Psychic Friends Firm Goes Bankrupt

Share this content:
Perhaps even the Psychic Friends could not have predicted it. Inphomation Communications Inc., Baltimore, MD, filed for Chapter 11 bankruptcy protection last month, marking near-demise of another infomercial marketing company.


Known mostly for its infomercial for the Psychic Friends Network, starring Dionne Warwick, Inphomation listed in a preliminary filing assets of $1.2 million and liabilities of $26.3 million. The company also marketed the Helicopter Lure fishing device, the self-help program Barbara DeAngelis' "Making Love Work" and the WalkVest Training System.


A lawyer for the company, James C. Olson of Baltimore, could not be reached for comment about the future of the firm, owned by Michael Warren Lasky.
Loading links....

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here