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DSG Global Inc. (DSGT)

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0.3523-0.0137 (-3.74%)
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Previous Close0.3660
Open0.3650
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.2900 - 0.3800
52 Week Range0.0108 - 1.1000
Volume8,837,747
Avg. Volume11,055,898
Market Cap29.208M
Beta (5Y Monthly)0.81
PE Ratio (TTM)N/A
EPS (TTM)-0.4370
Earnings DateNov 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • DSG Global Subsidiary Imperium Motors Receives Department of Motor Vehicle Dealer License Number from State of California
    GlobeNewswire

    DSG Global Subsidiary Imperium Motors Receives Department of Motor Vehicle Dealer License Number from State of California

    SURREY, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTCQB: DSGT) (“DSGT”), via subsidiary Imperium Motors, receives its department of motor vehicle dealer license number to begin sales of vehicles in California and Nationwide. In order for the Company to obtain the dealer authorization number and license the inspector had to inspect and approve: * The main business location where business would be conducted * All books and records pertinent to the business * The display area or showroom. The showroom of the principal place of business is required to be of sufficient size to physically accommodate the vehicles for which the dealership is licensed to sell and the display area must be clearly for the exclusive use of the dealer for display * Signs to make sure they are a permanent nature, erected on the exterior of the office and display area and painted and maintained to withstand reasonable climatic effectsAdditionally, a principal at the dealership was required to have taken and passed a DMV-approved Dealer Training Class, a DMV Dealer Test and get a Dealer Bond.Imperium Motors can now officially sell vehicles. The Company anticipates Electric Vehicle sales in excess of $40 million in revenue in 2021 throughout the US as well as other countries in the western hemisphere.The Imperium® EV Experience Center, located at 4670 Central Way, Suite D Fairfield, CA 94534 is between two of the largest EV markets in California, which are currently responsible for approximately 50% of the United States EV sales. The Experience Center features the various models of new Electric Cars, Trucks, Vans, SUVS, Buses, and Scooters arriving from the Company’s manufacturers.Imperium Motors recent strategic partner Skywell, is an established leader in the electric vehicle industry, owning many automobile and bus manufacturing companies. Skywell’s products cover 3.6-18 m series of new energy EV Buses, passenger cars and passenger vehicles, which are widely sold in many countries and regions in Southeast Asia and widely used in public transport, tourism, commuting and leasing and other markets.The Company’s exclusive manufacturing partner, Jonway is a leading supplier of affordable electric vehicles in Asia and Europe and soon in North America. Jonway Group is a PRC-based company that has already sold over 100,000 electric transportation units in United States.“Our next phase will be to receive our WMI or World Manufacturing Identifier number that will allow us to final assemble or completely build vehicles in the United States. We have already applied for and expect our WMI number soon. This dealership license is essential to sell our affordable vehicles equipped for the United States market with emphasis on great design, a green mindset, performance, and functionality,” commented Rick Curtis, President, Imperium Motor Company.For information on Imperium Motor’s Product line, please visit https://www.imperiummotorcompany.com/About Imperium Motor Company Imperium Motor Company is a new EV distribution 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.About VANTAGE TAG SYSTEMS INC (VTS)Vantage Tag Systems 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's 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 over 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/Safe Harbor for Forward-Looking Statements Forward-looking statements in this press release include statements relating to, among other things, the Company's ability to open its new customer facility and its ability to close and deliver on various purchase orders from customers, and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to deliver in a timely fashion and to our customers’ satisfaction the products purchased; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in existing and new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are 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 2018 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.Brokers and Analysts: Chesapeake Group +1-410-825-3930 info@chesapeakegp.com

