The hearing aid industry is undergoing the greatest expansion in its history. INND is witness to virtually every innovation over the last three decades and is uniquely qualified to identify and capitalize on current and future trends. INND ’s goal is to build a nimble organization of forward leaning opportunities and in the process build enterprise value for all stakeholders.
TRADING SYMBOL: INND
Innerscope Hearing Technologies, Inc.
UNPARALLELED EXPERIENCE. DISRUPTIVE INNOVATION.
INND are experts in developing and deploying innovative hearing products and services in the United States and around the world. INND plans to acquire AUDserv Inc., and will create 7 separate revenue generating divisions. Each division will generate revenue and poised for growth, increasing the Company’s market penetration. These 7 separate divisions will be:
1. Patient Management System (PMS) Division: a SaaS based software program which was created, designed and customized by and for audiologists, specifically to fill a much-needed clinical gap solved in other multidiscipline software programs. It allows audiological retail clinics to better manage their day-to-day operations, through efficient clinical workflow, patient follow up and logical organization of data.
2. Buying Group Division: INND will create an exclusive Buying Group experience for the practice to reduce their wholesale costs, so they could worry less about the expenses and worry more about patient care and growing their top line revenue in their practice.
3. Direct-to-Consumer (DTC) Division: INND is positioning to compete within the new emerging “Hearables” and “Wearables” in the “Personal Sound Amplification Products” (PSAP’s) and the Over-the-Counter (OTC) hearing aid market created by the result of a recently passed Congressional legislation H.R.1652 – Over-the-Counter Hearing Aid Act of 2017 (OTC).
4. APP Development Division: INND APPs on the iOS and Android markets will be dedicated to the hearing impaired population around the world which is currently estimated at 360 million people by the World Health Organization.
5. Advertising and Marketing Division: This division will be built on the successful business of Innerscope Advertising Agency. This includes graphics artists, digital and print marketing experts, and telemarketers.
6. Retail Division: INND plans to open a chain of Audiological and Hearing Aid Clinics throughout the United States and eventually abroad. INND plans to open hundreds of locations in the next 5 to 7 years.
7. Research & Development Division: The R&D Division, comprised of a team of world renowned scientists, business professionals, and industry leaders, will rapidly develop and deploy products for the sole purpose of furthering INND agenda to further create a revenue eco-system, as well as offer the 360 million people in the world Hearing Solutions Not Just Hearing Aids.
Aural Rehab
· Aural Rehab or Auditory Training is the process of providing training and treatment to improve hearing for those who are hearing impaired. The focus is on adjusting to hearing loss, making the best use of hearing aids, exploring assistive devices, managing conversations, and taking charge of communications.
Management & Team
· INND has a seasoned team of professionals with collectively over +200 years of experience in the hearing aid industry, including successful operations in hearing aid manufacturing and retail store management. The team members have specialty skills in clinical audiology, extended warranty and loss replacement insurance for hearing devices, office management, clinical sales skills, business and accounting, as well as, all forms of retail marketing.
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