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Ayala Pharmaceuticals Inc. (OTC:ADXS) Announces Continuation of RINGSIDE Phase 2/3 Study in Desmoid Tumors

TopNewsGuide - Market News & Commentary

Clinical-stage oncology firm Ayala Pharmaceuticals Inc (OTC:ADXS) is a company that has been making significant strides in its industry and has caught the attention of many investors in recent times. The company is involved in the development and commercialization of small molecule therapeutics for patients who may be suffering from aggressive variants of cancer or rare tumors. Additionally, the company is also working on the development of Lm-based antigen delivery products for people who may be suffering from the common variants of cancer. One of the lead candidates being developed by Ayala at this point is AL 102 which is meant for desmoid tumors and another one is ADXS 504, an LM-based early-stage prostate cancer therapy. In this context, it is perhaps necessary to keep in mind that AL 102 had also been awarded the coveted fast-track designation by the United States Food and Drug Administration, and at this point, it is in Phase 3 of a vital study. Last week on March 3 the company was in the news after it made a key new announcement with regards to its product AL 102. The company announced that the Independent Data Monitoring Committee (IDMC) for its Phase 2/3 RINGSIDE study into the investigational new drug had completed a prespecified review of the data produced by the study. After studying the data, the IDMC concluded that the study could continue without any modifications. It was a significant development for the company and one that must have come as a major boost for investors who may have been following the news. Ken Berlin, the Chief Executive Officer and President of the company spoke about the development as well. He thanked the IDMC for its work and recommendation about the matter. However, more importantly, he went on to add that the product AL 102 had the potential to be the best product in its class and everyone at the company was excited about the prospect of it in helping with desmoid tumors. Berlin noted that if the product was approved by the regulators then it could prove to be a major new addition to an indication that was largely underserved. The company had been in focus last month when it announced its financial results for the fiscal year ending on October 31, 2022, back on February 10, 2023. The company announced that at the end of the fiscal year, it had cash and cash equivalents to the tune of $25.2 million. The revenues generated by the company for the 2022 fiscal year stood at $250,000 and that reflected a large drop from the revenues of $3.2 million in the previous year. The expenses related to research and development came in at $7.6 million but in the previous year that had been $10.6 million. The general and administrative expenses for the fiscal year actually dropped year on year to $8.9 million from $11.5 million in 2021. The net losses for the fiscal year actually dropped to $14.4 million from $17.9 million in 2021. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 08, 2023 05:00 AM Eastern Standard Time

News Release

Armanino Foods of Distinction Inc. (OTC:AMNF) Issues Q4 Earnings

TopNewsGuide - Market News & Commentary

Despite recent economic downturns, the market for frozen food products is still strong, and many of the companies operating in that industry are currently working extremely hard to expand their operations. One of the companies that could well be worth tracking at this point is Armanino Foods of Distinction Inc. (OTCMKTS:AMNF), which is involved in the production and marketing of frozen food products in the United States. The company is well known for offering a wide range of goods, such as gourmet beef, Italian-style beef, Italian-style pork, smoked turkey meatballs, different kinds of pesto, cheeses, and many other essentials. The company offers all these products under the Armanino brand, and the products are marketed through a number of food brokers. The products are sold to retail distributors, food service distributors, industrial accounts, and also to club-like stores. The company, which is based out of Hayward, California, was established in 1978 and is currently one of the major players in its industry. The company has performed strongly for a long time, and last week, on March 3, Armanino Foods of Distinction announced that it had managed to generate the highest-ever fourth-quarter net sales, highest-ever annual net sales, and highest-ever annual pre-tax profits in the periods that ended on December 31, 2022. That being said, it should also be noted that it was also the 78 th straight quarter in which the company had managed to stay profitable. The company managed to generate net sales to the tune of $13,717,899 in the fourth quarter, which reflected a year-on-year rise of 15% from the $11,924,678 it had generated in net sales in the prior-year quarter. The pre-tax income in the fourth quarter stood at $2,045,138, and that remained largely unchanged given the pre-tax income in the prior year period was $2,040,241. The net income for the fiscal year was $1,446,209, reflecting a drop of 20% year over year from the $1,796,842 that had been generated in the previous year. The net sales for the year came in at a strong $57,873,545; that reflected a year-on-year rise of 21% from the $43,824,030 generated in the previous year. Analysts and investors alike have taken notice of the company's strong performance. It is also important to note that Armanino Foods of Distinction is a company that pays out dividends, which may be another factor for many investors. Last year, on December 19, 2022, the company announced that it was going to pay out a regular quarterly cash dividend to the tune of as much as $0.03 per share. All shareholders of record as of January 3, 2023, were entitled to the dividends, which were going to be paid out on January 23, 2023. It was also noted at the time that Armanino Foods of Distinction had also paid out special dividends on ten occasions to its loyal shareholders. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 08, 2023 05:00 AM Eastern Standard Time

