$IVST Signed LOI to Acquire Forensic Energy Auditing Firm With $500K Annual Revenue
CLEVELAND, May 02, 2018 (GLOBE NEWSWIRE) — Innovest Global, Inc. (OTC PINK:IVST) Commercial & Industrial Division has signed a Letter of Intent to acquire an Energy business specializing in forensic energy auditing, and energy reduction strategy recommendations for high energy use clients.
Innovest Global has signed of a Letter of Intent to acquire 100% ownership of the company, which is a perfect foundation for the “consultancy” pillar of the one-stop business model. The Energy Group business model is consultancy, procurement, and efficiency solutions for high energy use clients. If completed, this acquisition would be the fourth so far this year for the Commercial & Industrial Division.
The business model of the target company is to conduct forensic energy audits for organizations, and then make recommendations for cost savings. In the consolidating Energy industry, Innovest Energy Group is on the leading edge of the desire these clients have to obtain the energy procurement and efficiency solutions from a single source. By having nationwide procurement, and solutions like the Demand Cost Reduction telephone pole mounted unit launched last month, acquiring a best-in-class consultancy firm would provide a comprehensive client solution, as well as an immediate pipeline for new business.
It has been a busy month at Innovest Global, for both the Commercial & Industrial Division, and the forthcoming Biotechnology & Health Sciences Divison. Look for much more information to come soon. As noted consistently, the company will increasingly use Twitter, which can be accessed both on Twitter @innovestglobal and on the front page of our website www.innovestglobal.com, for important company updates. This includes information that may be material, so please follow us and visit our website regularly! For more information on Innovest Global contact info@innovestglobal.com, or call Innovest Global’s investor Relations Matt Rego at 216.815.1122.
http://www.innovestglobal.com
Safe Harbor Statement: This news release contains “forward-looking statements”, which are statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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CLEVELAND, May 02, 2018 (GLOBE NEWSWIRE) — Innovest Global, Inc. (OTC PINK:IVST) Commercial & Industrial Division has signed a Letter of Intent to acquire an Energy business specializing in forensic energy auditing, and energy reduction strategy recommendations for high energy use clients.
Innovest Global has signed of a Letter of Intent to acquire 100% ownership of the company, which is a perfect foundation for the “consultancy” pillar of the one-stop business model. The Energy Group business model is consultancy, procurement, and efficiency solutions for high energy use clients. If completed, this acquisition would be the fourth so far this year for the Commercial & Industrial Division.
The business model of the target company is to conduct forensic energy audits for organizations, and then make recommendations for cost savings. In the consolidating Energy industry, Innovest Energy Group is on the leading edge of the desire these clients have to obtain the energy procurement and efficiency solutions from a single source. By having nationwide procurement, and solutions like the Demand Cost Reduction telephone pole mounted unit launched last month, acquiring a best-in-class consultancy firm would provide a comprehensive client solution, as well as an immediate pipeline for new business.
It has been a busy month at Innovest Global, for both the Commercial & Industrial Division, and the forthcoming Biotechnology & Health Sciences Divison. Look for much more information to come soon. As noted consistently, the company will increasingly use Twitter, which can be accessed both on Twitter @innovestglobal and on the front page of our website www.innovestglobal.com, for important company updates. This includes information that may be material, so please follow us and visit our website regularly! For more information on Innovest Global contact info@innovestglobal.com, or call Innovest Global’s investor Relations Matt Rego at 216.815.1122.
http://www.innovestglobal.com
Safe Harbor Statement: This news release contains “forward-looking statements”, which are statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Disclaimer:
Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.
All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated two thousand five hundred dollars cash and fifty thousand restricted shares for the creation and dissemination of this content.
This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.
The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.
Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/
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