CLEVELAND, Nov. 15, 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, is excited to announce that with months of planning, subsidiary Authority National Supply (ANS) has nominated and approved its new board of directors. The hand-picked group of seasoned professionals is laser-focused on immediate growth opportunities for ANS.

Following the acquisition of ANS announced earlier this month, Innovest’s first action was to empower ANS CEO Tony Crookston to name a board of directors that would best position ANS to capitalize on the much-anticipated opportunities he has to grow the business. “I couldn't be more excited about the individuals we have on our board. Between their decades of successful experience in our industry and their renewed enthusiasm to help grow ANS, we are perfectly positioned to execute our plan,” said Mr. Crookston.

The board, which will be Chaired by Mr. Crookston and will assist him with executing the high growth business model, consists of seasoned industry icons. All of them have significant relevant experience and a passion to expand the ANS footprint. The new board of directors for Authority National Supply is:
Ben Benson, Benson’s Building Supply, Michigan
David Kapsner, North Country Distributors, Minnesota
Eric Meinke, Complete Supply, Illinois
Kevin Walsh, Trinity Wholesale, Indiana
Dave DiSalvo, CPA, Meaden & Moore, Ohio
Damon Mintz, Innovest
and Tony Crookston.

In the coming weeks, this new board will implement the ANS growth plan, using the Innovest model to attract and retain great people and new business. Damon Mintz, Innovest President, stated, “We thank all those board members who were nominated, for their thoughtful consideration and service, and are extremely excited about each of them. With Tony’s continued leadership, and now this immensely talented board, the outlook for ANS is truly remarkable.”

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 new Construction & Building Materials Division.

For more information, please visit: http://www.innovestglobal.com, and follow us on Twitter and Facebook @innovestglobal.

Forward-Looking Statements

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.

Contact Information

Corporate Office:

(216) 815-1122

info@innovestglobal.com

Twitter @innovestglobal

Investor Relations:

Hayden IR

(917) 658-7878

hart@haydenir.com