LAS VEGAS--(BUSINESS WIRE)--INSCOR, Inc. Corporation (PINKSHEETS: IOGA) and Zion Capital Ventures jointly announce that the two companies have entered into an Agreement providing financing needed by INSCOR to fund INSCOR’s Las Vegas-based real estate projects. Under the terms of the Agreement, INSCOR and Zion shall cooperate such that each shall be the recipient of up to $300,000,000 (three hundred million dollars) in proceeds emanating from third-party financing made available to both companies utilizing Zion’s liquidity, yet securitized through both INSCOR’s Las Vegas-based real estate holdings and by investment-grade bonds made available to the lender by Zion. By cooperating with each other in this manner, both INSCOR and Zion obtain access to financing sufficient to bring their slate of current 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 to add increased shareholder value.
For more information about INSCOR, contact:
Richard Krabbeler, President
(702) 248-6901
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.