INND Read and Load with the pending Over the Co
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with the pending Over the Counter ("OTC" Hearing Aid Act (the “OTC Hearing Aid Act”) about to take effect, (expected no later than August 2020) the $15 million dollars will give InnerScope the capital it needs to deploy its off-the-shelf Hearing Product Portfolio and Hearing Kiosk in thousands of retail locations within the U.S. and Canada. The OTC Hearing Aid Act is a “game changer” for InnerScope (especially with our “Self-Fitting” hearing aid patented technology). Whereby, not only allowing the public the ability to have access to purchase InnerScope’s in-store off-the-self affordable Hearing Products, but also giving the public FREE and easy in-store access to regularly check their hearing with our Hearing Kiosks, so they can make a better informed and more accurate purchase decision. We believe this opens a new emerging hearing aid market (worth tens of billions of dollars) and InnerScope is on the forefront leading the way. Having InnerScope’s affordable Hearing Products Portfolio already successfully selling on Walmart.com, Sears.com, Kmart.com and Amazon.com (with Personal Sound Amplifiers Products) the OTC Hearing Aid Act will give InnerScope the opportunity to offer its affordable Hearing Products in-store off-the-shelf in thousands of brick and mortar retailers like Walmart, Sam’s Club, Target, and as well as thousands of other “Big Box” retailers and pharmacy chains,” concluded, Mr. Moore.
InnerScope has been in talks with its noteholders to negotiated payoff terms for its remaining convertible debt and at time of payoff, InnerScope expects shareholder value to quickly increase.