SURREY, British Columbia, Aug. 19, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is pleased to report that California Mobility Works (CMW), located in Milpitas, California, and Imperium Motors will host the unveiling of the SagittaTM EV on November 17th at the LA Auto Show. The three-wheel, four passengers SagittaTM will impress the automotive world with its innovative styling and superb engineering. The SagittaTM sets a new standard for aesthetics, passenger and cargo space, range, and value, and aims to dramatically expand the accessibility of environmentally responsible EV technology to a broad range of consumers. SagittaTM will also showcase new technology which allows easy configurability and a wide range of owner-defined interior features.
Following this unveiling, SagittaTM will begin initial testing and validation in mid 2022 and CMW will begin accepting reservations, with a target of reaching limited production in late 2022. Imperium is pleased to be CMW’s primary SagittaTM distribution partner.
“I am very excited to roll out this incredible new vehicle, which is not only a breakthrough in value for the EV market, but it is a thing of beauty and people will be pleasantly surprised by many innovations in the design,” commented Jim Shook, co-founder, and Chief Designer.
“Jim and his team have done a remarkable job with SagittaTM, which by the way means arrow in Latin, and as an EV enthusiast, I am totally confident in the product and the immediate and continued success it will have in the market,” remarked Scott Burton, CMW Chairman.
Anticipating high demand and the need for downstream partners, the distribution relationship with Imperium Motors is an important strategic element. “We are thrilled to team up with CMW and make SagittaTM a huge success. As a company focused on the EV market for many years, we are very confident that this vehicle will be a big winner,” commented Rick Curtis, Imperium Motors CEO.
About CMW
Founded in 2018 to design and manufacture Electric Vehicles, CMW’s mission is to transform the Electric Vehicle market by providing world-class EV’s specifically designed to expand and accelerate the already fast-growing EV market. The CMW strategy is to deliver superior value, without sacrificing style, performance, or safety, and continue to evolve new, innovative designs to become a leading EV company within five years. As CMW’s debut and initial flagship vehicle, SagittaTM will disrupt the EV market by making highly capable EVs available to a much broader range of consumers.
Founded by several luminaries of Silicon Valley including Kamal Consaga, Bobby Rekhi, and Jim Shook, CMW is pleased to partner with Imperium Motor Corp., is well positioned to grow rapidly and to become a major player in the EV market, who have brought technology companies to successful exit. Jim Shook was previously a co-founder of one of the first EV companies, Zebra Motors, in 1996 which developed and produced the Model Z roadster.
With facilities in Milpitas California, CMW has an experienced team of designers, engineers, and experienced management who are highly capable and motivated to achieve a successful launch of SagittaTM and a series of follow-on products.
About Imperium Motor Company
Imperium Motor Company (IMC), a subsidiary of DSG Global (OTCQB: DSGT), is an EV sales, marketing and distribution offering a wide variety of EV vehicles equipped for the North American market with emphasis on great design, a green mindset, performance, and functionality. Vehicles include high speed, mid-speed, and low speed electric vehicles including cars, trucks, SUVs, vans, e-bikes, buses and scooters. The addition of CMW to IMC’s list of OEM partners is a win-win scenario, as it will greatly strengthen IMC’s product offering, while IMC represents a ready-made distribution and service organization for CMW designed products.
About DSG Global
DSG Global (OTCQB: DSGT), 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 through its Imperium Motor Company subsidiary.
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'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/
Company Contact:
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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 execute planned product launches, achieve product order delivery schedules, derive benefit from planned products or marketing initiatives, or to achieve production and sales targets, generally.
Forward-looking statements or information are based on a number of 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: the Company’s negative cash flow and ability to achieve current and future financing requirements; industry competition; general 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.
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