Advantego Corporation (ADGO) and InnerScope plan to distribute headphones and other assistive listening devices with personalized hearing profiles for the hearing impaired through InnerScope’s vendor agreements with Walmart.com, Sears.com and Kmart.com
DENVER, CO, May 20, 2019 (GLOBE NEWSWIRE) -- Advantego Corporation (ADGO) today announced the expansion of an existing Strategic Partnership Agreement and Distribution Agreement with InnerScope Hearing Technologies (INND) of Roseville, CA.
The Agreement includes a joint development of a proprietary hearing software for self-administered frequency threshold hearing assessment to accurately create personalized hearing profiles based on each person’s hearing strengths and weaknesses. Advantego will be able to offer this proprietary hearing profile software within its range of hardware products to assist the millions of hearing-impaired individuals.
“We agreed to a more collaborative relationship on a number of fronts as both companies mature in the audiological and hearing-impaired world,” according to Robert W. (Rob) Ferguson, Advantego’s Chief Executive Officer. “With Innerscope becoming a disruptive force in the fast-evolving audiological market, we can capitalize on our newly expanded capabilities of design, engineering and manufacturing of hardware products and licensing of third-party technology,” he said.
InnerScope plans to distribute Advantego’s newly developing products including headphones, sound bars and other assistive listening devices through its vendor distribution agreements with www.walmart.com, www.sears.com and www.kmart.com.
Matthew Moore, CEO InnerScope Hearing Technologies, commented: “We are excited to extend our partnership with Advantego. The Agreement allows both companies to continue to jointly develop and distribute innovative hearing technologies for the tens of millions of people that either need hearing assistance or just enjoy personalized enhanced hearing.”
ABOUT INNERSCOPE HEARING TECHNOLOGIES
InnerScope Hearing Technologies (INND) is a rapidly expanding consolidator of the hearing aid industry. Management is applying decades of profitable industry experience and technology to an antiquated and disjointed industry, unlocking scale and efficiency, which will serve all InnerScope’s stakeholders. Its direct-to-consumer model is revolutionizing the industry with its Walmart.com, Sears.com and Kmart.com relationship representing a paramount shift in the consumption of hearing aids by the hearing impaired.
In addition, InnerScope plans to continue to open, acquire, and operate a physical chain of audiological and retail hearing aid clinics. InnerScope’s mission is to serve approximately 1.2 billion people around the globe that are suffering with 25 db or greater hearing loss across the entire hearing impaired vertical from R&D and manufacturing through direct consumer sales and services. For more information, please visit: www.innd.com. For the Most up-to-date information about InnerScope Hearing Technologies (INND), please visit and follow our Official Twitter account @inndstock Page. https://twitter.com/inndstock
ABOUT ADVANTEGO CORPORATION
Advantego Corporation (ADGO) is a business solutions provider that develops stand-alone digital delivery systems, electronic and enterprise software products to capitalize on niche opportunities within a specific market. The Company leverages a proprietary Intelligent Solution Platform, combining leading third-party, cutting-edge technologies with existing data and systems to deliver a turnkey specialized Business Process as a Service (BPaaS) that is both scalable and cost-effective. The Company offers a variety of stand-alone products and services tailored specifically to targeted industries, combining these with multiple software applications for large enterprises, affiliate networks and franchise operators as comprehensive, managed bundled solutions. The Company’s services also include product design, engineering and OEM manufacturing of hardware products. In addition, it licenses and distributes third-party proprietary software and hardware from a host of Strategic Partners. Website: www.advantego.com. Twitter: @Advantego1.
This news release may contain forward-looking statements within the meaning of the Securities Act. As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.
These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook and similar expressions. The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances. The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. Statements regarding the following subjects, among others, may be forward- looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.
GREG McANDREWS & ASSOCIATES
Gregory A. McAndrews