LAS VEGAS--(BUSINESS WIRE)--Further to the multiple positive events publicized in the last week, INSCOR, Inc. Corporation (PINKSHEETS: IOGA) and Zion Capital Ventures are pleased to announce that Zion Capital Ventures has placed $700,000,000 of fixed income investment-grade bonds into an account on which INSCOR is a named account holder, in preparation for the contemplated exchange of the bonds for INSCOR convertible Preferred shares. In parity with Zion Capital Ventures, therefore, INSCOR’s Board of Directors has authorized the issuance of the new series of Preferred stock, and has correspondingly made all necessary administrative and regulatory preparations for their issuance. Both INSCOR and Zion Capital Ventures look forward to fulfilling their obligations under the binding Exchange Agreement signed earlier this week. As INSCOR Chairman Keith McAllister stated this morning, “With the fulfillment of this Agreement with our colleagues at Zion Capital Ventures, we are now positioned to implement the roll-out of a variety of projects geared toward significantly enhancing shareholder value while simultaneously expanding the scope of our activities”.
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
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.