INSCOR, Inc. Corporation Announces Joint Cooperation Agreement

INSCOR, Inc. Corporation (PINKSHEETS: IOGA) Chairman Keith McAllister announced this morning that INSCOR has entered into a Joint Cooperation Agreement with Skyjet Airways Private Limited. According to the terms of this binding agreement, INSCOR shall make the cash-backed collateral whose receipt it announced on October 31, 2014 available to Skyjet, and Skyjet shall in turn provide INSCOR with access to its confirmed lines of credit. By cooperating with each other, both INSCOR and Skyjet are each able to access up to $50 million in secured debt financing, to be used for the roll-out of their business plans and the expansion of their offered products and services.

INSCOR Chairman Keith McAllister noted this morning “our cooperation with Skyjet allows us to access needed capital in a more expedient manner, while also opening the door toward building an expanded network of long-term and lasting banking relationships.”

Founded in 2013, Skyjet Airways Private Limited is a Republic of India-based scheduled airline utilizing a fleet of Airbus 320 aircraft. Skyjet Director Nawal Kishore lauded today’s announcement, highlighting the mutual benefits to be derived from cooperating with INSCOR and stressing the difficulty and importance of accessing acceptable collateral necessary to obtain secured debt financing.

About INSCOR, Inc.

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. A 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.

INSCOR, Inc.Richard Krabbeler, 702-248-6901PresidentRkrabbeler@ins-cor.comwww.ins-cor.com

Oicintra (PK) (USOTC:OICT)
過去株価チャート
から 11 2024 まで 12 2024