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Monday, October 25, 2021

InnerScope Hearing Technologies (OTC: INND) Parabolic Runner as Hearing Aid Pioneer Joins BJ’s Wholesale Club and is Featured in 12 Part NewsMax Series

(INND) InnerScope Hearing Technologies, an exciting Company makes a move on the booming $5 billion dollar hearing aid market is making a powerhouse run up the charts in recent days attracting legions of new shareholders and emerging as among the top most traded stocks in small caps. Currently under heavy accumulation with INND trading $27 million plus in dollar volume on Friday alone, as the stock looks to take out $0.098 highs and enter into a blue-sky breakout! INND is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars. The stock started moving in December and has been on an upward run since than recently emerging as among the most talked about stocks in small caps. INND is well-positioned to directly benefit from the Over-the-Counter Hearing Aid Act which is expected to be enacted early this year; the Company also plans to launch a line of kiosks once hearing aids are available OTC in the U.S. 

Its easy to get excited about INND, a manufacturer, distributor, and retailer of FDA-Registered Direct-to-Consumer Self-Fitting-Self-Adjusting Hearing Aids. The Company recently reported it plans to launch its latest breakthroughs in Hearing Technology with its New Smartphone Controlled Direct-to-Consumer Self-Fitting-Self-Adjusting Rechargeable Hearing Aids with built-in Professional Remote Programming & Support Service. With the launch planned to begin spring of 2021, InnerScope as a wholesale vendor for Walmart will be updating its storefront on Walmart.com and other major online retailers for more enhanced visibility to achieve greater sales conversions. Check out the app here. INND is making big moves like just being accepted into BJ’s Wholesale Club operating 215+ Locations in 17 States. NEW York & Florida being 2 to highlight with 2020 revenues at $15.3 billion. The Company is starting to attract mainstream press including Fox Business News, Bloomberg and a 12-part series by Newsmax with the first episode airing on Sunday Night, April 11. Management has been working hard behind the scenes getting the filings up to date on its way to becoming fully reporting “pink current”  

InnerScope Hearing Technologies (OTC: INND) operating from professional drive in Roseville, California, INND is a manufacturer, distributor, and retailer of FDA-Registered Direct-to-Consumer Self-Fitting–Self-Adjusting Hearing Aids, Self-Fitting–Self-Adjusting Personal Sound Amplifiers Products, Doctor-Formulated Dietary Hearing & Tinnitus Supplements, and Assorted Ear & Hearing Health-Related Products its mission is to improve the quality of life of the 70 million people in North America who suffer from hearing impairment and/or hearing-related issues. The management team of InnerScope is applying decades of industry experience and believes it is well-positioned to directly benefit from the Over-the-Counter Hearing Aid Act (expected to be enacted in early 2021). InnerScope with its Affordable Self-Fitting – Self-Adjusting Hearing Technology, combined with its innovative point of sale Hearing Screening Kiosks designed for consumers with mild-to-moderate hearing loss to purchase over-the-counter hearing aids without being seen by a hearing care professional.   

The Company is currently in the launch phase of its latest breakthroughs in Hearing Technology with its New Smartphone Controlled Direct-to-Consumer Self-Fitting-Self-Adjusting Rechargeable Hearing Aids with built-in Professional Remote Programming & Support Service.  With the launch of Self-Fitting Hearing Aids, InnerScope will be replacing all of its legacy hearing aid products that are either not rechargeable or requires separate remote control to make adjustments. The Self-Fitting Hearing Aids provides the consumers an easy, accurate, and straightforward way to fit themselves in under 5 minutes using their Smartphone. Moreover, InnerScope believes its Self-Fitting Hearing Aids deliver the same quality hearing experience and satisfaction for thousands of dollars less than a professionally in-office fitted hearing aid. InnerScope believes its DTC Self-Fitting Hearing Aids have the same capabilities to deliver a personalized hearing experience unique to an individual hearing needs, just as hearing aids are sold and fit by licensed hearing aid providers. The difference is InnerScope can provide this personalized hearing experience at 60% to 85% lower cost versus hearing aids sold and fit by licensed hearing aid providers.  

With the launch planned to begin spring of 2021, InnerScope as a wholesale vendor for Walmart will be updating its storefront on Walmart.com and other major online retailers for more enhanced visibility to achieve greater sales conversions. Concurrently, InnerScope is working on rolling out its Self-Fitting Hearing Aids and its other Hearing Products with major brick and mortar retailers starting Spring 2021.  InnerScope is also currently in the middle of completely revamping its NoHassleHearing.com eCommerce sales platform. InnerScope has brought in award-winning Shopify SEO experts to develop advanced SEO features with Shopify themes with fully optimized product filter/tag pages, which unleash 1000’s more store URLs in the search engines. InnerScope expects this will increase NoHassleHearing.com’s organic visibility by 1000% in just four weeks.  

The Company is led by CEO Matthew Moore who literally grew up in the hearing health industry, with having internships and mentorships beginning with his Grandfather who has personally helped over 20,000 hearing- impaired patients in his private hearing aid practice since the 1940s. At the age of 10, Matthew was working in the Marketing Department of his parents private hearing aid practice. By the age of 22, Matthew became a full partner in his parents hearing aid business, which then grew to one of the largest private hearing aid practices in the United States with over 70 locations and over 40,000 customers in a 10-year period. Several years ago, the family sold off the remaining locations for $14 million. As CEO of InnerScope, Mr. Moore has been making one big move after another recently forming distribution partnerships with Walmart, Sears, and other Big Box Retailers/Pharmacies as well as independent retailers and pharmacies for InnerScope’s Products and Services.  

