InnerScope Hearing Technologies (OTCQB: INND) Offers Exclusive Hearing Aid Benefit to American Seniors Association (OTC: AMSA)
February 25 2019 - 8:16AM
InvestorsHub NewsWire
InnerScope Hearing Technologies
(OTCQB:
INND)
Offers Exclusive
Hearing Aid Benefit to American Seniors Association
(OTC:
AMSA)
Direct-to-Consumer Hearing Aid
Benefit Extends to 1.2+ Million
AMSA Members and
its contact database.
ROSEVILLE, CA. --
February 25, 2019 -- InvestorsHub NewsWire
-- InnerScope
Hearing Technologies Inc. (OTCQB:
INND) a manufacturer
and Direct-to-Consumer
("DTC") distributor/retailer of FDA-Registered Hearing Aids,
Personal Sound Amplifiers Products and Hearing Related Treatment
Therapies, announced the signing
of a Joint Venture Marketing Agreement ("JV Agreement")
with American Seniors Association Holding Group Inc.
("AMSA") (OTCPINK:
AMSA). The JV Agreement gives AMSA's members access to
InnerScope's DTC
High-Quality
Patented
FDA-Registered
Hearing Aids. Additionally,
the JV Agreement includes
both
InnerScope and AMSA to actively
engage in
joint
marketing efforts
to
AMSA
members for increasing
the awareness of
the multiple
health
risks of untreated hearing loss and the exclusive
InnerScope Hearing Aid
Benefit now available to its
members.
With
AMSA instituting
an
exclusive
InnerScope Hearing
Benefit
for its
members allows InnerScope the ability to directly tap into its
exact targeted customer with AMSA's
senior
demographic audience. According to
the Hearing
Loss Association of America approximately
20% of the U.S.
population
or 48 million Americans have hearing loss, which is the 3rd most
prevalent health condition in older
adults. Given,
that hearing
loss increases with age, statistics reported
from the National
Institute on Deafness and Other Communication Disorders
("NIDCD")
is
about 36%
of the senior population age (50+)
has a
speech-frequency hearing loss in both ears.
Fortunately,
InnerScope is in prime position with
its three-year JV Agreement to capitalize
on the
NIDCD hearing loss
statistics
with
AMSA's
1.2 million senior
membership contact
database.
Given no increase in
the membership base over the three-year
term of
the JV Agreement
these
people could
potentially
purchase
InnerScope Hearing Aids at a
average
price
estimated
at $1,200 dollars
per
transaction,
(average
price of
$1,200 x
432,000 people that may have
a hearing loss according
to
NIDCD
statistics)
the JV Agreement for InnerScope
could potentially be worth
$500+ Million
Dollars.
AMSA also
known as American Seniors Association
can be
found at www.americanseniors.org
("ASA")
is
one
of the fastest growing
senior advocacy in the nation. ASA is an
alternative choice for millions of seniors (50+) to AARP
membership
and
offers
a variety
of benefit plans in Travel,
Home
& Auto, Security, Health & Wellness
(medical, cancer, dental, vision). ASA
will
include InnerScope's
High-Quality Patented
FDA-Registered
DTC
Hearing
Aids in their Health & Wellness Top Benefits Category for its
membership as well as to
be
a
Featured
Benefit
on its webpage and through
its
customer
service and information call-in line. As
part of
the JV Agreement, InnerScope
will also
be assisting in recruiting
new ASA
members to give them the
same
opportunity to
receive the InnerScope Hearing Benefit as the current
members.
"We are
excited to work with InnerScope to offer our members this much
needed Hearing Benefit" said Paul
Cornell, CEO of American
Seniors Association Holding Group Inc. "We believe there is a
great number of members
that
would benefit
from InnerScope's
direct-to-consumer high-quality
patented
hearing
aids. As a Company,
we are
committed
to offer
benefit choices of
products
and services that create better health and
well-being for our
members. We
feel
strongly about the growing number
of health issues
for the
tens of millions of Americans caused by
untreated hearing
loss, mainly
due
to the traditional
high cost of hearing
aids. American Seniors
Association, together with InnerScope
our
proud
offer this Hearing
Benefit to our
membership for an alternative
choice to treat their hearing loss at a fraction of
the cost".
