InnerScope’s Growth Plans of its HearingAssist and iHEAR brand of OTC FDA-registered Hearing Aids to Deliver to 10,000+ Locations Nationwide
ROSEVILLE, CA, Feb. 16, 2023 —McapMediaWire — InnerScope Hearing Technologies Inc. (OTC: INND) (“InnerScope”), an emerging and disruptive leader in the Over-the-Counter (OTC) Hearing Aid space today announced it has partnered with Growth Turbine, an industry leader in raising capital for high-growth ventures for its new funding round campaign to raise $5 million through a Reg-D 506 (C) offering priced at US$1.00 per share.
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InnerScope plans to use the funding raised to continue its growth plans by delivering high-quality, affordable OTC FDA-registered hearing aids to over 10,000 locations of its network of wholesale retailers, which includes: Walmart Vision Centers, CVS, RiteAid, and independent pharmacies chains through TopCo and Associates, AmeriSourceBergen’s “Good Neighbor” Pharmacies and Cardinal Health’s “Leader” Pharmacies.
“We have an overwhelming demand from major retail chains and pharmacies for our HearingAssist and iHEAR brands of OTC Hearing Aids, and this new funding will allow us to continue to meet our wholesale retailer’s expectations of product delivery, said Matthew Moore, President and CEO of InnerScope Hearing Technologies. “.With only a handful of competitors in this new emerging OTC Hearing Aid Market, we are proud to be able to save our retailer’s customers $3,000 to $4,000 by delivering affordable, high-quality OTC Hearing Aids with the same type of hearing technology and features found in hearing aid sold and fit by professionals.”
About InnerScope Hearing Technologies, Inc. (OTC: INND):
InnerScope Hearing Technologies Inc. is a manufacturer and distributor of OTC Hearing Aids, Hearing Aid Accessories & Hearing Health-Related Products (“Hearing Products”) dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s Hearing Products and its B2C and B2B business model break through the barriers that prevent access to effective and affordable hearing solutions.
InnerScope’s recent acquisition of iHear Medical Inc., a Direct-to-Consumer (“DTC”) cloud-based hearing solution provider, gives the Company access to over 40 patents and an R&D facility. In addition, InnerScope has acquired HearingAssist, an established leader since 2008 in the DTC hearing aid market, with a customer base of over 400,000. These acquisitions, combined with a partnership with Atlazo Inc., a semiconductor innovator for next-generation AI smart devices, will allow InnerScope to better position itself in the OTC hearing aid market by selling advanced Hearing Products through Walmart and many other major retailers and pharmacy chains.
InnerScope’s full line of Hearing Products is currently available through these multiple retail/wholesale distribution channels: Walmart Vision Centers, Walmart.com, Walmart Canada, CVS.com, RiteAid.com, BestBuy.com, Amazon.com, Fingerhut.com, Giant Eagle, Hy-Vee, Hartig Drug, Food City, Cardinal Health™ at-Home, Carewell.com FSAStore.com, HSAStore.com, WellDeservedHealth.com, Wakefern Food Corp. / ShopRite, SpartanNash / VG’s Grocery / Family Fare / Martin’s Super Markets and Topco Associates representing 1000’s of stores.
Coming Soon: More major retailers and pharmacy chains for InnerScope’s in-store and online Hearing Products.
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Acquisition of iHear Medical Inc.
Safe Harbor
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, intended to be covered by the “safe harbor” created by those sections. Any statements that are not historical facts contained in this press release are also “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA). Such statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be canceled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or maintain contractual relationships with vendors and customers, competition, general economic conditions and other factors that are detailed in our periodic reports filed with the Securities and Exchange Commission (“SEC”). We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA, Securities Act, and Securities Exchange Act.
Contact:
InnerScope Hearing Technologies, Inc.
Investor Relations
833-788-0506
Investor Relations Agency Contact:
Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: lisa@skylineccg.com
InnerScope Hearing Technologies (OTC: INND) Launches a $5M Investment Campaign to Fuel Explosive Growth – Summary by Thomas Wolff