InnerScope Hearing Technologies, Inc. Announces its Personal Sound Amplifier Products Are Now Offered to Amazon Prime Subscribers

Roseville, California, UNITED STATES


The Company is using "Fulfillment by Amazon" ("FBA") for the promise of FREE, FAST Shipping which is a big selling point for Amazon's customers

ROSEVILLE, Calif., May 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--InnerScope Hearing Technologies, Inc. (OTCQB:INND) announced today its Personal Sound Amplifier Products ("PSAPs") currently sold on Amazon became Prime-eligible for Amazon Prime subscribers. Prime-eligible means, the Company's PSAPs are eligible for free two-day shipping, one-day shipping, and even same-day shipping in certain locations.

InnerScope became Prime-eligible after Amazon received the necessary required inventory for Amazon to do the FBA for Company's PSAPs products. Using FBA service, the Company will ship their products to Amazon fulfillment center, where products are stored until a new order arrives. Once received the new order, the product will be packed and shipped directly from Amazon. Additionally, under the FBA service Amazon handles all returns requests and any customer service needs that the customer has. The FBA service gives InnerScope the ability to focus more of its efforts on sales and marketing campaigns, as compared to fulfillment services.

Amazon Prime has reached a milestone number of subscribers: CEO Jeff Bezos says the service has more than 100 million members. The announcement came in Amazon's annual shareholder letter which was published April 18, 2018, Bloomberg reported. According to Statista, Prime members spend an average of $1,300/year on Amazon, whereas non-Prime members spend just $700/year. Also, according to Fortune, the Consumer Intelligence Research Partners estimates that Amazon currently has 90 million U.S.-based Amazon Prime subscribers. In fact, 63 percent of the eCommerce are Prime members, and in the past 12 months, the total subscriber base has grown by 38 percent.

"We are thrilled to be able to offer our PSAPs to the millions of Amazon Prime subscribers," said Matthew Moore, CEO of InnerScope Hearing Technologies. "With over 40 million people in the U.S alone that struggle daily with hearing issues, we believe our PSAPs will be a unique product from which Amazon and Amazon Prime subscribers can now easily order. We know the FBA service makes the process easier, especially for managing high volume of sales. Amazon is one of the most reliable trademarks in the world and in case if our products are delivered late or other delivery problems happen, Amazon is fully responsible. Any negative feedback with shipping will not affect our reputation. In addition, FBA sellers usually obtain a higher conversion rate since the product is considered as if it was sold directly from Amazon. Also, Amazon Prime subscribers are often willing to pay a bit more just to get the free 2-day shipping. Using the Amazon and Amazon Prime sales platform gives InnerScope more visibility and easy access to our hearing products which allows us to help the millions of people needing hearing help to live healthier, happier and better lives," Mr. Moore, concluded. 

About Amazon Prime.

Amazon Prime is a paid subscription service offered by Amazon that gives users access to free two-day delivery (one-day in some areas), streaming video and music, and other benefits for a monthly or yearly fee. For more information, please visit: www.amazon/Amazon-Prime-One-Year-Membership

About InnerScope Hearing Technologies (INND):

InnerScope Hearing Technologies (INND) is a technology driven company with highly scalable B2B and B2C solutions. The Company plans on offering a B2B SaaS based Patient Management System (PMS) software program, designed to improve operations and communication with patients. INND also offers a Buying Group experience for audiology practice, enabling owners to lower product costs and increase their margins. INND will also compete in the DTC (Direct-to-Consumer) markets with its own line of "Hearable", and "Wearable" Personal Sound Amplifier Products (PSAPs) and revolutionary APPs on the iOS and Android markets.

INND has plans on opening, operating and expanding a chain of audiological and retail hearing device clinics. INND's 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. Our team has the knowledge, relationships, and the experience to quickly deploy new products and software to serve approximately 1.2 billion people around the globe that are suffering with 25 db or greater hearing loss. For more information, please visit www.innd.com

Safe Harbor

This presentation contains forward-looking statements which relate to future events or InnerScope Hearing Technologies future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words "believes," "should," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as result of a number of factors, including those described from time to time in InnerScope Hearing Technologies filings with the Securities and Exchange Commission. InnerScope Hearing Technologies undertakes no duty to update any forward-looking statements made herein.

Contact:

Investor Relations Contact
Andrew Barwicki
516-662-9461
Andrew@barwicki.com

InnerScope Hearing Technologies, Inc. 
Matthew Moore
Matthew@innd.com
916-218-4100
www.innd.com

https://www.bloomberg.com/news/articles/2018-04-18/amazon-s-bezos-says-company-has-topped-100-million-prime-member

https://www.statista.com/statistics/304938/amazon-prime-and-non-prime-members-average-sales-spend/

http://fortune.com/2017/10/18/amazon-prime-customer-spending/

https://www.cirpllc.com/

https://www.amazon.com/Amazon-Prime-One-Year-Membership/dp/B00DBYBNEE

www.innd.com