Sacramento, CA -- March 01, 2018 -- InvestorsHub 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/
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