InnerScope Hearing Technologies (OTCQB:
INND) Announces Significant Revenue Growth
InnerScope
Continues to Accelerate
Revenue Growth Quarter by Quarter as New Revenue
Streams are being launched.
ROSEVILLE, CA. --
July 8, 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
today that its sales rose
502% to
$532,550 for the first
two quarters ending June 30, 2019 ("2019, Q1 & Q2"). This
increase reflects the total revenues reported
(unaudited)
for
the
quarter
ended
March 31,
2019 ("2019 Q1") combined with total receipts booked
(unaudited) for the
quarter ended June 30, 2019 ("2019
Q2")
including
prepaid hearing aid sales orders, compared to
revenues reported
of
$105,991 for the same two quarters ending June 30, 2018 ("2018 Q1
& Q2").
Additionally,
sales rose 185%
in
2019
Q2 compared to 2019
Q1. This increase
reflects the total receipts of $346,021 booked in 2019
Q2 including prepaid hearing aid sales orders, compared to
revenues reported
of
$186,529 for
2019
Q1.
InnerScope is rapidly
growing and expanding its Hearing Product Portfolio, technology
partnerships as well as its distribution partners, to further
solidify its market leadership position within the hearing industry
by delivering disruptive innovative hearing
technology. Beginning
in 2018,
InnerScope has made critical strategic investments in establishing
a strong supply chain and an
Omni-Channel distribution
network that are both scalable. InnerScope also
has
invested in its personnel
by adding key
employees
within
its sales
and marketing departments to further its scalable growth
plans.
With the
recent high level
interest
InnerScope has
received from major "Big Box" retailers looking for entry into this
huge underserved market of 42+ million Hearing-Impaired
Americans, (the "Underserved
Market") InnerScope is fully
engaged and has
taken
the steps
to
initiate
a
revised
version
of its
"Hearing
Better in America" marketing
campaign (the "Marketing
Campaign") to be easily
integrated within
the "Big
Box" store model.
InnerScope believes the
Marketing
Campaign will
be able
to reach the Underserved Market and offer the major "Big
Box" retailers'
new
revenue opportunities as well as creating retention and long-term
loyalty for their customers.
Matthew Moore, CEO of InnerScope commented,
"We have demonstrated significant growth with our
existing resources and expertise, strengthening our market
position. "We are confident in our ability to innovate, execute and
continue to grow with our core team."
"We believe we have put
in place all the pieces of the puzzle and have laid the
foundation for InnerScope to grow
rapidly. We appreciate the
continued support of our current shareholders and
we
remain committed to exploring every option to
succeed
and achieve our growth
objectives, including working
with top investment bankers
to find many opportunities to
secure growth capitol and/or to find potential synergistic
acquisition targets. We are highly
optimistic for the future, given our current
growth curve, especially when you consider most of our revenue
streams are either just beginning or will be coming on line
shortly. But, more
importantly, with all the
growth
revenue
pieces in place, InnerScope has
the
ability to
successfully
disrupt the $10 billion dollar
global hearing aid
industry, which in turn, will deliver
significant shareholder value."
Continued Growth
Outlook for 2019 /
2020
InnerScope
anticipates
its
fully
integrated revised "Hearing Better in
America" Marketing
Campaign will
soon
be
deployed
through
"Big Box" retailers and will quickly result
in generating increased
sales
revenues from
its
Hearing
Product Portfolio.
InnerScope just
finished fully launching its newest DTC Hearing Aid, the "NEXUS",
one of the world's first "Self
Fitting" Hearing Aid System on Walmart.com,
Sears.com, Kmart.com and as
well as its own web sales portal. InnerScope has begun to receive
and fill sales orders, domestically
and internationally.
InnerScope expects the sales of the "NEXUS"
to continue to grow on a
monthly basis due to its previous announced Marketing
Partnership Agreement
with AsSeenOnTV.pro featuring
Kevin Harrington.
InnerScope will
continue to make significant progress in its Expansion "Rollout
Plan" of opening 25 new Audiological Hearing Aid Retail
Clinics by the end of
2019
("Retail
Clinics").
