World News: 13:15 GMT Wednesday 11th September 2019. [InnerScope Hearing Technologies, Inc. via Globe Newswire via SPi World News]
ROSEVILLE, Calif., Sept. 11, 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"), has signed Agreements (the "Agreements") with ("BONUM HEALTH") for the initial order to distribute its fully automated (unattended) ("Hearing Kiosks") and its affordable Hearing Product Portfolio (collectively "Hearing Kiosks and Point of Sale Products") to 200 locations of independent and corporate-owned retail pharmacies located throughout the United States. The Agreements not only gives InnerScope a significant increase in market share and market penetration by having 200 new distribution locations for its Hearing Product Portfolio, but also a new in-store revenue model that can be easily duplicated in thousands of locations nationwide.
Given the initial order of the Agreements, including subsequent orders to immediately follow, InnerScope is currently ramping up production of its Hearing Kiosks and inventory of its Hearing Product Portfolio, and plans to immediately start delivering (within 30 days) to . BONUM HEALTH expects to increase the number to 500 pharmacy locations by the end of 2019 for InnerScope's Hearing Kiosks and Point of Sale Products, with the anticipation of increasing to thousands of locations starting in 2020.
InnerScope's Hearing Kiosks are ultimately part of BONUM HEALTH's overall plan to offer hearing healthcare services within its newly developed Bonum Health Hubs to be located inside thousands of independent pharmacies across the country. The Bonum Health Hub is a stand-alone healthcare model that gives the public one place to conveniently receive a variety of health related services. In addition, Bonum Health Hubs will offer access to healthcare that some consumers may not have.
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 , and 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 clinics aid audiological and retail hearing. InnerScope's mission is to serve approximately 1.2 billion people around the globe that are suffering with 25db 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: . For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @inndstock Page.
Bonum Health is a Telehealth provider that gives its members an access to licensed medical doctors 24/7/365 via phone call or video call. Bonum Provides access to its platform via Web and Phone App available both on IOS and Android and can treat Primary Care, Behavioral Health and Dermatology Conditions. Bonum Health Offers the most Cost Effective pricing through their Subscription and Per Consult Model.
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Founded in 2009, Benzer Pharmacy is a chain of independent retail pharmacies specializing in compounding and specialty medication. Currently, there are 82 corporate-owned and 34 franchise locations situated throughout 29 states, including Florida, Michigan, Virginia, West Virginia, North Carolina, Tennessee, Texas, Georgia, Nevada, Louisiana, New York, Missouri, Mississippi, Maryland, Ohio, Indiana, and Idaho. Projections call for continued rapid growth as the organization seeks to substantially increase its customer base, while ensuring experiences match expectations at every touch point. For more information, please visit:
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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. Investor Relations
For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB: INND), please visit and follow our Official Twitter account @inndstock Page.
Globe Newswire: 13:15 GMT Wednesday 11th September 2019
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