No use of drugs, no gel and no side effects, comfortable and reliable 【Safety Approved】: With an 85% success rate according to our clinical trials, the EmeTerm Anti-nausea Wristband is the FDA-cleared, all-natural wearable solution for nausea and vomiting.Currently, Psi Bands is worth an estimated $3 million. On Amazon, their bestselling wristband design has an average star rating of 3.9 from 2,781 customer reviews. You can also find their products online at Amazon and their official website,. Psi Bands later got partnership deals with major retail brands including Target, CVS, Pharmaca, Walgreens, H-E-B, and REI. This reminded me of the Minus Cal pitch where things got heated with Cuban! The Sharks in particular scrutinize founders anytime they make medical claims. Some viewers also didn’t like how the company claims to help with nausea for chemotherapy. The fact her episode was controversial made for an entertaining watch and has driven a lot of free publicity for her brand. Kevin O’Leary offered $250,000 for 40% but Romy rejected as the equity was too high.Īlthough the pitch didn’t go as planned, Romy is still operating the business. The Sharks were annoyed as it’s normal for entrepreneurs to not take a salary. She revealed the company had $600,000 in debt which included her $100,000 deferred salary. From $1 million in sales, she only made a net profit of $110,000. The presenter revealed her impressive sales, but the Sharks were disappointed with an 11% profit margin. The Sharks were skeptical of the product and they weren’t convinced she had enough medical proof to show it works. She appeared on Shark Tank seeking $250,000 for a 10% equity stake. In 2013, Romy Taormina was already selling internationally but needed to raise capital to keep up with demands. In 2012, the business made nearly $1 million in sales. Apart from moms and hospital patients, she marketed them to boating communities because they were waterproof. In 2006, they were launched under Psi Health Solutions. After researching the market potential and getting clearance from the Food and Drug Administration (FDA), the Psi Bands were released. She designed her own version of the product and made them to fit her needs. However, Romy wasn’t satisfied with them as they weren’t stylish or waterproof. She used existing acupressure wrist bands to avoid vomiting and nausea. While pregnant, Taormina suffered terribly from morning sickness. In 2021, she tried something new by becoming a program coordinator at Leadership Monterey County, conducting classes and outreach to community leaders. Psi Bands has now been in business for around 17 years. After graduating, she pursued her dream of starting a company. At university Romy became a member of the American Marketing Association. Growing up she felt passionate about entrepreneurship. Taormina got a bachelor’s degree in business and marketing from California Polytechnic State University. Romy Taormina is a mom of two from Pacific Grove, California. As of 2023, Psi Bands is worth an estimated $3 million. Founder Romy Taormina pitched her product on Shark Tank but wasn’t able to get a deal. The company mainly helps people suffering from morning sickness and motion sickness. Psi Bands are acupressure wrist bands that claim to help with nausea relief.
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