Psychic Friends Network, Inc. Announces CEO Interview and New Acquisition

LOS ANGELES, Dec. 11, 2013

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.