![]() ![]() The pressure alleviates nausea without the need of medications.Īcupressure wristbands have been available for a while, but PsiBands has combined the concept into a wristwatch band. Wrist acupressure bands provide pressure to the area of the wrist just below the thumb. The only thing that eased her nausea and vomiting were acupressure wrist bands. ![]() Romy experienced terrible morning sickness throughout each of her pregnancies. She graduated from California Polytechnic University, San Luis Obispo, with a business degree. She and her spouse have been married for 25 years and have two adult boys. Psi Bands’ CEO and founder is Romy Taormina. She has also received a bevy of business-related accolades. She still has the same position, in addition to giving talks and doing promotional activities, such as appearing on Oprah. PsiBands’ CEO and founder is Romy Taormina. These wristbands provide pressure to the Neiguan pressure point, relieving nausea while remaining trendy! Users must wear a Psi Band on both wrists for the full effect, which comes as a pair. Nausea is a common side effect of post-operative anesthesia and chemotherapy. NO DEALīoth Mark Cuban and Daymond John both said they Do Not TRUST HER.PsiBands is appealing wristbands that utilize acupressure to alleviate nausea caused by motion sickness, morning sickness, and chemotherapy as a non-drug option. It appears that she came in the Shark Tank and had no intentions of negotiating as she steadfastly sticks to the 10%. Taormina instantly says no and refuses to make a counteroffer. They all go out except for Kevin O’Leary who is the only one to make an offer for the $250k but wants 40% of the company. Yes, she actually had the balls to ask the sharks to cover her past salary with their investment in the company. She also has $600k in debt that includes past deferred salaries from years ago which instantly turns all the Sharks off. They are already in over 6000 retail stores across the country with a gross profit margin of only 11% (a hundred grand). ![]() Robert Herjevic is the first to ask about sales for the last year when Taormina responds “almost a million dollars. Romy came into the Shark Tank looking for a $250k investment for a 10% stake in the acupressure business valuing it at $2.5 million. ![]() There’s more to this story then meets the eye, and unfortunately, we all have to wait until this Friday Night on ABC to see how this all plays out. Deal or No Deal, they’re still obligated to give the producers of the Shark Tank a percentage of the acupressure business. In fact, the more I dig, the more I wonder what could the Sharks even offer this business? Maybe provide additional working capital to keep up with demand? Could be, but it seems this company’s already way past that point, so there must be another reason to even consider coming to the Shark Tank and give-up part equity. Maybe a QVC play to help further the Brands awareness? No, they’ve already been on QVC as early as 2008. With an already clearly established product available in some of the most recognizable stores in the country, this should be a very interesting round of negotiations for the Sharks. A partial list of just some of the stores already carrying Psi Bands includes Toys-R-Us, Babies-R-Us, Rite Aid, Wholefoods, CVS, Walgreens, and Target stores. Psi Bands are arguably the most attractive acupressure bands on the market and many retailers have already taken notice and already sell this brand. When Taormina had severe morning sickness during her pregnancy, she designed a more fashionable attractive alternative. ![]()
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