InnerScopeLaunches its iHEAR Brand of Over-the-Counter Rechargeable HearingAid Models with Bluetooth Wireless Smartphone Connection and FullAudio Streaming on CVS.com.
ROSEVILLE, CA -- December1, 2022 -- InvestorsHub NewsWire --InnerScopeHearing Technologies Inc. (OTC:INND) ("InnerScope"), an emerging and disruptive leader in theOver-the-Counter (OTC) Hearing Aid space today announced that ithas launched four models of iHEAR branded Over-the-Counter ("OTC")Rechargeable Hearing Aids ("iHEAR OTC Rechargeable Hearing Aids")on CVS.com.The launch of the iHEAROTC Hearing Aids on CVS.com provides InnerScope with a much broadermarket penetration and distribution channel through CVS Health, thelargest U.S. pharmacy chain.
InnerScope's iHEAR OTCRechargeable Hearing Aids offers the latest hearing technology,including models with Bluetooth wireless app-controlled technologyusing a smartphone or tablet. In addition, two models provide fullaudio streaming for hands-free phone calls, listening to music orpodcasts, and noise reduction with directional microphonetechnology for better speech understanding in noisy environments.All iHEAR's OTC Rechargeable Hearing Aids come with a pocket-sizecharging unit that holds up to 3 to 4 charges, each lasting up to18 to 24 hours* on a single charge (*without audiostreaming.)
Typically, hearing aidswith the same technology and features sold and fit by hearinghealthcare professionals in traditional clinics would cost between$4,000 to $6,000 a pair or higher. However, since theFood andDrug Administration ("FDA") finalized the rule starting October 17,2022, allowing OTC hearing aids to be sold online and in majorretail stores and pharmacy chains without a prescription or a needto see a medical or hearing professional, CVS.com customers can now savethousands of dollars. The iHEAR OTC Rechargeable HearingAids are pricedbetween $499.99 to $999.99 for a pair and deliver the same hearingexperience satisfaction as the professionally fitted hearingaids.
"The launch of iHEAR OTCRechargeable Hearing Aids on CVS.com significantly bolsters theiHEAR brand and its market penetration," said Matthew Moore,President and CEO of InnerScope Hearing Technologies."Additionally, with this launch on CVS.com, we believe InnerScope,including its subsidiary, HearingAssist, currently has moredistribution channels with retail locations than any other OTChearing aid competitor," Moore continued.
"We are excited aboutlaunching iHEAR OTC Rechargeable Hearing Aids on CVS.com. OfferingInnerScope's iHear brand gives the CVS.com customer a variety ofiHEAR OTC models designed for all lifestyles and individual hearingneeds, including the latest in hearing technology that featuresBluetooth wireless app-controlled with Full Audio Streaming usingany smartphone. Full Audio Streaming Hearing Aids give the user theability to hear conversations clearly on the phone, streaming toboth hearing aids as well as listening to music and podcasts. Inaddition, we are proud to offer two models with Full AudioStreaming Hearing Aids. Normally, hearing aids with Full AudioStreaming capabilities would be five to ten times more expensive.However, we believe InnerScope is the only OTC hearing aid companyto offer Full Audio Streaming technology starting at $699.99,"concluded Mr. Moore.
iHEAR OTC RechargeableHearing Aids have three app-controlled models through the"myiHEAR"app that offer instant fine-tuning adjustments in any listeningenvironment for a better hearing experience. The myiHEAR app can bedownloaded by visiting myiHEAR on the AppStore(apple.com) or myiHEAR - Apps on Google Play.
