Business
Innovest Global Successfully Closes Out October with its Highest Monthly Revenue in Company History, Closed $30 Million Revenue Acquisition, and Executed Another Acquisition LOI
Innovest Global Successfully Closes Out October with its Highest Monthly Revenue in Company History, Closed $30 Million Revenue Acquisition, and Executed Another Acquisition LOI.
About this update from Innovest Global Inc
[{"type":"text","content":"\nCLEVELAND, Nov. 13, 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, is happy to recap the tremendous success in October and the first week of November. The company opened a new global headquarters; held a stockholder open house; closed an acquisition; announced a new eight-figure LOI; Innovest Energy Group had it’s best month ever with $250,000 in new contracts and six figures of revenue; our Call Center had it’s best Month in company history signing $508,000 in new contracts; our Safety Supply Group delivered on it’s first US Navy contract generating $150,000 in revenue.\n Innovest Global moved into its new world headquarters on October 1st making it the only publicly traded company in Geauga County Ohio! The company closed the acquisition of Authority National Supply (ANS), which has generated $22.8 million in revenue through the first three quarters of 2018, after $24.5 million in annual revenue in 2017.  ANS was IVST’s sixth acquisition to-date.  We announced that the company has entered into a LOI to acquire Midwest Curtainwalls, which currently has an annual revenue run-rate of $12 million. Shepherd Energy had its best month in history recording $250,000 in new contracts and six figures in revenue. Contact Source Solutions hired 10 new people and was awarded new contracts totaling $508,000 in annual billing adding to it’s previous $600,000 annual contract. Chagrin Safety Supply delivered an order worth $150,000 to the US Navy, which is the companies First Navy contract.  Innovest Global Inc also submitted two (2) years of PCAOB Audited financials and began providing disclosures to OTC Markets, which are requirements for application to the OTCQB Venture Market trading platform for IVST, currently trading on the OTC Pink Market. After selling Shepherd Energy to Innovest, Damon Mintz first advanced to Division President and has now referred and managed successful acquisitions across multiple divisions. Chairman and Chief Executive Officer, Dan Martin, has this to say, “We continue to evolve roles to best serve the company and certainly Damon is leading the charge ...