InnerScope
Hearing Technologies, Inc. Announces its Personal Sound
Amplifier Products Are Now Offered to Amazon Prime
Subscribers
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, CA.
-- May 23, 2018 -- InvestorsHub NewsWire -- Hearing Technologies
InnerScopeInc. (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