Business
Innovest Global Commercial & Industrial Division Update, Featuring Another Significant Contract and Continued Growth
Innovest Global Commercial & Industrial Division Update, Featuring Another Significant Contract and Continued Growth.
About this update from Innovest Global Inc
[{"type":"text","content":"\nCLEVELAND, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST) (the “Company” or “Innovest”), a Conglomerate with operations in commercial and industrial products and services, and biotechnology, sold its most recent six-figure revenue contract last week, and notes that its Call Center is now generating double the baseline revenue it was generating just a few months ago, when it was acquired. The division is now pacing $4.5 million in annual revenue.\n “Sally Emch, our President of Call Center Operations, has doubled the center’s baseline revenue since the acquisition, and the Shepherd team just closed another six figure sale at the end of last week,” said Dan Martin, CEO of Innovest. “The StemVax patent approval has been a recent focus of excitement, and our C&I Group is also really hitting stride. Working together well, closing big competitive sales, and excited to push through the quarter with momentum. The team is so excited at the support our shareholders have shown, and the enthusiasm is something I wish everyone could see.” The Company maintains an unchanged free-trading float of 11,796,710 common shares with no convertible debts, no warrants or options outstanding. After several days of gains including a high of $.3175, the stock price pulled back 7.93% on Friday to close at $0.27, up 28.5% since the $0.21 open price last Monday, and up over 1,000% on the year. The Innovest C&I Division is diligently refining organic growth strategies. “Innovest is in discussions with meaningful acquisition targets, but those transactions only work long-term if we can grow them and help them succeed – and so far I couldn’t be more impressed with Division President Damon Mintz, Sally Emch, Bill Oler, Dennis Giancola and the rest of our 40 people who are doing an incredible job right now,” said Mr. Martin. His comments are echoed by the Innovest mission statement, which is, “To operate our business responsibly on a daily basis to maximize shareholder value and be a source of strength to our companies, helping them reach their fullest potential.” About Innovest Global, Inc.Innovest Global, Inc. (OTC Markets: IVST) is in the Conglomerates industry, a diversified holding company with operations in commercial and industria...