Blue-Chip Fund Chief Executive Officer, John Klopp, Joining Innovest Global Inc. Board of Directors
CLEVELAND, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC PINK:IVST) welcomes Klopp Investment Management CEO, John Klopp, to its Board of Directors.
Over the past three months, Innovest has announced their business efforts in three diversified industries. Their goal to grow significantly by acquiring businesses in a select few industries, and get new customers in cost effective ways, has kept the team busy and the pipeline growing. With recent Investor Relations efforts, a growing acquisition pipeline, and a focus on long term plans, the time is right to add an expert in public companies to the Board.
John Klopp has a thirty-year track record in public companies. He received an MBA from Baldwin Wallace College, then worked in New York City and for many years was responsible for inter Broker-Dealer transactions, then Compliance, Trading, Research, Asset Allocation, and Portfolio Management. He is a member of the Cleveland Society of Security Analysts and is active in the Chartered Financial Analysts program.
He is now Chief Executive Officer of the second-generation firm Klopp Investment Management headquartered in Cleveland, OH. The firm is a large-cap, blue chip platform fund, which is available to Klopp clients and trust accounts directly, and others through their financial advisors and investment platforms. Their balanced blue chip strategy of investing in large companies has averaged 13.8% growth per year 2009-2016, with 2017 showing significant appreciation to date.
“John is a bona fide, highly regarded expert in the public markets, and he’s going to be invaluable to us as we evolve through the process of maximizing shareholder value,” said Innovest CEO, Dan Martin.
As for Mr. Klopp's thoughts on Innovest, “Innovest is currently a micro-cap stock with a lot of potential, and Dan’s philosophies mirror those of many successful large companies that have grown rapidly. With his leadership and this fertile business climate, I can see him exceeding his goals for the company and am very excited to join the Innovest team.”
Innovest’s diversified holding company model, and their focus on efficient customer acquisition and reduced risk, are the core tenets of what the company hopes will create significant value for their shareholders.
For more information on Klopp Investment Management, contact firstname.lastname@example.org or call 216.566.1100. For more information on Innovest contact email@example.com, or call Innovest investor Relations Matt Rego at 216.815.1122.
Innovest Annual Letter Highlights Accomplishments, Plans for Growth
CLEVELAND, Ohio, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC PINK:IVST) annual letter to shareholders summarizes business plan, goals, accomplishments, and items that poise the company for growth.
To our Shareholders: Innovest made significant strides in 2017 setting the foundation to accomplish our objectives. Our business model is a transactional approach to value creation for the Company: acquiring businesses, integrating them, and growing them with the latest techniques and in a synergistic way. As a public company, this provides our shareholders the benefit of quickly growing revenue in a liquid ownership environment. That includes high valuation objectives, in contrast to a private ownership structure that is less valuable and less liquid. It also provides unique opportunities for Innovest to remain nimble, enter new markets, be diversified and therefore not exposed to the risk of a single industry, and take advantage of new opportunities. Our goal is to grow by acquiring companies in a few key industries, meet the business requirements of NASDAQ, AMEX, or NYSE; uplist to one of them, and continue to expand our business model.
As we close 2017, our annual report will reflect the new business foundation, as well as an exit from the mining activity that the company had previously endeavored. Management is enthusiastic about the changes that will be reflected on the year-end balance sheet, as well as the current lack of long-term debt, and the capital structure of the business, which is attractive for both growth and the transactional opportunities that we expect.
Good people make a difference. Our CFO, Mike Yukich, has served as a CFO at the highest levels in business at the Fortune 500 level, and the CFO of a diversified holding company similar to Innovest, which grew to $600 million in sales. Our corporate attorney, Christopher Hubbert of Kohrman Jackson & Krantz, is an OTCQX Sponsor and has helped many successful companies navigate both mergers and acquisitions, and the public markets. And our first independent Board Member, John Klopp, is the CEO of a successful second-generation platform money manager and an equities expert. We have also engaged Matt Rego and Spotlight Growth, a successful investor relations company that provides full-service IR and market awareness services to emerging growth companies. And other incredible people, in many areas.
