Business
Innovest Annual Letter Highlights Accomplishments, Plans for Growth
Innovest Annual Letter Highlights Accomplishments, Plans for Growth.
About this update from Innovest Global Inc
[{"type":"text","content":"\n\n CLEVELAND, Ohio, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC PINK:IVST) annual letter to shareholders summarizes business plan, goals, accomplishments, and items that poise the company for growth.\n To our Shareholders: Innovest made significant strides in 2017 setting the foundation to accomplish our objectives. Our business model is a transactional approach to value creation for the Company: acquiring businesses, integrating them, and growing them with the latest techniques and in a synergistic way. As a public company, this provides our shareholders the benefit of quickly growing revenue in a liquid ownership environment. That includes high valuation objectives, in contrast to a private ownership structure that is less valuable and less liquid. It also provides unique opportunities for Innovest to remain nimble, enter new markets, be diversified and therefore not exposed to the risk of a single industry, and take advantage of new opportunities. Our goal is to grow by acquiring companies in a few key industries, meet the business requirements of NASDAQ, AMEX, or NYSE; uplist to one of them, and continue to expand our business model. As we close 2017, our annual report will reflect the new business foundation, as well as an exit from the mining activity that the company had previously endeavored. Management is enthusiastic about the changes that will be reflected on the year-end balance sheet, as well as the current lack of long-term debt, and the capital structure of the business, which is attractive for both growth and the transactional opportunities that we expect. Good people make a difference. Our CFO, Mike Yukich, has served as a CFO at the highest levels in business at the Fortune 500 level, and the CFO of a diversified holding company similar to Innovest, which grew to $600 million in sales. Our corporate attorney, Christopher Hubbert of Kohrman Jackson & Krantz, is an OTCQX Sponsor and has helped many successful companies navigate both mergers and acquisitions, and the public markets. And our first independent Board Member, John Klopp, is the CEO of a successful second-generation platform money manager and an equities expert. We have also engaged Matt Rego and Spotlight Growth, a successful investor relations company that provides full-service IR and market awareness services to emerging growth...