The Psychic Friends Network Is Back -- With Brand New State-Of-The Art-Technology

HENDERSON, Nev., May 15, 2012 /PRNewswire/ -- Psychic Friends Network, Inc. (OTCBB: PFNI), a marketing and entertainment company providing on-demand psychic advice as well as daily and weekly horoscopes announced today it is re-launching its iconic brand, the Psychic Friends Network.

"The same company that pioneered the psychic industry is back," announced PFNI CEO Marc Lasky, "and we are well positioned to once again dominate the growing industry. With the same management team that generated hundreds of millions in sales, attracted more than ten million customers, and made the iconic 'Psychic Friends Network' a household name, we are set to launch a new online service with 21st Century technology."

PFNI is re-launching its legendary brand using a customized state-of-the-art online platform. The new platform has integrated social networking with its own proprietary technology to enable customers to interact with live professional psychics via telephone (smart, mobile and landline) as well as through their computers, laptops, and hand-held devices. For the first time, Psychic Friends customers will be able to speak with psychics through video, voice, or text.

Customers will visit PsychicFriendsNetwork.com to browse psychic profiles, review information about their specialties, and read reviews, ratings, and comments from PFN customers.  They can then communicate with their psychics by quickly creating an account and securely purchasing minutes/credits. 

The site provides a Members Area for customers to set up a profile, view and manage their information, including reporting and usage as well as transaction history.  Customers will be able to disseminate information about their psychic experience through their social media accounts and be incentivized to do so with free credits.

Each psychic will have a profile with a unique URL on PsychicFriendsNetwork.com in which they can they can point to their own domain name and/or use as their official website.  When logged in to their profile, psychics can connect with customers and will have full access to the PFN back office. 

The back office provides PFN psychics with such tools as training materials and marketing resources.  All information about their account will be available; including, reporting, statistics, sales and commissions earned.  The psychic profiles will be fully integrated with social media and the psychics' individual Twitter and Facebook pages. 

"The psychic industry has continued to expand since we helped brand it in the 1990's," said Lasky. "With today's technology, our strong social media component and well-established brand, I believe we are well poised to once again become the market leader, with an even lower overhead cost and faster growth pattern than the original PFN.  Our brand recognition, the social media streams, and the multiple connectivity options of our new software will position PFN to rapidly gain market share and once again become the leader in a growing, but underserved industry,"

About Psychic Friends Network, Inc.

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 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 hundreds of millions 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 original "Psychic Friends" brand is working together again; this time with the clear advantage of the internet, social media, and more efficient methods for billing as well as more productive and economical communication technology.

To learn more about PFNI technology and management, visit the corporate website at http://www.PsychicFriendsNetwork.com/investor-relationsTo learn more about online PFN operation, visit www.PsychicFriendsNetwork.com, or visit their Twitter or Facebook page.

Public Relations:
The Psychic Friends Network, Inc
[email protected]

Investor Relations:
+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; (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.

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