LAS VEGAS, April 25, 2012 /PRNewswire/ -- The Psychic Friends Network (OTCBB: PFNI)
"… the prevalence of such technologies as online chat, FaceTime, mobile text messaging, and social networking has created an environment in which psychic services can thrive online and on mobile devices rather than rely on phone lines." -- PFN CEO Marc Lasky
The Psychic Friends Network is pleased to announce that they have been showcased in Bloomberg Businessweek.
As the Businessweek article reports, the once highly popular Psychic Friends Network (PFN) is back – and this time, it's a publically traded company.
Throughout the 1990s and early 2000s, PFN established itself as the second-highest grossing infomercial in television history, according to the Baltimore Sun. And now, more than a decade later, the former blockbuster TV program is attempting to rise anew in a decidedly different format.
"From a business perspective, the Psychic Friends reprise raises the question of whether an entity that was once such an integral part of the broadcast media can now make the transition into the online realm of social media," said PFN spokesperson Carter Clews.
"And from a human-interest perspective, the PFN revival provides a case study in the time-honored father-son dynamic. People will be interested in seeing whether the younger Lasky can replicate online the remarkable success story the elder Lasky spawned on air."
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 daily and weekly horoscopes. PFN connects professional live psychic readers 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 with memorable television/radio marketing and infomercials generating nearly $1 Billion in revenues. Since then the psychic market has grown immensely to an estimated $2 Billion a year in the US alone. 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
To learn more about our online operation visit http://www.PsychicFriendsNetwork.com
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; (4) the actions of competitors, including pricing and new product introductions; (5) the Company's forecasts for overhead costs and growth; (6) the growth of the psychic industry; (7) the impact of social media and other current technology on the Company's business; and (8) the Company's ability to gain market share in the psychic industry.
SOURCE Psychic Friends Network, Inc.