InnerScope Hearing Technologies, Inc. (OTC PINK: INND) Heats Up As Hearing Aid Pioneer Completes Acquisition of Hearing Assist

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InnerScope Hearing Technologies, Inc. (OTC PINK: INND) is climbing explosively in the rankings, trading $ 3.3 million in volume of dollars on Monday alone after the company announced it has completed the acquisition of Hearing Assist II, LLC. HearingAssist is an established leader in the direct-to-consumer hearing aid market with over 500,000 hearing aids sold and revenues of over $ 72 million since 2018 and is Walmart’s largest hearing aid supplier. HearingAssist has deployed product displays in 757 Walmart stores in five states. HearingAssist offers a full line of affordable, high-quality rechargeable hearing aids, a digital TV listening device and various hearing aid accessories. In addition, HearingAssist also has an exclusive distribution intellectual property right and the ability to purchase two patents for its hearing aids.

The acquisition of HearingAssist is expected to rapidly accelerate InnerScope’s growth and revenue strategy with immediate sales generated by HearingAssist’s hearing product kiosks located in Walmart stores. InnerScope expects to report record revenue from the fourth quarter of 2021 and will continue quarterly thereafter. Additionally, InnerScope and the HearingAssist leadership team have already launched an aggressive holiday marketing campaign building on the HearingAssist brand message as the # 1 affordable hearing brand in the States. -United and using HearingAssist’s acclaimed national television commercial, which includes a “Free Special Offer for the Holidays”. valued at $ 149.

InnerScope Hearing Technologies, Inc. (OTC PINK: INND) is a leading manufacturer and distributor of hearing aids, hearing aids, hearing health related products and personal sound amplifiers (PSAPs) (“hearing products”) registered by the FDA and intended to meet the global demand for affordable hearing solutions. InnerScope hearing products and its business model break through persistent barriers that prevent access to effective hearing solutions. With the recent acquisition of iHear Medical Inc., a provider of cloud-based hearing solutions with access to over 40 patents, and the completion of the acquisition of HearingAssist, an established market leader in direct-to-consumer hearing aids. consumers for over 13 years, InnerScope’s is well positioned to expand its distribution partnership network and market leadership in direct-to-consumer hearing solutions with advanced hearing products offered at a fraction of the cost of conventional hearing aids sold in centers. hearing aids. Innerscope is led by CEO Matthew Moore who grew up in the hearing health industry, with internships and mentorships starting with his grandfather who has personally helped over 20,000 hard of hearing patients in his private hearing aid practice since the 1940s. At the age of 10, Matthew worked in the marketing department of his parents’ private hearing aid practice. At the age of 22, Matthew became a full partner in his parents’ hearing aid business, which went on to become one of the largest private hearing aid firms in the United States with more of 70 sites and more than 40,000 customers over a period of 10 years.

Microcap daily reported on INND before declaring in October: “INND is an investor favorite getting noticed by some big players as the company launches its latest advancements in hearing technology with its new self-adjusting and self-adjusting rechargeable hearing aids controlled by smartphone with in the professional programming and remote assistance service. InnerScope is a wholesale seller for Walmart and was recently accepted into the BJ Wholesale Club, which operates over 215 locations in 17 states. INND has experienced tremendous growth thanks to the recently acquired acquisition I hear Medical Inc. based in San Leandro, California. The Acquisition is growing InnerScope products and services to include iHEARtestâ„¢, the only FDA-approved home hearing screening device (FDA Clears Home Hearing Test on ABC7 / 2018), advanced hearing aids registered by the FDA and the TREOâ„¢ Personal Sound Amplification Product (PSAP). The assets acquired as part of the transaction include iHEAR FDA registered manufacturing facility, R&D center and shipping operations in San Leandro, California. InnerScope begins to attract mainstream press, including Fox Business News, Bloomberg and a 12-part series of Newsmax. “

