbands they don’t look good and they aren’t waterproof. Wrist Bands, Drug-Free, Nausea Relief 2 bands Size: one size fits most. Place one band on the inside of each wrist, 2 1/2 finger-widths above the center of your wrist crease between the wrist tendons. Acupressure wrist bands have been around for quite a while, PSIBands has packaged the concept into something resembling a wristwatch band. 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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