INND operates in the booming hearing aids space; According to a report from Fortune Business Insights the global hearing aids market is set to gain impetus from the increasing adoption of telehealth among audiologists to prevent patient traffic. The report further states that the market size was USD 8.99 billion in 2019 and is projected to reach USD 13.38 billion by 2027, exhibiting a CAGR of 8.2% during the forecast period.  

Investor Sentiment in INND is high:

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In March the Company entered into a collaboration agreement with California based GTX Corp, (engaged in developing, manufacturing, and selling Health & Safety wearable GPS human and asset tracking technologies) to collaborate on projects and resell products services for both companies domestically and internationally. Under the Agreement, GTX will have a non-exclusive reseller license to offer for sale InnerScope’s Hearing Aid Devices and Related Hearing Products and Services through GTXCorp.com, GTX Online Store, Amazon, and through domestic and international distributors servicing customers in over 35 countries. Also, the Agreement allows InnerScope to have a non-exclusive reseller license to offer for sale GTX’s products and services through InnerScope’s multiple retailer vendor agreements for the retailers’ online sales portal and InnerScope’s own online sales portal, NoHassleHearing.com. The Agreement gives both companies the ability to cross-promote certain products and services. Additionally, InnerScope and GTX will collaborate on future projects that fit both mutual core competencies and secure new B2B and B2C distribution channels in both the government and private sectors. 

InnerScope will be launching its Latest in Direct-to-Consumer Hearing Aid Technology with its Smartphone App-Controlled Self-Fitting – Self-Adjusting Rechargeable Hearing Aids (“Self-Fitting Hearing Aids”) on GTXCorp.com and GTX Online Store in the next week. Based on the gaining interest for its Self-Fitting Hearing Aids, InnerScope anticipates, after the launch, a high volume of sales from multiple online sales portals. 

The Company launched its hearIQ App in 172 countries in the Apple App Store for iOS devices and Google Play Store for Android devices. The hearIQ App is a multi-functional app, which offers to the general public a FREE Self-Administered Hearing Test to determine hearing loss (if any) and also provides a Bluetooth wireless connection (“App Controlled”) for InnerScope’s Direct-to-Consumer Self-Fitting-Self-Adjusting Hearing Aids. The hearIQ App is specifically designed to help with early detection of hearing loss for the 48+ million Americans as well as the 1.5 billion people worldwide who may have an undetected hearing loss or may be living with some degree of hearing loss, according to the World Health Organization (“WHO”). More importantly, if hearing loss is detected, the hearIQ App directly links to InnerScope’s Direct-to-Consumer Hearing Products. Since the hearIQ App became activated only nine days ago, it has already received over 440 reviews and has a FIVE-STAR RATING from Apple and Android users. 

INND is well-positioned to directly benefit from the Over-the-Counter Hearing Aid Act which is expected to be enacted early this year. InnerScope’s Self-Fitting Hearing Aids deliver 21st Century hearing aid technology right to everyone’s fingertips just by using their smartphone at an affordable price. InnerScope’s Self-Fitting Hearing Aids empowers the user to take full control of their hearing health needs. InnerScope believes the solid foundation the Company has built over the last three years puts them in a prime position to be a leader in the emerging DTC/OTC hearing aid market. With InnerScope’s current and upcoming retail distribution/vendor sales channels producing consistent and ongoing revenue growth. 

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(INND) InnerScope Hearing Technologies, an exciting Company makes a move on the booming $5 billion dollar hearing aid market is making a powerhouse run up the charts in recent days attracting legions of new shareholders and emerging as among the top most traded stocks in small caps. Currently under heavy accumulation with INND trading $27 million plus in dollar volume on Friday alone, as the stock looks to take out $0.098 highs and enter into a blue-sky breakout! INND is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars. The stock started moving in December and has been on an upward run since than recently emerging as among the most talked about stocks in small caps. INND is well-positioned to directly benefit from the Over-the-Counter Hearing Aid Act which is expected to be enacted early this year; the Company also plans to launch a line of kiosks once hearing aids are available OTC in the U.S.  Its easy to get excited about INND, a manufacturer, distributor, and retailer of FDA-Registered Direct-to-Consumer Self-Fitting-Self-Adjusting Hearing Aids. The Company recently reported it plans to launch its latest breakthroughs in Hearing Technology with its New Smartphone Controlled Direct-to-Consumer Self-Fitting-Self-Adjusting Rechargeable Hearing Aids with built-in Professional Remote Programming & Support Service. With the launch planned to begin spring of 2021, InnerScope as a wholesale vendor for Walmart will be updating its storefront on Walmart.com and other major online retailers for more enhanced visibility to achieve greater sales conversions. Check out the app here. INND is making big moves like just being accepted into BJ’s Wholesale Club operating 215+ Locations in 17 States. NEW York & Florida being 2 to highlight with 2020 revenues at $15.3 billion. The Company is starting to attract mainstream press including Fox Business News, Bloomberg and a 12-part series by Newsmax with the first episode airing on Sunday Night, April 11. Management has been working hard behind the scenes getting the filings up to date on its way to becoming fully reporting “pink current”  Microcapdaily has been reporting on INND since February. We will be updating on INND when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with INND.

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Disclosure: we hold no position in INND either long or short and we have not been compensated for this article

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