Innovest Energy Group Wins $1 Million Contract to
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Posted On: 01/02/2019 9:13:09 AM
Innovest Energy Group Wins $1 Million Contract to Deploy New Technology at NYSE Listed Manufacturer, Largest Energy Group Contract to Date
CLEVELAND, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST) (the “Company” or “Innovest”), a conglomerate with operations in commercial and industrial products and services, biotechnology, construction and building materials, won a $1.1 million contract with SIFCO Industries. The contract utilizes new technology introduced by Innovest in 2018, which is projected to be a key component of Energy Group growth in 2019.
The technology provides for estimated reduction of client operating costs by $400,000 per year in this case, with a lifespan of more than 20 years, to be implemented by reconstructing electric infrastructure at client facilities. The contract was signed the last week in December, and the project will be completed in the first half of 2019.
“Our Damon Mintz had the vision to go after this technology for us in 2018 while he was running our Energy Division, and he led our successful effort in the past few weeks to bring it entirely in-house. It provides our industrial clients a significant return on investment while being a profitable solution for us to execute. This is exactly the type of differentiation, innovation, and growth offering we pursue at Innovest,” said Dan Martin, Innovest’s founder, Chairman and Chief Executive Officer. “The Shepherd Energy team secured the client proposal, and will manage this project. Our entire energy team deserves credit for amazing execution in 2018, and positioning the division for significant growth in 2019.”
For Innovest, the second half of 2018 was marked by significant revenue growth and large, notable clients. Look for much more information to come soon about 2018 results, 2019 plans, and important developments.
About Innovest Global, Inc.
Innovest Global, Inc. (OTC Markets: IVST) is a conglomerate with operations in commercial and industrial products and services, energy, biotechnology, and health services. Our primary growth strategy is to acquire existing companies in a select few industries, and attract new customers in cost effective ways. Currently, we have a Commercial & Industrial Division, a Biotechnology Division, and a Construction & Building Materials Division.
For more information, please visit: http://www.innovestglobal.com, and follow us on Twitter and Facebook @innovestglobal.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the OTC Markets. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact Information
Corporate Office:
(216) 815-1122
info@innovestglobal.com
Twitter @innovestglobal
Investor Relations:
Hayden IR
(917) 658-7878
hart@haydenir.com
CLEVELAND, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST) (the “Company” or “Innovest”), a conglomerate with operations in commercial and industrial products and services, biotechnology, construction and building materials, won a $1.1 million contract with SIFCO Industries. The contract utilizes new technology introduced by Innovest in 2018, which is projected to be a key component of Energy Group growth in 2019.
The technology provides for estimated reduction of client operating costs by $400,000 per year in this case, with a lifespan of more than 20 years, to be implemented by reconstructing electric infrastructure at client facilities. The contract was signed the last week in December, and the project will be completed in the first half of 2019.
“Our Damon Mintz had the vision to go after this technology for us in 2018 while he was running our Energy Division, and he led our successful effort in the past few weeks to bring it entirely in-house. It provides our industrial clients a significant return on investment while being a profitable solution for us to execute. This is exactly the type of differentiation, innovation, and growth offering we pursue at Innovest,” said Dan Martin, Innovest’s founder, Chairman and Chief Executive Officer. “The Shepherd Energy team secured the client proposal, and will manage this project. Our entire energy team deserves credit for amazing execution in 2018, and positioning the division for significant growth in 2019.”
For Innovest, the second half of 2018 was marked by significant revenue growth and large, notable clients. Look for much more information to come soon about 2018 results, 2019 plans, and important developments.
About Innovest Global, Inc.
Innovest Global, Inc. (OTC Markets: IVST) is a conglomerate with operations in commercial and industrial products and services, energy, biotechnology, and health services. Our primary growth strategy is to acquire existing companies in a select few industries, and attract new customers in cost effective ways. Currently, we have a Commercial & Industrial Division, a Biotechnology Division, and a Construction & Building Materials Division.
For more information, please visit: http://www.innovestglobal.com, and follow us on Twitter and Facebook @innovestglobal.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the OTC Markets. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact Information
Corporate Office:
(216) 815-1122
info@innovestglobal.com
Twitter @innovestglobal
Investor Relations:
Hayden IR
(917) 658-7878
hart@haydenir.com
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