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2 new clinics to open as InnerScope continues to execute its Expansion
"Rollout Plan" of 25 new Audiological Hearing Aid Retail Clinics for 2019
100+ locations slated by Year 2023
ROSEVILLE, Calif., April 30, 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 today its "Grand Opening Promotions" ("Promotions") is planned for the week of May 20, 2019 for its new audiological hearing aid retail clinics located in Santa Rosa CA. ("Santa Rosa") and Pleasanton CA. ("Pleasanton"). The Santa Rosa and Pleasanton locations will be InnerScope's eighth and ninth audiological hearing aid retail clinics under its dba Value Audiology & Hearing Aid Center brand ("Retail Clinics") in California. InnerScope is also planning to announce its Promotions for two more Grand Openings in the upcoming weeks for new Retail Clinics located in the Castro Valley/Hayward CA. Area and Novato CA. Area. In addition, InnerScope is currently in progress with its plans to open in the next coming months, an additional 10 Retail Clinics that has been already identified to be in the most highly populated and affluent areas within the San Francisco Bay region.
There is a growing need for hearing aids and related hearing health products being fueled by the ever-increasing aging population in the U.S. and throughout the world which has created a worldwide epidemic of over 1.2 billion people that suffer from hearing loss. With numerous credible studies regarding health and cognitive issues associated with untreated hearing loss, InnerScope is confident its Hearing Products will help the 40+ million people in the U.S. alone that suffer from the consequences of untreated hearing loss. InnerScope, with the openings of San Francisco Bay Area Retail Clinics as well as all of its Retail Clinics, is expecting revenues to continue to grow monthly and exponentially with each new Retail Clinic opened. Especially, since each of its Retail Clinics is estimated to exceed a minimum of $500,000 dollars in annual gross revenue.
InnerScope's CEO Matthew Moore, in a recent letter to its shareholders officially released as an 8-K on April 17, 2019, ("Shareholder Letter") addressed its 2019 Brick and Mortar Retail Expansion Rollout Plan to own and operate a minimum of 25 Retail Clinics in Northern California and the San Francisco Bay Area. In addition, Moore outlined InnerScope's continued strategic plan to open an operate 116 Retail Clinics by the year 2023 and over 1000 Retail Clinics nationwide.
"We could not be more excited about all of InnerScope's growth plans for 2019 and beyond," said Matthew Moore, CEO InnerScope Hearing Technologies. "We have developed a very profitable and scalable sales formula with our long-term strategic plan of Retail Clinics along with our Omni-Channel Sales Distribution approach for maximum growth potential".
"We are proud to have developed an extensive Hearing Product Portfolio that can help hundreds of millions of people to live healthier and happier lives. InnerScope's current Hearing Product Portfolio combined with its multiple "Big Box" distribution partners and sales platforms including its technology partnerships, millions of people will have easy and affordable access to the latest and most innovative technology in hearing healthcare. We believe InnerScope is on the path of revolutionizing the way hearing healthcare is delivered to the world. With our up-coming new hearing aid product release of the NEXUS series product line, one of the hearing industry's first "Self-Fitting" hearing aids, allows more people to have easy no-hassle and a convenient option to receive hearing help delivered to their home. InnerScope is continuing to develop new ground breaking Hearing Technologies as well as new sales and delivery methods so no one will be denied hearing health for any reason," 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, Sears.com, 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 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 InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @inndstock Page. 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.
InnerScope Hearing Technologies ("Shareholder Letter") published as an 8K
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