Business progress in 2017 includes our first completed acquisition, which distributes durable goods in a business-to-business setting and has a 35 year history, including having been awarded the master contract post-911 from the US Postal Service to supply nitrile safety gloves to the nations 44,000 post offices. This marks our first industry focus, which is durable goods sales to commercial and industrial clients. For Innovest, this also means that we are generating revenue, a benchmark that will be reflected in Q4 financials.
Secondly, we have signed a letter of intent to acquire a full-service commercial and industrial energy solution that provides an all-in-one offering: procurement, management, and efficiency solutions for commercial and industrial clients. According to the 2017 Power and Utilities Trends report by PwC, current trends in the industry are a “Blueprint for a Service Based Model”, such as the model Innovest has found in this company.
Our next development is that are currently test marketing a unique telemedicine/telehealth service, which, if we feel warrants full commercialization, would mark entry into the consumer telehealth market. Available in both Spanish and English, our service is a solution to the health crisis posed by the volatility and complications of the national Health Insurance debate. This would provide a consumer division that also scales culturally for a wide domestic audience.
Finally, we are exploring a retail auto division. We conducted preliminary due diligence on a Midwest group of franchised auto dealers, with revenue in excess of $150 million annually, and utilized our relationships and expertise to secure a commitment letter for funding 100% of the eight-figure anticipated purchase price. Based on this progress, we have initiated other efforts to determine whether this is an industry we want to pursue, and are involved in multiple discussions with potential sellers and partners.
The foundation we have put in place, momentum we have generated with potential acquisition candidates, and ongoing communications efforts have us poised to accomplish big things in 2018. We will continue to evolve the company with creativity and focus.
Throughout 2017, we communicated several times with news releases. We will continue to use news releases for certain items, but please also follow us on Twitter https://twitter.com/innovestglobal as we will use it regularly to highlight material information. Thank you for your support!
Daniel G. Martin,
For more information on Innovest contact firstname.lastname@example.org, or call Innovest investor Relations Matt Rego at 216.815.1122.
Innovest Twitter: https://twitter.com/InnovestGlobal COMPANY WEBSITE:
Revenue Push Begins at Home for Innovest Energy Group
CLEVELAND, Feb 07, 2018 (GLOBE NEWSWIRE via COMTEX) --
Innovest Global Inc. (otc pink:IVST) exited its January leadership meeting with a focus on sales, and quickly notes two key accounts signed by Shepherd Energy.
Sheriff Dan and Midge Ready for Action
182 Bed Geauga County Safety Center Opened in 2005
Geauga County, OH, holds many distinctions, including being the 4 [th] best place to raise a family according to Forbes Magazine. Another bright spot, world-renowned Geauga county K-9, "Midge", retired along with her partner Sheriff Dan McClelland in 2016. But before her dozens of national TV appearances and illustrious law enforcement career, her partner Sherriff Dan led the construction and opening of a brand new, state of the art, 182 bed correctional facility in 2005.
Since that time the center has been a benchmark for professionalism and safety center operations in northeast Ohio. Earlier this month, Geauga county based Shepherd Energy, a recent Innovest acquisition, won the bid for a five-figure security-critical upgrade at the center that will be completed in the spring.
Another local high point, the Geauga Growth Partnership (GGP), is committed to job growth, business success, and investment in the region. GGP has granted an exclusive to Shepherd Energy for its business members. "Geauga Growth Partnership is pleased to partner with Shepherd Lighting ... In many cases companies can upgrade to energy saving LED lighting and put cash in their pocket. This program is a great addition to GGP's 'Grow Your Bottom Line' solutions," said Tracy Jemison, President of GGP and former Geauga County auditor.
"We are very excited about the Energy business, and the warm reception in our own back yard. As a group we are meeting the challenge to grow our business with a lot of enthusiasm," said Innovest Global CEO Dan Martin. "The Safety Center, the GGP, these are organizations of excellence, and we are very proud to meet their standards and win their business. This is just the start of what I'm sure will be a very successful expansion for the Energy business."
Innovest's diversified holding company model, and their focus on efficient customer acquisition and reduced risk, are the core tenets of what the company hopes will create significant value for their shareholders. Look for much more to come from Innovest Energy Group and our other initiatives.
Follow us on Twitter @innovestglobal for important company updates! For more information on Innovest contact email@example.com, or call Innovest investor Relations Matt Rego at 216.815.1122.