Innovest Global Appoints Daniel (Danny) Baker to Board of Directors

Rhea-AI Summary

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.

Positive

• Danny Baker's experience in capital markets and private equity may enhance growth strategies.
• His appointment brings Innovest to a majority of independent directors, fulfilling NASDAQ requirements.

Negative

• Concerns about continuity may arise due to Baker's relatively limited experience in the specific industry.

Prominent Business Leader with Board and Institutional Investor Experience, M&A Experience, and Current COO of 9-Figure Business

CLEVELAND, OH / ACCESSWIRE / September 1, 2020 / Innovest Global Inc. (OTC PINK:IVST), a diversified industrials company, today announced the appointment of Danny Baker as an independent director..

In his role with Innovest, Mr. Baker will bring business guidance and capital markets expertise to accelerate growth as the company continues to drive new initiatives and thrive as an industrial platform company.

Danny Baker (35) is an Equity Manager for Stone Arch Capital where he is responsible for over $38 million in assets. He is also the Chief Operating Officer and a member of the Board of Directors for Marshall Goldman Motor Sales and Leasing, the world's largest exotic and luxury dealer group, generating 9 figures in annual revenue globally with offices in Cleveland, OH and Beverly Hills, CA. Prior to these roles, he founded and operated similar businesses which he successful grew and exited for a profit, after beginning his career as one of the youngest managers ever for three successive, profitable, Lamborghini dealerships. He is also professional race car driver competing in the Ferrari Challenge Series and several other Motorsports Series over the last 6 years, ranking high among his peers with many wins.

"Daniel brings a wealth of knowledge and talent to Innovest's board," said Innovest CEO Damon Mintz. "His dynamic personal characteristics, operating experience, and global relationships position him to provide unique insights and value to the board. We're privileged to welcome someone with such a prestigious background to the Innovest team."

Mr. Baker commented, "I was attracted to Innovest's stable, growing operations in personal protective equipment (PPE), call center services which are HIPAA compliant and energy efficiency and cost saving solutions. I look forward to sharing my experiences and working with the Innovest team to drive their vision."

Dan Martin, Chairman of Innovest added, "Daniel's insight and reputation made him an ideal fit for the board, and his private equity and capital markets knowledge will be invaluable as we accelerate our NASDAQ uplisting plan in 2021. His addition as the 4^th independent board member brings us to a majority of independent directors, which also helps us fulfill NASDAQ requirements. On behalf of our board, I would like to welcome Daniel to Innovest."

About Innovest Global, Inc.
Innovest Global, Inc. (OTC PINK:IVST) is a diversified industrial company applying technology and innovation to provide value-added solutions across multiple business markets. Innovest Global builds long-term shareholder value by acquiring established industrial businesses on favorable terms, realizing synergies and achieving organic growth through investments in innovative technology and business systems. For more information, please click here.

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.

Investor Contact:
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
IVST@mzgroup.us
www.mzgroup.us

Brokers and Analysts:
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com

SOURCE: Innovest Global Inc.

View source version on accesswire.com:
https://www.accesswire.com/604187/Innovest-Global-Appoints-Daniel-Danny-Baker-to-Board-of-Directors

FAQ

What is the significance of Danny Baker's appointment to Innovest Global's board?

Danny Baker's appointment is significant as he brings extensive experience in business management and capital markets which can support Innovest's growth initiatives and strategic goals.

How will Danny Baker contribute to Innovest Global (IVST)?

Baker will provide guidance and insights to accelerate growth and assist with Innovest's plan to uplist to NASDAQ.

When was Danny Baker appointed as an independent director of Innovest Global?

Danny Baker was appointed as an independent director on September 1, 2020.

What industries does Innovest Global operate in?

Innovest Global operates in personal protective equipment, call center services, and energy efficiency solutions.