"Teaming up with American Seniors Association
and offering a Hearing Benefit to their members just made
sense." said Matthew Moore, CEO of
InnerScope Hearing Technologies. "The high costs
of the average pair of traditional hearing aids are close to $5,000
and InnerScope is delivering to the ASA
members the same type of high-quality hearing
aids at an average price of $1,200 for a
pair."
"InnerScope believes
and expects
with the
JV Agreement it won't be
too long
before the word gets out about ASA's
InnerScope
Hearing Benefit and not only we are going to
quickly
be
inundated
with hundreds of hearing aid orders, but
also
many
people will be calling ASA to become a member just for the Hearing
Benefit alone.
With
the revenue
potential
the JV Agreement
offers to
InnerScope, we are very excited about the prospect of
achieving even a fraction of its potential. This JV Agreement
along with other strategic partnerships and
wholesale/retail
agreements, like
Walmart.com, InnerScope is
poised and positioned to start taking a
fraction of this ever
growing
$10+
Billion
Dollar Hearing Aid Industry ",
Mr. Moore
concluded.
About InnerScope Hearing
Technologies ("INND")
InnerScope Hearing
Technologies (OTCQB:
INND) is a rapidly expanding
consolidator of the hearing aid industry.
Management is applying decades of profitable
industry experience and
technology to an antiquated and disjointed industry, unlocking scale
and efficiency,
which will serve all
of InnerScope's
stakeholders. Its
direct-to-consumer
model is revolutionizing the
industry with its Walmart.com relationship representing a paramount
shift in the consumption of hearing aids by
the
hearing
impaired.
In
addition, InnerScope
plans
to continue
to
open,
acquire,
and operate
a
physical
chain
ofnd retail hearing
device clinics audiological
a. InnerScope's
mission
is to serve approximately
1.2 billion people around the globe that are
suffering
with 25 db or greater hearing loss across the entire
hearing impaired vertical from R&D and manufacturing through
direct consumer sales and
services. For more information,
please visit: www.innd.com
For
Up-To-Date
Information Follow our
Official Twitter account @inndstock
Page https://twitter.com/inndstock
About American Seniors
Association ("AMSA")
American
Seniors Association and American Seniors Association Holding Group
Inc. its parent company is publicly
traded company on the OTC Stock exchange under the symbol
AMSA. American Seniors
Association an alternative choice for seniors (50+)
offers a wide array of benefits for it members including
Medicare/insurance
plans, roadside assistance, restaurants, travel
benefits, hunting & fishing discounts and wireless cell phone
plans for only $15 a year, compared to AARP. For
more
information, please visit: www.americanseniors.org
Safe Harbor
This
presentation contains
forward-looking statements,
which relate to future
events or InnerScope Hearing Technologies future performance
or
financial condition. Any statements that are not statements of
historical fact (including statements containing the words
"believes," "should,"
"plans," "anticipates," "expects," "estimates" and similar
expressions) should also be considered to be
forward-looking statements.
These forward-looking statements are not guarantees of future
performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as result of a number of
factors, including those described from time to time in InnerScope
Hearing Technologies filings with the Securities and
Exchange Commission. InnerScope Hearing Technologies undertakes no
duty to update any forward-looking statements made
herein.
Contact
InnerScope Hearing
Technologies,
Inc.
Investor
Relations
Info@innd.com
916-218-4100
www.innd.com
www.americanseniors.org
Hearing
Loss Association of America
https://www.nidcd.nih.gov/health/statistics/hearing-loss-increases-with-age
Walmart.com
For the Most
Up-to-Date information about InnerScope Hearing
Technologies
(OTCQB:
INND), please visit and
follow our Official Twitter account @inndstock Page.
https://twitter.com/inndstock