Four Models of iHEAR OTC Rechargeable Hearing Aids are offered onCVS.com:
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About
CVS Health® isthe leading health solutions company, delivering care like no oneelse can. We reach more people and improve the health ofcommunities across America through our local presence, digitalchannels and over 300,000 dedicated colleagues – including morethan 40,000 physicians, pharmacists, nurses and nursepractitioners. Wherever and whenever people need us, we help themwith their health – whether that's managing chronic diseases,staying compliant with their medications or accessing affordablehealth and wellness services in the most convenient ways. We helppeople navigate the health care system – and their personal healthcare – by improving access, lowering costs and being a trustedpartner for every meaningful moment of health. And we do it allwith heart, each and every day. Follow @CVSHealth on socialmedia.
About InnerScope Hearing Technologies, Inc. (OTC PINK: $INND):
InnerScope Hearing Technologies Inc. is a manufacturer and distributor ofOTC Hearing Aids, Hearing Aid Accessories & HearingHealth-Related Products ("Hearing Products") dedicated toaddressing the global demand for affordable hearing solutions.InnerScope's Hearing Products and its B2C and B2B business modelbreak through the persistent barriers that prevent access toeffective and affordable hearing solutions.
InnerScope'srecent acquisition of iHear Medical Inc.,a Direct-to-Consumer("DTC") cloud-based hearing solution provider, gives the Companyaccess to over 40 patents and an R&D facility. In addition,InnerScope has acquired HearingAssist,an established leadersince 2008 in the DTC hearing aid market with a customer base ofover 400,000. These acquisitions, combined with a partnershipwith Atlazo Inc.,a semiconductor innovatorfor next-generation AI smart devices, will allow InnerScope tobetter position itself in the OTC hearing aid market by sellingadvanced Hearing Products through Walmart and many other majorretailers and pharmacy chains.
InnerScope's full line ofHearing Products is currently available through these multipleretail/wholesale distribution channels: Walmart Vision Centers, Walmart.com,Walmart Canada,RiteAid.com,BestBuy.com, Amazon.com, Fingerhut.com,Giant Eagle, Hy-Vee,Hartig Drug, Food City, Cardinal Health™ at-Home, Carewell.com FSAStore.com, HSAStore.com, WellDeservedHealth.com,and Topco Associates representing 1000's of stores. Comingsoon: Wakefern Food Corp. /ShopRite,SpartanNash / VG's Grocery / FamilyFare / Martin's Super Markets.More in-store and onlineHearing Products will be launching soon with major retailers andpharmacy chains.
For information relatedto InnerScope Hearing Technologies' latest hearing aids and relatedhearing products, please visit:
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Acquisition of iHear Medical Inc.
SafeHarbor
This news releasecontains "forward-looking statements" within the meaning of Section27A of the Securities Act of 1933, as amended, and Section 21E ofthe Securities Exchange Act of 1934, as amended intended to becovered by the "safe harbor" created by those sections. Anystatements that are not historical facts contained in this pressrelease are also "forward-looking statements" as that term isdefined 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 ofsimilar meaning. Such forward-looking statements are based oncurrent expectations, involve known and unknown risks, a relianceon third parties for information, transactions or orders that maybe cancelled, and other factors that may cause our actual results,performance or achievements, or developments in our industry, todiffer materially from the anticipated results, performance orachievements expressed or implied by such forward-lookingstatements. Factors that could cause actual results to differmaterially from anticipated results include risks and uncertaintiesrelated to the fluctuation of global economic conditions, theperformance of management and our employees, our ability to obtainfinancing or maintain contractual relationships with vendors andcustomers, competition, general economic conditions and otherfactors that are detailed in our periodic reports filed with theSecurities and Exchange Commission ("SEC"). We intend that allforward-looking statements be subject to the safe-harbor provisionsof the PSLRA, Securities Act and Securities ExchangeAct.
Contact:
InnerScope HearingTechnologies, Inc.
InvestorRelations
ir@innd.com
833-788-0506
InvestorRelations Agency Contact:
Skyline Corporate CommunicationsGroup, LLC
Lisa Gray, Senior AccountManager
One Rockefeller Plaza, 11thFloor
New York, NY10020
Office: (646)893-5835
Email:lisa@skylineccg.com
