Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InnerScope Hearing Technologies Inc. (INND) Announces the Purchase of HearingAssist, Further Boosts its Share of the United States Hearing Aid Market

  • InnerScope Hearing Technologies recently announced the purchase of HearingAssist, a leader withing the B2C hearing aid market and Walmart’s largest dedicated hearing aid suppliers
  • The acquisition will comprise of gross consideration of $10 million, which will be paid by InnerScope in two tranches of $5 million worth of restricted shares
  • InnerScope will now look to gain market share, a result of both – HearingAssist’s 757 sales sites within Walmart stores and its online e-commerce presence
  • InnerScope have recently launched their product range on FSAstore.com, HSAstore.com, and WellDeservedHealth.com as well as their own e-commerce site, iHeardirect.com

InnerScope Hearing Technologies (OTC: INND), a manufacturer and distributer/retailer of DTC, FDA registered, Bluetooth app-controlled hearing aids and personal sound amplifier products (“PSAPs”), as well as various hearing-related products, has announced the recent acquisition of Hearing Assist II, LLC (“HearingAssist”). HearingAssist, a long established leader in the direct-to-consumer hearing aid market, 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 (https://ibn.fm/kn7pd).

InnerScope Hearing Technologies will acquire HearingAssist for a gross consideration of $10 million, comprised of InnerScope restricted shares, subject to a 24-month leak out agreement. The restricted shares will be comprised of two distinct tranches – the first tranche of $5 million will be issued at a fixed price of…

Read More>>

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.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.