Psychic Friends Network Announces Agreement with Leading Website Development and Social Media Marketing Firm

LAS VEGAS, May 30, 2012 /PRNewswire/ -- The Psychic Friends Network (OTCBB: PFNI), a marketing and entertainment company providing live on-demand psychic advice announced today that it has entered into a development agreement with New Media Plus (NMP) to equip PFNI with the latest cutting-edge website development and social media platforms.

Working with NMP, PFNI will become the first and only psychic service offering customers a full range of telephonic, online and mobile services. These services will include a complete telephone platform (including dial in, and click to call), a fully billable chat platform (including audio, video and text chat), an interactive SMS text-messaging program, and state of the art mobile applications.

In another first for a psychic service, PFN will also begin providing each of its psychics with their own PFN-branded website and Facebook pages, providing instant and direct access to PFN psychics.

PFNI Chief Executive Officer, Marc Lasky said "The relationship between NMP and PFNI is a winning combination, and we are excited about partnering with a company that brings such exceptional web expertise to the table. For the first time ever in the psychic services field, customers will be able to utilize any of the very latest internet technologies in order to get their psychic guidance anytime, anywhere."

NMP Chairman and Chief Executive Officer, Brett H. Pojunis said, "We are very excited to work with such an iconic brand as PFNI.  We spent a lot of time working with PFNI to fully understand their business model and are developing their platform to achieve maximum success through social media.  The custom platform combined with the strong brand recognition of PFNI will lead to the immediate success and market acceptance of the re-launch of their brand!"

About New Media Plus, Inc.

NewMediaPlus provides cost-effective, real-time solutions for social media, Web development, graphic design and online advertising.  NewMediaPlus delivers the highest level of customer service through 1-on-1 interaction over the phone, online or in person to help businesses develop and maintain their Internet presence.  New Media Plus has been working with public companies since 1999. To learn more about our services, visit www.NewMediaPlus.Com, and to view our social media marketing blog, visit www.NewMediaPlus.Net.

About Psychic Friends Network, Inc.

Psychic Friends Network, Inc. ("PFN") is a marketing and entertainment company that provides on-demand psychic advice as well as tarot readings and weekly and daily horoscopes.  PFN connects professional live psychics with customers via telephone (mobile and landline) and through their newly developed state-of-the-art online platform enabling interaction with video chat, voice or text chat.

PFN pioneered the psychic industry throughout the 1990's with memorable television/radio marketing and infomercials generating over $1 Billion in revenues.  Since then the psychic market has grown immensely to an estimated $2 Billion a year.  The same management team who built the iconic "Psychic Friends" brand is working together again; this time with the clear advantage of the internet, social media, and easier methods for billing and better communication technology.

Please visit our corporate website at http://www.psychicfriendsnetwork.com/investor-relations.  To learn more about PFN, visit www.PsychicFriendsNetwork.com.

Investor Relations Contact:

+1-866-363-3984
[email protected]

Disclosure Regarding Forward-Looking Statements

This news release contains forward-looking statements, including statements containing the words "believes," "anticipates," "expects," "intends" and words of similar import. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that the Company believes might cause such differences include: (1) concentration of the Company's assets into one industry segment; (2) the nature of the Company's business (as defined herein); (3) the impact of changing economic conditions; and (4) the actions of competitors, including pricing and new product introductions.

SOURCE The Psychic Friends Network