InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, recently announced it had appointed the audit services of CPA firm Paris, Kreit & Chiu LLP (“PKC LLP”) to perform an independent audit of the company’s 2019, 2020 and Q1-Q3 2021 financial statements. “InnerScope also seized on the occasion to announce that the company intended to file a Form-10 or S-1 to become an SEC fully reporting company once the audit was complete and submitted to the SEC, FINRA and other relevant agencies,” reads a recent article. InnerScope has sought to establish a commanding position within the DTC hearing solutions market through the sale of advanced hearing products through Walmart and other major retailers. The company recently raised $300,000 in restricted equity, coinciding with the recent reporting of its 3Q21 earnings. InnerScope used the funds to redeem outstanding convertible notes, finance ongoing marketing efforts, and finance the closing costs for the acquisition of HearingAssist, a long-established leader in the DTC hearing aid market and Walmart’s largest hearing aid supplier, “with the express intent to create a ‘powerful disruptive company in the global hearing device market.’”
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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”) (“hearing products”) dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s 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 better position itself in the direct-to-consumer hearing solutions market by selling advanced hearing products through Walmart and other major 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. 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 www.iHearDirect.com and www.HearingAssist.com. For the most up-to-date information about InnerScope, please visit and follow its official Twitter account @inndstock page: https://twitter.com/inndstock.
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