Inscor, Inc. IOGA
New to our reports this morning, we have IOGA, an aspiring financial services provider with a compelling partner. It isn’t often that we run across a penny stock with big-name celebrity affiliation, but that’s just what we’ve found in IOGA.
The company recently added NBA Hall of Famer Dominique Wilkins to its board of directors. Wilkins is a 9-time NBA All-Star who managed an 11th all-time best 26,668 points over an illustrious 18-year career. To sports fans who lived in the 80’s and 90’s, he needs no introduction. Many consider him to be one of the greatest and most electrifying dunkers of all-time.
What makes this a match made in heaven, is that one of IOGA’s specialties is the Financed Insurance Trust (FIT) for wealthy individuals such as entertainers, and athletes both current and former. With the endless contacts and acquaintances that stem from nearly 20 years playing in one of America’s most popular sports leagues, Dominique is sure to aid in ingratiating Inscor’s services to his fellow athletes. This could play a key role in the company’s future growth, and is a storyline that we will certainly be following in the future.
There is big business in providing financial services to affluent individuals who may not possess the required money management skills to ensure that their windfall incomes continue to sustain them and their families over their lifetimes and beyond. It is estimated that as many as 50% of all former athletes end up toying with bankruptcy within a few years of retirement. Inscor’s FIT plans utilize investment grade, tax-advantaged methods to assist these individuals in creating a life insurance policy that will provide continual income throughout their retirements, all at little out-of-pocket expense.
We’re certainly anxious to learn how these plans will be received by the athletic community at large, once they see the company’s involvement with one of their own, the highly-respected Dominique Wilkins.
LAS VEGAS, NV, May 13, 2013 (Marketwired via COMTEX) — INSCOR, Inc. (PINKSHEETS: IOGA) announces the addition of Dominique Wilkins to the Company’s Board of Directors and appointment as Vice-Chairman. Wilkins’ responsibilities will include acting as spokesman, promoting goodwill and developing INSCOR relations with professional athletes and sport associations. His efforts will help facilitate the marketing of INSCOR’s FIT plan and related financial products and services to professional athletes and other affluent individuals in the industry.
The most celebrated player to ever wear an Atlanta Hawks uniform, NBA Hall-of-Famer Dominique Wilkins enters his seventh season as the Hawk’s VP of Basketball. Previously the team’s Special Assistant to the Executive Vice President and Player Development Assistant, Wilkins works in various management functions within the organization’s basketball and business offices, and as the team’s analyst for the Hawks broadcast networks. Full PR>>
As far as the chart is concerned, IOGA recently saw a golden cross as the 50DMA passed through the 200DMA, and the stock subsequently moved from a low of .40 to a high of .77, showing us that it is capable of making significant gains. Following that run, it consolidated, yet held support off of the 50DMA, which is a good sign.
In addition to estate and life insurance planning for wealthy individuals, Inscor markets its FIT OPEB (Other Post-Employment Benefits) plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits.
More information can be found at www.inscor.com