[b]$IOGA[/b] INSCOR, Inc. Investors Begin to Realize Huge Potential Market for Company's Products
NEW YORK, NY, [b][color=green]May 14, 2013[/color][/b] (Marketwired via COMTEX) -- INSCOR, Inc. (PINKSHEETS: IOGA) has seen its price per share rise dramatically over the past couple of months, and this appreciation is due in large part to the market beginning to understand the company's products and how its business model is falling into place for what could be the start of something special. In February, Stock House Group, a research and content development investor relations firm, released its research report, with the company's share price at $0.04, explaining INSCOR's solution to what is a colossal problem affecting corporations, over 67,000 municipalities, and many government entities. This is an obvious client list with lots of potential -- so much so, that it should make for a very interesting story as contract after contract is signed and the story unfolds completely.
For those new to INSCOR, their product is a specially designed plan that addresses a rapidly growing problem likely affecting someone you know or even you yourself. In a nutshell, corporations, municipalities and many government entities hire employees by winning them over in the recruitment process with promises of employee retiree benefits like pension plans, healthcare, dental, prescription plans and other post employment benefits. But, for years they made these promises without actually putting aside the money to pay for them, and accounting rules allowed them to do so.
Well, those accounting rules were changed (GASB45) by the Governmental Accounting Standards Board, and it's time to pay the piper. Needless to say as these entities now have to pay for and account for these future costs, a panic has set in because up until now these were costs that were accounted for on a pay-as-you-go basis.
