Innovest Global (OTC: IVST) recently issued a letter by the company’s Founder, Chairman and CEO Daniel G. Martin reviewing its solid performance, milestones and achievements in 2018 as well as an outlook for 2019. Among other highlights, the letter details the company’s advancement from having only seven employees at the beginning of 2018 to ending the year on a $40 million annual revenue run-rate with 75 employees. Moving forward, the company plans to pursue larger accretive acquisitions, grow its existing divisions, and streamline operations. Innovest expects at least 20% organic growth for 2019 and forecasts $50 million in revenue from current operations, and a net income of $0.4 million for the year. “Overall, our team is thrilled with where we are. There was a lot of hard work, some scary moments, and not everything always went according to plan. But we have a committed group of great people, who rallied around the mission, did their best, stayed focused, trusted each other, and ultimately achieved more than was thought possible one year ago,” Innovest Global Founder, Chairman and CEO Daniel G. Martin stated in the letter. “We are extremely thankful not only to our team for their efforts, but also to our shareholders for giving us the opportunity and for your support, encouragement, patience, and enthusiasm. We could not have done these things without you. We look forward to continued progress in 2019, so please stay tuned and again, thank you for your support.”
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About Innovest Global, Inc.
Innovest Global, Inc. is a conglomerate with operations in commercial and industrial products and services, energy, biotechnology, and health services. The company’s primary growth strategy is to acquire existing companies in a select few industries and attract new customers in cost effective ways. Currently, Innovest has a Commercial & Industrial Division, a Biotechnology Division, and a Construction & Building Materials Division. For more information, visit the company’s website at www.InnovestGlobal.com.
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