Innovest Global, Inc. On Track To Beat Quarterly Revenue Estimates Of $500K Heading Into Final Month Of Q1 - Spotlight Growth


Sacramento, CA, March 01, 2018 (GLOBE NEWSWIRE) -- A new report 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, commercial energy, business-to-business distribution, national call center and auto sales. 

The report provides an overview of Innovest Global, Inc., its subsidiaries, financials, industry analysis and more. The content also covers the global outlook for the smart lighting and energy efficiency markets.  

Industrial & Commercial Application Account For 60% Of Global Smart Lighting Market 

Energy efficiency continues to be a growing trend within the global business, government, and consumer markets, as the search for ways to cut costs picks up steam. Technological upgrades have made energy efficiency and smart lighting products much more affordable. This has resulted in greater adoption of the technology, as savings benefits outweigh costs.

Furthermore, the market is expected to see some benefits from the recent U.S. tax code overhaul. Under the old tax code, companies would have to utilize a depreciation model to know when tax credits could be realized. Now, companies can receive all of the tax credits from major purchases and upgrades in year one. This provides companies with a massive incentive to take on much-needed efficiency and energy upgrades.

According to recent data from LEDinside, the global smart lighting market is estimated to grow from $4.6 billion in 2017 to $13.4 billion in 2020. The data further notes that industrial and commercial application currently holds a commanding 60% of the total market. While the report does note that residential application will see the fastest growth through 2020, industrial and commercial use is expected to still hold over 50% of the total market in 2020.

According to a recent report from the National League of Cities, roughly 66% of U.S. cities have begun to develop smart city technology, with 25% exploring methods of implementing these new technologies. 

Innovest Expands Energy Division To Cast Wider Net, Continue Jumpstarting Revenue Growth

In response to the impressive growth of the energy division and the sizable opportunity presented in the market right now, Innovest Global, Inc. recently announced plans to begin expanding its energy division on a national scale. Management detailed plans to open two regional businesses development offices. One office will be located in Grand Rapids, Michigan and the other will be located in Demopolis, Alabama.

Along with the regional office expansion will be a massive call center operation. The operation will be focused on expanding the company’s customer base into small commercial energy businesses. This will complement the existing midsize-ranged client base held by the energy division. Based on the massive success the energy division has had just in its home state, management is confident they will be able to replicate their quality customer service and product servicing in the new territories.

Innovest also recently announced that it has generated revenues of $388,000, through half of the first quarter 2018. This beat management’s estimates by 55% and puts the company well on its way to beating its goal of reporting $500,000 in revenue per quarter.

“Energy is moving to a single source efficiency model, and I feel like we are hitting the bullseye for how to grow,” details Damon Mintz, head of Innovest Energy Group. “We joined Innovest because we believed in the Innovest model and saw Innovest as a way to multiply our success, and to say that the system is working for us is an understatement. We couldn’t be happier with the decision and I’m so excited to take on the additional responsibility. It’s a great fit.” 

The company is currently vetting PCAOB auditors to be engaged with the company and assist with auditing the financials. This will be the first step as the company looks to continue on the path to uplisting to higher exchanges. In past press releases, management has made clear that the company’s official corporate counsel is a qualified OTCQX Sponsor and goals to uplist to the Nasdaq within the next couple of years.

For more information on Innovest Global, Inc., please visit http://innovestglobal.com and  http://spotlightgrowth.com/index.php/2018/02/28/1-stock-benefit-industrial-commercial-smart-lighting-applications-60-market-share-smart-lighting-market/

SpotlightGrowth.com is a digital hub for micro-caps, small-caps, crowdfunding, cryptocurrency, and other emerging growth investors. SpotlightGrowth.com serves as our media subsidiary and provides insights on small cap companies.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated two thousand eight hundred dollars cash and fifty thousand restricted shares for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. 

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/


            

Coordonnées