UPDATE: 11/29/2018 NEWS This just in:
Innovest Global Announces Elite Biotech Team
CEO Dan Martin is thrilled to welcome four of the worlds foremost scientific experts in their fields, to its newly formed Biotech development team. Serving under the leadership of Dr. Dwain Morris-Irvin, the Biotech Division President, this world-class Advisory Board was hand selected to assist him in achieving and evaluating deal flow.
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.
Also, the company announced they've 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.
Quick Recap:
Innovest
Global Inc. (IVST) (the “Company” or “Innovest”), a conglomerate with
operations in commercial and industrial products and services, biotechnology,
and construction & building materials, is excited to announce that Chagrin
Safety Supply (CSS), an Innovest Global Company, just closed a four-year
contract extension providing safety supplies to the University Hospital and
Case Medical Center administration buildings in Cleveland, Ohio. This contract
will further boost revenue for Innovest’s Commercial & Industrial Division and creates a stepping
stone for additional business in 2019. CSS revenue for 2018 exceeds 2017
revenue, and has benefited from larger contracts, including the recently
announced six-figure order of HAZMAT boots delivered to the United States Navy.
IVST outlook for 2019. The accomplishments this year are great but the real story line is how tremendous the leadership is from Dan Martin. IVST 2018 Investor Highlight Video is below:
IVST is up 2000% YTD from $0.023 to 0.50 Now boasting $34 million revenue.
IVST added $34 million sales run rate YTD through growth model of acquisitions & revenues are up 6800% on the year via acquisitions and increased sales, LOI on Pending Acquisition to add $12 Million in revenue. CEO calls it "business as usual"
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.
11.8M shares in the Float unchanged for over two years. IVST has no convertible debts, warrants, or options.
Dan Martin- Innovest CEO, Tony Crookston-ANS CEO & Damon
Mintz -President $IVST.
The official contract signing (below) of Authority National Supply, now a subsidiary of Innovest Global
With this signing, Innovest now carries an annual run rate of $34.5 million
dollars in revenue & only 11.8M shares in the float.
Dan Martin, CEO & Visionary
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 not only with continued
record sales growth, and with his ‘Source of Strength’ initiative we
implemented earlier this year, but also on our acquisitions such as ANS, and
our company positioning. He understands Innovest intuitively and has the
personal characteristics to execute with the level of speed, excellence, and
attention to detail, required by our growth and appreciated by our stockholders.
He is a high integrity person who is focused on growth like few people I have
ever seen, and a natural fit for the President role as we continue our
exponential growth.”
Mr. Mintz was recapping results and potential acquisition
targets, and stated, “We are very excited about our newly announced LOI to
acquire Midwest Curtainwalls and continue to be encouraged by the strong
organic growth of our exiting holdings. The addition of ANS to the IVST family
of companies has also opened the door to several other opportunities in the
building supply distribution industry. Its great to be in business with great
people! We continue to benefit from amazing people choosing to be part of the
Innovest team”.