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Earlier this year, Innerscope launched its hearIQ app in 172 countries on the Apple App Store for iOS devices and the Google Play Store for Android devices. The hearIQ app is a multi-functional app that offers the general public a FREE self-administered hearing test to determine hearing loss (if applicable) and also provides a Bluetooth wireless connection (“app-controlled”) for InnerScope’s Direct -to- Self-adapting and self-adjusting hearing aids for the general public. The hearIQ app is specially designed to aid in the early detection of hearing loss for the 48+ million Americans as well as the 1.5 billion people worldwide who may have or live with undetected hearing loss. some degree of hearing loss, according to the World Health Organization (“WHO”). Most importantly, if hearing loss is detected, the HearIQ app links directly to InnerScope’s consumer hearing products. Since the HearIQ app was only activated nine days ago, it has already received over 440 reviews and received a FIVE STAR rating from both Apple and Android users.

The Company was occupied in November; they partnered with Hartig Drug Company, a member of Topco Associates, a member-owned cooperative “to deploy a hybrid shopping and hearing health awareness experience by offering free hearing screenings with the automated hearing screening kiosk InnerScope located in Hartig pharmacies. . They have also formed a partnership with Atlazo Inc. to develop next-generation hearing aids and hearing products, using Atlazo’s patented artificial intelligence (AI) hardware platform. Hearing products powered by Atlazo’s proprietary ultra-low power system-on-a-chip (SoC) will provide consumers with unprecedented new features, including voice commands, continuous health monitoring and seamless connectivity with other smart devices .

InnerScope also recently announced a partnership with K-VA-T Food Stores, Inc. Food City Pharmacy (“Food City”), a member of Topco Associates, a member-owned cooperative, to deliver a hybrid shopping and shopping experience. Hearing health awareness by offering free hearing screenings with InnerScope’s automated hearing screening kiosk (“Hearing Kiosks”) located in the pharmacy section of Food City stores. Audience kiosks were deployed in mid-October at three Food City Pharmacy stores. InnerScope and Food City plan to add additional kiosks at strategic locations. Food City Pharmacy also plans to offer InnerScope hearing aids and other hearing health related products in stores and online in the near future.

INND operates in the burgeoning hearing aid space; According to a report by Fortune Business Insights, the global hearing aid market is expected to gain momentum with the increasing adoption of telehealth among audiologists to prevent patient trafficking. The report further states that the market size was $ 8.99 billion in 2019 and is expected to reach $ 13.38 billion by 2027, with a CAGR of 8.2% during the forecast period.

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INND surged explosively in the rankings trading $ 3.3 million in dollar volume on Monday alone after the company announced the closing of the acquisition of Hearing Assist II, LLC. HearingAssist is an established leader in the direct-to-consumer hearing aid market with over 500,000 hearing aids sold and revenues of over $ 72 million since 2018 and is Walmart’s largest hearing aid supplier. HearingAssist has deployed product displays in 757 Walmart stores in five states. HearingAssist offers a full line of affordable, high-quality rechargeable hearing aids, a digital TV listening device and various hearing aid accessories. In addition, HearingAssist also has an exclusive distribution intellectual property right and the ability to purchase two patents for its hearing aids. The acquisition of HearingAssist is expected to rapidly accelerate InnerScope’s revenue and growth strategy with immediate sales generated by HearingAssist’s hearing product kiosks located in Walmart stores. InnerScope expects to report record revenue from the fourth quarter of 2021 and will continue quarterly thereafter. Additionally, InnerScope and the HearingAssist leadership team have already launched an aggressive holiday marketing campaign building on the HearingAssist brand message as the # 1 affordable hearing brand in the States. -United and using HearingAssist’s acclaimed nationwide TV commercial, which includes a “Free Special Holiday Offer.” valued at $ 149. As we reported before InnerScope is already a wholesale supplier for Walmart and was recently accepted into the BJ Wholesale Club, which operates over 215 locations in 17 states..We’ll update on INND when more details emerge, so make sure you’re subscribed to Microcapdaily so you know what’s going on with INND.

Disclosure: We do not hold any position in INND neither long nor short and we have not been paid for this article



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