ROSEVILLE, Calif., March 11, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — InnerScope Hearing Technologies Inc. (OTCQB:INND) (“InnerScope”) a manufacturer and Direct-to-Consumer (“DTC”) distributor/retailer of FDA-Registered Hearing Aids, Personal Sound Amplifiers Products and Hearing Related Treatment Therapies, (“Hearing Devices & Hearing Health Products”) announced today plans to distribute its own label of CBD Oil (also referred to as Hemp Extract) a dietary supplement for people who suffer from Tinnitus (ringing in the ears) and Other Hearing Disorders. Additionally, InnerScope, has developed and will distribute its own doctor-designed proprietary line of Nutritional Hearing Dietary Supplements to help people with hearing problems maintain the levels of vitamins, minerals as well as promoting better cognitive function for age related hearing loss. InnerScope’s CBD Oil and its Nutritional Hearing Dietary Supplements (“Hearing Health Products”) is developed and distributed by “InnerScope Hearing Health”, a newly formed division of InnerScope for the development and distribution of Hearing Related Treatments, Therapies, and Nutritional Hearing Dietary Supplements. InnerScope plans to launch the Hearing Health Products beginning April 2019. The Hearing Health Products will be sold through multiple sales channels including InnerScope’s eCommerce websites and its Audiological Hearing Aid Retail locations. Moreover, InnerScope will be working with all the Big Box Retailers to distribute and sell the Hearing Health Products through their eCommerce websites and retail locations nationwide.¬†
CBD Oil by InnerScope Hearing Health (“IHH”) at www.TinnitusCBD.com, is a Full Spectrum CBD Oil Tincture Concentrate that is a 100% pure and natural tincture in a convenient 1000 mg 30ml size, which provides fast relief of symptoms without any added chemicals or dyes. CBD Oil by IHH contains Cannabidiol and 60+ other naturally occurring cannabinoids and terpenes derived from the stalks and stems of industrial hemp plants that delivers all the benefits that cannabis can provide with no psychoactive effect and is legal to be sold and distributed in all 50 states.¬†
Based on a growing number of anecdotal evidence of the benefits using CBD Oil for people who may suffer from Tinnitus or who may have Mnire’s disease (a disorder of the inner ear that can lead to dizzy spells (vertigo) and hearing loss). The American Tinnitus Association estimates nearly 50 million Americans experience some form of Tinnitus and roughly 20 million people struggle with burdensome chronic Tinnitus, while 2 million have extreme and debilitating cases. In addition to Tinnitus sufferers, Mnire’s disease, according to National Institute on Deafness and Other Communication Disorders (“NIDCD”) estimates 615,000 individuals in the United States alone are currently diagnosed with Mnire’s disease.¬†
Presently, the most common uses for CBD Oil are to assist with pain, stress, anxiety, sleep, and inflammation. Studies have shown that Tinnitus, anxiety, and stress have all been researched as having a strong link to one another. CBD Oil has been tested and medically proven to assist individuals with anxiety and stress to reduce their symptoms. It has also been shown that individuals who suffer with increased levels of stress and anxiety regard their Tinnitus as having worsened as a result of purely focusing on the issue, whereas individuals who have a more neutral and calm persuasion on Tinnitus, have been shown to have fewer issues directly relating to their Tinnitus as it was with those with high anxiety levels.¬†
CBD Oil by IHH designed for Tinnitus sufferers and Meniere’s disease was created from its Distribution and Manufacturing Agreement from Balanced Health Botanicals (“BHB”). BHB produces the highest quality health and wellness products derived from hemp. BHB is at the forefront of the #CBDMOVEMENT and is a leader within the health and wellness space. BHB is one of a few select companies that were awarded the first Certification Seals and has demonstrated their commitment to providing safe and accurately labeled hemp-derived products, such as fiber, seed and cannabidiol CBD products, according to the Hemp Authority.¬†
