Innovest Global Provides December Shareholder Update Featuring Acquisition Update, Revenue Growth, Biotech Progress
CLEVELAND, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST ) (the “Company” or “Innovest”), a conglomerate with operations in commercial and industrial products and services, biotechnology, and construction & building materials, has successfully completed the due diligence phase of the ‘Midwest Curtainwalls’ acquisition (click for details). The next step is agreeing to final documents, and scheduling a closing.
Other notable November items include:
-- November revenue of $1.95 million marks significant growth from new business, and is four-times our previous monthly sales record -- Current assets $3.5 million -- Cash balance $730,000 -- Energy Group recorded its highest monthly revenue to date -- Safety Group signed top ranked University Hospitals to four-year contract -- Authority National Supply (ANS) acquisition closed, new ANS board established -- Biotech Division introduced new board of renown experts (click for details) -- IVST average 2018 Price Per Share traded in November: $0.45, October: $0.273, September: $0.251, April: $0.064, January: $0.025 -- Unchanged free-trading float of 11,796,710 common shares confirmed by transfer agent December 13, 2018; 138 million total shares outstanding -- No convertible debts, no warrants or options outstanding -- At November average price of $0.45 stock performance is up 1,700% on the year
About Innovest Global, Inc. Innovest Global, Inc. (OTC Markets: IVST ) is a conglomerate with operations in three divisions, which include commercial and industrial products and services, energy, biotechnology, health sciences, construction, and building materials. The primary growth strategy of Innovest Global Inc 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.
Forward-Looking StatementsThis 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.
Contact InformationCorporate Office:(216) 815-1122 firstname.lastname@example.org Twitter @innovestglobal
Investor Relations:Stephen HartHayden IR(917) 658-7878 email@example.com