- InnerScope officially “Pink Current” after filing reports with OTC Markets
- Company CEO and President Matthew Moore will be presenting at SNN Network Summer Virtual Event 2021 on Wednesday, Aug. 18 at 3:00 p.m.
- Company’s DTC hearing aid demand expected to grow following Biden Executive Order directed at market liberalization
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, will be presenting at the SNN Network Summer Virtual Event at 3:00 p.m. on Wednesday, Aug. 18, 2021. In addition to hosting the event, InnerScope Hearing Technologies CEO and President Matthew Moore will answer investor questions on various topics, including the upcoming deregulation of the hearing aid market (https://ibn.fm/fyadn).
The company, now officially “Pink Current” after filing reports with OTC Markets (https://ibn.fm/a7iec), will be providing critical information about its recently released direct-to-consumer hearing aid products currently available at the company’s online store. Demand for InnerScope’s OTC hearing aid products is expected to increase sharply as a result of President Biden’s sweeping executive order that directs the U.S. Department of Health and Human Services “to consider issuing proposed rules within 120 days for allowing hearing aids to be sold over the counter” (https://ibn.fm/Zbg4D).
“InnerScope is very pleased to announce today that we are again current with our financial reporting,” said Moore. “We also plan to upgrade our security to the OTCQB once we meet the independent director and other requirements and hope to announce this in the near term. Both of these steps are expected to increase shareholder value and, once these items are in our rearview mirror, allow us to continue focusing on driving market penetration and revenue expansion for InnerScope’s innovative and affordable direct-to-consumer hearing products.”
In anticipation of the increased over-the-counter (“OTC”) demand for hearing aids, InnerScope launched a six-month national “Media Blitz” campaign aimed at an estimated 48 million Americans currently suffering from hearing loss (https://ibn.fm/LuBmy). Along with a minimum of 660 commercials and 156 digital billboards running throughout lower Manhattan in New York City, the campaign will also include spots on major networks that include Fox News, Bloomberg, Fox Business Network, CNN, CNBC, Newsmax TV, and MSNBC.
“The launch of our Hearing Loss Media Blitz Campaign could not have come at a better time, especially after last week’s executive order from President Biden,” said Moore. “InnerScope’s hearing aids work with any smartphone, require no medical evaluation or professional help, and deliver the same personalized hearing quality and satisfaction as hearing aids sold by hearing care professionals.”
Doctor-prescribed hearing aids can cost up to $6,000 for each device, putting them out of reach for millions of hearing-impaired people throughout the world (https://ibn.fm/Fh0Yg). As a result, InnerScope is ideally positioned to capture significant market share of the OTC market with direct-to-consumer sales of its Bluetooth-powered self-adjusting rechargeable hearing aids, doctor-formulated health supplements and other hearing-related products at its dedicated online store.
To register for the SNN Network Summer Virtual Event, please visit https://conference.snn.network/signup.
To learn more about InnerScope Hearing Technologies, please visit the company’s website at 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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