InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, recently announced its acquisition of Hearing Assist II LLC (“HearingAssist”). A long established leader in the market, HearingAssist has sold over 500,000 hearing aids since 2008 and has generated upwards of $72 million in top-line revenues since 2018, transforming into Walmart’s largest hearing aid supplier in the process. The acquisition will enable InnerScope to accelerate its revenue and growth strategy, as it consolidates the sales generated by HearingAssist’s hearing product kiosks, which are currently in place across 757 Walmart stores in five states. Following the acquisition, the company also revealed plans to release a joint marketing campaign, seeking to build upon HearingAssist’s brand message as “America’s No. 1 Affordable Hearing Brand.” “Today is a tremendous milestone for InnerScope. I’m delighted to welcome the HearingAssist team, who share our passion for providing convenient and affordable hearing products for the tens of millions of Americans who suffer from hearing loss,” Matthew Moore, president and CEO of InnerScope, was quoted in a recent article. “The HearingAssist acquisition is another meaningful step in advancing our strategy to grow as a leader and innovator in the direct-to-consumer hearing aid market.”
To view the full article, visit https://ibn.fm/6tMLQ
About InnerScope Hearing Technologies Inc.
InnerScope is a leading manufacturer and distributor of FDA-registered hearing products and personal sound amplifier products (“PSAPs”), dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s products and business model break through the persistent barriers that prevent access to effective hearing solutions. With its recent acquisition of iHEAR Medical, InnerScope is poised to expand its leadership in the direct-to-consumer hearing solutions market with innovative hearing products offered to consumers at a fraction of the cost of conventional hearing aids sold in hearing aid centers. For more information about the company, visit www.INND.com.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.
