Sacramento, CA., May 24, 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.
Global Lighting as a Service Market Estimated To Reach $4.74 Billion By 2025: Research and Markets
Going “green” has been a big theme over the past several years. Aging infrastructure and energy systems continue to be incredibly inefficient and cost prohibitive. In addition, growing awareness of global climate change has had an impact on the energy efficiency market. As social awareness, cost savings, and government incentives continue to take hold in the energy efficiency markets, market research firms see a bright future ahead.
According to ResearchAndMarkets, the global lighting as a service (LaaS) market is forecast to be worth $4.74 billion by 2025. The LaaS market was developed as a new financial structure to combat the potentially high upfront costs associated with installation. The LaaS model allows private and public entities to continue capitalizing on the latest innovations and developments with the LED lighting industry.
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: Call Center Lands Major Exclusive Contract With Fortune 500 Company
Innovest Global recently announced that its call center subsidiary, Crestwood Management, has won a $650,000 exclusive contract with a Fortune 500 company that is generating annual revenues over $2 billion. Over the first twelve months of the exclusive contract, the call center subsidiary is slated to receive over $1 million in billings for services rendered.
The latest contract marks “the single largest contract for Innovest, since launching the Commercial & Industrial Division six months ago.”
“Given the quality of the companies we were bidding against, we’re extremely proud of this accomplishment,” said Sally Emch, President of Innovest Call Center Operations, who led the bid process for Innovest. “It’s a great validation of our call center to win a major bid from a Fortune 500 company, and also of the Innovest business model as a whole. I’m so excited by our sales growth and that we are officially ‘on the map,’ and winning major national projects.”
This comes as the company just recently learned that its endeavors are beginning to attract attention from some major investors. During the first quarter 2018, a 13F filing shows that Ohio-based, Winslow Asset Management, initiated a new position in Innovest Global. According to the data, the asset management firm purchased 10,000 shares at prices between $0.01 and $0.44, with the average price estimated to be around $0.13.
Innovest Global was the only new position made by Winslow Asset Management during the first quarter, which also added to its other positions such as Amgen and Berkshire Hathaway. Overall, Winslow Asset Management holds 88 stocks with a total value of $516 million, as of March 31, 2018.
For more information on Innovest Global, Inc., please visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/05/21/innovest-global-inc-otc-pink-ivst-call-center-wins-650000-exclusive-contract-with-fortune-500-company/
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