Innovest Global Shareholder Update Highlights HIPPA Certified Call Center Growth

Rhea-AI Summary

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.

Positive

• Monthly revenues for Contact Source Solutions increased 150% since acquisition.
• Innovest announced a $54 million revenue letter of intent for its Building Solutions.
• Call center maintains high industry ratings and operates in a compliant environment.

Negative

• None.

High Ratings and Consistent Growth Result in Record Monthly Billings for Call Center Revenue

CLEVELAND, OH / ACCESSWIRE / November 17, 2020 / Innovest Global Inc. (OTC PINK:IVST), a diversified holding company with industrial operations, provides the following shareholder update.

"Innovest continues to respond effectively to changing market conditions, offering exceptional products and services to sectors with strong demand," said Dan Martin, the Company's founder and Chairman of the Board. "Like many businesses, Innovest needed exceptional creativity and execution to navigate the ever-changing business climate of 2020. We are thankful for our amazing people and diversified model which have both contributed to our ability to do so, and we are looking enthusiastically at the opportunities we see before us in 2021."

Contact Source Solutions continues to be a foundational stalwart for the company. It has been profitable and consistently grown since acquisition. Monthly revenues for this segment of the business have increased 150% since it was acquired in 2018. We expect this trend to continue as we consistently gain new clients for these services. The call center features domestic representatives working from home; in a HIPPA certified, PCI compliant environment, which receives among the highest ratings possible in the industry.

"The consistency of the call center is unique in today's economy, and balances our building solutions and energy businesses, which feature larger and more complex revenue opportunities which can be difficult to forecast," said Martin.

Innovest recently announced a $54 million revenue letter of intent for its new, modular offering by its Building Solutions team, and continues to advance other business opportunities, acquisitions, and corporate initiatives. Look for much more information to come soon.

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:
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/617005/Innovest-Global-Shareholder-Update-Highlights-HIPPA-Certified-Call-Center-Growth

FAQ

What recent achievement did Innovest Global (IVST) announce?

Innovest Global announced record monthly billings for its call center revenue.

How much has the call center revenue increased for Innovest (IVST)?

The call center revenue has increased by 150% since its acquisition in 2018.

What is the value of the revenue letter of intent announced by Innovest (IVST)?

Innovest announced a revenue letter of intent valued at $54 million.

Where does Innovest Global (IVST) operate its call center?

Innovest's call center operates in a HIPAA certified and PCI compliant environment.