InnerScope Hearing Technologies (OTCQB: INND) Plans to Distribute its Retail Shelf-Top Point of Sale Hearing Screening Kiosk
January 09 2020 - 08:00AM
InvestorsHub NewsWire
InnerScope Hearing Technologies (OTCQB:
INND) Plans to Distribute its
Retail
Shelf-Top
Point of Sale Hearing Screening Kiosk
to Major Big Box Retailers
InnerScope, the creator of a Point
of Sale Hearing Screening Retail Kiosk has developed
a new fully automated Retail
Shelf-Top design of
its Point of Sale Hearing Screening Kiosk for
major "Big Box" retailers and pharmacy chains
ROSEVILLE, CA. --
January 9, 2020 -- 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"), announces
its plans
to distribute its new unattended fully
automated shelf-top
design of its Point of Sale Hearing
Screening Retail Kiosks ("Retail
Shelf-Top
Hearing Kiosk") to major
"Big
Box" retailers
and pharmacy chains (the "Retailers") InnerScope
specifically
developed
the Retail Shelf-Top
Hearing Kiosk to
be
easily
integrated
alongside
its Hearing Product
Portfolio within
any
Retailers
product
shelve space or used as an end cap retail
shelve
display. The
Retail
Shelf-Top Hearing Kiosk provides
the
public FREE, EASY &
CONVENIENT access to a quick 2-minute self-administered
hearing-screening test and
also
provides
visual
merchandising and information for purchasing InnerScope Hearing
Products directing
off
the
shelf.
The
development
of
the Retail Shelf-Top
Hearing Kiosk not only
gives
InnerScope the
opportunity
for increased
market penetration
in the
current $5 billion dollar U.S.
hearing
aid market (currently
98%
of
all
hearing aids in the U.S.
are sold and
dispensed through
hearing
healthcare professionals), but also to grow the U.S hearing aid
market by offering
its
Hearing Products in thousands of major
retail locations.
InnerScope
believes
its
Retail
Shelf-Top Hearing Kiosk located
on
retail
store
shelves next to its affordable
Hearing
Product Portfolio will
give
convenient access to motivate the reported 42 million
Americans who are currently at
high risk and/or living with documented
multiple
health and cognitive consequences due to untreated hearing loss
(the "Underserved Market") to purchase
InnerScope's Hearing
Products.
The
Retail
Shelf-Top Hearing Kiosk was designed after
InnerScope has had many discussions with several major "Big
Box" retailers and
pharmacy chains that
requested different options based
on each
Retailers
merchandising
planogram and retail floor space. With the
development of the Retail Shelf-Top
Hearing Kiosk model,
the Retailers
now
have the
option
to either locate
InnerScope's original designed interactive fully
automated (unattended) Point of Sale Hearing
Screening Retail Kiosks and Untreated Hearing
Loss information Center by
the blood
pressure kiosk for example,
and/or to
have the Retail Shelf-Top
Hearing Kiosk model
located
on the
shelve next to InnerScope's
retail
display
of its Hearing
Product
Portfolio
("collectively Retail Hearing Kiosk").
InnerScope expects
each Retail Kiosk to generate a minimum of ten thousand dollars
($10,000) of net
gross sales
per month
of its Hearing Product Portfolio. Additionally,
InnerScope
believes
from each
Retail Kiosk deployed
will
generate a exponential componding asset of
an additional ten
thousand dollars ($10,000) per month from all of the
"Big
Data" collected from each
Retail Hearing
Kiosk.
InnerScope is
currently
reviewing
several immediate opportunities to enter into
distribution and/or joint venture agreements ("Upcoming
Agreements") that can have a
positive impact
on
revenue and profitability. With
all
the high
level of interests from the major "Big Box"
retailers and pharmacy chains
for its Retail Hearing Kiosk and its Hearing Product
Portfolio, InnerScope
plans
on delivering
on
its
Upcoming Agreements
as well
as completing several
hundreds orders already in the
pipeline of its Retail Hearing
Kiosks under current
Agreements
to be
deployed within the U.S and
Canada. InnerScope
anticipates successfully
deploying
hundreds
of Retail Hearing
Kiosks and
thereby
selling
millions of dollars of its Hearing Product Portfolio
by years
end of 2020.
"We are excited with the development of the
Retail Shelf-Top Hearing
Kiosk, said Matthew
Moore, CEO of InnerScope Hearing Technologies.
"The new smaller and portable
Shelf-Top design was a direct
result from numerous discussions with multiple
"Big Box" retailers and pharmacy
chains that may have limited retail floor space and/or
desired an
in-shelf retail display model. Both
Retail Hearing Kiosk designs allows the public
FREE, EASY & CONVENIENT access to regularly and
quickly check their hearing while shopping in the
store. Given the
Underserved Market of 42 million Americans that
have been reported to need hearing help and the
potential of additional tens of millions of people that just want
to check their hearing, we believe, as
well as the
Retailer's believe,
InnerScope's Retail Hearing Kiosks will not only
provide a value added service for the
Retailer's and its
customers, but also will
help create a hearing
health and information destination
center for the public, which
in-turn will drive additional
on-going traffic into the
Retailer's
locations."
About InnerScope Hearing Technologies (OTCQB:
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, 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 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, that are
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 cancelled, 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
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
Point of Sale Hearing
Screening Retail Kiosks
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Feb 2024 to Mar 2024
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Mar 2023 to Mar 2024