SURREY, British Columbia, Nov. 09, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTCQB: DSGT) (“DSGT”), via subsidiary Imperium Motors, announces electric vehicle pre-orders of $5.7 Million. The electric vehicles will be distributed to multiple locations in North and South America.
The orders, for 1,155 vehicles, are for vehicles types already approved for sale including the Urbee Sport, Urbee Mid-Speed Van, E-Bikes and Scooters. DSG intends to fulfill these orders during Q1 2021. The company is also completing the steps in order to distribute High Speed SUV’s, Trucks and Buses throughout North America. The company will begin taking orders later this year for those vehicles as well.
Imperium Motor Company anticipates sales of at least $20.4 Million during the first half of 2021 and escalating during the second half of the year as production continues to increase and more models become available.
“We are pleased with the ability to begin delivering quality electric vehicles to well established customers. The vehicles will be financed through lines of credit with two of the major electric vehicle manufacturers in the world. Having an established sales leader in the electric car industry, like Rick Curtis, has been invaluable. He brings extensive import and export experience for multiple continents. His forty years of senior automotive management experience in retail, wholesale, distribution and final manufacturing are invaluable to our success and expansion plans. He will quickly build our dealer network and distribution system to become a leader in the Electric Vehicle industry. He was a consultant to one of the largest Electric Vehicle Companies in the world, he will be able to utilize his broad and diverse contacts as outlets for marketing and sales of our Electric Vehicle brands,” stated Bob Silzer, President and CEO DSG Global.
“The interest in our products is very strong and as more models become available for sale, we expect revenue to escalate fairly quickly. By the beginning of Q2, we expect strong sales for SUV’s, trucks and buses, which are not even currently included in our first half 2021 projections. We anticipate several significant milestones in the coming weeks as we establish our dealer network, receive cars at our experience Centre and host a ‘Grand Opening’, and continue homologation of the remainder of our vehicle fleet,” said Rick Curtis, President Imperium Motor Company.
As a reminder, DSG Global 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 530-881-1212
Passcode: 615-253-385#
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.
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