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Innovest to Open 193,000 sq. ft. Industrial Operations Center in Bedford, OH

Re-Opening the Former WalMart Super-Center will Centralize
Manufacturing, Expand Warehousing

CLEVELAND–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24IVST&src=ctag" target="_blank"gt;$IVSTlt;/agt; lt;a href="https://twitter.com/hashtag/growth?src=hash" target="_blank"gt;#growthlt;/agt;–Innovest Global Inc. (OTC Markets: IVST),
a diversified industrials company, has signed a lease to consolidate its
industrial operations into one location. The location will provide
financial and operational efficiencies, as well as expand manufacturing
capacity.

Direct Benefits Include:

  • Manufacturing at one location instead of transporting work-in-process
    between locations
  • Double space, more than tripling our manufacturing capacity all under
    one roof
  • Eliminates potential for scheduling delays for over $50 million in
    pending competitive manufacturing bids currently outstanding
  • Direct facility lease costs only slightly higher than current multiple
    facilities
  • Warehousing for building materials inventory, and distribution close
    to all major Cleveland, OH freeways.

Currently, Innovest manufactures curtainwalls at two separate facilities
a quarter-mile apart on Grant Avenue in Cleveland. The company delivers
between $400,000 and $1.5 million per month in production. However,
since the time of acquisition of the business in December 2018, the
curtainwall team led by John Yenges has submitted pending competitive
bids to clients in excess of $50 million, and expanded the product set.
Pending bids, aligning with expiring leases at inefficient facilities,
made for an easy all-encompassing centralized decision.

“We’re taking advantage of a great opportunity to make our industrial
operations efficient and scalable. Costs for this one facility, which is
close to all major freeways and more than doubles the size of our
current operation, are only slightly more than our two current
locations, and bring many strategic efficiencies,” said Dan Martin,
Innovests founder, Chairman, and CEO. “Our focus in 2019 is doing all of
the little things to make sure the business will scale well and provide
meaningful returns to shareholders in 2020 and beyond. The recent
addition of Plante & Moran to our service team, and this facility
addition, are great examples of how diligent our team has been in
pursuing those goals. The business is growing and developing quickly,
and I’m very excited about several of our additional upcoming
milestones. Our president, Damon Mintz, has cleared the path for
subsidiary growth and put a fantastic team in place. Mike Yukich, our
CFO, Chief of Staff Tim Figley, and our board have stepped up and
contributed to incredible behind-the-scenes progress. We’re all very
thankful for the long hours and hard work by our team of over 100
employees in the organization that continue to produce results, and to
our shareholders for giving us the opportunity.”

The Bedford lease is pending final zoning approval which we expect to
receive in advance of our new center opening in late summer. Innovest
will be releasing its first quarter 2019 unaudited results soon, as well
as the 2018 audited financials when they are completed.

About Innovest Global, Inc.

Innovest Global, Inc. (OTC Markets: IVST)
has operations in industrials (commercial and industrial products and
services, energy, construction, and building materials ) and investments
in biotechnology. Our primary growth strategy is to acquire existing
companies in a select few industries and attract new customers in cost
effective ways. Currently, Innovest Global Inc has a Commercial &
Industrial Division, a Biotechnology & Health Services Division, and a
Construction & Building Materials Division.

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

Contacts

Corporate Office:
Damon Mintz
(440) 644-1027

Investor Relations:
(216) 815-1122
[email protected]

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