DSG Global Inc. Establishes It’s First North American Manufacturing and R&D Facility
DSG Global, Inc. (OTCQB: DSGT) has signed a lease for its first North American manufacturing facility in Palmdale, California, to produce its Pacer Single Rider Golf Cart and assemble vehicles for the Electric Vehicle (EV) industry. The facility is expected to be operational within three months, reducing delivery times and costs significantly while enhancing customer service. This move positions DSGT as a competitive player in the growing EV market and enables them to meet increasing demand.
- Signing of a lease for a manufacturing facility in Palmdale, California.
- Facility to produce Pacer Single Rider Golf Carts and assemble EVs, enhancing product offerings.
- Expected operational readiness within three months, leading to reduced delivery times and costs.
- None.
SURREY, British Columbia, April 27, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”) is pleased to announce it has signed a lease agreement for its first North American manufacturing facility. This facility will allow the Company to produce its Pacer Single Rider Golf Cart and assemble multiple vehicle types and models for the Electric Vehicle (EV) industry.
The new facility will be located in Palmdale, California, north of Los Angeles. It is anticipated that the facility will be outfitted within three months to begin manufacturing PACER GOLF CARTS for Vantage Tag Systems and assembling EVs for Imperium Motor Corp.
“To become an Electric Vehicle assembly facility and Golf Cart Manufacturer in North America puts us in elite company. This facility will allow us to produce golf carts and assemble vehicles and meet the strong demand. It enables us to reduce delivery times and costs dramatically for our end customers. It shortens lead times and will be more environmentally friendly. We will have a high standard of safety and quality control and be able to provide homegrown customer service. We will be able to produce faster and warehouse a larger inventory, which will allow us to escalate our number of delivered vehicles exponentially,” stated Bill Rex, President, Imperium Motors, EV Manufacturing Division.
Having founded Rexhall Industries Inc., a once publicly traded manufacturer of RV, Motorhomes, Specialty Vehicles and distributor of Buses, imported from Asia, Mr. Rex has been involved in the manufacturing and sale of RV, Motorhomes, Specialty Vehicles, and Buses since 1987. In addition, he served as President of Thor West, (Establishment Industries) a subsidiary of Thor Industries, the world's largest manufacturer of RVs and President & General Manager of BYD Coach, Bus & Truck Mfg, a subsidiary of publicly traded BYD Industries.
“Bill joins Imperium at a crucial time as we prepare to bring these superior quality vehicles to the market. His experience in all aspects of the bus and motor home business make him a central piece of the puzzle in expanding our footprint in the United States EV industry,” commented Rick Curtis, Imperium Motor Corp. President. “Fleets are seeking multiple alternatives for efficient, clean vehicles and we believe that Imperium’s offerings provide superior quality and value. We look forward to Bill’s leadership to help position Imperium among the leading providers of EV buses and motor homes.”
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 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/
About Imperium Motor Company
Imperium Motor Company (IMC) is an EV sales 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.
Company Contact:
Brokers and Analysts:
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
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: 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.
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