Sacramento, CA, May 03, 2018 -- InvestorsHub 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.
The report provides an overview of Innovest Global, Inc., its
subsidiaries, financials, industry analysis and more. The content
also covers the global outlook for commercial energy and LED
lighting markets.
Renub Research: Global LED Lighting Market Forecast To
Be Worth $100 Billion By 2024
Innovest Global’s primary operating divisions are across
commercial/industrial energy and biotech & health sciences.
Both divisions have deep roots in high-growth markets with long
term potential.
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decades-old, outdated, and inefficient energy solutions.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 Renub Research, the global LED lighting market is
estimated to be worth $100 billion by the end of 2024. The market
research firm sees the vast global growth primarily stemming from
exponential global urbanization and greater awareness to energy
efficiency systems.
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.
Innovest Signs Two Big Energy Sales Contracts, Announces
LOI To Acquire Forensic Energy Auditing Firm With $500K Annual
Revenue
On April 23, 2018, Innovest Global announced that it has signed its
first Demand Cost Reduction (DCR) system client for a
$118,000 sales contract. The DCR System is a primary
metering system that can help clients eliminate up to 50-70% of
wasted demand charge and reduce electricity costs by
30-40%.
On April 30, 2018, the company’s Energy Group announced that it has
signed a five-figure lighting sales contract with the
world-renowned equestrian facility, Stachowski Farms.
Stachowski has a strong history of excellence with over 300
National Championships, over 250 Reserve National Championships,
and over 1,500 top tens.
On May 2, 2018, Innovest Global announced that it has signed a
Letter of Intent to acquire a forensic energy
auditing firm that is generating annual revenues of $500,000.
The business model of the acquisition target is to conduct forensic
energy audits for businesses and organizations and then providing
recommendations on how to improve cost savings. This serve is
particularly valuable for high-use energy clients and large
organizations.
Outside of the operational milestones that management continues to
churn out, Innovest Global CFO, Mike Yukich, recently provided an
update on the company’s audit and uplisting efforts. Mr. Yukich
notes that the PCAOB audit is expected to be completed by
the end of May, whereby the company will immediately begin
uplisting to the OTCQB Venture Market.
“Dan Martin (Innovest Chairman and CEO) has been fanatical about
advancing Innovest shareholder interests,” said Mr. Yukich. “He is
concerned with one thing: maximizing shareholder value. We make
decisions with long-term focus and have avoided short-term
thinking. He and the board, and I, believe OTCQB is an ideal
immediate goal to achieve our long term goals. Once we apply, we
will be on their (OTC Markets) timeline so it’s difficult to
predict if and when we may be successful. But, OTC has been an
incredibly helpful partner over the past several months, and we are
looking forward to the process.”
Recently, Innovest Global released their first quarter
2018 earnings report. The company reported total revenues
greater than $708,000, gross profit of just under $330,000, and
cash on hand greater than $600,000. Furthermore, the company
reported total current assets of $932,096 and total current
liabilities of $352,165, giving Innovest Global a strong quick
ratio of 2.60, which is four times stronger than the conglomerate
industry average of 0.60.
Management announced it has also cancelled 50 million common
shares, which provides the company with the updated share
structure, as of March 31st:
Authorized Shares: 500 Million
Outstanding Shares: 96.52 Million
Shares in Float: 11.80 Million
Innovest Global, Inc. was also featured on an episode
of Spotlight Growth Live, a video web series that focuses on
emerging growth companies.
For more information on Innovest Global, Inc., please
visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/05/02/innovest-global-inc-otc-pink-ivst-signed-loi-to-acquire-forensic-energy-auditing-firm-with-500k-annual-revenue/
SpotlightGrowth.com is a digital hub for micro-caps,
small-caps, crowdfunding, cryptocurrency, and other emerging growth
investors. SpotlightGrowth.com serves as our media
subsidiary and provides insights on small cap companies.
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This material does not represent an investment solicitation.
Certain statements contained herein constitute “forward-looking
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limitation, statements with respect to the Company’s plans and
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