$IVST Innovest Global Inc. (OTC Markets:IVST) (the “Company” or “Innovest”), announces that the previously announced 'Letter of Intent' to acquire a $30 million revenue generating company has been voted on in final form by that company and approved. Innovest Global will now enter the Building Materials industry with the purchase of Authority National Supply (ANS). The ANS Board of Directors voted to approve the transaction after receiving a super majority approval from its members. Innovest will ceremonially close the acquisition on Thursday, October 25th at 5 PM EST to kick-off our previously scheduled open house. In 2017, ANS generated $24.5 million in revenue. This transaction increases Innovest’s annual revenue by over 500% (five-hundred percent).


https://globenewswire.com/news-release/2018/1...ually.html