InnerScope Hearing Technologies (OTCQB:
INND) Plans To Launch a Network of Hearing Screening Retail Kiosks
in Thousands of Locations Nationwide
Patterned
after Redbox and
its 41,500 automated retail kiosks locations, InnerScope is
developing a Network of Interactive Automated Point of Sale Hearing
Screening Retail Kiosks with plans to have thousands of locations
inside large major retailers, local retailers, pharmacy chains,
grocery stores, hospitals, sporting venues, & other
public locations
ROSEVILLE, CA. --
August 5, 2019 -- InvestorsHub NewsWire -- InnerScope Hearing
Technologies Inc. (OTCQB:
INND) ("InnerScope") a manufacturer and Direct-to-Consumer
("DTC") distributor/retailer of FDA-Registered
Hearing Aids, Personal
Sound Amplifiers Products, ("Hearing
Products") Hearing Related
Treatment Therapies, Doctor-Formulated
Dietary Hearing Supplements and proprietary CBD Oil ("Hearing
Health Products") (collectively "Hearing Product
Portfolio"), announced
its plans
to launch a network of interactive fully automated (unattended)
Point of Sale Hearing Screening Retail Kiosks and Untreated Hearing
Loss information Center ("Hearing Kiosks") to be located inside
large major , hospitals, sporting
venues, & other public locations, grocery
storeshainsretailers, local
retailers, pharmacy chains, grocery stores, hospitals, sporting
venues, & other public locations.
The
development of the Hearing Kiosks is part of InnerScope's newly
revised "Hearing Better in America" awareness campaign, which
specifically targets approximately the 42+ million Americans or 84%
of the total U.S. hearing impaired market who are currently at high
risk and/or living with multiple health and cognitive consequences
due to untreated hearing loss (the "Underserved Market"). According
to the President's Council of Advisors
on Science and Technology (PCAST) the
Underserved Market is
the result of the extreme high cost and low accessibility to
affordable hearing healthcare solutions. InnerScope's Hearing
Kiosks will not only give the Underserved Market easy access to a
quick 2-minute self-administered hearing-screening test, but also
provide awareness about untreated hearing loss and information on
InnerScope's affordable DTC hearing solutions.
With the
current hearing healthcare sales and distribution model only
serving approximately 16% of the market, its apparent the
Underserved Market is looking for an easier, more convenient
no-hassle
way to purchase hearing healthcare products. InnerScope's
interactive automated design of its Hearing Kiosks (patterned
after Redbox and its
41,500 automated retail
kiosks locations) combined with its plans to have
thousands of locations inside large major retailers, local
retailers, pharmacy chains, grocery
stores, hospitals, sporting
venues, & other public locations will give the hearing
impaired consumer the ability to have easy access to
more affordable and
convenient alternative choice to purchase Hearing
Products.
Some of InnerScope's Hearing Kiosks unique features
include:
- Self-administered
2-minute touch screen pure tone hearing screening test.
- Calculates the
participants' tests results instantly and
will accurately sort the participants into different hearing
ability categories outlining examples of difficult everyday
listening situations based on the hearing ability
category.
- A network of central
controlled interconnected cloud-based highly secure
HIPAA compliant infrastructure for collection of all participates
contact information, hearing screening test results and survey
information for acquisition and retention of new
customers.
- Provides the latest
information about untreated hearing
loss.
- Directs participants
to seek hearing help solutions based on their hearing needs or to
refer a friend or family member to have their hearing screening
test.
- Will be able to
generate Point of Sale of InnerScope's Hearing Products from the
Hearing Kiosks itself
and/or will direct the participants to the section within the store
where Hearing Products are sold.
Recently,
InnerScope's technology vendor placed one hearing-screening kiosk
in an optical retail business over a 3-month period with
some amazing ROI
results. Based on those results, InnerScope's is anticipating each
Hearing Kiosk location will generate 500+ completed hearing
screenings per month with hearing loss detected in approximately
320 participants and 57 of those participants will decide to purchase
InnerScope's Hearing Products either the same day or within a few
weeks. For the remaining participants that decided not purchase,
InnerScope will continue to promote the benefits of better hearing
by marketing directly to those individuals. InnerScope
estimates each Hearing Kiosk location should generate $20,000 per
month in gross revenue.
"InnerScope continues to be the disruptive
leader in the hearing industry with the development of its Point of
Sale Hearing Retail Kiosks,"
said Matthew Moore, CEO of InnerScope
Hearing Technologies. "We are extremely excited about our
Hearing Kiosks, which has already created a lot of interest from
major retailers. We plan to start ramping-up the deployment of the
Hearing Kiosks in many locations very soon and will
continue deploying for years to come."
"With
the population growing older everyday, coupled with the fact that
people are damaging their hearing at an earlier age, either by
ototoxic drugs (medication that negatively impacts
hearing) or
being exposed to loud noises, more people are needing
hearing
help than ever before. Given that fact, why do we have 42+ million
Americans not getting the hearing help they need? The reason
is simple;
the
general population does not have easy access to
check their hearing on a
regular basis.
Unfortunately, less than 20% of doctors ever check the ears or ask
about hearing. There are many free health screening tests and
health awareness literature readily available at local pharmacies,
like a self-administered
blood pressure machines, but nothing about checking one's
hearing,"
continued Mr. Moore.
"Moreover,
there are approximately 15,000 hearing healthcare practices
in
the United
States,
serving about 8 million hearing-impaired individuals, which
makes
up the $5
billion-dollar industry with
only
16% of the total hearing-impaired
market.
The truth
is
there are
not
enough hearing healthcare professionals
and/or practices in the current hearing healthcare sale and
delivery model (the "Traditional Model") to
even begin
to help the 42+ million untreated hearing-impaired
population. It's
seems very obvious that the ever-growing Underserved Market is not
attracted to the Traditional Model. Therefore, we believe
InnerScope's cutting-edge Hearing Kiosks (located
inside thousands of major retail stores,
pharmacy
chains,
grocery stores, and other public locations) is the answer to
capture the Underserved Market by allowing a greater access to
an easy,
more
convenient
and no-hassle way to sale
and deliver hearing
healthcare
products.
InnerScope's Hearing Kiosks will
not only increase the
much needed awareness
of
multiple health and cognitive consequences
of untreated hearing loss, but also,
by
allowing the consumer free and easy access to regularly
check and
track their
hearing at any time, the consumer is able to make an informed
decision based
on their hearing needs and decide when
their ready to purchase InnerScope's DTC
Affordable
Hearing Products," concluded
Mr. Moore.
If your business or public space is interested in signing
up for the Interactive Fully Automated Hearing Screening Kiosks
through a No-Cost Program to your business, please contact info@innd.com for more
information. Start Driving Additional Customers to your
locations as well as providing a well needed service to your
customers.
About InnerScope Hearing Technologies
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, Sears.com
and
Kmart.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
of clinicsaid
audiological and
retail hearing . InnerScope's
mission
is to serve approximately
1.2 billion people around the globe that are
suffering with 25db 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
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
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
Walmart.com
Sears.com
Kmart.com
Redbox
President's Council of Advisors
on Science and Technology (PCAST)
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
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