INSCOR, Inc. Corporation (PINKSHEETS:IOGA) announced today that its
bank, a major money-center lender, has confirmed receipt of sufficient
cash collateral from a top-25 world bank necessary to further finance
the Company’s FIT (Financial Insurance Trust) business. This represents
a major milestone in the rolling-out of INSCOR’s business plan. INSCOR
Chairman Keith McAllister today stated: “We are very pleased to see that
our model is now poised for accelerated growth, as planned. The receipt
of this cash collateral allows us to move forward toward providing our
clients with the unique portfolio of products we proudly offer”.
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.
Copyright Business Wire 2014