INNOVEST GLOBAL INC - IVST STOCK NEWS

Innovest Global (OTC PINK:IVST) reported significant corporate progress and operational adjustments for 2022. Following a 70% reduction in overhead due to the pandemic's impact, the company now boasts two profitable subsidiaries: a commercial energy brokerage and a domestic call center service. Innovest aims to enhance its balance sheet by closing non-operating subsidiaries, reducing liabilities by approximately $20 million. A dividend of 7.5 million shares from its previous biotechnology spin-off is approved for shareholders. Plans for one meaningful acquisition in 2022 are also in place, paving the way for potential Nasdaq listing in 2023.

Innovest Global, Inc. (IVST) announces that GPC Holdings has gained a voting majority, aiming to accelerate growth under the leadership of Shaheed Bailey, the new Chairman and interim CEO. The non-dilutive transaction will not issue new stock or debt. Innovest has previously achieved $50 million in sales, acquiring eight companies in three years. The company plans to grow assets, eliminate liabilities, acquire new firms, and resume uplisting to become SEC reporting. Upcoming announcements are expected to detail progress on these initiatives.

Innovest Global Inc. (OTC PINK:IVST) has signed a letter of intent to acquire a Midwest natural gas supplier, marking its first acquisition since the onset of the Covid-19 pandemic. This transaction, expected to conclude by the end of Q3 2021 through a share exchange, aims to enhance Innovest's commercial energy brokerage business and improve profit margins. The company's renewed focus on growth reflects a strategy to add value for shareholders by integrating established companies with strong operational histories.

Innovest Global Inc. (OTC PINK:IVST) reported record monthly billings for its call center revenue, with a 150% revenue increase since acquisition in 2018. The company credits its success to effective market adaptation, exceptional products, and a diversified business model. Innovest recently announced a $54 million revenue letter of intent for its Building Solutions team and anticipates continued growth through new client acquisition. The call center operates in a certified environment and maintains high industry ratings, balancing the company's more complex revenue opportunities.

Innovest Global Inc. (OTC PINK:IVST) has launched a new platform in the modular construction industry, integrating design to delivery for new building projects. The global modular market is projected to grow to $191.62 Billion by 2027, driven by demand for affordable housing and commercial infrastructure. Innovest's Manufacturing Solutions division specializes in stackable living spaces and has capabilities for various sectors, including healthcare and military housing. This approach promises reduced construction times by 30% to 50%, enhancing revenue generation for clients.

Innovest Global Inc. (OTC PINK:IVST) has secured a Letter of Intent (LOI) with a major hotel group, potentially generating $54 million in revenue from a new product line. The LOI represents only 10% of the project's total scope and will facilitate negotiations with vendors for pricing and production schedules. Revenue is expected to commence in the first quarter of 2021 and conclude by the fourth quarter of the same year. This agreement follows a recent successful $12 million project in Los Angeles.

Innovest Global Inc. (OTC PINK:IVST) is experiencing rapid growth in its Building Solutions division, which focuses on design, build, and manufacturing for commercial and industrial construction. The recent acquisition of a cash-flow positive general contractor in Charlotte, NC, is expected to enhance capabilities and drive organic growth. The company has secured over $1.5 million in new contracts and anticipates more contracts in the coming months. CEO Damon Mintz emphasizes that this strategy aims to mitigate risks through diversification and generate significant revenue for shareholders.

Innovest Global Inc. (OTC PINK:IVST) has appointed Danny Baker as an independent director as of September 1, 2020. Baker, currently the COO of a 9-figure business and an equity manager at Stone Arch Capital, brings extensive experience in business guidance, capital markets, and private equity. His addition is expected to enhance Innovest’s growth initiatives and assist with their upcoming NASDAQ uplisting plan in 2021. Baker expressed interest in Innovest's operations in personal protective equipment, call center services, and energy efficiency solutions.