INSCOR, Inc. CEO Heads Home to Create Opportunities for His Nation and His Company

NEW YORK, NY--(Marketwired - Jul 26, 2013) - In the summer of 2000, INSCOR, Inc.'s (PINKSHEETS: IOGA) new CEO, Kenny Andam, was sprinting in the Sydney Summer Olympics for his homeland, the Republic of Ghana. Thirteen years later in the summer of 2013, he's still moving quickly to create opportunities for INSCOR, and he's still passionate about helping his fellow countrymen. 

This week INSCOR announced 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. MSWS represents a social welfare initiative aimed at alleviating poverty by offering financial help to the poor and vulnerable. 

Stock Market Media Group, a full service investor relations firm focused on research, market awareness and content development, looked into MSWS and found this could, in fact, be a great opportunity for INSCOR.

When we read that Kenny Andam was meeting with MSWS 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, two things caught our attention. The first is that 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. Eighteen million cards is a large number of cards to insure, and if INSCOR can seal the deal, it should be interesting to see the details. 

Another thing piquing our interest was reading the word "scheme" in the organization's name, so we did some digging to assuage that concern, and the good news is MSWS is a legitimate organization formed in a round-about way as part an effort by the U.S. Congress and the United Nations to reduce poverty worldwide. We found that in Africa the word "scheme" is used much like the word "plan" in the U.S., so insurance or healthcare scheme is comparable to our insurance or healthcare plan.

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