InnerScope Hearing
Technologies (OTC: INND) CEO to
Present at The Emerging Growth Conference on June 8,
2022
InnerScope invites
individual and institutional
investors as well as
advisors and analysts to
attend its real-time,
interactive presentation at the
Emerging Growth Conference.
ROSEVILLE, CA -- June 7, 2022 --
InvestorsHub NewsWire -- InnerScope Hearing Technologies Inc.
(OTC:
INND) ("InnerScope"), an emerging and disruptive leader in the
Direct-to-Consumer Hearing Technology space, announces today its
CEO, Matthew Moore, has been invited to present at the Emerging
Growth Conference on Wednesday, June 8, 2022. Moore
is scheduled to present at 2:30 p.m. EST / 11:30 a.m.
PST.
The Emerging Growth Conference is a
live interactive online event that will allow InnerScope's existing
shareholders and the investment community to interact with InnerScope's CEO in
real-time.
Moore will perform a presentation and may subsequently open the floor for questions. Anyone can ask questions during the event, and Mr. Moore will do his best to get through as many of them as possible.
InnerScope will be
presenting at 2:30 - 3:00 p.m. Eastern
Time on Wednesday, June 8, 2022.
Please register here to ensure you can attend the conference and receive any released updates.
If attendees cannot join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com, and we will also release a link to that after the event.
Moore's presentation will focus on
how InnerScope is well-positioned in the new upcoming emerging
over-the-counter hearing aid device market with the Over the Counter Hearing Aid Act (the
"OTC Hearing Aid Act") that Congress passed
(expected to be enacted
within the 3rd
or 4th
quarter of 2022) which
allows hearing aids to be sold in retail stores and pharmacies
without a prescription or be seen by a hearing professional. In
addition, Moore will highlight InnerScope's recent acquisitions and
its numerous wholesale vendor agreements with major retailers and
pharmacy chains, including its wholly-owned subsidiary,
HearingAssist, Walmart's largest wholesale hearing device
supplier.
Overview of the Hearing Aid Device
Market
The U.S. hearing aid device market is
a $5 billion dollar market. Ninety-eight percent (98%) of all
hearing aids are sold and fit by hearing care professionals in
brick and mortar clinics (the "Current Sales & Delivery
Model"). However, the Current Sales & Delivery Model only has a
market penetration of about fourteen percent (14%) of the
approximate 70
million people in North America alone who have some form of hearing
impairment. The
low market penetration is mainly due to high costs (average range
between $2,000 to $4000 per ear) and lack of accessibility to
hearing screening tests and affordable hearing aids. The OTC
Hearing Aid Act will give greater access through major retailers
and pharmacy chains to provide more affordable hearing aids by
cutting out the middleman (the hearing care
professional).
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, BestBuy.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:
http://iheardirect.com
http://hearingassist.com
www.innd.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
Acquisition of iHear Medical Inc.
Acquisition of HearingAssist
Direct-to-Consumer Hearing Products.
About the Emerging Growth
Conference
Through its evolution,
EmergingGrowth.com found a niche in identifying
companies that can be overlooked by the markets. The Emerging
Growth Conference was launched to showcase niche companies in
specific sectors. It identifies companies with strong management
teams, innovative products & services, focused strategy,
execution, and the overall potential for long-term
growth.
The Conference focus and coverage
include companies in a wide range of growth sectors, with strong
management teams, innovative products & services, focused
strategy, execution, and the overall potential for long-term
growth. Its audience includes potentially tens of thousands of
Individual and Institutional investors, as well as Investment
advisors and analysts.
All sessions will be conducted
through video webcasts and will take place in the Eastern time
zone. Each company's presentations will be delivered by its
executive management team. The Emerging Growth Conference focus and
coverage include a wide range of growth sectors and timely market
themes, including augmented reality, artificial intelligence,
scientific, medical instruments and therapeutics, biotechnologies,
cannabis, food & beverage, energy, and more.
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 cancelled, 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
("SEC"). 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
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