Fine Hygienic Holding continues to roll out a progressive female-friendly approach with its latest Menopause and Fertility Treatment Policy

Fine Hygienic Holding

Fine Hygienic Holding (FHH), a world-leading wellness group and manufacturer of hygienic paper products and long-term germ protection solutions, has recently recommitted to its ongoing mission to make the workplace environment more inclusive and inviting for all its employees. The company has rolled out additional reforms in terms of its female-friendly policies to ensure everyone operates in a supportive environment. A step towards establishing positive change has been made, as the company is introducing the Fine Flourish Policy, which includes provisions for Menstrual, Menopause, and Fertility Treatment leaves, across all its locations. All female personnel - both full-time and probationary - are eligible to take advantage of the generous Fine Flourish policy. Employees are granted up to 12 days of leave annually in the event of any illness, symptoms, or complications related to menopause, menstruation, or fertility treatment. Moreover, flexible work arrangements can be made to ensure their comfort and convenience. All these provisions can be availed without a medical certificate and are granted separately from vacations or other leave policies. FHH is regarded as a pioneer in the region with its employee-friendly leave policies that offer time to recover both physically and emotionally. Kirsty Koen, FHH CHRO, said, “At Fine Hygienic Holding, we believe that a successful business must always prioritize its people. That’s why one of our core values has always been - if we take care of our people, the business will take care of itself. We are constantly exploring new methods and practices that will help ensure our employees are supported in every aspect, especially during times when they need it the most. Every policy we announce is tailored to embody our values and to provide support, and we will continue to be dedicated to looking after the wellbeing of our people and pave the way for woman employment across the Middle East.” Fine Hygienic Holding has already set the bar high in this field when it previously introduced a series of progressive leaves on top of which is its menstrual leave, which the company launched more than 10 years ago. For mothers to be, FHH provides up to 16 weeks of fully paid maternity leave, which is far more than the recommendations of the International Labour Organization. Furthermore, the company has amended its parental leave policy, allowing three weeks of paid paternity leave, and has also set a benchmark in global and regional companies by introducing a compassionate leave wherein a female employee or the spouse of an employee is granted a paid leave in cases of miscarriages or stillbirths. Fine Hygienic Holding (FHH), one of the world’s leading wellness groups and MENA’s leading manufacturer of hygienic products, serves consumers in more than 80 countries around the world. Originally established as a paper manufacturer, FHH has transformed into a wellness company dedicated to enhancing global health and wellbeing. Committed to becoming “the shining star of the Arab FMCG business world,” the Group focuses on wellness, sustainability, pioneering CSR programs, and state-of-the-art production processes. Fine Hygienic Holding offers a diverse array of award-winning products including sterilized facial tissues, napkins, kitchen towels, toilet paper, baby diapers, adult briefs, jumbo rolls, as well as away-from-home products to accommodate all types of private and public institutions, in addition to its advanced range of personal protective equipment (PPE) and long-lasting germ protection solutions, it also brings Nai natural iced teas and innovative nutritional supplements, Motiva, to the market. Along with multiple awards over the years, particularly for its products and CSR initiatives, the company was recognized as a Top Employer Middle East 2022 by the prestigious Top Employers Institute in every country it operates. Contact Details Rana Kawalit | │ Corporate Communication & PR Director +971 54 531 5575 Rkawalit@finehh.com Company Website https://www.finehh.com/

March 08, 2023 01:40 AM Eastern Standard Time

WarpSpeed Taxi Inc (WRPT) – PinnacleDSB Distribution Centers Update

WARPSPEED TAXI INC.

