Business
Innovest Global Provides December Shareholder Update Featuring Acquisition Update, Revenue Growth, Biotech Progress
Innovest Global Provides December Shareholder Update Featuring Acquisition Update, Revenue Growth, Biotech Progress.
About this update from Innovest Global Inc
[{"type":"text","content":"\nCLEVELAND, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST) (the “Company” or “Innovest”), a conglomerate with operations in commercial and industrial products and services, biotechnology, and construction & building materials, has successfully completed the due diligence phase of the ‘Midwest Curtainwalls’ acquisition (click for details). The next step is agreeing to final documents, and scheduling a closing.\n Other notable November items include: November revenue of $1.95 million marks significant growth from new business, and is four-times our previous monthly sales recordCurrent assets $3.5 millionCash balance $730,000Energy Group recorded its highest monthly revenue to dateSafety Group signed top ranked University Hospitals to four-year contractAuthority National Supply (ANS) acquisition closed, new ANS board establishedBiotech Division introduced new board of renown experts (click for details)IVST average 2018 Price Per Share traded in November: $0.45, October: $0.273, September: $0.251, April: $0.064, January: $0.025Unchanged free-trading float of 11,796,710 common shares confirmed by transfer agent December 13, 2018; 138 million total shares outstandingNo convertible debts, no warrants or options outstandingAt November average price of $0.45 stock performance is up 1,700% on the year About Innovest Global, Inc. Innovest Global, Inc. (OTC Markets: IVST) is a conglomerate with operations in three divisions, which include commercial and industrial products and services, energy, biotechnology, health sciences, construction, and building materials. The primary growth strategy of Innovest Global Inc is to acquire existing companies in a select few industries and attract new customers in cost effective ways. Currently, Innovest Global Inc has a Commercial & Industrial Division, a Biotechnology & Health Services Division, and a Construction & Building Materials Division. For more information, please visit: http://www.innovestglobal.com, and follow us on Twitter @innovestglobal. Forward-Looking StatementsThis 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 t...