With 11
Retail Clinics
successfully opened and operating this year, InnerScope is
planning the remaining 14
locations to be
opened
by the
end of 2019.
InnerScope's is
planning its launch within the
next month of
its
three proprietary
Doctor-Formulated
Science-Based
"Nutrition for the
Ears" Nutritional Dietary
Hearing Supplements ("Hearing
Supplements"). These Hearing
Supplements were formulated and
designed specifically to protect and
maintain
hearing health:
EAR-RING RELIEF: Designed
for Tinnitus sufferers.
HEARING VITE + MULTIVITAMIN: Formulated
as a complete vitamin and mineral supplement for maintaining
hearing health and daily dietary nutritional needs.
HEARING VITE + MEMORY
BOOST: Specifically
designed to promote hearing health PLUS boost memory and cognitive
function for normal age-related memory loss.
With Walmart.com, Sears.com and Kmart.com all ready to sell
the
Hearing Supplements once launched
including
other
large retailers and
pharmacy
chains, InnerScope is confident as with the "NEXUS", and its
Marketing Partnership
with AsSeenOnTV.pro featuring
Kevin Harrington will
sell tens
of thousands of bottles monthly
of
its
"Nutrition for the Ears" Hearing
Supplements.
InnerScope
is
currently filling
orders
and is
continuing
to receive sales
orders
from its
recent launched of
its CBD
Oil through its own web sale portal of www.InnerScopeHearingHealth.com.
CDB Oil
by InnerScope
Hearing
Health is
for
the general use
to
Relief
Tinnitus
(ringing in the ears) and as a daily dietary supplement for overall
health and wellness. As with InnerScope's "NEXUS" and the
Hearing
Supplements, AsSeenOnTV.pro featuring
Kevin Harrington will be
one
of the marketing
channels
for
InnerScope's CBD Oil. Given the Popularity and the growing CBD
market, InnerScope anticipates selling tens of thousands of
its
CBD Oil
bottles.
In
partnership with Advantego
Corporation, InnerScope plans
on integrating a
"Self-Administered"
frequency threshold hearing assessment software to accurately
create a personalized hearing
profile based on each persons
hearing strengths and weakness. This
hearing profile software and
algorithm is much like InnerScope's "NEXUS" Self-Fitting Hearing
Aids. Each person can enjoy
an "Ultimate Listening Experience" while watching
TV
using InnerScope's
personalized
augmented hearing TV Sound Bars
or
its
Headphones
for
listening to music.
InnerScope plans to
sell and distribute through all of its vendor agreements,
including Walmart.com, Sears.com, Kmart.com and Amazon.com.
InnerScope and
Erchonia Corporation are
involved
in conducting a FDA Clinical Trial for the purpose of obtaining a
510k FDA-Clearance on the effect of using Low-Level Laser Therapy
Technology for
the
relief of Tinnitus symptoms. Once the 510k FDA-Clearance is
obtained, InnerScope believes it would be the only FDA
Market-Cleared device in the world of its kind for the treatment of
Tinnitus. InnerScope's
plan
after receiving its 510k FDA-Market Clearance is
to sell
and distribute the laser equipment and the treatment protocols
worldwide to help the approximately 600 million people
worldwide including
50
million people in the U.S. alone.
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
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
Walmart.com
Sears.com
Kmart.com
Amazon.com
Increased Sales Revenues through
"Hearing Better in America" Marketing Campaign
The "NEXUS" Self-Fitting Hearing
Aid
AsSeenOnTV.pro
Marketing Partnership
Agreement
Kevin Harrington
Audiological Hearing Aid Retail
Clinic Locations
www.InnerScopeHearingHealth.com
Doctor-Fomulated
Nutritional Dietary Hearing Supplements by InnerScope Hearing
Health
CBD OIL by InnerScope Hearing
Health
Hearing Enhancement Software for
TV Sound Bars and Headphones
Advantego Corporation
FDA Clinical Trial for Treatment
of Tinnitus
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Aug 2024 to Sep 2024
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Sep 2023 to Sep 2024