Nutritional Hearing Dietary Supplements by IHH located at www.InnerScopeHearingHealth.com was created using a proprietary formula developed and refined by the Founders of InnerScope (“Founders”) over the past decade. The Founders together with a Doctor of Pharmacy (Pharm.D.) developed its Doctor-Designed proprietary Hearing and Tinnitus formulas to help people with hearing problems and protect their hearing from future hearing issues. IHH will initially launch three formulations, its Tinnitus Formula that has shown to help moderate the symptoms with higher doses of specific vitamins and minerals, its Hearing Supplement + Multi-Vitamin that contains a proprietary blend of vitamins, minerals to promote hearing health plus a multivitamin for senior’s basic daily requirements and its Hearing Supplement + Brain Boost, which not only contains a proprietary blend of vitamins, minerals to promote hearing health, but also a proprietary blend nutrients that promotes better cognitive function.¬†
InnerScope believes this is still an Untapped Market for specific nutritional health for the ears. Based off the success of Bausch & Lomb’s Eye Vitamin Line called PreserVision & Ocuvite, which according to www.statista.com produced over $223 million in sales in 2018 and given its three different formulations starting at just under $30 for a 30-day supply, InnerScope anticipates its “Nutrition For the Ears” may eventually sell as well as Bausch & Lomb’s Eye Vitamins.¬†
“InnerScope is proud to take the lead in the industry with developing and distributing new innovative hearing health products to the Tens of Millions of people suffering with Hearing Related Issues,” said Matthew Moore, CEO of InnerScope Hearing Technologies. “We are also equally as proud and excited about InnerScope’s new Hearing Health division, dedicated to the development and deployment of Hearing Related Treatments, Therapies, and Nutritional Hearing Dietary Supplements. InnerScope continues to expand its portfolio of Hearing Devices & Hearing Health Products which allows InnerScope to participate in multiple profit centers across several different industries and sales channels. We believe we are the only company in the hearing industry to achieve this feat. ¬†
“The U.S. has seen Cannabidiol (“CBD”) use skyrocket and gaining popularity, especially within senior population. Between 2014 and 2018, the sales of CBD increased by 474% and the sales are projected to increase another 353%, which is estimated to be $22 billion dollars by 2022. Clearly, people are discovering that this all-natural, cannabis-derived supplement is a great way to support their overall health. InnerScope expects its line of CBD Oil products will also gain in popularity and be adopted by the millions of hearing impaired and Tinnitus sufferers as a viable solution to help them live better and happier lives by assisting in their hearing health and overall wellbeing.” Mr. Moore concluded.¬†
About InnerScope Hearing Technologies (“INND”)
InnerScope Hearing Technologies ( INND ) is a rapidly expanding consolidator of the hearing aid industry. Management is applying decades of profitable industry experience and technology to an antiquated and disjointed industry, unlocking scale and efficiency, which will serve all of InnerScope’s stakeholders. Its direct-to-consumer model is revolutionizing the industry with its Walmart.com relationship representing a paramount shift in the consumption of hearing aids by the hearing impaired. ¬†
In addition, InnerScope plans to continue to open, acquire, and operate a physical chain of audiological and retail hearing device clinics. InnerScope’s mission is to serve approximately 1.2 billion people around the globe that are suffering with 25 db or greater hearing loss across the entire hearing impaired vertical from R&D and manufacturing through direct consumer sales and services. For more information, please visit:¬†www.innd.com For the Most Up-to-Date information about InnerScope Hearing Technologies (OTCQB:INND), please visit and follow our Official Twitter account @inndstock Page. https://twitter.com/inndstock
About Balanced Health Botanicals
Balanced Health Botanicals (BHB) is a vertically integrated family of brands. Producing the highest quality health and wellness products derived from hemp. BHB is at the forefront of the #CBDMOVEMENT and is a leader within the health and wellness space.
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.
InnerScope Hearing Technologies, Inc.¬†
Source: InnerScope Hearing Technologies, Inc.