ROSEVILLE, Calif., March 29, 2022 (GLOBE NEWSWIRE) — via InvestorWire– InnerScope Hearing Technologies Inc. (OTC: INND) (“InnerScope”), an emerging and disruptive leader in the Direct-to-Consumer Hearing Technology space, today announced that its subsidiary HearingAssist has launched its branded hearing products and related supplies on RiteAid.com. The initial launch included HearingAssist’s hearing aid care and assorted hearing aid batteries, earwax removal ear spray, and a Wireless Neckband TV Listener Hearing Amplifier (‘HearingAssist Products”).
Please Click: RiteAid.com to access the HearingAssist Hearing Products page.
With the upcoming Over-The-Counter (OTC) Hearing Aid Law (“OTC Hearing Aid Law”) being pursued by U.S. Senators to be enacted as soon as possible, which allows OTC approved hearing aids to be sold without a prescription at pharmacies and big-box stores, the management teams at HearingAssist and InnerScope have been successfully forging relationships with major retailers and pharmacy chains to help create a new hearing healthcare category within each store. Additionally, these newly established hearing healthcare categories have allowed InnerScope and HearingAssist, ahead of the OTC Hearing Aid Law, to offer various hearing-related products on multiple leading retailers’ websites, including Personal Sound Amplifier Products (“PSAPs”) that were never offered before.
Once the OTC Hearing Aid Law becomes enacted, InnerScope and HearingAssist believe, with its current and upcoming retailer vendor agreements, will be well-positioned to rollout HearingAssist’s and InnerScope’s iHear brand of OTC hearing aids for customers to purchase in-store at each of the retailers’ locations and online through the retailers’ website.
“The management teams of HearingAssist and InnerScope are proud to offer HearingAssist Products for all Rite Aid customers,” stated Matthew Moore, President and CEO of InnerScope Hearing Technologies. “The launch of HearingAssist Products on RiteAid.com increases InnerScope’s and HearingAssist’s market penetration and brand recognition ahead of the OTC Hearing Aid Law. In addition, the management teams of InnerScope and HearingAssist have helped guide retailers to offer a new hearing healthcare category, which has allowed us to be the first (and in many cases) the only company to currently offer hearing products and related hearing aid supplies on the retailers’ websites ahead of the OTC Hearing Aid Law (which includes for many retailers InnerScope’s in-store Self-Check Hearing Screening Kiosks & Online Hearing Screening Check). When the OTC Hearing Aid Law becomes enacted, InnerScope and HearingAssist, having already established a distribution retailer network, will emerge as one of the leading OTC hearing aid companies.”
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 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, Walmart Canada, RiteAid.com, Amazon.com, Giant Eagle, Hy-Vee, Hartig Drug, Food City, and Cardinal Health dba RGH Enterprises Inc., which provides InnerScope products to FSAStore.com, HSAStore.com, & WellDeservedHealth.com. Additional in-store and online through major retailers and pharmacy chains are launching soon.
For information related to InnerScope Hearing Technologies’ latest hearing aids and related hearing products, please visit:
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About Rite Aid Corporation:
As the trusted, standard care connector, Rite Aid drives lower health care costs through better coordination, stronger engagement, and personalized services that help you achieve whole health for life. We provide an array of whole-being health products and services for the entire family through over 2,450 retail pharmacy locations across 17 states. Through Elixir, we provide pharmacy benefits and services to millions of members nationwide. For more information, www.riteaid.com.
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.
InnerScope Hearing Technologies, Inc.
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: [email protected]