McapMediaWire -- WarpSpeed Taxi Inc. (OTC: WRPT ) (“WarpSpeed” or the “Company”), announces that the Company has prepared a Business Plan for its proposed establishment of PinnacleDSB distribution centers in rural areas around the world. This unique concept for selling fast-moving goods to consumers via local retailers in non-Western counties has a significant market potential. We invite you to read the Business Plan at the link below: https://warpspeedtaxi.com/investors Daniel Okelo, WarpSpeed’s President and CEO said: “In conducting our research, potential retailers have shown enthusiasm in doing business with PinnacleDSB. Their main complaint is that they order products, but are never sure if those items will be delivered. They often discover after the fact that these items were ‘out of stock’ with the distributors. Once our first distribution center is up and running, it will be very easy to replicate and open more locations very quickly.” About WarpSpeed Taxi WarpSpeed Taxi Inc. has developed a ride-hailing and food delivery computer and mobile device application known as “WarpSpeedTaxi USA” that will provide consumers with convenient door-to-door transport that leverages smart mobility platforms to connect drivers with passengers and lets drivers use their personal vehicles For more information, go to: http://www.warpspeedtaxi.com Forward-Looking Statements This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the company is not successful in launching or marketing its WarpSpeed Taxi computer application, and that the company will not be successful in developing and implementing its Pinnacle DSB inventory and product delivery system as anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of WarpSpeed Taxi Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Nature Consulting, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise. Corporate Contact: D. Okelo 2261 Rosanna Street, Las Vegas, Nevada, 89117 Phone: (702) 802-0474 info@warpspeedtaxi.com Contact Details WarpSpeed Taxi info@warpspeedtaxi.com Company Website http://www.warpspeedtaxi.com/

March 07, 2023 01:36 PM Eastern Standard Time

Insider Buying: AI Firm Amesite (NASDAQ: AMST) CEO Ann Marie Sastry Picks Up Company Stock Multiple Times, Has Never Sold Stock To Date

Amesite Inc.

By David Willey, Benzinga Read the latest report on Amesite Inc. here! Ann Marie Sastry, the CEO of Amesite Inc. (NASDAQ: AMST), has made multiple stock purchases in the company. Amesite is an artificial intelligence (AI) software company that offers leading eLearning opportunities. According to the Form 4 filed with the Securities and Exchange Commission (SEC), Sastry acquired 2,000 shares of common stock at $3 a share, for the purchase price of $6,000. This is the third in a series of recent stock purchases that Sastry has made. In February she purchased 2,000 shares of common stock at $2.42 a share, for a total purchase price of $4,800. Then again in early March she purchased an additional 2,000 shares at $3 a share. Sastry has also never sold any of her common stock shares for Amesite, which trades on the NASDAQ. The three most recent stock purchases brought the number of common stock shares owned by Sastry to over 531,000. Insider buying, where a CEO or other company executive purchases company shares, can be viewed as a sign that those inside the company have confidence in the future growth and prospects of the company as well as being optimistic about the future value and growth in the company’s share price. Amesite delivers its AI-powered platform for eLearning and upskilling programs for businesses, non-profits and institutes of higher education. The platform uses best-in-class technology to host educational programs and to empower learning communities across the country. Other companies in the online learning space include Coursera Inc. (NYSE: COUR), 2U (NASDAQ: TWOU) and Powerschool Holdings Inc. (NYSE: PWSC). Interested in learning more about Amesite? Visit its website. This article was originally published on Benzinga here. Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. Its customers include businesses, universities and colleges, K-12 schools, and non-profit organizations. The company was incorporated in 2017 and is headquartered in Detroit, Michigan. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Amesite, Inc. +1 734-876-8141 info@amesite.com Company Website http://www.amesite.io

March 07, 2023 09:25 AM Eastern Standard Time

Claravine Named As Category Leader in Data Management Software by GetApp

Claravine

Claravine, The Data Standards Company, has been placed on GetApp’s Category Leaders Report for the Data Management Category. Category Leaders are designed to help businesses evaluate which software products may be right for them. Claravine was ranked on the list for stellar performance for its platform The Data Standards Cloud, which empowers marketing data owners to create data integrity globally, providing consistent and quality information to optimize business outcomes. Claravine empowers a proactive approach to marketing measurement by activating data standards across people and technology – bridging the silos that limit speed and decisions. Used by Fortune 1000 companies such as Carhartt and Under Armour, Claravine’s collaborative user interface and strategic integrations with top marketing and advertising platforms enables global organizations to define, apply and connect standards across their ecosystem for faster decisions, greater agility and increased return-on-investment for their digital advertising dollars. "We’re grateful to kick off another year with continued positive recognition from our customers and for the performance of our platform,” said Verl Allen, CEO of Claravine. “With the big shifts in the digital advertising and marketing ecosystem, we are a leader among the companies that are helping marketers with the transition to increased use of first-party data, new measurement techniques and attribution models, as well as targeting strategies. We strive to take the drama out of our customer’s marketing data and deliver the best experience possible.” With an overall rating of 4.4 out of 5, Claravine has been a top-rated product on GetApp. Category Leaders is published on GetApp, the recommendation engine for businesses that need to make the right software choice. Category Leaders rankings highlight top-ranked North American software products based on ratings from end-users in five key areas: ease of use, value for money, functionality, customer support, and likelihood to recommend. Claravine also recently won the 2022 AdExchanger Awards for Best Data Technology and was recognized as a 2022 AdExchanger Programmatic Power Player and a cool vendor in the 2022 Gartner Cool Vendors in Marketing Data and Analytics report. About Claravine Claravine is The Data Standards Company. We help brands and agencies deliver on the promise of modern marketing by standardizing taxonomies, naming conventions, and metadata across all digital experiences. That’s why a quarter of the Fortune 100 use our platform, The Data Standards Cloud, to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. Contact Details Kite Hill PR Maggie Stasko maggie@kitehillpr.com Company Website https://www.claravine.com/

