INSCOR, Inc. Enters Into Negotiations to Secure Insurance Contract With Welfare Organization in Ghana
(firmenpresse) - LAS VEGAS, NV -- (Marketwired) -- 07/24/13 -- INSCOR, Inc. (PINKSHEETS: IOGA) announced today that it has entered into negotiations with the Republic of Ghana's National Mass Social Welfare Scheme (MSWS) to insure the replacement of lost or stolen welfare cards issued to its members. The organization represents a social welfare initiative aimed at alleviating poverty by offering financial help to the poor and vulnerable.
INSCOR's CEO, Kenny Andam, has met with the MSWS leadership in an effort to position the Company as the sole provider of insurance that would replace any member-issued welfare cards that are lost or stolen. MSWS will issue a card to each of its 18 million current members along with future members, as part of its objective to provide for its members' needs. MSWS projects that 650 million subscribers throughout Africa will ultimately participate in the program.
Initially, MSWS will provide valuable structured welfare needs to its members that include: affordable housing, educational grants, and the provision of capital to help set up new businesses.
Mr. Andam commented on the significance of the program: "We are extremely excited to have an opportunity to discuss meeting the needs of this global initiative aimed at helping the poor and vulnerable citizens of the Republic of Ghana and those throughout Africa."
The President of MSWS Ghana, De-Ben Selassie Elikplim, said of the organization, "The program is motivated by the vast social challenges of the masses across Africa. Our program is currently established in all 215 Metropolitan, Municipal, and District Assemblies in Ghana and seeks to play a major role in the transformation of millions of poor and vulnerable people across the country."
INSCOR Inc. specializes in educating and marketing the FIT OPEB plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits. A FIT plan variation also works for affluent individuals, entertainers and professional athletes -- whether for estate planning or funding cash flow needs. INSCOR's "FIT" (Financed Insurance Trust) 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. For more information: .
Contact:
Marmel Communications, LLC
Marlin Molinaro
Phone: (702) 434-8692
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Datum: 24.07.2013 - 13:30 Uhr
Sprache: Deutsch
News-ID 281398
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LAS VEGAS, NV
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Commercial & Investment Banking
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