$INND nnerScope Hearing Technologies Inc. Reports

$INND nnerScope Hearing Technologies Inc. Reports An Increase of 175% in Profits & 495% Growth from its Direct-to-Consumer Hearing Aids Sales Including Walmart.comPress Release | 11/26/2018

ROSEVILLE, Calif., Nov. 26, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- InnerScope Hearing Technologies Inc. (OTCQB:INND), a manufacturer and distributor of hearing aids and related hearing products, announced today a profitable quarter ended September 30, 2018 with a reported 175% increase of net income compared to third quarter 2017. ("Q3 2017". Furthermore, its primary initiative of direct to consumer online sales showed a 495% increase, quarter-over-quarter for the quarter ended September 30, 2018 ("Q3 2018".

Matthew Moore, CEO, commented, "Our tremendous growth this quarter is a function of our overall strategy of building and broadening our multiple hearing aid sales distribution platforms. InnerScope's total hearing aid sales in all sales platforms, including all the hearing aids sold, but not delivered to the customer until after Q3 2018 ended, realized over a 1000% increase in growth for Q3 2018 quarter-over-quarter for the quarter ended September 30, 2018, continued Mr. Moore.

"We are very excited about what's happening right now in the industry. We see a big shift starting to happen with the senior population going to the Internet to purchase hearing aids. Since InnerScope has teamed up with Walmart.com as a Walmart.com hearing aid vendor, seniors are more willing to purchase hearing aids online than ever before from a name like Walmart, a well-established and trusted name. Given the fact, that Walmart U.S. eCommerce sales grew 43% in Q3 2018, according to Walmart's Q3 2018 report, we expecting our online hearing aid sales to continue to grow at the same pace of Walmart's U.S. eCommerce sales. We are finding talking to seniors everyday, they are excited that they can now buy high quality hearing aids from Walmart.com online and save thousands of dollars without the need, cost or hassle for them to see a hearing healthcare professional," Mr. Moore concluded.