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InnerScope Hearing Technologies, Inc. Announces a Strategic Partnership Agreement With Advantego Corporation for Exclusive Worldwide Distribution Rights for the Audiological Market
ROSEVILLE, California, April 16, 2018 /PRNewswire/ --
InnerScope Hearing Technologies Inc. (OTCQB "INND") announced a Strategic Partnership Agreement with Advantego Corporation for exclusive worldwide distribution rights for Advantego's Intelligent Solutions Platform and Advantego TV multi-faceted digital communication solution for the audiological market.
InnerScope Hearing Technologies markets and distributes audiological products and related hearing services to the audiological and hearing healthcare community via B2B audiological clinics and B2C direct-to-consumer via its eCommerce division.
Advantego designs, develops and implements digital communications and intelligent software solutions as specialized Business Process as a Service (BPaaS) offerings.
The Company plans to build a hearing health digital channel which will be a cloud-based monthly subscription using Avantego's communication platform that will deliver tailored and personalized content for each practice or a network of practices. In addition, offer a complete marketing and public awareness campaigns to assist the hearing health care practitioners in growing their practices. These campaigns, which includes specialized and targeted digital messaging, interactive digital videos, digital publications and digital signage, will focus on driving more customers into their practices.
These public awareness-marketing campaigns we be aimed at addressing the prevalence and incidence of hearing loss and the risk factors associated with untreated hearing loss. The campaigns will be targeted to the 48 million currently in the U.S. alone that has reported some hearing loss. This number includes 1 in 5 teenagers and 60% of returning veterans from foreign wars. The majority (65%) of people with hearing loss are younger than 65 according to the Better Hearing Institute. However, only 20% of those individuals have sought out a treatment solution for their hearing loss. According to the October 2015 letter to the President from the President's Council of Advisors on Science and Technology (PCAST),"untreated hearing loss, especially in older adults, is a substantial national problem". The Company believes that these marketing campaigns will help alleviate the social stigma and other barriers for people to accept the benefit from hearing technology.
The Strategic Partnership Agreement also provides the companies with the ability to integrate additional technologies, products and services into future collaborative offerings in the world-wide audiological market.
"We are very pleased to form this alliance with InnerScope," said Robert W. (Rob) Ferguson, Advantego's Chief Executive Officer, "InnerScope's long-term prominence, good standing and strong relationships within their industry are unparalleled."
"Advantego's platform capabilities and service offerings are a perfect fit to help us continually develop greater market awareness campaigns to drive more revenue for us, and the hearing healthcare practice owners", said Matthew Moore CEO of InnerScope Hearing Technologies. One of our first objectives is to provide public awareness to help eliminate the stigma and denial associated with having hearing loss. This platform will deliver current and accurate information about hearing loss and the associated risk factors and consequences of untreated hearing loss for patients and family members visiting the 15,000+ audiological hearing aid clinics in North America. This market alone is expected to grow more than 3 times within the next five years. With the ever-growing older population and the ongoing worldwide epidemic of people suffering from hearing loss, we are excited to offer different and better ways to communicate information about hearing products and solutions to consumers".
ABOUT ADVANTEGO CORPORATION (OTCPINK: ADGO)
Advantego Corporation designs, develops and implements digital communications and intelligent software solutions as a specialized Business Process as a Service (BPaaS). The Company's products and services are provided through its wholly-owned operating subsidiary, Advantego Technologies Inc., which leverages its proprietary "Intelligent Solution Platform." This platform combines existing data and systems and integrates "best in class", third-party technologies to provide a comprehensive, managed solution that significantly enhances internal operations and marketing efficiency. These elite, custom business solutions are available to large enterprises, affiliate networks and franchise operators as all-inclusive, managed bundled services. The Company also offers a variety of stand-alone products specific to targeted industries. For More information, Website: please visit http://www.advangego.com.
ABOUT INNERSCOPE HEARING TECHNOLOGIES (OTCQB: 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 http://www.innd.com.
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.
Investor Relations Contact
InnerScope Hearing Technologies, Inc.
SOURCE InnerScope Hearing Technologies Inc.
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