March 07, 2023 09:00 AM Eastern Standard Time

MIDWEST CITY REACHES AGREEMENT WITH BLUEPEAK ON FIBER INTERNET EXPANSION

Bluepeak

A faster, more reliable and more affordable internet is coming to Midwest City, Okla. Bluepeak announced today a franchise agreement with the community of Midwest City to build a high-speed fiber network that will meet the growing needs of Oklahomans today and in the future. The roughly $30 million expansion effort will bring Bluepeak service to nearly 30,000 residences and businesses in Midwest City. “We’re thrilled to partner with Midwest City to bring next-generation internet connectivity to the community and all of our other expansion markets in Oklahoma,” said Rich Fish, CEO of Bluepeak. “Our fiber-to-the-home network is built for the future to meet the growing needs for how we all live, and we’re excited to show the expanding community of Midwest City that we’re a different kind of internet provider.” According to broadbandnow.com, Oklahoma ranks 46th in the nation in internet coverage, speed and availability. A Kansas City Federal Reserve study estimated 30 percent of Oklahomans have access to fewer than two wired internet providers. Furthermore, research from a 2020 report by Federal Reserve Bank of Richmond on “Bringing Broadband to Rural America” determined that broadband access and adoption are linked to increased job and population growth, higher rates of new business formation and home values, and lower unemployment rates. "Midwest City residents are going to be excited about Bluepeak's entrance into our community," said Matt Dukes, Midwest City Mayor. "We're thankful for their investment here because we know it will mean a better opportunity for connectivity. That opportunity is something our residents and businesses deserve." "High-speed internet is essential for the residents and businesses in Midwest City,” said Senator Brenda Stanley, R-Midwest City. “I welcome Bluepeak as an option for our citizens and military families who deserve access to affordable and reliable high-speed broadband.” With Bluepeak service, customers get faster speed, equal upload and download speeds, and whole-home WiFi. Bluepeak features transparent, all-in pricing, where the price on the website is the price on the bill, with a minimum speed tier of one gigabit-per-second (Gbps) internet service for just $50 per month. Homes can get up to 5 Gbps and businesses 10 Gbps and beyond. Each internet speed package includes eero Secure, which protects devices from online threats, ads and allows for customized content filtering. Bluepeak’s network provides faster speeds, better connectivity and the bandwidth to connect more devices for internet, streaming, gaming and more. Bluepeak already dramatically improves internet options for residents in other Oklahoma communities with service available in Stillwater, Enid, Lawton and many more. Residents and businesses in Midwest City interested in details on the construction process can sign up for updates by entering their service address at mybluepeak.com. About Bluepeak Bluepeak is building a faster, more reliable internet without the things that get in the way of great service - like red tape, hidden fees, and slow response times. Offering up to 5 gigabits of speed for residential customers and 10 gigabits for businesses, Bluepeak is a whole new ballgame - from internet to TV, to connecting every device in a home, to powering a business, Bluepeak not only provides the best fiber connections in the communities it serves, but also meets the growing needs for how its customers live. Contact Details Jesse Granger +1 720-703-4315 mediaqueries@mybluepeak.com Company Website https://www.mybluepeak.com

