InnerScope Hearing Technologies (OTCQB:
INND) Signs Agreements to Distribute 200 of its Hearing
Screening Kiosks & Hearing Products in 200 Pharmacy Locations
with BONUM HEALTH
The Agreements gives InnerScope
200 locations to distribute in-store 200 of its Hearing Screening
Kiosks and its Hearing Product Portfolio to BENZER PHARMACY and its
independent and corporate-owned network of retail
pharmacies
ROSEVILLE, CA --
September 11, 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"), has signed Agreements
(the "Agreements") with BONUM HEALTH, LLC ("BONUM HEALTH") for
the initial order to distribute its fully automated
(unattended) Point of Sale Hearing Screening
Retail Kiosks ("Hearing
Kiosks") and its affordable Hearing Product Portfolio
(collectively "Hearing Kiosks and Point of Sale Products") to
200 BENZER PHARMACY locations
(increased from 100 to 200
locations as previously announced) of independent and
corporate-owned retail pharmacies located throughout the United
States. The Agreements not only gives InnerScope a significant
increase in market share and market penetration by having 200 new
distribution locations for its Hearing Product Portfolio, but also
a new in-store revenue model that can be easily duplicated in
thousands of locations nationwide.
Given the
initial order of the Agreements, including subsequent orders to
immediately follow, InnerScope's is
currently ramping up production of its Hearing Kiosks and inventory
of its Hearing Product Portfolio, and plans to immediately
start
delivering (within 30 days) to 120 BENZER PHARMACY
locations in 29 states. BONUM HEALTH
expects to increase the number to 500 pharmacy locations by the end
of 2019 for InnerScope's Hearing Kiosks and Point of Sale Products,
with the anticipation of increasing to thousands of locations
starting in 2020.
InnerScope's
Hearing Kiosk is designed to give the public
FREE, EASY
& CONVENIENT access to a quick 2-minute
self-administered hearing-screening test as well as bringing
awareness to the multiple health and cognitive issues caused by
living with untreated hearing loss. But, more importantly, the
function of the Point of Sale of the Hearing Kiosks, is to guide
and direct the consumer to solve their hearing issues today (given,
if they are having hearing issues) by choosing from InnerScope's
affordable Hearing Product Portfolio to purchase at the
store.
Mobeen Javed, CEO
of BONUM HEALTH
commented, "BONUM HEALTH is dedicated to provide patients with
effective and affordable healthcare services, including hearing
healthcare products and services. We are excited to include
InnerScope's Hearing Kiosks and its many affordable Hearing
Products as part of our many healthcare services we offer.
InnerScope's Hearing Koisks will be one of many key healthcare
service components of BONUM HEALTH's new "Bonum Health
Hubs" that will help
revolutionize the 23,000+ independent pharmacies in the U.S. by
offering a "one stop shop" for the majority of healthcare services.
BONUM HEALTH HUB's located inside
local pharmacies, will offer services to include, Hearing,
Men/Women Health, Dental, Wellness, Education, Tele-Health and
Testing Services. Currently, we are deploying BONUM HEALTH HUBs in
Benzer Pharmacies in several states and we will be adding many more
independent pharmacies over the next months."
InnerScope's Hearing
Kiosks are
ultimately part
of BONUM HEALTH's
overall plan to offer hearing healthcare services within its newly
developed Bonum Health Hubs to be located inside thousands of
independent pharmacies across the country. The Bonum Health
Hub is a stand-alone healthcare model that gives the public one
place to conveniently receive a variety of health related services.
In addition, Bonum Health Hubs will offer access to healthcare that
some consumers may not have.
"We are excited and thrilled
about the Agreements with BONUM HEALTH and
InnerScope being a key component of the Bonum Health Hubs,"
said Matthew Moore, CEO of InnerScope
Hearing Technologies. "We know how important it
is for the public to have easy and affordable access to
proper healthcare services. We also believe Hearing Healthcare
should be an essential part of any healthcare
services offered. That's why, we are so passionate about our
Hearing Kiosks, it's the gateway to providing easy and affordable
access to better hearing healthcare products and services in this
country."
"With
the Hearing Kiosks driving the message of the potential multiple
health and cognitive risks of untreated hearing loss coupled with
the of "Point of Sale" function driving
the sales, and
given that 3 out of 5 people over 60 years of age has some hearing
issues, we anticipate selling thousands of dollars of InnerScope's
affordable Hearing Product Portfolio at each pharmacy location per
month. Once the first 120
out of the 200 Hearing Kiosks are deployed, we believe this not
only gives InnerScope a competitive advantage over all other DTC
hearing aid retailers, but also gives InnerScope a brand
recognition
of
manufacturing and distribution of
high
quality affordable Hearing Products,"
concluded Mr. Moore.
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
About Bonum
Health
Bonum Health is
a Telehealth provider that gives its members an access to licensed
medical doctors 24/7/365 via phone call or video call.
Bonum Provides
access to its platform via Web and Phone App available both on IOS
and Android and can treat Primary Care, Behavioral Health and
Dermatology Conditions. Bonum Health Offers the most Cost Effective
pricing through their Subscription and Per Consult
Model.
please
visit: https://www.bonumhealth.com/
or
https://www.linkedin.com/company/benzerpharmacy
Facebook:
https://www.facebook.com/BonumHealthServices/
Twitter:
https://twitter.com/bonumhealth?lang=en
About Benzer
Pharmacy
Founded
in 2009, Benzer Pharmacy is a chain of independent retail
pharmacies specializing in compounding and specialty medication.
Currently, there are 82 corporate-owned and 34 franchise locations
situated throughout 29 states, including Florida, Michigan,
Virginia, West Virginia, North Carolina, Tennessee, Texas, Georgia,
Nevada, Louisiana, New York, Missouri, Mississippi, Maryland, Ohio,
Indiana, and Idaho. Projections call for continued rapid growth as
the organization seeks to substantially increase its customer base,
while ensuring experiences match expectations at every touch
point. For more information,
please visit: https://www.benzerpharmacy.com/
Facebook:
https://www.facebook.com/BenzerPharmacy
LinkedIn:
https://www.linkedin.com/company/benzerpharmacy
Instagram:
https://instagram.com/benzer_pharmacy
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
Point of Sale Hearing Screening
Retail Kiosks
(increased from 100 to 200
locations as previously announced)
https://www.bonumhealth.com/
https://www.benzerpharmacy.com/