  • DSG Global, Inc. Reports Third Quarter Results
    GlobeNewswire

    DSG Global, Inc. Reports Third Quarter Results

    SURREY, British Columbia, Nov. 16, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTC: DSGT), announced today financial results for the third quarter ending September 30, 2020. Financial Highlights for the three months ended September 30, 2020:\- Revenue of $334, 151. This was an increase of 170% compared to the prior quarter. The majority of this revenue increase came from increased installations at numerous golf courses. This will result in a higher recurring revenue moving forward. The company anticipates the upward trend in golf revenue to continue for the fourth quarter.\- Gross Profit Margins remained relatively constant at 50%.\- Operating Losses were $391,882 or (.01) EPS for the quarter, consistent with the comparable quarter in 2019 and much improved from the $1,148,446 (.03) EPS loss during the prior quarter.\- Net Losses decreased from $5,555,832 in Q3 2019 to $3,159,242 or (.08) EPS. The majority of this, $2,577,704, was related to one-time costs of extinguishment of debt and the change in fair value of derivative instruments.\- Total Assets increased 76.1% from the prior quarter. This was primarily the result of increased inventory and fixed assets.\- Total liabilities decreased 11.6% from the prior quarter. Actual liabilities, not counting derivative liabilities decreased 30.3%. This is primarily the result of the payoff and removal of $1.95 million in convertible debt.Release updates and Highlights: * Set delivery volume target of 12800 vehicles, with 90% distributor sales and 10% direct sales, during 2021.   * Received orders for 1155 vehicles, a number increasing on a regular basis.   * Received first Shipment of cars from Jonway Group   * Anticipates additional vehicles arriving from Jonway and Skywell Automobile Group during the remainder of 2020   * Engaged GCN Media Group and Graj and Gustavsen, both well-respected New York based branding and digital marketing firms, to increase awareness and enhance consumer facing presence.   * Received Business License for Experience Center in Fairfield, California   * Received first shipment of single rider PACER golf carts   * Added Terra E-High Speed Truck from Jonway Group and ET5 SUV and several models of buses from Skywell Automotive Group to Electric Vehicle Product Lineup   * Paid off nearly $2 Million in Convertible Notes, thus significantly reducing future dilution   * Installed golf products at dozens of new golf courses and have multimillion-dollar Pipeline   * Expanded into Alternative Fleet Management beyond golf courses with installation of products for Peninsula Sanitation ServicesBob Silzer, CEO and President DSG Global, "We are pleased with the improvement in our third quarter, but are not satisfied with the results. We anticipate even larger growth in future quarters. We continue to install our products on numerous new golf courses each month. Our Electric Vehicles have begun arriving and we anticipate first delivery of products to end customers early in the first quarter. Next year, we anticipate over $40 million in sales from Electric Vehicles and over $20 million in sales from Fleet Management Software and Pacer Golf Carts with significant profitability."DSG Global, Inc. will host a conference call for investors on Monday, November 16, 2020 at 4:15 ET.The call will last approximately 45 minutes. Interested parties may dial 530-881-1212Passcode: 615-253-385Bob Silzer, President and CEO DSG Global and Rick Curtis, President of Imperium Motors will discuss the significant corporate activity and its plans for the future.Please dial in at least 5 minutes prior to the call to ensure timely participation.For the full earnings report please view our entire filing at www.sec.gov.For information on Imperium Motor’s Product line, please visit https://www.imperiummotorcompany.com/About Imperium Motor CompanyImperium Motor Company is a new EV distribution 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.About VANTAGE TAG SYSTEMS INC (VTS)Vantage Tag Systems 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's 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 over 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/Safe Harbor for Forward-Looking StatementsForward-looking statements in this press release include statements relating to, among other things, the Company's ability to open its new customer facility and its ability to close and deliver on various purchase orders from customers, and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to deliver in a timely fashion and to our customers’ satisfaction the products purchased; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in existing and new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are 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 2018 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.Brokers and Analysts: Chesapeake Group +1-410-825-3930 info@chesapeakegp.com

  • DSG Global, Inc. and Imperium Motor Company Partner, Zhejiang Jonway Automobile, Commences Production at New Automotive Assembly Plant and Will Begin Regularly Delivering Vehicles to Imperium Motor Company Moving Forward
    GlobeNewswire

    DSG Global, Inc. and Imperium Motor Company Partner, Zhejiang Jonway Automobile, Commences Production at New Automotive Assembly Plant and Will Begin Regularly Delivering Vehicles to Imperium Motor Company Moving Forward

    SURREY, British Columbia, Nov. 11, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTC: DSGT), and its automotive division Imperium Motors, announced today that Zhejiang Jonway Automobile Co. Ltd (“Jonway”) has initiated production at its new state-of-the-art facility. Imperium Motors has the exclusive distribution rights for Jonway vehicles in North America.Earlier this year Jonway Automotive completed the purchase of a new assembly plant located in the city of Xuzhou, China. The city is located about halfway between Beijing and Shanghai, China in Jiangsu Province. Xuzhou is one of the largest cities in China and an important gateway to East China.The new plant is the third major assembly plant for Jonway. All Four Wheel and Three Wheel vehicles will be assembled at this new location. The capacity is over 50,000 vehicles annually running only one shift and can be increased with a second shift. There are two additional buildings being added and when finished will give them over 1,000,000 square feet of under roof. This ultra-modern plant has Kawasaki welding robots, high capacity plastic injection machinery and cutting edge paint facilities. Jonway plans on introducing several new electric vehicle models during 2021. The facility will produce new vehicles for Imperium Motor Company for delivery in the United States, Mexico, Canada and Caribbean. Jonway is a leading supplier of affordable Electric Vehicles in Asia and Europe and now in North America via their exclusive distribution partner Imperium Motor, a division of DSG Global. Along with assembling new vehicles the facility will also be able to provide Semi Knock Down Kits that can be final assembled in their prospective markets.Alex Wang, CEO of Jonway stated: “We are very pleased to announce the opening of our new Jonway Jiangsu Plant. This is very important for us and our DSG/Imperium partners to supply the demand of Electric Vehicles worldwide, especially in the vast North American market they serve. We can now extend our ability to produce high quality current and newly designed models at our new facility that is located closer to major component suppliers and transportation lines. This saves time and energy that helps us lessen the impact to the environment that is so critical to all of us.” “This will allow us to manufacture and deliver Jonway vehicles in an efficient and timely manner. They can now produce vehicles at a sufficient rate to meet our strong demand. Their manufacturing expertise combined with our growing distribution network will quickly establish them as a leader in the North American market. These vehicles will be a large part of the $20 million in revenue Imperium expects during the first half of next year,” said Rick Curtis, President Imperium Motor Company.For information on Imperium Motor’s Product line, please visit https://www.imperiummotorcompany.com/ About Imperium Motor CompanyImperium Motor Company is a new EV distribution 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.About VANTAGE TAG SYSTEMS INC (VTS)Vantage Tag Systems 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's 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 over 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/Safe Harbor for Forward-Looking StatementsForward-looking statements in this press release include statements relating to, among other things, the Company's ability to open its new customer facility and its ability to close and deliver on various purchase orders from customers, and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to deliver in a timely fashion and to our customers’ satisfaction the products purchased; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in existing and new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are 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 2018 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.Brokers and Analysts: Chesapeake Group +1-410-825-3930 info@chesapeakegp.com  Attachment * For more information on Imperium Motor Corp. Please view this deck