LOS ANGELES, Dec. 11, 2013 /PRNewswire/ -- The Psychic Friends
Network, Inc. (OTCQB: PFNI), a marketing and entertainment company
providing on-demand psychic advice for over two decades, who once
dominated the TV airwaves, is announcing a CEO interview by
SmallCapStreet.com and acquisition of Psychic-Friends.com keeping
in line with industry-wide expansion model.
PFN CEO Marc Lasky turns to
SmallCapStreet.com to conduct CEO interview. This interview
provides Mr. Lasky's personal insight into the recent news
regarding PFNI, which includes the history, significant recent
events, and he reviews the roadmap for PFNI's success.
For the full audio interview please visit use this link: PFNI
CEO Interview with Marc Lasky
The purchase is the second of numerous such moves now underway
as PFN begins the process of acquiring various competing psychic
services and properties to help grow and expand the Psychic Friends
Network brand globally. The company's goal is to again become the
world's leading provider of psychic advice services.
PFN CEO Marc Lasky said, "Our
goal is to once again dominate the psychic service industry, just
as we did when we pioneered the concept two decades ago. Right now,
the industry is fragmented. We believe we can provide a better
product to customers around the globe by consolidating and
expanding psychic services, and once again controlling their
quality."
The psychic services industry that the Psychic Friends Network
is now moving to dominate is considered by financial analysts to be
a highly lucrative marketplace. According to a recent report from
IBSWorld Market Research, over the five years from 2007 to 2012,
while most other industries were suffering the ill effects of an
economic downturn, the psychic services industry grew at an average
annual rate of 2.0% to an estimated $2.1
billion.
According to the IBSWorld report, "There are no companies with a
dominant market share in this industry." It is that potential for
growth that is spurring the Psychic Friends Network to begin buying
out its competitors and seeking to once again dominate what it
considers a major growth industry.
About Psychic Friends Network
The Psychic Friends Network, Inc. ("PFN") is a marketing and
entertainment company providing 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.
To learn more about PFN corporate and investor relations, visit
The Psychic Friends Network Investor Relations
To learn more about PFN 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; and (4) the actions of
competitors, including pricing and new product introductions.
For future updates on PFNI use this link: PFNI Updates
SOURCE Psychic Friends Network, Inc.