Psychic Friends Network expansion (Updated)

The Psychic Friends Network, Inc. Goes Public Following Reverse Merger with Web Wizard, Inc.

The Psychic Friends Network PFNI 0.00% (PFN) has listed on the NASDAQ over-the-counter Bulletin Board (OTCBB) stock exchange. Following the reverse merger with Web Wizard, Inc., the Company will now be trading under the symbol “PFNI”.

“Our transition to being a public company creates enormous opportunities for us to expand our business even faster than we have as a private company. The credibility that comes with being a U.S. publicly listed company is of critical importance to investors and we are delighted to be able to meet that qualification. Now we can fully concentrate on the execution of our business plan and re-establish ourselves as an industry leader,” said Marc Lasky, CEO of PFN Holdings Corp.

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.

Source: MarketWatch press release

Oh yay. Let’s have MORE psychic entertainment. Ugh.

This is a BRAND. And, in light of today’s continued popularity with psychics, it’s a very marketable one, to the tune of 2 Billion dollars a year.

2 Billion dollars a year!

As many in my rational friends network (RFN) would say, let’s get back to work.

More from Business Week:

With three full-time employees, the company has been gearing up for a relaunch. About 50 psychics—all independent contractors—are listed on the website, and a few hundred more may join within the year depending on demand, says Lasky. He raised $750,000 for technological improvements and listed the company on the OTCBB to raise money to complete them so customers could be served, and billed, on multiple new platforms.

The rest will be put into marketing, he says. He hasn’t yet selected a celebrity spokesperson.

  3 comments for “Psychic Friends Network expansion (Updated)

  1. April 19, 2012 at 11:40 AM

    Wow! Could this be the same PFN that declared bankruptcy in the late 90’s? The one Dionne Warwick was the TV spokesperson for? The joke at the time was that with all of those psychics, none of them predicted the trouble they were in.

    The Skeptic Friends Network lifted their name, partly as a joke. The bankruptcy occurred a few months after we came into existence, which made us very happy. I’m a bit blown away that they are still around and apparently doing just fine.

    Go figure.

  2. April 20, 2012 at 10:20 AM

    Yep. Same crew!

  3. Z
    April 22, 2012 at 5:22 AM

    I fondly remember an SNL skit called “Christopher Walken’s Psychic Friends Network.” He could be in your house, right now, warning you of danger.

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