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ROSEVILLE, Calif., Aug. 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"), today announced its unaudited second quarter ended June 30, 2019 ("Q2 2019") and an update on key revenue growth initiatives.
Second Quarter 2019 Financial Results
Second Quarter 2019 Business Highlights
InnerScope's Key Revenue Growth Initiatives
Business Operations for Long-Term Shareholder Value
"I am very pleased to announce that after nearly 3 years since InnerScope became effective as a Public Company, we believe, given its current rapidly expanding Sales Revenue Pipeline, plus its ever-growing multiple revenue streams, InnerScope is now at a pivotal point, ready for "Substantial" incremental Top-Line Revenue Growth," said Matthew Moore, CEO of InnerScope Hearing Technologies. "The recent announcement of InnerScope's development of its Hearing Kiosks has given InnerScope National and even International attention from many different business sectors and healthcare providers. This attention has put InnerScope on a strong revenue path to rapidly build significant momentum to continue to grow exponentially for years to come."
"There are nearly 50 million people in the United States that have reported to have some form of hearing loss. However, currently only about 7 to 8 million of those people are currently using hearing aids and/or any hearing assistive products. This is mainly due to high cost of hearing aids ($5,000 average cost per pair, of which 90% of health insurance plans don't cover) and lack of accessibility for the general public to have a convenient way to regularly self-check and monitor their hearing, as well as to the ability to decide to easily purchase hearing aids and/or hearing related products if their having any hearing issues," continued Mr. Moore.
"InnerScope has developed Award Winning Direct-to-Consumer Hearing Products that offers the same type of high quality technology and features which delivers the same quality hearing experience for the consumer at an average of 75% less cost than the traditional hearing aids offered by the Multi-Billion Dollar Multi-National Hearing Aid Manufactures. We pride ourselves that the consumer can be ensured that InnerScope's Hearing Products offers a huge saving without sacrificing hearing quality. We have no doubt that InnerScope's Hearing Product Portfolio and its multiple DTC distribution retail channels is leading the way to disrupt the current $5 Billion Dollar Hearing Industry in the U.S. by giving easy and convenient access to maintain hearing health for the virtually untapped market (currently worth tens of billions of dollars) of the 42 million people that are currently living with untreated hearing loss in America," continued Mr. Moore.
"Furthermore, InnerScope's unique and one of a kind Hearing Kiosk, once deployed, has now given the opportunity for the general public to have easy access at very convenient public locations to regularly check their hearing while also providing easy accessibility to purchase InnerScope's Hearing Products and its Hearing Health Products by either directly at the Hearing Kiosk retail locations or by ordering online directly from the Hearing Kiosk itself to have the products shipped directly to their home. There are a few hearing-screening kiosks out in the market place, but to our knowledge, there is nothing like InnerScope's Point of Sale Retail Hearing Kiosks anywhere. That is why, National Retailers to Local Retailers and even multiple sectors in the Healthcare industry are excited to connect with InnerScope for launching our Hearing Kiosks within their locations. We remain steadfast in our belief that our path to profitability has been clearly defined and we our very confident in with our outlook for the rest of 2019 and continuing into 2020 and beyond," 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 clinics aid 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
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.
For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @inndstock Page.