- InnerScope Hearing Technologies revealed that they had retained CPA firm, PKC LLP to perform an independent audit of the company’s 2019, 2020, and 1Q-3Q 2021 results
- The audited results will be submitted to the SEC and FINRA to establish InnerScope as an SEC fully reporting company
- InnerScope has recently acquired HearingAssist, a leading direct-to-consumer hearing aid vendor as well as iHear Medical, with the latter providing the company with access to over 40 patents along with an FDA-registered manufacturing and R&D facility
InnerScope Hearing Technologies (OTC: INND), a manufacturer and distributer/retailer of DTC, FDA registered, Bluetooth app-controlled hearing aids and personal sound amplifier products (“PSAPs”), has revealed that it has appointed the audit services of CPA firm Paris, Kreit & Chiu LLP (“PKC LLP”) to perform an independent audit of the Company’s 2019, 2020, and Q1-Q3 2021 financial statements (https://nnw.fm/fiRm3). InnerScope also seized on the occasion to announce that the company intended to file a Form-10 or S-1 to become an SEC fully reporting company once the audit was complete and submitted to the SEC, FINRA, and other relevant agencies.
Matthew Moore, President, and CEO of InnerScope commented: “InnerScope is pleased to announce the Company has formally retained CPA firm Paris, Kreit & Chiu LLP to conduct an independent audit of our 2019, 2020 and Q1-Q3 2021 financial statements. PKC LLP is a public accounting firm with offices worldwide and possesses significant experience in auditing public companies.”
InnerScope recently reported their 3Q21 earnings, which coincided with the company raising $300 thousand in restricted equity – with the proceeds used to redeem outstanding convertible notes and finance ongoing marketing efforts for the company. The company also used the funds to finance the closing costs for their acquisition of HearingAssist, a long-established leader in the direct-to-consumer hearing aid market and Walmart’s largest hearing aid supplier, which was acquired for a gross consideration of $10 million, with the express intent to create a “powerful disruptive company in the global hearing device market.”
At the time of acquisition, Matthew Moore, President and CEO of InnerScope, stated, “Today is a tremendous milestone for InnerScope. I’m delighted to welcome the HearingAssist team, who share our passion for providing convenient and affordable hearing products for the tens of millions of Americans who suffer from hearing loss. The HearingAssist acquisition is another meaningful step in advancing our strategy to grow as a leader and innovator in the direct-to-consumer hearing aid market.”
Together with the acquisition of iHear Medical Inc., a DTC cloud-based hearing solutions provider giving InnerScope access to over 40 patents along with an FDA-registered manufacturing and R&D facility, and partnership with Atlazo Inc., a semiconductor innovator for next-generation AI smart devices, InnerScope has sought to establish a commanding position within the direct-to-consumer hearing solutions market through the sale of advanced hearing products through Walmart and other major retailers.
For more information, visit the company’s website at www.INND.com and the company’s e-commerce website at www.iHeardirect.com.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://nnw.fm/INND
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
