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INSCOR Inc Corp and Zion Capital Complete First Tranche of Previously Announced Exchange [Market News Publishing (US)]
INSCOR INC CORP
INSCOR INC CORP ("IOGA-0") - INSCOR Inc Corp and Zion Capital Complete First Tranche of - Previously Announced Exchange
INSCOR, Inc. Corporation and Zion Capital Ventures announced this morning that they have begun to successfully implement the Exchange of fixed-income investment grade bonds for convertible Preferred shares. More specifically, the first $100,000,000 (one hundred million dollars) of Zion's fixed-income investment-grade bonds have now been placed on INSCOR's balance sheet, with the corresponding number of Preferred shares in process to Zion Capital Ventures. Both INSCOR and Zion anticipate consummating an additional six exchange tranches of $100,000,000 each in the current quarter, until the entire $700,000,000 (seven hundred million dollars) of fixed-income investment grade bonds has been placed on INSCOR's balance sheet and Zion has correspondingly received the full and agreed amount of convertible Preferred shares.
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:
ZionCapital Venturesspecializes in offering venture capital and private placementsfor 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 placementplatform. 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.
Source: INSCOR Inc. Corporation
