Psi Bands from Shark Tank

psi bands shark tank

PsiBands are wrists bands that are clinically proven to relieve nausea. They apply acupressure to make a difference in the intensity of nausea.

The founder of Psi Bands, Romy Taormina, always wanted to run her own business, and she found a great idea when she was dealing with her own nausea. Two pregnancies made her experience numerous days of morning sickness, and she discovered that wrist bands that apply acupressure relieved her symptoms. She couldn’t find a product in the market that gave her satisfying results, so she introduced the idea of Psi Bands to the world. They are comfortable and easy to use. Psi Bands are medically proven devices that are sure to alleviate nausea from any sort of conditions.

What Do They Make?

Psi Bands are bands that use natural concept of acupressure, which means there are no drugs involved. Nausea is a very uncomfortable condition for people who are suffering from it, and Psi Bands provide a stylish and snug solution for the problem.

Psi Bands are clinically proven to provide relief from motion and morning sickness, and this fact is backed up by multiple research projects. The details can be found on the website’s research section.

What Makes Them Unique?

It is a natural method to relieve nausea. The bands are fashionable, affordable and comfortable. They can be easily adjusted according to the wrist size. It looks like a watch and provides a specific pressure at the Nei-Kuan acupressure point, which is clinically proven to relieve a person of nausea.

Are They Still an Active Company?

The company is still in business.

PsiBands can be bought online from their website and they are also available in stores. They are available in different colors and designs. Some of their retail partners are Amazon, Target, and pharmacies like CVS.

How Did the Shark Tank Pitch Go?

Before PsiBands appeared on Shark Tank, the company already had established partnership with a lot of retail stores in the country and made an appearance on QVC.

Rony began her pitch by introducing the PsiBands to the Sharks. She was wearing a band on her wrist. She told them that the product was patented and FDA-approved. The acupressure wrist bands were used for relief from nausea. She said that she herself wore the acupressure bands during her pregnancies.

She invited the Sharks to invest in a company that was already profitable.

Rony came into the show looking for a $250,000 investment for 10% equity in her business. Robert asked about the sales for the last 12 months. Rony replied that sales for the last year were almost a million dollars. She said that the company was selling nationally and internationally and was already in 6000 retail stores throughout the USA.

Robert asked what profit did the company make, and Rony replied that they made an 11% profit. Robert then asked her why the profit was so low. Rony revealed that she hasn’t been taking salaries from the business and is parking that as debt of $600,000. This didn’t sit well with all the Sharks. Robert commented that just because she didn’t pay herself in the past, she considered that debt.

The statement made by Rony gave the impression that she needed the investment by the Sharks to pay off all her past salaries.

Mark asked her about the percentage of people the PsiBands didn’t work on, and Rony replied that the bands have an individualized response from the users and she cannot exactly tell him who it does or does not work for. She called out Mark to be her biggest critic and that she has already dealt with cynicism towards her before. Mark continued that she didn’t have any ongoing R&D and she only believes that her product works, but doesn’t have solid claims for it.

All the Sharks were out except Kevin, who made an offer of $250K, but he wanted a 40% stake in the company. Rony refused and didn’t even make a counteroffer. She believed that she could take the company much further than that and that her 10% offer was very reasonable and fair.

It appeared that she wasn’t on the show to negotiate and make an offer, and both Mark Cuban and Daymond John said that they didn’t trust her.

Rony didn’t strike a deal with any of the sharks, but after her appearance on the show, PsiBands gained partnerships from a lot of retailers including CVS, Target, and Amazon.

Our Review of Psi Bands

Psi Bands look modern and stylish and they work well with nausea related to motion sickness. They are great proof that acupressure technique works well for nausea treatment. The bands are adjustable and they can be worn tight or loose according to the requirement of the user. The pressure can be easily adjusted using the pressure knob. The PsiBands are waterproof and they can be worn during swimming or bathing.

Pros of Psi Bands

  • A non-invasive solution to nausea
  • Affordable and easy to use
  • They are waterproof and reusable
  • They do not stretch out over time
  • The bands can be worn during MRIs or other scans since they are made of plastic.
  • They are adjustable around the wrist and according to the acupressure point.

Cons of Psi Bands

  • The color and print of the bands can crack and wear away after some time.

Who Is Psi Bands For?

PsiBands can be used to relieve nausea that is caused by motion sickness, morning sickness, or chemotherapy. They are also popular among pregnant women who experience frequent nausea.

They can also be used by people when they travel or go to amusement parks, as nausea is frequently associated with the sickness that is experienced in these places.

Are There Any Alternatives?

  • Reliefband Classic Motion Sickness Wristband
  • Sea-Band Anti-Nausea Acupressure Wristband

Our Final Thoughts:

Psi Bands are a cute and affordable option for people who experience frequent nausea. They are comfortable enough to be worn for longer periods and work well for a lot of people. However, there are some negative reviews on Amazon as well, regarding the band size and the ineffectiveness of Psi Bands.