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Tuesday, April 17, 2018 10:35:50 AM
CLEVELAND, April 17, 2018 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC PINK:IVST) reports over $600K in cash on hand and $708K in first quarter revenue. Innovests exit from mining cancelled 50 million shares. Financials posted yesterday afternoon and are available on the OTC Markets website.
Successful acquisitions in the Commercial & Industrial Division during the first quarter led to the higher than expected revenue number. Total current assets of $932,000 compared to current liabilities of $352,000 show the company has a “quick ratio”, or short-term acid test of financial strength of 2.6, four times stronger than the Conglomerates industry average ratio of 0.6.
Our board of directors is poised for the next level. John Klopp and Jason Painley, CPA are independent members that joined Dan Martin, the CEO and largest shareholder, who is the Chairman.
Last week, Innovests Leadership team met in Cleveland, and in addition to Q1 review, presented to several acquisition candidates in a group setting. “We have several acquisition candidates that are impressive just as they are. I am ecstatic at what we can do together, as a team, if they move forward with us as a group.” said Innovest CEO, Dan Martin. “It was invaluable to be face to face, and give them an opportunity to interact with our team and each other.”
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