Sacramento, CA, July 16, 2018 (GLOBE 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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