Psi Bands, an Acupressure band for nausea relief, was started by Romy Taormina on November 4, 2007. As of September 2023, Psi Bands net worth is $3.5 Million and they’re pulling in a whopping $5 Million in annual revenue.
On March 1, 2013, they appeared on Season 4 of Shark Tank USA seeking $250,000 for 10% equity valuing the company at $2.5 Million. But the Sharks were not interested in investing in Psi Bands. Kevin was interested and offered Romy the $250,000 for 40% but Romy Taormina refused the offer.
Psi Bands is still in business as of August 2023. They are selling their products through retailers such as on the website and Amazon.
Psi Bands Net Worth
| Net worth | $3.5 Million (2023) |
| Annual Sales Revenue | $5 Million (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | No deal |
| Founder | Romy Taormina |
| Employees | 25 |
Psi Bands Net Worth Timeline
| Net Worth 2023 | $3.5 Million |
| Net Worth 2022 | $2.5 Million |
| Net Worth 2021 | $1.5 Million |
| Net Worth 2020 | $1 Million |
| Net worth valuation in 2013 before appearing on Shark Tank | $2.5 Million (Business valuation) |
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 | – |
| Location | USA |
Psi Bands Founder
Psi Bands was founded by Romy Taormina 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 2023.
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 Psi Bands and its continued success.