Business
Innovest Global Updates: Third Straight Month of Record Sales, New Corporate Website, and Focus on Expanding Investor Base -- Spotlight Growth
Innovest Global Updates: Third Straight Month of Record Sales, New Corporate Website, and Focus on Expanding Investor Base -- Spotlight Growth.
About this update from Innovest Global Inc
[{"type":"text","content":"\nSacramento, CA, July 16, 2018 (GLOBE NEWSWIRE) -- A new update has been published on Innovest Global, Inc. (OTC PINK: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across telehealth, biotech, commercial energy, business-to-business distribution, national call center and auto sales.  \n U.S. LED Market Estimated To Reach $7.93 Billion By 2022: ResearchAndMarkets According to ResearchAndMarkets, the U.S. LED lighting market’s supply component is forecast to grow from $5.02 billion in 2016 to an estimated $7.93 billion by the end of 2022. This represents a compound annual growth rate (CAGR) of 7.88% between 2016 and 2022. ResearchAndMarkets says the demand component for U.S. LED market valued at $3.94 billion in 2016 and is forecast to reach $8.13 billion by 2022. This represents a CAGR of 12.80%. Greater efficiencies within LED products have helped lower costs and increased demand.  In PwC’s “2017 Power and Utilities Trend” report, analysts concluded that a vast majority of the growth will come from a “blueprint for a service-based model.” This includes: emerging technologies, monitoring equipment, sensors, energy management technology, etc.  According to Technavio market research, the global industrial energy efficiency services market is forecast to be valued around $10.18 billion by 2020, which represents a compound annual growth rate (CAGR) of 6%.  Innovest Global: Major Recent Developments Continue To Put Company On-Track For Long-Term Vision In early June 2018, Innovest Global posted yet another new record for May monthly sales. In May, Innovest Global generated sales of $350,000, putting the company’s Commercial & Industrial Division at a current annual revenue run rate of $4.2 million.  Management once again was able to keep the record monthly sales streak alive for a third consecutive month after posting June monthly revenues of $409,000. Innovest’s Commercial & Industrial Division continues to show impressive growth, which further highlights the capabilities of managements’ ability to execute.   “We’re jus...