Last $0.11 USD
Change Today -0.07 / -38.89%
Volume 1.9K
IOGA On Other Exchanges
As of 9:35 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

inscor inc (IOGA) Snapshot

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02/3/14 - $0.56
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10/28/14 - $0.10
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inscor inc (IOGA) Details

Inscor, Inc. Corporation provides various life insurance products in the United States. It offers financed insurance trust (FIT) premium financing plans for individuals, athletes, and entertainers; FIT other post-employment benefit plans for corporations and municipalities; interest rate risk management/risk control instruments; and business succession and executive compensation solutions, as well as retirement, and financial and estate planning services. The company is based in Las Vegas, Nevada.

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inscor inc (IOGA) Key Developments

Inscor, Inc. Announces New Appointments

Inscor, Inc. has added another professional to the company's newly formed sports division. The company announced that Phil Sloan has joined sports division President, John Salley, to market and generate sales of the company's Financed Insurance Trust (FIT) plan. Phil Sloan has spent the past 7 years in the public relations industry with top firms in both New York and Boston. Sloan learned the industry, creative marketing, sales and created client relationships from the world of professional sports while working with Hill & Knowlton, one of the oldest and most prestigious New York-based public relations firms, and at the firms Mullen and Arnold Worldwide, Boston's large advertising and public relations agencies.

INSCOR, Inc. Appoints John Salley as President of its Newly Formed Sports Division

INSCOR, Inc. announced that John Salley, has been named President of the company's newly formed sports division. John Salley's role at Inscor will be to present the company's Financed Insurance Trust (FIT) plans to professional athletes and high net worth individuals. He will also be charged with promoting Inscor and its products.

INSCOR, Inc. Secures Contract Worth an Initial $36 Million in Annual Revenue

INSCOR, Inc. announced that it has been awarded the sole contract to replace the lost or stolen welfare cards to be issued via Global Cash Ltd., for members of the Republic of Ghana's National Mass Social Welfare Scheme (MSWS), which is being implemented by the Millennium Development Project. MSWS is a social welfare initiative aimed at alleviating poverty by offering financial help to the poor and vulnerable. MSWS provides assistance for a number of welfare needs that include: affordable housing, educational grants, and providing capital to set up new businesses. As part of this new program, MSWS will initially provide valuable structured welfare needs to 3 million members by the end of October 2013, growing to 9 million members by the end of October 2014. It is expected that MSWS cards will be issued to nearly 18 million members in Ghana by the end of October 2015. A monthly fee of $1.00 per card will be paid to INSCOR to insure each member's card for replacement, in case of loss or theft. The insured coverage will be structured for only lost or stolen card replacements. For INSCOR, this represents approximately $3 million in gross monthly revenue beginning November 30, 2013, and ultimately rising to $18 million in estimated gross monthly revenue within three years of the launch of the card program. The Company can continue to capitalize on and leverage MSWS's initiative, which is projected to ultimately reach 650 million subscribers to its programs throughout Africa by 2030.


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