INSCOR, Inc. Enters Into Negotiations to Secure Insurance Contract With Welfare Organization in Ghana
July 24 2013 - 8:30AM
Marketwired
INSCOR, Inc. (PINKSHEETS: IOGA) announced today that it has entered
into negotiations with the Republic of Ghana's National Mass Social
Welfare Scheme (MSWS) http://www.mswsghana.org 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."
About INSCOR, Inc. 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:
www.ins-cor.com.
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434-8692
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