HearAtLast Holdings Announces $2.5 Million Distribution Agreement with Wal-Mart
BURLINGTON, ON / ACCESSWIRE / March 11, 2015 / HearAtLast Holdings Inc. (HRAL) is pleased to announce that the company has entered into a $2.5 million agreement with Walmart to distribute HRAL products for hearing loss in its U.S. stores. The $2.5 million is based on an 18 month period in which HRAL sales staff will supervise and aid in the marketing and distribution of HearAtLast products. In a joint collaboration with Walmart, HRAL products will be available in forty select locations throughout the continental U.S. "Some time ago, we announced an expansion plan to incorporate HearAtLast's products in U.S. outlets where demand for our products is massive due to the millions of people including veterans suffering from some kind of hearing loss. We are excited about this new endeavor and we look forward to a successful year and beyond," stated Aldo Rotondi V.P. of Business Development.
The agreement is finalized, and is subject to regulatory approval, details of the deal will be disclosed in further filings. In other areas, HRAL's development team has been working on revolutionary WIFI enabled hearing aids that improves on the engineering of previous products. The new products are expected to be launched in the 4Q of 2015. In addition, "We have received many inquiries from our loyal shareholders in regards to current status and progress of the company, we would like to thank all shareholders for continued support and we look forward to a successful 2015-16." Stated CEO Matteo Sacco. We have directed our Attorneys in respect with getting all required disclosures, financial statements and attorney letter filed with OTC Markets Group of attainment of current status (OTCPINKSHEETS).
About Walmart Wal-mart Stores, Inc. (NYSE:WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, more than 250 million customers and memebers visit our 11,453 stores under banners in 27 countries and e-commerce websites in 11 countries. With fiscal year 2015 revenues on nearly $486 billion, Walmart employs approximately 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting stock.walmart.com.
About HearAtLast
HearAtLast Holdings, Inc. is a Nevada corporation that has developed HearAtLast; a chain of hearing stores specializing in the sale of digital hearing aids and testing services within select Wal-Mart stores in Canada and Medical Clinics.
HearAtLast facilities sell a selection of high quality brand name hearing aids and also offer complimentary screening tests, clinical hearing tests, high end ear buds and assistive listening devices. The Company's mission is to expand and develop opportunities within the highly fragmented hearing services to the estimated 30+ million hearing impaired individuals throughout North America by co-developing and/or licensing its HearAtLast brand throughout North America, within Wal-Mart stores as well as in independent locations. It is also the Company's endeavor to provide the finest Hearing Health Centre's available today by offering exceptional, guaranteed products, quality service by trained professionals and all the while maintaining affordable prices. HearAtLast is accomplishing this by combining the most sought after retail space in North America with convenience and location.
For more information please visit www.hearatlastholdings.com.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Investor Relations:
HearAtLast Holdings, Inc.
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SOURCE: HearAtLast Holdings, Inc.
