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ROSEVILLE, Calif., May 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- 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"), announced it expanded its previously announced Strategic Partnership Agreement ("SP Agreement") and Distribution Agreement ("Distribution Agreement") ("collectively Agreements") with Advantego Corporation (OTCQB:ADGO) ("Advantego") to include combining both companies proprietary technology and resources for developing and integrating a self-administered frequency threshold hearing assessment software to accurately create a personalized hearing profile based on each persons hearing strengths and weaknesses ("Hearing Profile") into TV Sound Bars and Headphones for a greater enhanced hearing assistance for the hearing impaired.
The combination of InnerScope's hearing technology with its Hearing Profile algorithms added to Advantego's library of technology will provide an "Ultimate Listening Experience" not only for tens of millions of hearing impaired people who struggle with hearing the TV or listening to music, but also normal hearing individuals can enjoy the enhanced hearing benefits of a richer and clearer sound. In addition to TV Sound Bars and Headphones, InnerScope and Advantego plans to further develop the Hearing Profile software technology to be able to be integrated in all equipment and/or hardware (i.e. cell phones or any portable consumer electronics) that would give every consumer a superior enhanced sound quality hearing experience. This will include musicians and gamers that need acute hearing to insure peek performances. Additionally, The Distribution Agreement provides distribution and joint venturing of licensing opportunities to multiple OEM manufacturers and new product development between the two companies. InnerScope also plans to distribute Advantego's newly developed assisted listening devices as well as TV Sound Bars and Headphones through its vendor distribution agreements with Walmart.com, Sears.com and Kmart.com.
InnerScope's original SP Agreement with Advantego gives InnerScope the exclusive worldwide distribution rights for Advantego's Intelligent Solutions Platform and Advantego TV multi-faceted digital communication solution for the audiological market. InnerScope for the past few months has been beta testing Advantego's Medical Practice Marketing suite of products and services at its corporate owned audiological hearing aid retail clinics branded dba Value Audiology & Hearing Aids Centers and plans to distribute these products and services to the professional audiological practices.
"We began this relationship over a year ago and have now have agreed to a more cohesive relationship on a number of fronts as both companies mature in the audiological and hearing-impaired world. Having a partner such as InnerScope that has become such a disruptive force in the fast-evolving audiological market, we are now able to utilize our expanded capabilities in the area of design, engineering and manufacturing of hardware products and our Licensing of third party cutting-edge software technology with current opportunities they have recently encountered" said Robert W. (Rob) Ferguson Advantego's Chief Executive Officer. "This comes on the heels of InnerScope completing beta testing over the past several months on several components of our Medical Practice Marketing suite of products that will now be unveiled this coming week May 16-18 at the California Dental Association annual conference. After this initial launch, InnerScope will then be able to offer these same suites of products to the audiological world which was our original plan from day one."
"We are excited to extend our partnership with Advantego, said Matthew Moore, CEO InnerScope Hearing Technologies. "We have years of experience with the hearing impaired community not being able to understand voices clearly on TV. For most hearing-impaired individuals increasing volume does not make the voices any clearer, but by having the TV sound optimized and enhanced with a personalized Hearing Profileprovides the listener the best opportunity to hear voices clearly."
"This partnership with Advantego along with InnerScope's vendor distribution partnerships with Walmart.com, Sears.com, Kmart.com and other upcoming large national and global "Big Box" retailers gives InnerScope the opportunity to expand its brand and customer reach to virtually every household with a TV. The Agreements allows both companies to continue to jointly development and distribute innovative hearing technologies for the tens of millions of people that either need hearing assistance or just enjoy personalized enhanced hearing. We believe combining InnerScope's hearing technology with Advantego's audio enhancement algorithms technology, we can deliver to the consumer, whether they have a hearing loss or not, a superior personalized hearing experience uniquely enhanced though their own personal Hearing Profile. Further, we believe this innovative hearing technology may help maintain a persons hearing threshold and/or may improve hearing acuity over time," Mr. Moore, concluded.
About Advantego Corporation
Advantego Corporation (OTCQB: ADGO) is a business solutions provider that develops stand-alone digital and enterprise software products capitalizing on niche opportunities within specific markets. The Company leverages a proprietary Intelligent Solution Platform, combining leading third-party, cutting-edge technologies with existing data and systems to deliver a turnkey, scalable and cost-effective specialized Business Process as a Service (BPaaS). The Company's products are tailored specifically to targeted industries that can be integrated with multiple software applications for large enterprises, affiliate networks and franchise operators as comprehensive, managed bundled solutions. The Company's services include product design, engineering and OEM manufacturing of hardware products and licensing and distribution of third-party proprietary software and hardware from a host of Strategic Partners. Website: www.advantego.com. Twitter: @Advantego1.
About InnerScope Hearing Technologies
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 and retail hearing audiological . 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. For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @INNDstockPage. https://twitter.com/inndstock
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.
InnerScope Hearing Technologies, Inc.
Strategic Partnership Agreement
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