Business
Innovest Global Secures ‘Tier 1’ Manufacturer Buying Agreement, Will Add Several Million Dollars in 2019 Sales Volume
Innovest Global Secures ‘Tier 1’ Manufacturer Buying Agreement, Will Add Several Million Dollars in 2019 Sales Volume.
About this update from Innovest Global Inc
[{"type":"text","content":"\n \n Innovest Global, Inc. (OTC Markets: IVST), \n a diversified industrials company, announces that its building materials \n division (ANS) \n has secured an agreement to procure roofing products from Tier 1 \n manufacturer GAF \n at considerable discounts, which will result in an estimated $9 million \n in additional gross sales to existing ANS clients in 2019.\n \n \n This follows news \n from March 4th that Innovest has signed a letter of \n intent to acquire a retail building materials supply company, and from \n February 8th that ANS \n is growing significantly since being acquired by Innovest late 2018. \n ANS is also launching a private label line of building materials named \n ‘New Glory Building Products.’ The line is part of a broad growth plan \n initiated by ANS CEO Tony Crookston, and is expected to add to the \n profitability of the company. New Glory has begun with the following \n products:\n \n \n \n Starwrap Synthetic Underlayment\n \n \n Alco Ice Guard\n \n \n Sprouse Windows\n \n \n Coil Nails\n \n \n \n These developments signify the strong focus at Innovest to operationally \n compress, grow, and vertically integrate the industrial companies \n acquired in 2018.\n \n \n “With tremendous acquisitions in late 2018, our founder and CEO Dan \n Martin set an aggressive agenda for 2019. We are compressing and growing \n our industrial holdings, exploring select additional acquisitions, and \n accomplishing several corporate milestones including both compliance \n initiatives and maximizing our biotechnology initiative,” said Damon \n Mintz, president of Innovest. “We’re investing in our foundation, adding \n key team members, and every member of our team is performing at a very \n high level. We’re very proud of our people. Our goals for 2019 are to \n achieve our mid-eight figure revenue objectives, and have the elements \n in place to grow significantly. We want to be poised to compete in 2020 \n with what we consider to be the best publicly traded industrials \n companies. Innovest is truly a high energy, enthusiastic environment \n right now and we’re all very excited with the progress.”\n \n \n About Innovest Global, Inc.\n \n \n Innovest Global, Inc. (OTC Markets: IVST) \n has operations in Industrials (commercial and industrial products and \n servic...