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Posted On: 03/28/2018 12:11:59 PM
Post# of 18538
$IVST news out:
CLEVELAND, March 28, 2018 (GLOBE NEWSWIRE) — Innovest Global, Inc. (OTC PINK:IVST) has engaged NMS Inc., to audit its 2016 and 2017 financial results to PCAOB standard. Innovest’s acquisition pipeline now features fourteen companies.
Innovest continued to advance its business plan throughout this month. The company has engaged NMS Inc. to audit its 2016 and 2017 financial results. Management feels having two years of audited financial statements to PCAOB standard is a component necessary for its uplisting strategy. NMS is a Cleveland based, PCAOB compliant Certified Public Accountant firm with 40 employees and a 30-year track record.
The company has integrated three acquisitions in the first quarter, and is now operating with baseline quarterly revenue beginning second quarter 2018, of $800,000 in its Commercial & Industrial Division. The acquisition of H.P. Technologies last week, is the most recent. The Biotechnology & Health Sciences Division will launch upon its first completed transaction, expected this spring. The current pipeline of fourteen companies includes seven in the Commercial & Industrial Division, three in Biotechnology & Health Sciences. The others would mark entry into subsequent divisions. Eleven of the fourteen companies each generate greater annual revenue than Innovests current base, showing the business plan advancing to incrementally larger transactions. The company sees additions to, and subtractions from, the pipeline list regularly. articlehttp://spotlightgrowth.com/index.php/2018/03/28/innovest-global-inc-otc-pink-ivst-march-shareholder-update-highlights-selection-of-auditor-large-acquisition-pipeline-continued-progress/
CLEVELAND, March 28, 2018 (GLOBE NEWSWIRE) — Innovest Global, Inc. (OTC PINK:IVST) has engaged NMS Inc., to audit its 2016 and 2017 financial results to PCAOB standard. Innovest’s acquisition pipeline now features fourteen companies.
Innovest continued to advance its business plan throughout this month. The company has engaged NMS Inc. to audit its 2016 and 2017 financial results. Management feels having two years of audited financial statements to PCAOB standard is a component necessary for its uplisting strategy. NMS is a Cleveland based, PCAOB compliant Certified Public Accountant firm with 40 employees and a 30-year track record.
The company has integrated three acquisitions in the first quarter, and is now operating with baseline quarterly revenue beginning second quarter 2018, of $800,000 in its Commercial & Industrial Division. The acquisition of H.P. Technologies last week, is the most recent. The Biotechnology & Health Sciences Division will launch upon its first completed transaction, expected this spring. The current pipeline of fourteen companies includes seven in the Commercial & Industrial Division, three in Biotechnology & Health Sciences. The others would mark entry into subsequent divisions. Eleven of the fourteen companies each generate greater annual revenue than Innovests current base, showing the business plan advancing to incrementally larger transactions. The company sees additions to, and subtractions from, the pipeline list regularly. articlehttp://spotlightgrowth.com/index.php/2018/03/28/innovest-global-inc-otc-pink-ivst-march-shareholder-update-highlights-selection-of-auditor-large-acquisition-pipeline-continued-progress/
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