Business
InnerScope Hearing Technologies (OTC: INND) Announces Preliminary Revenue of $633,894 in the Fourth Quarter of 2021
InnerScope Hearing Technologies (OTC: INND) Announces Preliminary Revenue of $633,894 in the Fourth Quarter of 2021.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\n ROSEVILLE, Calif., March 08, 2022 (GLOBE NEWSWIRE) -- via InvestorWire --  InnerScope Hearing Technologies Inc. (OTC: INND) (\"InnerScope\"), an emerging and disruptive leader in the Direct-to-Consumer Hearing Technology space, today announced its preliminary unaudited revenue results of $633,894 for the fourth quarter (\"Q4-2021\") ended December 31, 2021. Q4-2021 Business Highlights Acquisitions of Direct-to-Consumer Hearing Aid Companies: Completed iHear Medical, San Leandro CA. (9-30-21)Completed HearingAssist, Virginia Beach, VA. (11-23-21) Acquisitions included: Manufacturing and R&D facility in San Leandro, CA. Management office in Virginia Beach, VA. Appointed Adnan Shennib as InnerScope's CTO and President of International Operations – an industry leader in Electrical and Biomedical Engineering.Expanded the InnerScope team more than threefold, from 9 to 30.Filed 2 Provisional Patents on innovative hearing aid products.Partnered with Atlazo Inc., a leader in intelligent semiconductor solutions for wearable health devices, developing next-generation hearing aids with unprecedented new features, including voice commands, continuous health monitoring, and seamless connectivity with other smart devices.Received Walmart Purchase Orders for HearingAssist's in-store products.Updated HearingAssist in-store product displays in 757 Walmart locations throughout Colorado, Tennessee, Texas, Arizona, and North Carolina.Launched 14 in-store Hearing Screening Kiosks with Hy-Vee, Giant Eagle, Food City, and Hartig Drug.Ordered 100 Hearing Screening Kiosks to be manufactured to be delivered by the end of March 2022 (at time of order, 65+ Kiosks committed to retailers).Engaged PCAOB Audit Firm Paris Kreit & Chiu CPA LLP for plans to complete audits and become SEC fully reporting company by Q2-2022. Matthew Moore, President, and CEO of InnerScope Hearing Technologies commented, \"We are excited to provide investors with these preliminary results, which are indicative of the growing customer and major retailers' interest in our innovative, affordable hearing products and in-store automated Hearing Screening Kiosks. Our sales momentum and growth come from our hard work in building a scalable and sustainable business model. We have built a team of well-experienced industry leaders in R&D, marketing, and distribut...