- Oops!Something went wrong.Please try again later.
FAIRFIELD, Calif., July 08, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”) and its automotive division, Imperium Motor Corp, are preparing vehicles for sales from partners Skywell Auto and Jonway Automotive Group in the coming months.
Skyworth Auto, launched on April 27, will be a leader for smart new energy vehicles. Skywell and the electronics giant Skyworth signed an agreement in late March under which Skyworth will transfer the ownership of 11 trademarks related to vehicles to Skywell. Upon completion of the trademark transfer, “Skyworth Auto” will be brought under the management of the Nanjing-headquartered EV maker.
In addition, Imperium Motors continues to make progress on several fronts including:
The ET5 SUV homologation was approved for Europe and is approaching approval for the North American market
The new Rumble Air SS is now ready for delivery in Canada.
The dealer candidate network of future dealers continues to expand.
Major exposure will be coming in the fall from automotive shows including BusCon and the Los Angeles Auto Show. Many of the company’s 26 current models will be on display as well as the unveiling of several new models.
New Imperium vehicles are arriving at both California facilities, the Fairfield Experience Center and Palmdale Manufacturing Facility, on a regular basis:
The popular new Jonway e-FORCE Scooters have arrived at the Experience Center.
Skywell’s 12-Meter EV City Bus arrived at manufacturing facility in Palmdale.
Imperium Terra trucks just arrived and will begin the process of various upgrades and homologation testing.
The D-11 Cargo Vans and Multi-Passenger Vans as well as the new Jonway T01 Coupes are built and in the process of being shipped to the Experience Center.
“The company is finally in a position, with increasing production and inventory, regular shipments and proper lines of credit with the various manufacturers to begin delivering vehicles on a grander scale. The current backlog is being processed and the company anticipates deliveries to individuals, fleets, dealers and government agencies during the second half of the year,” announced Rick Curtis, CEO of Imperium Motors..
About DSG Global
DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest-growing market sectors. With roots in the golf industry, in which it specializes in fleet management with patented analytics, mobile touch screen engagement and electric golf carts under the Vantage Tag Systems (VTS) brand, the Company is moving quickly with road-ready electric vehicles for sale in the first quarter of 2021 through its Imperium Motor Company subsidiary.
About Imperium Motor Corp.
Imperium Motor Corp. (IMC) is an EV sales, manufacturer and marketing company that offers a wide variety of affordable vehicles equipped for the North American market, with emphasis on great design, a green mindset, performance, and functionality. Vehicles will include high-speed, mid-speed and low-speed electric vehicles including cars, trucks, SUVs, vans, buses, and scooters. For additional information about Imperium Motors’ product lines, please visit www.imperiummotorcompany.com.
About Vantage Tag Systems
Vantage Tag Systems (VTS) provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Its clients use VTS' unique technology to significantly reduce operational costs, improve the efficiency plus profitability of their fleet operations, increase safety and enhance customer satisfaction. VTS has grown to become a leader in the category of fleet management in the golf industry, with their technology installed in vehicles worldwide. VTS is now branching into several new streams of revenue through programmatic advertising, licensing, and distribution, as well as expanding into commercial fleet management, PACER single rider golf carts and agricultural applications. Additional information is available at http://vantage-tag.com/.
Brokers and Analysts:
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipated," "proposed," "expects," "intends," "may," "will" and similar expressions. Forward-looking information contained or referred to in this news release includes but is not limited to the Company's ability to secure manufacturing facilities and supply chains, the benefits the Company expects to derive from existing and planned products, and the Company's ability to achieve production and sales targets, generally.
Forward-looking statements or information are based on several factors and assumptions, which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors which could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: successful completion of due diligence, satisfaction of conditions, and completion of the proposed transaction with MTG, INC. negative cash flow and future financing requirements to sustain operations; dilution; limited history of operations and revenues and no history of earnings or dividends; competition; economic changes; delays in the Company's expansion plans; regulatory changes; and the impact of and risks associated with the ongoing COVID-19 pandemic, including the risk of disruption at the Company's facilities or in its supply and distribution channels. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.
Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year 2020 and our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.