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The Company, as a supplier and a direct ship vendor ("DSV") for Walmart.com, is ramping-up its inventory of FDA-Registered hearing aid devices and personal sound amplifiers products for Walmart.com's customers.
ROSEVILLE, Calif., Aug. 09, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- InnerScope Hearing Technologies Inc. (OTCQB: INND) announced today that Walmart.com has successfully launched the Company's FDA-Registered Hearing Aids and its Personal Sound Amplifier Products ("PSAPs") to be sold Direct-To-Consumer to Walmart.com's online customers. The Company, as a contract supplier and a direct ship vendor, aka drop ship vendor ("DSV"), for Walmart.com, has been preparing for the launch by ramping-up multiple skews of its PSAPs and hearing aid device inventory, ready to be shipped directly to Walmart.com customers upon order. The Company prides itself on continuing to deliver on its mission to provide Direct-To-Consumer easy access to the latest in high quality hearing aid technology at very affordable prices.
Walmart.com, along with InnerScope, is continuing to enhance the format, language and listing for all of the Company's products on the web pages on Walmart.com. These enhancements will allow Walmart.com's customers to have increased visibility and understanding of the differences between each hearing product listing for ease of ordering. InnerScope as a DSV supplier to Walmart.com will be continuing to add more high quality hearing aid and hearing assistive products to Walmart.com's listing and web pages.
InnerScope's ALPHA 3-5-9 Series are FDA-Registered receiver-in-canals (RICs) Digital Hearing Aids. The ALPHA's are a very small, discreet, compact design and compatible with Bluetooth Low Energy (BLE) wireless technology (for direct connection to external Bluetooth-enable devices) with a user app for added user control and personalizing the hearing aids for all different environments via Android or iOS Smartphone's. The ALPHA Series with Bluetooth and a Smart Control App is offered in 3 levels of technology based on affordability and hearing needs.
The ALPHA 3 hearing aid has a digital processor that consists of 4-channels and 8-frequency bands with 4 separated user programs. The ALPHA 3 is suitable for mild to moderately severe hearing loss and includes a Basic Instantaneous Noise and Surround Sound Processor. The APLHA 3 offers Best-Value and affordability with its basic features designed for moderately active lifestyles. Click Here for the link to Walmart.com's Alpha 3 page.
The ALPHA 5 hearing aid has a digital processor that consists of 12-channels and 16-frequency bands with 5 separated user programs. The ALPHA 5 is suitable for mild to moderately severe hearing loss and includes an Automatic Intelligent Switching for Different Environments, Advanced Instantaneous Noise and Surround Sound Processor. The APLHA 5 and its Advanced features are designed for more active lifestyles that requires hearing in many different environments. Click Here for the link to Walmart.com's Alpha 5 page.
The ALPHA 9 hearing aid has a digital processor that consists of 16-channels and 16-frequency bands with 6 separated user programs. The ALPHA 9 is suitable for mild to moderately severe hearing loss and includes Best-in-Class Automatic Intelligent Switching for Different Environments with Instantaneous Noise and Surround Sound Processor. The APLHA 9 and its Best-in-Class features are designed for the most active lifestyles that requires the best opportunity to hear clearly in the most demanding environments. Click Here for the link to Walmart.com's Alpha 9 page.
The Teeny PSAP is a patented audiologist designed ear-level PSAP which uses the same Advanced Digital Technology found in higher priced hearing aid devices. The Teeny is one-size-fits-all, completely-in-the-canal (CIC), made to be comfortably hidden within the ear canal. Click Here for the link to Walmart.com's Teeny PSAP page.
The Crescent PSAP patented audiologist designed ear-level PSAP which also like the Teeny PSAP, uses the same Advanced Digital Technology found in higher priced hearing aid devices. The Crescent with its unique universal shell design fits approximately 95% of all ears. Click Here for the link to Walmart.com's Crescent PSAP page.
The BlackCat PSAP is a hearable/wearable personal audio controller designed for people who have difficulty understanding conversation in difficult listening and noisy situations, like in a restaurant or group gatherings. Its compact credit card design and easy to use buttons for the user to control volume, balance and rear noise suppression. Click Here for the link to Walmart.com's BlackCat PSAP page.
"We could not have been more pleased with working with Walmart.com to help them promote our affordable high quality hearing aids and hearing assistive products," said Matthew Moore, CEO of InnerScope Hearing Technologies. "We are proud to have Walmart.com choose our hearing aids and hearing assistive products for their customers. With the current average cost of hearing aids running about $5000.00, a set, it's no wonder why there are only 7 to 8 million Americans that currently use hearing aids when there are over 48 million that have reported some hearing loss and could benefit from using hearing aids or some hearing assistance. InnerScope's agreement with Walmart.com gives the Company and Walmart.com the opportunity to sell the 48 million Americans an affordable alternative to the traditional high cost of hearing aids at 75% to 80% less than the current average cost. Not to mention, the revenue potential is off the charts for both the Company and Walmart.com. Each person has two ears, that's 96 million potential hearing aid sales," continued Mr. Moore.
"We know the cost of hearing aids is just too high for most people that need them. However, there is even a greater cost that very few ever know about. The 'real' cost is much higher than the actual dollars spent. Those approximately 42 million Americans that suffer from hearing loss and can not afford to purchased hearing aids are potentially at high risk and in fact could be jeopardizing their overall health and well-being. Proper auditory stimulation from the use of hearing aids may reduce health issues associated with of untreated hearing loss, including cognitive issues, such as Dementia and Alzheimer's disease. We believe with Walmart.com as retailer of InnerScope's hearing products, more people will recognize the need to treat their hearing issues sooner than later and thereby reduce unnecessary health risks, due to untreated hearing loss," Mr. Moore concluded
About InnerScope Hearing Technologies (INND):
InnerScope Hearing Technologies (INND) is a technology driven company with highly scalable B2B and B2C solutions. The Company plans on offering a B2B SaaS based Patient Management System (PMS) software program, designed to improve operations and communication with patients. INND also offers a Buying Group experience for audiology practice, enabling owners to lower product costs and increase their margins. INND will also compete in the DTC (Direct-to-Consumer) markets with its own line of "Hearable", and "Wearable" Personal Sound Amplifier Products (PSAPs) and revolutionary APPs on the iOS and Android markets.
INND has plans on opening, operating and expanding a chain of audiological and retail hearing device clinics. INND's seasoned team of professionals, with collectively over 200+ years of experience in the hearing aid industry, including successful operations in hearing aid manufacturing and retail store management. Our team has the knowledge, relationships, and the experience to quickly deploy new products and software to serve approximately 1.2 billion people around the globe that are suffering with 25 db or greater hearing loss. For more information, please visit: www.innd.com
Wal-Mart.com USA, LLC, a wholly-owned subsidiary of Wal-Mart Stores, Inc. was founded in 2000 and is headquartered in Brisbane, California. The company offers online retail services and sells products in various categories within in the United States, APO/FPO military addresses, Samoa, Guam, Northern Mariana Islands, Puerto Rico, and Virgin Islands.
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.
Links to InnerScope Hearing Technologies' Hearing Aids on Walmart.com:
Alpha 3 Hearing Aid by InnerScope Hearing Technologies:
Alpha 5 Hearing Aid by InnerScope Hearing Technologies:
Alpha 9 Hearing Aid by InnerScope Hearing Technologies:
Links to InnerScope Hearing Technologies' Personal Sound Amplifiers (PSAPs) on Walmart.com:
Teeny Personal Sound Amplifier:
Crescent Personal Sound Amplifier:
BlackCat Personal Sound Amplifier: