Your psp is bricked! You should call sony as they can fix it or if its newer you can swap it for a new if you have a warrenty!
Sounds like your PSP is bricked. What this means is that the system software is corrupted, therefore the PSP is as good as a brick but fear not!
The following website can un-brick the system (reload the system software) onto the PSP for $29!
http://www.richspsxparts.com/forms/pspunbrick.htm
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