InnerScope Hearing Technologies (INND) Announcing a Major Milestone with its Opening of its Latest Hearing Aid Retail Clinic
January 24 2019 - 8:00AM
InvestorsHub NewsWire
InnerScope Hearing
Technologies (INND)
Announcing a Major Milestone with
its Opening of its
Latest Hearing Aid Retail
Clinic
InnerScope has completed its
first major milestone of its expansion
rollout plan of opening 22 new
audiological hearing aid retail clinics
with the Opening
of its Elk Grove,
California location
ROSEVILLE, CA
-- January
24,
2019 -- InvestorsHub
NewsWire -- InnerScope Hearing
Technologies Inc. (OTCQB:
INND) a manufacturer and
Direct-to-Consumer ("DTC") distributor/retailer of FDA-Registered
Hearing Aids, ("Hearing Products") announces its
upcoming
opening date on February 11,
2019 of
its Elk
Grove, California location, the next new
audiological hearing
aid retail clinic opened
under its
dba Value Audiology &
Hearing Aid Center brand
("Retail Clinic"). The
opening of the Elk Grove location, a suburb of
Sacramento, and InnerScope's third and final
Retail Clinic
within
the Sacramento media market area, marks a
completion of
InnerScope's
first
major milestone in a specific
demographic area of
its
expansion
rollout plan of opening 22 new
Northern California audiological hearing aid retail clinics
("Rollout
Plan").
InnerScope's
Rollout
Plan (as executed in the
Sacramento Area) is based on
quickly
establishing a large footprint in a single media market area
by opening multiple
Retail Clinics strategically
located to dominate
and
control all
media
in
a
specific demographic area over
all other
competitors
combined. This
Rollout
Plan coupled with InnerScope's negotiated lucrative media
agreements allows InnerScope to
quickly
grab market share and become the number one
seller of Hearing Products in each specific
media
market area.
InnerScope
founder's and its
management believes
its
three
strategically placed Sacramento Area Retail Clinics will
generated over
$4 million in annual
gross revenues. Their
belief is attributed to the
founder's previous ownership of six
Sacramento Area
hearing aid retail clinics generating $6+ million in gross
revenues.
InnerScope's
expects
it can
achieve with its three Retail Clinics, 80% of the
$6+million total gross
revenue number once it becomes the number one seller of Hearing
Products in the Sacramento media market.
Additionally,
InnerScope's
management
with
over
150
years
combined experience in Audiology, Hearing Aid Retail
Sales,
and Retail Store Expansion have identified as part of
its
Rollout Plan, Retail Clinic
locations
within
media
markets in the San Francisco Bay
Area. The San Francisco Bay
Area is divided into four
distinctive media market
areas, East Bay, South
Bay, North Bay, and
San
Francisco Bay Area.
InnerScope
anticipates completion of each of
these market areas by the end of 2019.
"InnerScope's Unique and Scalable
Brick & Mortar Retail Clinics are an
essential cornerstone to the Unique Selling Proposition of
our Direct-to-Consumer Affordable and Accessible Hearing
Aids," said Matthew Moore, CEO of
InnerScope Hearing Technologies.
"Our objective is to
open Brick & Mortar Retail Clinics
all over
the United States and in select International Markets.
This
will allow a
Hearing-Impaired Customer to purchase
an
InnerScope Hearing
Product from our many
online
sources, such as,
our
multiple eCommerce Stores or
through MANY Authorized Retailers like Walmart, or at an InnerScope Brick &
Mortar Retail Clinic
Locations.
With
InnerScope's presence and exposure either
online
and/or in
major
media markets with Retail Clinics,
all InnerScope customers will have the
opportunity to
receive
complementary
adjustments, follow-ups,
and/or
re-purchasing
at
any
of the
InnerScope Retail Clinics
Nationwide or
from InnerScope's
uniquely
designed
Tele-Audiology
System. InnerScope
along
with its strategic partnerships
has the
scalability, the
management, the
expertise,
the
strategy,
and the
patented
hearing technology to deploy
on a
national rollout scale of Retail Clinics virtually in every major
media markets
to expand
to over
1,000 locations.
These 1,000+
Retail Clinic locations
owned and operated by
InnerScope, could service and
satisfy millions of Hearing-Impaired
customers." Mr. Moore
concluded.
About InnerScope Hearing Technologies
("INND")
InnerScope Hearing
Technologies (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
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 audiological and
retail hearing device clinics. InnerScope's
mission
is to serve approximately
1.2 billion people around the globe that are suffering with
25 db
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
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
www.valueaudiology.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
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