InnerScope Hearing Technologies (OTCQB: INND) Records 758% Sales Growth
InnerScope's continues to disrupt $10 billion hearing aid industry with consistent sales growth numbers
ROSEVILLE, Calif., April 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- InnerScope Hearing Technologies Inc. (OTCQB: INND) ("InnerScope") a manufacturer and Direct-to-Consumer ("DTC") distributor/retailer of FDA-Registered Hearing Aids, Personal Sound Amplifiers Products, ("Hearing Products") Hearing Related Treatment Therapies, Doctor-Formulated Dietary Hearing Supplements and proprietary CBD Oil ("Hearing Health Products") (collectively "Hearing Product Portfolio"), announced today that its quarterly Sales Rose 758% in the quarter ending March 31, 2019 ("2019 Q1"). This increase reflects the revenue booked in 2019 Q1 (unaudited) compared to the same quarter ending March 31, 2018 ("2018 Q1").
"Within the last twelve months, we have invested heavily in creating a very positive sales momentum with the development of new hearing and hearing health related products to add to our Hearing Product Portfolio," said Matthew Moore, CEO InnerScope Hearing Technologies.
"The steady increase in sales is the result of our investment strategy to build multiple sales and product channels including strategically opening new audiological & hearing aid retail stores in large markets. This investment strategy, together with building a scalable sales and distribution platform has allowed InnerScope to open new markets creating more brand recognition and a wider range of new customers. We are excited that Walmart.com, Sears.com, and Kmart.com are among InnerScope's "Big Box" store distribution partners. Additionally, InnerScope's strategy also includes growing its sales and distribution platform by increasing the number of national and international distribution partners. InnerScope, is proudly disrupting the $10 billion (estimate) global hearing aid industry by giving consumers DTC access to affordable High-Quality Hearing and Hearing Health Products, which previously could only have been purchased through hearing healthcare professionals at much higher price points," concluded Mr. Moore.
About InnerScope Hearing Technologies ("INND")
InnerScope Hearing Technologies (OTCQB: INND) is a rapidly expanding consolidator of the hearing aid industry. Management is applying decades of profitable industry experience and technology to an antiquated and disjointed industry, unlocking scale and efficiency, which will serve all of InnerScope's stakeholders. Its direct-to-consumer model is revolutionizing the industry with its Walmart relationship representing a paramount shift in the consumption of hearing aids by the hearing impaired.
In addition, InnerScope plans to continue to open, acquire, and operate a physical chain of clinicsaid audiological and retail hearing. InnerScope's mission is to serve approximately 1.2 billion people around the globe that are suffering with 25 db or greater hearing loss across the entire hearing impaired vertical from R&D and manufacturing through direct consumer sales and services. For more information, please visit: www.innd.com. For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @inndstock Page. https://twitter.com/inndstock
This presentation contains forward-looking statements, which relate to future events or InnerScope Hearing Technologies future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words "believes," "should," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as result of a number of factors, including those described from time to time in InnerScope Hearing Technologies filings with the Securities and Exchange Commission. InnerScope Hearing Technologies undertakes no duty to update any forward-looking statements made herein.
InnerScope Hearing Technologies, Inc.
For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @inndstock Page.
Released April 10, 2019