$IVST Signs Two Energy Contracts Totaling 6 Figures, Announces Update On PCAOB Audit and Uplisting Plans
Sacramento, CA, May 03, 2018 (GLOBE NEWSWIRE) — A new update has been published on Innovest Global, Inc. (OTC PINK: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across telehealth, biotech, commercial energy, business-to-business distribution, national call center and auto sales.
The report provides an overview of Innovest Global, Inc., its subsidiaries, financials, industry analysis and more. The content also covers the global outlook for commercial energy and LED lighting markets.
Renub Research: Global LED Lighting Market Forecast To Be Worth $100 Billion By 2024
Innovest Global’s primary operating divisions are across commercial/industrial energy and biotech & health sciences. Both divisions have deep roots in high-growth markets with long term potential.
Energy efficiency continues to be a growing trend within the global business community, as companies search for ways to cut costs and boost revenues. It is surprising to hear that there is still a massive amount of companies out there that continue to rely on decades-old, outdated, and inefficient energy solutions. Ultimately, running these inefficient systems leads to higher energy costs, as well as lower productivity.
According to Renub Research, the global LED lighting market is estimated to be worth $100 billion by the end of 2024. The market research firm sees the vast global growth primarily stemming from exponential global urbanization and greater awareness to energy efficiency systems.
According to MarketsAndMarkets, the global LED lighting market is estimated to be worth $92.40 billion by 2022, which represents a compound annual growth rate (CAGR) of 13.66%. The market research firm sees the growth being driven by increasing demand for energy efficiency products, LED costs are falling, and overall greater adoption of the technology as a general lighting source.
In PwC’s “2017 Power and Utilities Trend” report, analysts concluded that a vast majority of the growth will come from a “blueprint for a service-based model.” This would include: emerging technologies, monitoring equipment, sensors, energy management technology, and more.
Innovest Signs Two Big Energy Sales Contracts, Announces LOI To Acquire Forensic Energy Auditing Firm With $500K Annual Revenue
On April 23, 2018, Innovest Global announced that it has signed its first Demand Cost Reduction (DCR) system client for a $118,000 sales contract. The DCR System is a primary metering system that can help clients eliminate up to 50-70% of wasted demand charge and reduce electricity costs by 30-40%.
On April 30, 2018, the company’s Energy Group announced that it has signed a five-figure lighting sales contract with the world-renowned equestrian facility, Stachowski Farms. Stachowski has a strong history of excellence with over 300 National Championships, over 250 Reserve National Championships, and over 1,500 top tens.
On May 2, 2018, Innovest Global announced that it has signed a Letter of Intent to acquire a forensic energy auditing firm that is generating annual revenues of $500,000. The business model of the acquisition target is to conduct forensic energy audits for businesses and organizations and then providing recommendations on how to improve cost savings. This serve is particularly valuable for high-use energy clients and large organizations.
Outside of the operational milestones that management continues to churn out, Innovest Global CFO, Mike Yukich, recently provided an update on the company’s audit and uplisting efforts. Mr. Yukich notes that the PCAOB audit is expected to be completed by the end of May, whereby the company will immediately begin uplisting to the OTCQB Venture Market.
“Dan Martin (Innovest Chairman and CEO) has been fanatical about advancing Innovest shareholder interests,” said Mr. Yukich. “He is concerned with one thing: maximizing shareholder value. We make decisions with long-term focus and have avoided short-term thinking. He and the board, and I, believe OTCQB is an ideal immediate goal to achieve our long term goals. Once we apply, we will be on their (OTC Markets) timeline so it’s difficult to predict if and when we may be successful. But, OTC has been an incredibly helpful partner over the past several months, and we are looking forward to the process.”
Recently, Innovest Global released their first quarter 2018 earnings report. The company reported total revenues greater than $708,000, gross profit of just under $330,000, and cash on hand greater than $600,000. Furthermore, the company reported total current assets of $932,096 and total current liabilities of $352,165, giving Innovest Global a strong quick ratio of 2.60, which is four times stronger than the conglomerate industry average of 0.60.
Management announced it has also cancelled 50 million common shares, which provides the company with the updated share structure, as of March 31st:
Authorized Shares: 500 Million
Outstanding Shares: 96.52 Million
Shares in Float: 11.80 Million
Innovest Global, Inc. was also featured on an episode of Spotlight Growth Live, a video web series that focuses on emerging growth companies.
For more information on Innovest Global, Inc., please visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/05/...l-revenue/
SpotlightGrowth.com is a digital hub for micro-caps, small-caps, crowdfunding, cryptocurrency, and other emerging growth investors. SpotlightGrowth.com serves as our media subsidiary and provides insights on small cap companies.
