Innovest Global Secures ‘Tier 1’ Manufacturer Buying Agreement, Will Add Several Million Dollars in 2019 Sales Volume
CLEVELAND--(BUSINESS WIRE)--Apr 5, 2019--Innovest Global, Inc. (OTC Markets: IVST ), a diversified industrials company, announces that its building materials division ( ANS ) has secured an agreement to procure roofing products from Tier 1 manufacturer GAF, which will result in an estimated $9 million in additional gross sales to existing ANS clients in 2019.
This follows news from March 4 th that Innovest has signed a letter of intent to acquire a retail building materials supply company, and from February 8 th that ANS is growing significantly since being acquired by Innovest late 2018. ANS is also launching a private label line of building materials named ‘New Glory Building Products.’ The line is part of a broad growth plan initiated by ANS CEO Tony Crookston, and is expected to add to the profitability of the company. New Glory has begun with the following products:
- Starwrap Synthetic Underlayment
- Alco Ice Guard
- Sprouse Windows
- Coil Nails
These developments signify the strong focus at Innovest to operationally compress, grow, and vertically integrate the industrial companies acquired in 2018.
“With tremendous acquisitions in late 2018, our founder and CEO Dan Martin set an aggressive agenda for 2019. We are compressing and growing our industrial holdings, exploring select additional acquisitions, and accomplishing several corporate milestones including both compliance initiatives and maximizing our biotechnology initiative,” said Damon Mintz, president of Innovest. “We’re investing in our foundation, adding key team members, and every member of our team is performing at a very high level. We’re very proud of our people. Our goals for 2019 are to achieve our mid-eight figure revenue objectives, and have the elements in place to grow significantly. We want to be poised to compete in 2020 with what we consider to be the best publicly traded industrials companies. Innovest is truly a high energy, enthusiastic environment right now and we’re all very excited with the progress.”
About Innovest Global, Inc.
Innovest Global, Inc. (OTC Markets: IVST ) has operations in Industrials (commercial and industrial products and services, energy, construction, and building materials ) and diversified holdings in biotechnology. Our primary growth strategy is to acquire existing companies in a select few industries and attract new customers in cost effective ways. Currently, Innovest Global, Inc. has a Commercial & Industrial Division, a Biotechnology & Health Services Division, and a Construction & Building Materials Division.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the OTC Markets. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY
SOURCE: Innovest Global Inc.
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PUB: 04/05/2019 04:13 PM/DISC: 04/05/2019 04:13 PM