Sacramento, CA -- February 23, 2018 -- InvestorsHub NewsWire -- A
new report 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 biotech, telehealth, commercial energy,
business-to-business distribution, national call center and auto
sales.
The report provides an overview of Innovest Global, Inc., its
subsidiaries, financials, industry analysis and more. The content
also covers the global outlook for the LED lighting and energy
efficiency industries.
Global LED Lighting Market Forecast To Be Worth $92.40
Billion By 2022
Energy efficiency continues to be a growing trend within the
global business community, as companies search for ways to cut
costs and boost revenues. It is surprising to hear that there is
still a massive amount of companies out there that continue to rely
on decades-old, outdated, and inefficient energy solutions.
Ultimately, running these inefficient systems leads to higher
energy costs, as well as lower productivity.
According to MarketsAndMarkets, the global LED lighting
market is estimated to be worth $92.40 billion by 2022, which
represents a compound annual growth rate (CAGR) of 13.66%. The
market research firm sees the growth being driven by increasing
demand for energy efficiency products, LED costs are falling, and
overall greater adoption of the technology as a general lighting
source.
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 would include: emerging
technologies, monitoring equipment, sensors, energy management
technology, and more.
Even the recent U.S. tax overhaul could help the LED lighting
industry, as the new code incentivizes companies to expand their
“business investments.” Under the old tax code, companies
would have to utilize a depreciation model to know when tax credits
could be realized. Now, companies can receive all of the tax
credits from major purchases and upgrades in year one. This
provides companies with a massive incentive to take on much-needed
efficiency upgrades.
Innovest Launching Two Regional Development Offices,
Massive Call Center Operation Planned
Innovest Global, Inc. recently announced plans to begin
expanding its energy division on a national scale. Management
detailed plans to open two regional businesses
development offices. One office will be located in Grand
Rapids, Michigan and the other will be located in Demopolis,
Alabama.
Management plans on establishing strategic partnerships with
highly-qualified customer service & sales agents and
electricians local to Grand Rapids and Demopolis. The customer
service and sales agents will be solely focused on developing
leads, client acquisition, customer service, and more.
As new clients are brought on board, the quality local
electrician will be contracted to complete the installation work.
Management has noted the importance of implementing extensive
training procedures to ensure that the Innovest Global’s trademark
quality customer service is thoroughly represented at its new
offices.
Coinciding with the regional office expansion will be a massive
call center operation. The operation will be focused on expanding
the customer base into small commercial energy businesses. This
will complement the existing midsize-ranged client base held by the
energy division.
Innovest also recently announced that it has appointed current
president of Shepherd Energy Solutions, Damon Mintz, to lead the
entire Innovest Energy Group subsidiary. Mr. Mintz has an expansive
history in the energy sector, which involved founding and managing
companies generating revenues between $10-30 million annually.
“Damon is a natural leader, and a proven rainmaker in the energy
business,” details Innovest Global, Inc. (OTC Pink: IVST) CEO, Dan
Martin. “Shepherd came under the Innovest umbrella recently, and
since that time he has initiated so much expansion and growth, and
industry referrals, with so much enthusiasm, that the best way we
could capitalize on that was to give him authority over the entire
energy effort. I couldn’t ask for anything more from a new team,
and that work ethic and attention to detail is why I believe
Innovest is poised to surpass our goals.”
Innovest announced that it has generated revenues of
$388,000, through half of the first quarter 2018. This beat
management’s estimates by 55% and puts the company well on its way
to beating its goal of reporting $500,000 in revenue per
quarter.
Management has been very pleased with its customer feedback and
testimonials, which shows the company continues to earn high marks
for its customer service and job completion.
“As happy as I am about how well our team has gelled, and our
sales results, I’m even happier with the positive response from our
clients. That’s a great testament to the professionalism and
excellence of our team,” detailed Dan Martin, CEO of Innovest
Global, Inc. (OTC Pink: IVST).
Aside from the biotech division, sales growth, and customer
feedback, management has also noted in recent press releases that
the company continues to search for quality acquisitions, as it
processes its growing pipeline. Furthermore, Innovest is currently
vetting PCAOB auditors to be engaged with the company and
assist with auditing the financials.
For more information on Innovest Global, Inc., please
visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/02/22/innovest-global-inc-otc-pink-ivst-announces-major-expansion-plans-energy-division-reports-mid-quarter-revenue-388k/
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