March 07, 2023 07:00 AM Mountain Standard Time

News Release

Golden Grail Technology (OTC:GOGY) Reaches Full Circle Distribution Agreement

TopNewsGuide - Market News & Commentary

There are very few industries that have managed to grow at such an impressive pace in recent years as the beverage industry and there are some companies that are doing stellar work in that sector. One of the companies to fit the bill in that regard is Golden Grail Technology (OTCMKTS:GOGY). The company is largely involved in building, growing, and streamlining its portfolio of beverages through responsible investments. Golden Grail is best known for going for brands with a proven track record of sales and loyal consumer following. In addition to that, the company also looks into the retail presence of the brand and the overall value proposition. In essence, Golden Grail is essentially interested in such beverage brands which want to graduate to the next level of growth. For a company like Golden Grail, which depends heavily on retail presence in a big way, distribution is one of the key elements of its business and in recent times the company has been making rapid strides on that front. This past Friday, the company was in the news after it announced that it had inked a distribution agreement for distributing Sway Energy with Full Circle Distributors. The agreement is with regard to the distribution of the product in Pennsylvania. Full Circle has been in business since as far back as 2010 and during that time it partnered with some of the biggest retailers in order to bring some of the highest quality products to the Pittsburgh market. The company has built up a strong distribution network which includes gas stations, grocery stores, convenience stores, gyms, universities, colleges, and hotels. The Chief Executive Officer of Golden Grail Steve Hoffman spoke about the latest development as well. He noted that everyone at the company was pleased with the prospect of having teamed up with Full Circle. He went on to add that it was one of the biggest distributors in Pittsburg and more importantly, the market lay within 500 miles of more than 50% of the population of the United States. Hence, it could be argued that the distribution partner for this area alone could open up a massive new market for Golden Grail’s product. Hoffman stated that the partnership could help the company in expanding the presence of the Sway Brand in the Northeastern region of the United States. On the same day, the company announced the signing of another distribution agreement. The distribution agreement signed by Golden Grail was with Olympic Eagle Distributing and it was for the distribution of Sway Energy products in Washington State. Olympic Eagle is one of the biggest distributors in the Pacific Northwest and deals in a range of products including, non-alcoholic beverages, cider, craft beer, wine, spirits, and imported beer among others. The company had signed distribution partnerships for the Pacific Northwest region not too long ago and the one with Olympic Eagle would only help it in strengthening its presence even further. Hoffman stated at the time that he was pleased with the development. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 07, 2023 05:00 AM Eastern Standard Time

News Release

InnerScope Hearing Technologies (OTC: INND): Latest News & Developments

TopNewsGuide - Market News & Commentary

The over-the-counter hearing aids space is quite a niche sector and one of the more important players in that space is InnerScope Hearing Technologies Inc. (OTC: INND). The company not only manufactures OTC Hearing aids but also hearing aid accessories and products related to hearing health. The company seeks to address the worldwide demand for hearing solutions that are affordable. The company has managed to come up with a business-to-customer and business-to-business model that has managed to overcome the barriers that make it difficult for customers to get access to effective and affordable hearing solutions. It should be noted that long ago, the company made a key acquisition in the form of iHear Medical Inc., a cloud powered hearing solutions provider. Perhaps more importantly, it was an acquisition that gave the company access to more than 40 patents and a research and development facility. The acquisition of HearingAssist could also prove to be an inspiring one given the company has been in the OTC hearing aid market since 2008 and commands a customer base of 400,000. Last week, InnerScope was in the news on March 2 after it announced that it was going to participate in the World Hearing Day of the World Health Organization on March 3, 2023. The company announced at the time that it was going to join in the celebrations through the promotion of the OTC Hearing Aids from HearingAssist. The hearing aids, which are registered with the United States Food and Drug Administration, are available in more than 1500 Walmart Vision Centers and also on Walmart.com. World Hearing Day is an annual event that looks to advocate for raising global awareness with regard to hearing loss, hearing care, and ear well-being. InnerScope and its subsidiary HearingAssist were looking to participate in the event by raising as much awareness as possible about their Free Hearing Screenings and timely treatment of any kind of hearing loss. In the press release that was published by the company back on March 2, InnerScope noted that as many as 48 million people in the United States suffer from some degree of hearing loss, and around 50% of those are younger than 65. It went on to note that hearing loss was the third most common health problem among older adults in America. At the end of the day, companies like InnerScope need strong distribution networks and a presence in leading stores. Last year, on December 22, 2022, the company was in the spotlight after it announced that the OTC Rechargeable Hearing Aids from HearingAssist had been launched on CVS.com. However, that was not all. The OTC Hearing Aids from HearingAssist had also been launched in eight select CVC pharmacy outlets in Rhode Island and Massachusetts. The company had previously launched many of its products on CVS and CVS.com and the launch of the OTC Rechargeable Hearing Aids was the latest at the time. The presence of the product in CVS outlets and on the online platform would give it a much bigger customer base to address. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

March 07, 2023 05:00 AM Eastern Standard Time

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