InnerScope Hearing Technologies (OTC: INND) Receives Walmart Purchase Orders of $277,000+ for In-Store Product Sales
InnerScope Hearing Technologies (OTC: INND) announced that its subsidiary, HearingAssist, secured purchase orders exceeding $277,000 from Walmart for the EZ-Hear Neckband Bluetooth Hearing Amplifier. This product will be featured in 757 Walmart stores across Texas, North Carolina, Tennessee, Colorado, and Arizona. Enhanced production is underway to meet demand, with expectations of continued sales growth in Q4 2021 and a strong trajectory into 2022. The EZ-Hear's features include hands-free calling and music streaming. InnerScope is positioning itself as a leader in affordable hearing solutions.
- Secured purchase orders of over $277,000 from Walmart.
- Expanded distribution in 757 Walmart stores across 5 states.
- Increased production capacity for the EZ-Hear Neckband Hearing Amplifier.
- Expected sales growth starting in Q4 2021 and a promising outlook for 2022.
- None.
ROSEVILLE, Calif., Dec. 08, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- InnerScope Hearing Technologies Inc. (OTC: INND) ("InnerScope"), an emerging and disruptive leader in the Direct-to-Consumer Hearing Technology space, is pleased to announce today its wholly-owned subsidiary, HearingAssist, Walmart's largest direct-ship and wholesale hearing aid supplier, has received purchase orders from Walmart totaling over
HearingAssist has ramped up its current production of the EZ-Hear Neckband Bluetooth Hearing Amplifiers and its distribution to 757 Walmart stores in 5 states (Texas, North Carolina, Tennessee, Colorado, and Arizona) to meet the demand for in-store Walmart purchases. In addition, HearingAssist is currently rolling out hearing aid product displays to the 757 Walmart stores and expects to continue receiving and fulfilling additional purchase orders for the EZ-Hear Neckband Hearing Amplifiers.
The EZ-Hear Neckband Bluetooth Hearing Amplifier (“EZ-Hear”) is a fully rechargeable Bluetooth hearing amplifier that combines hearing amplification with easy-to-use hands-free calling with a smartphone and music streaming. The EZ-HEAR is designed for every occasion with a strong noise filtering feature, little to no feedback from amplification, and is simple and easy-use with minimal buttons. The EZ-Hear has modern features including hands-free phone calls and streaming your music via Bluetooth from any smartphone. Easily answer phone calls or pause music with the touch of a button. This neckband has a sleek modern design that provides all-day comfort due to its lightweight design.
"With our recent Acquisition of HearingAssist, we are excited to continue to build on the Walmart relationship with HearingAssist affordable hearing products offered at Walmart in-store and on Walmart.com," said Mr. Matthew Moore, president and CEO of InnerScope. "We anticipate HearingAssist's continued sales growth with Walmart starting in the fourth quarter of 2021 as we execute our marketing plan. Additionally, we believe the path and trajectory of these initial Walmart purchase orders will put HearingAssist on track for a banner year in 2022."
About InnerScope Hearing Technologies, Inc. (OTC PINK: INND):
InnerScope Hearing Technologies Inc. is a leading Direct-to-Consumer (DTC) manufacturer and distributor of FDA-registered hearing aids, hearing assistive devices, hearing health-related products, and Personal Sound Amplifier Products (PSAPs) ("Hearing Products") dedicated to addressing the global demand for affordable hearing solutions. InnerScope's Hearing Products and its business model break through the persistent barriers that prevent access to effective hearing solutions.
InnerScope's recent acquisition of iHear Medical Inc., a DTC cloud-based hearing solution provider, gives the Company access to over 40 patents and an FDA-registered manufacturing and R&D facility. In addition, InnerScope has acquired HearingAssist, an established leader in the direct-to-consumer hearing aid market with a customer base of over 400,000. These acquisitions, combined with a partnership with Atlazo Inc., a semiconductor innovator for next-generation AI smart devices, will allow InnerScope to take the lead position in the direct-to-consumer hearing solutions market by selling innovated proprietary advanced hearing products through Walmart and other major Big Box retailers.
InnerScope's full line of Hearing Health products is currently available through these multiple retail/wholesale channels: Walmart.com, Amazon.com, Giant Eagle, Hy-Vee, Hartig Drug, Food City, and Cardinal Health dba RGH Enterprises Inc., which provides products to FSAStore.com, HSAStore.com, and WellDeservedHealth.com. Additional major retailers in-store and online are launching soon.
For information related to InnerScope Hearing Technologies’ latest hearing aids and related hearing products, please visit:
http://iheardirect.com
For the most up-to-date information about InnerScope Hearing Technologies (OTC: INND), please visit and follow our official Twitter account @inndstock page:
https://twitter.com/inndstock
InnerScope Hyperlinks:
HearingAssist
hearing assist - Walmart.com
The EZ-Hear Neckband Hearing Amplifier
Acquisition of iHear Medical Inc.
Acquisition of HearingAssist
Direct-to-Consumer Hearing Products.
InnerScope's Hearing Health Flexible Subscription Plans
Safe Harbor
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, intended to be covered by the "safe harbor" created by those sections. Any statements that are not historical facts contained in this press release are also "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA). Such statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be canceled, and other factors that may cause our actual results, performance or achievements, or developments in our industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or maintain contractual relationships with vendors and customers, competition, general economic conditions and other factors that are detailed in our periodic reports filed with the Securities and Exchange Commission ("S.E.C."). We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA, Securities Act, and Securities Exchange Act.
Contact:
InnerScope Hearing Technologies, Inc.
Investor Relations
ir@innd.com
833-788-0506
www.innd.com
Investor Relations Agency Contact:
Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: lisa@skylineccg.com
For the most up-to-date information about InnerScope Hearing Technologies (OTC: INND), please visit and follow our official Twitter account @inndstock page.
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FAQ
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