Energy efficiency is a major theme sweeping the global business community, as companies look to cut costs and boost profits. Unfortunately, there is still a vast number of businesses across all sectors that continue to rely on inefficient and outdated energy solutions. Not only do these inefficient systems cost companies more money in energy costs, it also leads to lower productivity and profitability.
As technology continues to make energy efficiency upgrades more affordable, we are only at the beginning stages of the coming stampede to improve electricity and power consumption. Furthermore, the recent U.S. tax overhaul allows businesses to receive tax credits on their “business investments” in the first year, rather than following the old depreciation model. This provides companies with an even greater incentive to upgrade equipment, energy solutions, and other business investments.
According to MarketsAndMarkets, the global LED lighting market is forecast to be worth $92.40 billion by 2022. This represents a compound annual growth rate (CAGR) of 13.66% through 2022. The market research firm sees increasing demand for energy efficiency, reduction in LED costs, and greater adoption of the technology as general lighting source as the driving force behind the growth.
In PwC’s “2017 Power and Utilities Trend” report, analysts see majority of growth coming from a “blueprint for a service-based model.” This includes energy management, emerging technology, monitoring equipment, sensors, and other equipment.
As the energy efficiency market prepares for strong growth, Innovest Global, Inc. (OTC Pink: IVST) is one company that is already benefitting from the technology.
IVST: Opening Two Regional Business Development Offices, Massive Call Center Operation Planned
Innovest Global, Inc. (OTC Pink: IVST) recently announced major plans to expand its energy division on a national scale. The company is in the process of opening two new regional business development offices. One will be located in Grand Rapids, Michigan and the other will be in Demopolis, Alabama.
Through the regional business development offices, Innovest Global, Inc. (OTC Pink: IVST) will aggressively seek to form strategic partnerships with highly-qualified customer services & sales agents and electricians. The customer service and sales agents will be solely focused on lead generation and client acquisition. Once new customers are secured, quality electricians local to the specific area will be contracted and dispatched to complete the installation. Management is planning to ensure proper training for all of its regional office staff to ensure the company’s trademark quality customer service is upheld.
Innovest Global, Inc. (OTC Pink: IVST) is planning a massive call center operation to coincide with the regional expansion. The operation will center on expanding into small commercial energy businesses, which will complement the company’s current midsize-ranged client base.
As the energy division prepares for its next stage of growth, management is pleased to announce that current president of Shepherd Energy Solutions, Damon Mintz, will lead the entire Innovest Energy Group subsidiary. Mr. Mintz has a successful history within the energy sector, which involved founding and managing companies that were generating revenues between $10-30 million on an annual basis.
“Damon is a natural leader, and a proven rainmaker in the energy business,” details Innovest Global, Inc. (OTC Pink: IVST) CEO, Dan Martin. “Shepherd came under the Innovest umbrella recently, and since that time he has initiated so much expansion and growth, and industry referrals, with so much enthusiasm, that the best way we could capitalize on that was to give him authority over the entire energy effort. I couldn’t ask for anything more from a new team, and that work ethic and attention to detail is why I believe Innovest is poised to surpass our goals.”
IVST: Reports Mid-Quarter Revenues Of $388K, Beating Estimates By 55%
The company announced it has generated revenues of $388,000, through the halfway point of the first quarter 2018. This beat management’s estimates by a whooping 55%. Innovest Global, Inc.’s (OTC Pink: IVST) energy, durable goods, and call center subsidiaries have been boosting baseline sales. Overall, the company estimates baseline revenue of $500,000 per quarter.
Innovest Global, Inc. (OTC Pink: IVST) has been blowing expectations out of the sky, thanks in part to the company’s LEEP program. The LEEP program allows industrial or commercial businesses to fully convert their electrical systems to LED without any out-of-pocket expenses. The energy savings are used to pay for the project, which will not show up as a debt on the client company’s balance sheet. The arrangement is essentially an asset lease, which allows the company to benefit from the upgrades without taking on debt or extensive costs.
Strong revenue growth isn’t the only major accomplishment, Innovest Global, Inc.’s (OTC Pink: IVST) quality service is not going unnoticed by clients. Management has received several testimonials from happy clients that were satisfied with the work and customer service.
“As happy as I am about how well our team has gelled, and our sales results, I’m even happier with the positive response from our clients. That’s a great testament to the professionalism and excellence of our team,” detailed Dan Martin, CEO of Innovest Global, Inc. (OTC Pink: IVST).
Aside from strong earnings results and happy customers, Innovest Global, Inc. (OTC Pink: IVST) notes that further acquisitions are on the way and PCAOB auditors are being currently vetted for engagement. This would allow the company to continue expanding into niche, highly-profitable businesses, while focusing on getting financials audited and approved.
Innovest Global, Inc. (OTC Pink: IVST) is already well-positioned for the coming energy efficiency boom. The company’s national expansion plans will help expand Innovest’s footprint and capture a larger share of the potential market. As businesses continue to see greater incentives to upgrade old, inefficient energy systems, Innovest is prepared to be among the top beneficiaries.
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