Sacramento, CA -- September 13, 2018 -- InvestorsHub NewsWire --
Spotlight Growth has published new content 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, biotech,
building materials, commercial energy, business-to-business
distribution, national call center and auto sales.
The report provides an overview of Innovest Global, Inc., its
subsidiaries, financials, US construction industry analysis, global
construction industry analysis, building materials, biotech and
more.
ResearchAndMarkets: U.S. Construction Market Forecast To
Reach $1.77 Trillion By 2022
Construction activity can serve as a litmus test for the health
of the overall economy. During times of economic expansion,
construction activity is largely robust and active. Meanwhile,
downturns tend to slow or nearly halt construction
activity.
According to ResearchAndMarkets, the United States
construction industry is expected to see a compound annual growth
rate (CAGR) of 7.60% between 2018 and 2022. The market research
group notes that residential construction increased at a CAGR of
11.4% between 2013-2017. Commercial construction increased at a
CAGR of 10.9% during 2013-2017.
According to Statista, United States construction
expenditures came in around $1.23 trillion in 2017. The market
research firm estimates that U.S. construction
spending will increase from $1.23 trillion in 2017 to $1.53
trillion in 2022.
According to the Construction Intelligence Center (CIC),
the global construction industry is expected to have strong
performance over the next several years as well.
In December 2017, the CIC released report forecasting that the
global construction industry will see growth of 3.6% between 2018
and 2022. However, the CIC released an updated report in April
2018, which increased its growth estimate to 3.7% between 2018 and
2022.
While this may not seem like much at first glance, “in real
value terms (measured at constant 2017 prices and US$ exchange
rates), global construction output is forecast to rise to US$12.4
trillion in 2022 from US$10.4 trillion in 2017,” according to the
report.
IVST: Working On Closing Major Building Materials
Acquisition, Weekly Technicals Look Bullish
The Cleveland, Ohio-based conglomerate continues to rapidly
expand thanks to key acquisitions and thriving organic sales
growth. Innovest Global, Inc. currently is experiencing a
combination of strong fundamentals and technicals. The company’s
Commercial & Industrial Division has been a revenue machine for
Innovest, as the division now is on track for annual revenue
run-rate of $4.5 million.
The company’s Biotech & Health Sciences Division is not
currently generating revenue, but the division has a very bright
future ahead. Lead by world-renowned neuroscientist, Dr. Dwain
Morris-Irvin, the Biotech & Health Sciences Division is
currently focused on commercializing StemVax Therapeutics’ cancer
vaccination therapy technology. The cancer vaccination therapy
technology was just recently awarded a U.S. patent.
Innovest Global management team has been extremely busy with its
pending mega-acquisition of a building materials company,
which produces $30 million in annual revenues. Once the building
materials company is acquired, it will serve as Innovest Global’s
third division. Management estimates that the building materials
target acquisition could close sometime in early September
2018.
Management has detailed the serious of events that has took
place earlier this year between Innovest and the target building
materials company. The initial discussions began back in March
2018, followed by formal negotiations in April 2018.
In June, Innovest management formally proposed the acquisition
pitch to the target company’s board of directors. Upon conclusion
of the presentation, both parties had signed and executed a Letter
of Intent (LOI) document.
In late August 2018, it was announced that both parties have
effectively reached an agreement on the acquisition transaction
structure and long form documents. Under the agreed terms, Innovest
will acquire 100% ownership of the target entity and will issue 5
million common shares (restricted) and a high-five figure cash
payment in exchange.
“This transaction represents a substantial, over five-times
increase in Innovest’s revenue, and marks entry into its third
industry sector. This is a transformational acquisition for
Innovest. Because of the revenue, but also because the leadership
of the organization is world class, well respected in their
industry, and has a vision and plan for growth that I believe is
highly likely to succeed in our model once we hit the switch,”
detailed Innovest Global CEO Dan Martin.
In other news, the biotech division, led by Dr. Dwain
Morris-Irvin, will be attending the 48thAnnual Society for
Neuroscience Conference and the BIO Investor Forum. The
Society for Neuroscience will take place between November 3-7 in
San Diego, California. The BIO Investor Forum will be held in San
Francisco, California between October 17-18.
Innovest Global will be featured in Delta Sky Magazine’s October
Biotech Special Edition issue. The Delta Sky Magazine is
the official in-flight magazine for Delta Air Lines, Inc. and has
readership of around six million highly-engaged
passengers.
Investors and traders looking to filter out the noise and the
short-term should utilize weekly and monthly charts. These tend to
provide a clearer picture of the current state of the stock and
where it could be possibly heading in the coming weeks or
months.
If we take a look at a weekly chart of IVST, we see several
positives currently:
-Current weekly candle at the high
-50 day moving average (green) trading above 100 day moving
average (red)
-MACD shows bear position very weak, looking ripe for a bullish
crossover in coming week or two
-Stochastics trending higher, currently around 60 (not
overbought or oversold)
Innovest Global was recently featured on an episode of Spotlight
Growth Live, a video web-series highlighting emerging growth
companies. To view the video, please
visit: http://spotlightgrowth.com/index.php/video/
For more information on Innovest Global, Inc., please
visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/09/12/innovest-global-inc-otc-pink-ivst-a-diversified-conglomerate-with-strong-fundamental-and-technical-analysis/
SpotlightGrowth.com is a digital hub for micro-caps,
small-caps, crowdfunding, cryptocurrency, and other emerging growth
investors. SpotlightGrowth.com serves as our media
subsidiary and provides insights on small cap companies.
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This material does not represent an investment solicitation.
Certain statements contained herein constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
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limitation, statements with respect to the Company’s plans and
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Matt Rego 9165257147 mrego@spotlightgrowth.com
Innovest Global (CE) (USOTC:IVST)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Innovest Global (CE) (USOTC:IVST)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024