INSCOR, Inc. Corporation and Zion Capital Ventures Advance toward Obtaining Financing
2015年3月19日 - 10:00PM
ビジネスワイヤ(英語)
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.
INSCORRichard Krabbeler,
702-248-6901PresidentRkrabbeler@ins-cor.com
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