INSCOR, Inc. Corporation and Zion Capital Ventures Advance Toward Obtaining Financing
March 24 2015 - 9:00AM
Business Wire
INSCOR, Inc. Corporation (PINKSHEETS: IOGA) and Zion Capital
Ventures announce this morning that the two companies have entered
into a binding Exchange Agreement, according to the terms of which
Zion Capital Ventures shall provide INSCOR with $700,000,000 (seven
hundred million dollars) worth of fixed income investment-grade
bonds, in exchange for the equivalent value of INSCOR convertible
Preferred shares, with the exchange to be effected upon INSCOR’s
Board of Directors authorizing the issuance of a new Preferred
series of stock. According to INSCOR Chairman Keith McAllister, the
approval of a Board of Directors resolution authorizing said
issuance is imminent.
Consummation of the Exchange will significantly strengthen
INSCOR’s balance sheet, allowing the third-party lender greater
comfort in providing the previously-announced secured
financing.
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, President702-
248-6901Rkrabbeler@ins-cor.comwww.ins-cor.com
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