Sacramento, CA -- July 16, 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.
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 just getting started. Our Commercial & Industrial
Division is less than six months old and is already attracting
significant clients, and significant potential partners,” said Dan
Martin, Innovest’s Chief Executive Officer.
Innovest Global recently disclosed that its
previously-announced, massive $650,000 annual call center contract
is with Byram Healthcare. Byram is a division of the Fortune
500 global healthcare solutions company, Owens & Minor, Inc.
The contract with Byram has already kicked off and represents the
single largest sales contract Innovest Global has received to
date.
“After reviewing all proposals and interviewing all the
companies that submitted bids, we found them to be the ideal
partner to speak with our customers and service their needs. To our
customers, they are part of the Byram team, and they’ve proven we
can rely on them to be a proud part of our family,” details Perry
Bernocchi, CEO of Byram Healthcare.
Management also received a glowing review from University
Hospitals, one of the top ten hospitals in the United States:
“I would recommend Chagrin Safety Supply to anyone who
is serious about implementing an effective, no hassle, first aid
supply program,” said Robert Liott, University Hospitals Health
System Manager, Occupational Safety & Risk Control
Services.
Innovest Global just announced that it has unveiled its new
corporate website, which further creates a platform for the
company’s future. Furthermore, Innovest has introduced its “Source
of Strength” philosophy for acquisition opportunities.
“The most attractive acquisition targets focus on one thing –
how Innovest can help them be more successful,” said Dan Martin,
Innovest’s Chief Executive Officer. “’Source of Strength’ at its
core represents our commitment to work as a team to strengthen the
revenue, profitability, and operations of any company we acquire.
Our Commercial & Industrial Division operates with these
principals very successfully, and Damon Mintz (Division President)
led the Innovest team in defining our ‘Source of Strength Doctrine’
and making it an identified core value within Innovest that has
quickly become a key attraction of our prospective partners.”
In other news, management recently announced that Innovest
Global has engaged Hayden IR to further develop more
expansive and aggressive investor relations capabilities. Hayden IR
is a national investor relations consulting firm with strong
connections to large investors.
Innovest Global’s PCAOB audit is expected to completed very
shortly, which will allow the company to immediately begin the
steps to uplist to the OTCQB Venture Market. This is a huge step
for the company, which will open the door to many new
opportunities.
For more information on Innovest Global, Inc., please
visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/07/10/innovest-global-inc-otc-pink-ivst-third-straight-record-month-of-sales-and-new-future-efforts-highlight-july-shareholder-update/
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