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$11.7 Million Net Sales in Q1 2019 Headlines Innovest Global Shareholder Update
$11.7 Million Net Sales in Q1 2019 Headlines Innovest Global Shareholder Update.
About this update from Innovest Global Inc
[{"type":"text","content":"\n \n Innovest Global Inc. (OTC Markets: IVST), \n a diversified industrials and biotechnology company, has posted its Q1 \n 2019 financial results, and provides the following shareholder update.\n \n \n Notable information from the financial reports:\n \n \n \n Net Sales $11.7 million are highest ever with 1,585% growth over Q1 \n 2018 and 225% over Q4 2018\n \n \n Net Income $986,000 after gain on non-operating income; first positive \n Net Income in Company history\n \n \n Basic EPS: $0.007\n \n \n Total Assets $16.5 million\n \n \n Current Assets $10.7 million\n \n \n Quick Ratio of .99\n \n \n No long-term debt, no convertible debt, no options, no warrants \n outstanding.\n \n \n \n Innovest had a meeting of its Board of Directors on May 22, 2019. In \n that meeting, the company discussed its rapid growth to date, current \n status, and future plans. Highlights from the discussion include:\n \n \n \n The acquisition strategy has evolved to focus on companies, which have \n a strategic fit to the executive team or current operations, and have \n profitable operations with revenue in excess of $10 million. \n Exceptions can be made for smaller acquisitions if they are strategic.\n \n \n Management is enthusiastic about its sales efforts and success with \n large contracts/accounts. These efforts have resulted in a high \n percentage of revenue from those few accounts. The organic sales \n strategy involves pursuing additional large accounts which would \n reduce reliance on the existing sources and continue strong sales \n growth if successful.\n \n \n The Company will pursue immediate strategic initiatives to maximize \n the value being achieved by shareholders of both its Biotech \n initiatives, and its Industrial initiatives.\n \n \n The Company’s rapid growth will be fortified by additions to the \n executive team, and continued engagement with existing and new \n world-class outside service providers.\n \n \n The Company expects to be current in its reporting requirements this \n week.\n \n \n Auditors report for 2018 financial results is in process.\n \n \n \n Please follow us across social media, a frequent medium for important \n updates and news @innovestglobal. \n Look for much more information to come soon.\n \n \n About Innovest Global, Inc.\n \n \n Innovest Global, Inc. (OTC Markets: IVST) \n has operations...