Business
InnerScope Hearing Technologies (INND) Announcing a Major Milestone with its Opening of its Latest Hearing Aid Retail Clinic
InnerScope Hearing Technologies (INND) Announcing a Major Milestone with its Opening of its Latest Hearing Aid Retail Clinic.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\nROSEVILLE, Calif., Jan. 24, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- InnerScope Hearing Technologies Inc. (OTCQB: INND) a manufacturer and Direct-to-Consumer (\"DTC\") distributor/retailer of FDA-Registered Hearing Aids, (\"Hearing Products\") announces its upcoming opening date on February 11, 2019 of its Elk Grove, California location, the next new audiological hearing aid retail clinic opened under its dba Value Audiology & Hearing Aid Center brand (\"Retail Clinic\"). The opening of the Elk Grove location, a suburb of Sacramento, and InnerScope's third and final Retail Clinic within the Sacramento media market area, marks a completion of InnerScope's first major milestone in a specific demographic area of its expansion rollout plan of opening 22 new Northern California audiological hearing aid retail clinics (\"Rollout Plan\").\n\n \n \n \n \n \n \n \n \n \n \n \n INND PR Jan. 24\n \n \n \n \n \n \n \n \n\n InnerScope's Rollout Plan (as executed in the Sacramento Area) is based on quickly establishing a large footprint in a single media market area by opening multiple Retail Clinics strategically located to dominate and control all media in a specific demographic area over all other competitors combined. This Rollout Plan coupled with InnerScope's negotiated lucrative media agreements allows InnerScope to quickly grab market share and become the number one seller of Hearing Products in each specific media market area. InnerScope founder's and its management believes its three strategically placed Sacramento Area Retail Clinics will generate over $4 million in annual gross revenues. Their belief is attributed to the founder's previous ownership of six Sacramento Area hearing aid retail clinics generating $6+ million in gross revenues. InnerScope's expects it can achieve with its three Retail Clinics, 80% of the $6+million total gross revenue number once it becomes the number one seller of Hearing Products in the Sacramento media market. Additionally, InnerScope's management with over 150 years combined experience in Audiology, Hearing Aid Retail Sales, and Retail Store Expansion have identified as part of its Rollout Plan, Retail Clinic locations within media markets in the San Francisco Bay Area. The San Francisco Bay Area is divided into four distinctive media market areas, East Bay, South Bay, North Bay, and San F...