InnerScope Hearing Technologies Inc. (OTC: INND)
(InnerScope) announced today it has entered into an agreement with
Pursuant Health Inc. to launch its Hearing Loss
Information Center to all of Pursuant Health’s Self-Service
Wellness Screening Kiosks located inside 4,618 Walmart and Walmart
Neighborhood Market locations nationwide by June 2020.
InnerScope’s Hearing Loss Information Center
will encourage Walmart customers to take immediate action for
treating their hearing loss by either being referred locally to a
contracted hearing healthcare professional, or by directly
purchasing one of InnerScope’s Hearing Products. InnerScope’s
management team believes the Hearing Loss Information Center will
become a trusted source for providing hearing healthcare
information, as well as information on the multiple health and
cognitive risks associated with untreated hearing loss. This
agreement gives InnerScope instant brand awareness and direct
marketing visibility to the hundreds of millions of Americans who
shop at Walmart, as well as the more than 45 million Walmart
pharmacy shoppers who have access to Pursuant Health’s Wellness
Screening Kiosks strategically positioned near the pharmacy
counters.
Prior to the Over the Counter Hearing Aid Act
going into effect, InnerScope plans to utilize Pursuant Health’s
Wellness Screening Kiosks to conduct a massive Hearing Loss
Awareness Marketing Campaign to improve the quality of life of the
48 million Americans that has some form of hearing
loss. The Over the Counter Hearing Aid
Act was designed to enable adults with perceived
mild-to-moderate hearing loss to access Over the Counter hearing
aids without being seen by a hearing care professional. The new
law, which was sponsored by Senators Elizabeth Warren (D-Mass) and
Chuck Grassley (R-Iowa), comes on the heels of the elimination of
the “physician waiver” system, which had required consumers first
to seek a physician for a medical evaluation or sign a waiver prior
to obtaining a hearing aid.
InnerScope will also sell its Hearing Products
to Walmart customers on Walmart.com as a wholesale
Direct-Ship Vendor. InnerScope is taking ground breaking steps to
be the only hearing healthcare company leading the way to deliver
easy and convenient access to hearing loss information and
affordable Hearing Products for the 48 million Americans who have
some form of hearing loss. The management team at InnerScope
believes launching the Hearing Loss Information Center, along with
its Hearing Loss Awareness Marketing Campaign, within the 4,618
Wellness Screening Kiosks inside all Walmart stores will establish
the Company as a disruptive industry leader in the current $10
billion-dollar global hearing device industry.
Matthew Moore, CEO of InnerScope, said,
"This opportunity to integrate our Hearing Loss Information Center
into Pursuant Health’s vast network of over 4600 Wellness Screening
Kiosks positions us as the only hearing healthcare company to
deliver easy and convenient access to affordable hearing products,
as well as hearing loss information, for the 48 million Americans
who have some form of hearing loss." Mr. Moore continued, "After we
launch this campaign on June 1st, we anticipate a significant
increase in sales revenue as the millions of Walmart customers who
use Pursuant Health’s Wellness Screening Kiosks have access to our
affordable, FDA registered hearing aids and personal sound
amplification products. With hundreds of millions of in-store
Walmart customers, as well as the millions of customers who can see
our products on Walmart.com, we are making great strides toward
improving the quality of life for people who suffer from hearing
impairment and hearing related issues.
About InnerScope Hearing Technologies
(OTC: INND)
InnerScope Hearing Technologies as a
manufacturer, distributor and retailer of “Self-Fitting”
FDA-Registered Hearing Aids, “Self-Fitting” Personal Sound
Amplifiers Products, Hearing Related Treatment Therapies,
Doctor-Formulated Dietary Hearing & Tinnitus Supplements,
proprietary CBD Oil for Tinnitus and assorted Ear & Hearing Aid
Related Products (collectively “Hearing Products”) is on a mission
to improve the quality of life of the more than 1.2 billion people
worldwide who suffer from hearing impairment and hearing related
issues. As a rapidly expanding consolidator of the hearing aid
industry, the management team of InnerScope is applying decades of
industry experience, as well as new technology, to provide
affordable FDA registered hearing aids and personal sound
amplification products directly to the consumer. InnerScope
products are available on Walmart.com,
Sears.com, and Kmart.com, as well
as retailers and pharmacy chains nationwide. InnerScope believes it
is well positioned to benefit from the Over the Counter
Hearing Aid Act, which is designed to enable adults with
perceived mild-to-moderate hearing loss to access Over the Counter
hearing aids without being seen by a hearing care professional.
InnerScope plans to continue to open, acquire,
and operate a physical chain of audiological and retail hearing aid
clinics. InnerScope' mission is to serve the approximately 1.2
billion people worldwide who are suffering with dB or greater
hearing loss. For more information, please visit
www.innd.com. For the most up to date information
about InnerScope, please visit and follow our official Twitter
account @inndstock at
https://twitter.com/inndstock.
About Pursuant Health,
Inc.
Based in Atlanta, Georgia, Pursuant Health, Inc.
develops and manufactures self-service health and wellness testing
kiosks. The Company’s wellness screening kiosk is a one-stop shop
for preventive care and risk assessment. With a national network of
thousands of health kiosks located within retail pharmacies, users
can complete a non-invasive biometric screening that includes key
health indicators, such as weight, blood pressure, BMI and pulse.
Pursuant Health's kiosks also include an NCQA-certified health risk
assessment, which allows users to engage with their health,
discover possible risk factors, and intervene before future
complications can arise. All of Pursuant Health's kiosk-based
screenings take an average of 5-7 minutes to complete, with results
available immediately following completion. Pursuant Health's
platform consists of multiple channels, including a unique kiosk
network of over 4,600 FDA-cleared, HIPAA-compliant self-service
medical devices located within 10 miles of 79% of the U.S.
population. For more information, please visit
www.pursuanthealth.com.
About Walmart Inc.
Walmart Inc. (NYSE: WMT) helps people around the
world save money and live better - anytime and anywhere - in retail
stores, online, and through their mobile devices. Each week, over
265 million customers and members visit approximately 11,500 stores
under 56 banners in 27 countries and eCommerce websites. With
fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2
million associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting
http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
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.com916-218-4100www.innd.com
For the Most Up-to-Date information about
InnerScope Hearing Technologies (OTC: INND), please visit and
follow our Official Twitter account @inndstock
Page.https://twitter.com/inndstockWalmart.com Sears.comKmart.com
48 million Americans that has some form of hearing
lossOver the Counter ("OTC") Hearing Aid
Act
Photos accompanying this announcement are available at
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https://www.globenewswire.com/NewsRoom/AttachmentNg/785cc07d-97af-4840-88f0-6ef5b6566b90
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