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/
Sacramento, CA, May 03, 2018 (GLOBE NEWSWIRE) — A new update has been published on Innovest Global, Inc. (OTC PINK: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across telehealth, biotech, commercial energy, business-to-business distribution, national call center and auto sales.
The report provides an overview of Innovest Global, Inc., its subsidiaries, financials, industry analysis and more. The content also covers the global outlook for commercial energy and LED lighting markets.
Renub Research: Global LED Lighting Market Forecast To Be Worth $100 Billion By 2024
Innovest Global’s primary operating divisions are across commercial/industrial energy and biotech & health sciences. Both divisions have deep roots in high-growth markets with long term potential.
Energy efficiency continues to be a growing trend within the global business community, as companies search for ways to cut costs and boost revenues. It is surprising to hear that there is still a massive amount of companies out there that continue to rely on decades-old, outdated, and inefficient energy solutions. Ultimately, running these inefficient systems leads to higher energy costs, as well as lower productivity.
According to Renub Research, the global LED lighting market is estimated to be worth $100 billion by the end of 2024. The market research firm sees the vast global growth primarily stemming from exponential global urbanization and greater awareness to energy efficiency systems.
According to MarketsAndMarkets, the global LED lighting market is estimated to be worth $92.40 billion by 2022, which represents a compound annual growth rate (CAGR) of 13.66%. The market research firm sees the growth being driven by increasing demand for energy efficiency products, LED costs are falling, and overall greater adoption of the technology as a general lighting source.
In PwC’s “2017 Power and Utilities Trend” report, analysts concluded that a vast majority of the growth will come from a “blueprint for a service-based model.” This would include: emerging technologies, monitoring equipment, sensors, energy management technology, and more.
Innovest Signs Two Big Energy Sales Contracts, Announces LOI To Acquire Forensic Energy Auditing Firm With $500K Annual Revenue
On April 23, 2018, Innovest Global announced that it has signed its first Demand Cost Reduction (DCR) system client for a $118,000 sales contract. The DCR System is a primary metering system that can help clients eliminate up to 50-70% of wasted demand charge and reduce electricity costs by 30-40%.
On April 30, 2018, the company’s Energy Group announced that it has signed a five-figure lighting sales contract with the world-renowned equestrian facility, Stachowski Farms. Stachowski has a strong history of excellence with over 300 National Championships, over 250 Reserve National Championships, and over 1,500 top tens.
On May 2, 2018, Innovest Global announced that it has signed a Letter of Intent to acquire a forensic energy auditing firm that is generating annual revenues of $500,000. The business model of the acquisition target is to conduct forensic energy audits for businesses and organizations and then providing recommendations on how to improve cost savings. This serve is particularly valuable for high-use energy clients and large organizations.
Outside of the operational milestones that management continues to churn out, Innovest Global CFO, Mike Yukich, recently provided an update on the company’s audit and uplisting efforts. Mr. Yukich notes that the PCAOB audit is expected to be completed by the end of May, whereby the company will immediately begin uplisting to the OTCQB Venture Market.
“Dan Martin (Innovest Chairman and CEO) has been fanatical about advancing Innovest shareholder interests,” said Mr. Yukich. “He is concerned with one thing: maximizing shareholder value. We make decisions with long-term focus and have avoided short-term thinking. He and the board, and I, believe OTCQB is an ideal immediate goal to achieve our long term goals. Once we apply, we will be on their (OTC Markets) timeline so it’s difficult to predict if and when we may be successful. But, OTC has been an incredibly helpful partner over the past several months, and we are looking forward to the process.”
Recently, Innovest Global released their first quarter 2018 earnings report. The company reported total revenues greater than $708,000, gross profit of just under $330,000, and cash on hand greater than $600,000. Furthermore, the company reported total current assets of $932,096 and total current liabilities of $352,165, giving Innovest Global a strong quick ratio of 2.60, which is four times stronger than the conglomerate industry average of 0.60.
Management announced it has also cancelled 50 million common shares, which provides the company with the updated share structure, as of March 31st:
Authorized Shares: 500 Million
Outstanding Shares: 96.52 Million
Shares in Float: 11.80 Million
Innovest Global, Inc. was also featured on an episode of Spotlight Growth Live, a video web series that focuses on emerging growth companies.
For more information on Innovest Global, Inc., please visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/05/...l-revenue/
SpotlightGrowth.com is a digital hub for micro-caps, small-caps, crowdfunding, cryptocurrency, and other emerging growth investors. SpotlightGrowth.com serves as our media subsidiary and provides insights on small cap companies.
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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