Written by ι Stock Market Media Group Staff — October 21, 2013
Last week Inscor, Inc. (OTCPK: IOGA) made two interesting announcements. The first was that the company had created a sports division, and the other was that the 4-time NBA Champ John Salley would be heading up the division as its president. It appears to be another brilliant move by executives at Inscor who are clearly laying the foundation for a strong 2014.
Inscor has used 2013 to build a team capable of carrying the company into the future and it looks to be ready to go full steam ahead with a number of insurance products that, if marketed properly, can make a real difference. One of those products is a Financed Insurance Trust (FIT) plan that the company has tailored to meet the needs of high net worth individuals whether it be a professional athlete or an entertainer. It will be this product that will be marketed and sold from the newly formed sports division.
Enter John Salley who played 15 years in the NBA winning 4 championships with 3 different teams, he has acted in a number of big Hollywood films including Bad Boys 1 & 2, and he’s hosted a number of awards shows as well as serve as a co-host for 7 years on the Emmy nominated, “The Best Damn Sports Show Period” on Fox Sports Net.
John Salley knows more than his fair share of high net worth individuals in the sports and entertainment world, and anyone who has seen him in an interview or on television can attest to his charisma and likeability. If anyone can market Inscor’s FIT plan to athletes and high net worth individuals, it’s John Salley.
When Inscor named Kenny Andam as its new CEO this past summer, it was a great move for a number of reasons. The most obvious was it brought another business mind into the company. Andam is a business leader who thinks outside the box and thrives on solving problems with a no nonsense aggressive approach. The deal Andam inked in August with the MSWS in Ghana that’s expected to bring Inscor its first revenues starting this quarter is exactly this CEO’s style – outside the box and aggressive!
Another area where naming Andam to be the company’s CEO was a great move is that it allows Richard Doerr, the former CEO and current COO and Richard Krabbeler, Inscor’s President, to do what they do best— focus on the company’s insurance products. Doerr and Krabbeler can spend the bulk of their time marketing the FIT OPEB plan that is a variation of the FIT plan specially designed to help municipalities and other government entities, corporations, school systems, hospital systems, etc. deal with underfunded liabilities with their retired employees benefits.
With the company’s products for high net worth individuals, its solution for the nation’s more than $1.5 trillion in underfunded liabilities and the CEO’s outside the box deal with MSWS, 2014 should be a year that lands Inscor on the map. It will be the strong team the company has assembled that should make sure all that is possible comes to fruition.