InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, announced that HearingAssist, its wholly owned subsidiary, has received orders from Walmart for more than $277,000 worth of its EZ-Hear Neckband Bluetooth Hearing Amplifier. According to the announcement, the devices will be displayed in more than 750 Walmart stores located throughout Texas, North Carolina, Tennessee, Colorado and Arizona. HearingAssist is Walmart’s largest direct-ship and wholesale hearing aid supplier. HearingAssist is ramping up product of the hearing amplifiers to fill the orders and is also rolling out hearing-aid product displays; the company anticipates receiving additional orders for the devices moving forward. The EZ-Hear Neckband Bluetooth Hearing Amplifier is designed to be a fully rechargeable, Bluetooth hearing amplifier that provides hearing amplification combined with easy-to-use, hands-free calling on a smartphone; it also allows for music streaming from a smartphone. The EZ-HEAR features a strong noise filter that creates little to no feedback from amplification. “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 InnerScope president and CEO Matthew Moore in the press release. “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.”
To view the full press release, visit https://ibn.fm/sXZFf
About InnerScope Hearing Technologies Inc.
InnerScope 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”) 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. The company’s recent acquisition of iHear Medical Inc., a DTC cloud-based hearing solution provider, gives InnerScope access to more than 40 patents and an FDA-registered manufacturing and R&D facility. InnerScope also acquired HearingAssist, an established leader in the direct-to-consumer hearing aid market with a customer base of more than 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 DTC hearing-solutions market by selling innovated proprietary advanced-hearing products through Walmart and other Big Box retailers. For more information, please visit www.INND.com.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
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