~ Power House ~

[ProfitScout]

IVST: Innovest Global Provides Acquisition Update: Authority National Supply Closing Rescheduled to First Week of November and Secured LOI for $12 Million Revenue and Profitable Acquisition in the Building Industry

CLEVELAND, Oct. 26, 2018 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST) (the “Company” or “Innovest”), a conglomerate with operations in commercial and industrial products and services, energy, biotechnology, and health services, announced today that we have signed a second Letter of Intent to acquire a company in the Construction and Building Materials Industry. The acquisition target generates $10-$12 million in annual revenue from contracts and is projecting $2.4 million in net income over the next year. This acquisition will mark the most profitable IVST acquisition to date, and is contingent upon due diligence and final documentation.

The working relationship with Authority National Supply (“ANS”) continues to be effective as we plan for that Construction and Building Materials Industry acquisition. Tony Crookston and his ANS team celebrated with us at the investor open house, and the signing ceremony is officially rescheduled for Friday November 2, 2018 at noon at the Innovest World headquarters, in order to accommodate their needs.

We sincerely thank our friends, stockholders, and the community for a spectacular evening of reflection and fellowship at our new headquarters. The event was a resounding success and resulted in strengthened relationships and a wonderful experience; much needed and much appreciated capping a year of very hard work by so many people.

About Innovest Global, Inc.
Innovest Global, Inc. (OTC Markets: IVST) is conglomerate with operations in commercial and industrial products and services, energy, biotechnology, and health services. Our primary growth strategy is to acquire existing companies in a select few industries, and attract new customers in cost effective ways. Currently, we have a Commercial & Industrial Division, a Biotechnology & Health Services Division, and our new Building Materials Division.

For more information, please visit: http://www.innovestglobal.com, and follow us on Twitter and Facebook @innovestglobal.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the OTC Markets. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information
Corporate Office:
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Twitter @innovestglobal

Investor Relations:
Hayden IR
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