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Monday, March 23, 2015 7:40:57 AM
INSCOR, Inc. Corporation and Zion Capital Ventures Advance toward Obtaining Financing
Mar 19, 2015
OTC Disclosure & News Service
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Further to the announcement made on Tuesday, March 17, 2015, INSCOR, Inc. Corporation (PINKSHEETS: IOGA) and Zion Capital Ventures are pleased to announce that INSCOR’s corporate counsel has verified, directly with Zion Capital Ventures’ bank, that Zion Capital Ventures’ current balances on deposit at that top-3 U.S. money center bank are in excess of $700,000,000.00 (seven hundred million dollars). Now that Zion Capital Ventures’ liquidity has been verified, INSCOR and Zion can jointly move forward with the third-party lender toward successfully consummating the proposed secured financing arrangement. INSCOR Chairman Keith McAllister stated this morning: “This is an important day for INSCOR, as we continue to build momentum in our push to expand into additional areas of interest. We are delighted that our relationship with the professionals at Zion Capital Ventures is beginning to bear fruit in such an expedient manner, and we look forward to bringing this project, as well as future projects, to fruition.”
About INSCOR, Inc.:
In its core business, INSCOR, Inc. specializes in the creation and implementation of flexible and effective insurance solutions for organizations serving as many as tens of millions of members across the globe. In the U.S., the Company markets its FIT OPEB plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits. In addition, INSCOR’s Financed Insurance Trust plan variation also works for affluent individuals, entertainers and professional athletes -- whether for estate planning or funding cash flow needs. INSCOR's strategy uses a combination of favorable financing terms, innovative uses of specific life insurance products and trusts -- all of which result in minimum levels of out-of-pocket costs for producing significant future funding and revenue stream opportunities. More recently, INSCOR has diversified its holdings and activities to include a broader range of non-insurance interests geared toward adding increased shareholder value.
For more information about INSCOR, contact:
Richard Krabbeler, President
(702) 248-6901
Rkrabbeler@ins-cor.com
Or visit the company’s website at www.ins-cor.com
About Zion Capital Ventures:
Zion Capital Ventures specializes in offering venture capital and private placements for self-directed and fixed income product-focused clients. Zion Capital Ventures’ clients invest in stocks, bonds, mutual funds, charitable trusts, FDIC-insured certificates of deposit, and exchange-traded funds through a financial representative, or by bidding on Zion’s innovative private placement platform. In addition, Zion Capital Ventures’ affiliates and partners work closely together to meet clients’ venture capital and private banking needs by facilitating money market, checking, charitable remainder trusts and other high-yield banking products via its institutional relationships. For more information about Zion Capital Ventures, please call 1(800)547-1263 or (929)777-2201.
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