InnerScope Hearing Technologies Announces Record Sales Growth
February 12 2019 - 08:00AM
InvestorsHub NewsWire
InnerScope Hearing Technologies Announces
Record Sales Growth
Record-setting growth in part from vendor relationship with
Walmart.com
ROSEVILLE, CA
-- February
12, 2019 --
InvestorsHub NewsWire -- InnerScope Hearing
Technologies Inc. (OTCQB:
INND) a manufacturer and Direct-to-Consumer ("DTC")
distributor/retailer of FDA-Registered Hearing Aids, ("Hearing
Products") announced today that its
Quarterly Sales Rose
281% in the quarter ending
December 31, 2018 ("Q4"). This increase reflects the revenue booked
in Q4 compared to the quarter ending September 30, 2018
("Q3").
"Today's announcement of our record-setting sales growth is
in part from InnerScope's vendor relationship with Walmart.com and
the development of multiple Direct-to-Consumer hearing aid sales
channels, including the
launching several eCommerce DTC websites, as well as opening
several corporate owned audiological hearing aid retail clinics",
said Matthew Moore, CEO InnerScope Hearing Technologies.
"Our national
footprint has
grown in
the last quarter, in part
by
securing our manufacturing agreement with Zounds Hearing
Inc. which
played
a major
role for our
record-setting sales
by offering high quality patented hearing aids at 50% to 70% less
than any of our
competitors."
continued
Mr. Moore.
"Looking
ahead to 2019, InnerScope plans on reporting record sales numbers
throughout the year, beginning with first quarter of 2019. Given
the scalable DTC infrastructure we put into place in 2018,
InnerScope is setup to continue to innovate and deploy more Hearing
Products through multiple DTC channels, including major Big Box
Retailers to disrupt the current reported $9
billion-dollar hearing aid
industry," concluded Mr.
Moore
About InnerScope Hearing Technologies
("INND")
InnerScope Hearing
Technologies (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
of audiological and
retail hearing device clinics. InnerScope's
mission
is to serve approximately
48+ Million in the United States and 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
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
Zounds
Hearing Inc.
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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