In 2007, Romy Taormina founded Psi Bands to provide stylish acupressure wristbands for nausea relief. Despite not securing a deal on Shark Tank in 2013, the company has thrived, achieving an estimated net worth of $3.5 million.
Moreover, the company now generates $5 million in annual revenue. Psi Bands are available through major retailers like Target, CVS, and Amazon.
The company has not been acquired and continues to operate independently, focusing on expanding its product line and market reach. Notably, Psi Bands received FDA clearance, affirming their safety and effectiveness.
Psi Bands Net Worth
| Estimated Net worth | $3.5 million (2024) |
| Annual Sales Revenue | $5 million (2024) |
| Lifetime sales | Not available |
| Investor | No deal |
| Founder | Romy Taormina |
| Employees | 25 |
Psi Bands Pitch on Shark Tank
| Company name | Psi Bands |
| Product | Acupressure band for nausea relief |
| Episode | Season 04 Episode 18 |
| Founder | Romy Taormina |
| Asked for | $250,000 for 10% equity |
| Final deal | No deal |
| Sharks | None |
| Location | USA |
Don’t miss these products from Season 04
Psi Bands Founder
Romy Taormina founded Psi Bands in 2007. Taormina created PSI bands during her pregnancy. She wanted to stop the nausea relief of women when they are pregnant. Psi Bands’s founder, Romy Taormina, has a net worth of $2.5 Million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2023 | Psi Bands had deals with Target, CVS, REI. |
| 2018 | Psi Bands is committed to making a positive difference in people’s health. |
| 2013 | Romy Taormina pitched her product on Shark Tank. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.