InnerScope Hearing Technologies, Inc. Signs Supplier Agreement as a Direct Shipped Vendor ("DSV") for Walmart.com USA, LLC
August 01 2018 - 8:45AM
InvestorsHub NewsWire
InnerScope Hearing Technologies,
Inc. Signs Supplier Agreement as a Direct Shipped
Vendor ("DSV") for Walmart.com USA,
LLC
The Company will now sell
its FDA-Registered Hearing Aid Devices
and its Personal Sound Amplifiers Products
(PSAPs) to Walmart.com as the retailer
Direct-To-Consumer online retail sale.
ROSEVILLE, CA.
-- August 1, 2018 --
InvestorsHub NewsWire -- InnerScope
Hearing Technologies Inc. (OTCQB:
INND) is pleased to
announce the signing of a supplier agreement as a direct shipped
vendor ("DSV") for Walmart.com. The Company has been accepted as a
Walmart.com USA,
LLC, a wholly-owned
subsidiary of Wal-Mart Stores, Inc. ("Walmart.com")
supplier
and will sell
its
FDA-Registered
Hearing
Aids and its
Personal
Sound Amplifier Products ("PSAPs")
to
Walmart.com as the retailer for
Direct-To-Consumer
online
retail sale.
Walmart.com as the
retailer for the Company's
products along with
Walmart.com's
online
sales platform will give the
Company a broader reach and
visibility in the Direct-To-Consumer hearing
assistive and
hearing
aid device
marketplace.
With
Walmart.com
representing
the
Company's
PSAPs
and especially its
FDA-Registered
Bluetooth
wireless hearing aid technology, will
create
an
increase
in consumer
awareness
for
a greater penetration
of more
affordable
higher
quality
hearing aid
technology
options. The Company continues
to deliver on its mission and its strategic goals by offering easy
and affordable access to high quality hearing aids and hearing
assistive devices.
Walmart.com will be able to
offer for sale
InnerScopes's
FDA-Registered
ALPHA
Digital Hearing Aid Series with Bluetooth
and a Smart Control App in 3 levels of
technology based on affordability and hearing needs. The
ALPHA's Series
are
receiver-in-canals
(RICs) hearing aids
with a
very small discreet and comfortable compact design with Bluetooth
Low Energy (BLE) wireless technology (for direct connection to
external Bluetooth-enable devices) with a user app for added
user
control
and personalizing the hearing aid devices for all different
environments via Android or iOS Smartphone's.
Walmart.com will
also
offer
for
sale several types
of InnerScopes's
PSAPs.
For
example, the audiologist patented
designed
Teeny and
the Crescent are ear level PSAPs which
uses the
same Advanced Digital Technology found in higher
priced
hearing aid devices. The Teeny
PSAP
is
a
one size
fits all completely-in-the-canal (CIC), made to be
comfortably
hidden
within
the ear canal. The Crescent PSAP and its unique universal
shell design
that
fits
approximately
95% of all
ears. InnerScopes's
other
type of PSAP offer for sale
is the
BlackCat. The BlackCat is a
hearable/wearable
personal
audio controller designed
for
people
who have
difficulty understanding conversation in
difficult listening and noisy situations, like in a restaurant
or group
gatherings. It's compact credit card
design and easy to use buttons, the user can control
volume,
balance and rear noise suppression.
"We
were
excited
when
Walmart.com contacted
us
and
wanted to be a retailer for all
of InnerScope's hearing products," said Matthew Moore,
CEO of InnerScope Hearing Technologies. "We
signed
the supplier agreement as Walmart.com's
direct
ship vendor in the U.S.
for
all
of our hearing
products and
we are
very pleased to have forge this new supplier relationship with an
American company like Wal-Mart and Walmart.com.
We
know our affordable high-quality hearing products
will
be
well represented
online
by
Walmart.com. We our expecting
great success and a long-term relationship with Walmart.com as a retail
partner and
we are
looking forward to extending InnerScope's hearing products to
Wal-Mart's brick and Mortar Stores,"
continued Mr. Moore.
"This new
Walmart.com relationship
will
bring more awareness
to
our
"Hearing
Better in America" marketing campaign which
strategically
targets
the 48
million our
Americans
who
suffers
from some form of hearing loss that may require the
need for hearing aids or hearing assistive products.
The
"Hearing
Better in America" marketing campaign uses a
combination of
many
different
social
media
and media sources across
the United
States. InnerScope
is
continuing to develop
multiple
direct-to-consumer sales channels and platforms, so the
hearing-impaired
consumers
can gain
easy
access and more
affordable
options
when it
comes to finding hearing aids and/or hearing assistive
products." Mr. Moore,
concluded.
About InnerScope Hearing
Technologies (INND):
InnerScope Hearing
Technologies (INND) is a technology driven company with highly
scalable B2B and B2C solutions. The Company plans on offering a B2B
SaaS based Patient Management System (PMS) software
program, designed to improve
operations and communication with patients. INND also offers a
Buying Group experience for audiology practice, enabling owners to
lower product costs and increase their margins. INND will also
compete in the DTC (Direct-to-Consumer) markets with its own line
of "Hearable", and "Wearable" Personal Sound Amplifier Products
(PSAPs), Hearing
Aids, and revolutionary
APPs on the iOS and Android markets.
INND has
plans on opening, operating and expanding a chain of audiological
and retail hearing device clinics. INND's seasoned team of
professionals, with collectively over 200+ years of experience in
the hearing aid industry, including successful operations in
hearing aid manufacturing and retail store management. Our team has
the knowledge, relationships, and the experience to quickly deploy
new products and software to serve approximately 1.2 billion people
around the globe that are suffering with 25 db or greater hearing
loss. For more information,
please visit: www.innd.com
About Walmart.com
Wal-Mart.com
USA,
LLC, a wholly-owned
subsidiary of Wal-Mart Stores, Inc. was founded in 2000
and is headquartered in Brisbane, California. The company offers
online retail services and sells products in various
categories within
in the
United States, APO/FPO military addresses, Samoa, Guam, Northern
Mariana Islands, Puerto Rico, and Virgin Islands.
For more
information, please visit: Walmart.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:
Investor Relations
Contact
Andrew
Barwicki
516-662-9461
Andrew@barwicki.com
InnerScope Hearing
Technologies,
Inc.
Matthew
Moore
Matthew@innd.com
916-218-4100
www.innd.com
www.walmart.com
www.innd.com
www.nohasslehearing.com
www.hearingbenefit.com
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Oct 2024 to Nov 2024
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Nov 2023 to Nov 2024