DSG Global Subsidiary Imperium Motors Continues to Expand Electric Vehicle Lineup with New Terra-E High Speed Electric Pickup Truck

Rhea-AI Summary

DSG Global Inc. (OTCQB: DSGT) has announced the addition of the all-new Electric Pickup Terra-E to its Imperium Motor Corp. lineup, bringing the total to over 20 Electric Vehicle models. Developed with partner Jonway Group, the Terra-E features a modern chassis and offers various drivetrain options. With a range exceeding 200 miles, it is designed for robust off-road capabilities. The truck is expected to appeal significantly to consumers and will be available for purchase in Q1 2021. The company aims to increase its product offerings and generate substantial market interest.

Positive

• Launch of Electric Pickup Terra-E expands Imperium Motor Corp.'s EV lineup to over 20 models.
• Terra-E expected to have a range exceeding 200 miles, appealing to environmentally conscious consumers.
• Offerings include best-in-class off-road capabilities and a variety of modern features.
• Anticipated retail availability in Q1 2021, generating market interest.

Negative

• None.

Surrey, British Columbia, Canada, Sept. 30, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTCQB: DSGT) (“DSGT”), and subsidiary automobile division Imperium Motor Corp., announced that Zhejiang Jonway Group Co., Ltd. (Jonway Group) is adding an all new Electric Pickup Terra-E to the Imperium lineup. This brings the total offering of Electric Vehicles to over twenty different models including utility vehicles, sedans, vans, SUV’s and trucks. Jonway Group was founded in 2005 and is one of the most established manufacturers in the Electric Vehicle industry and have been selected as major player in the Electric Vehicle market by many different publications and market analysts.

The company has exclusive distributor agreements for North America for multiple different manufacturers and expects their product offerings to continue to increase.

Imperium is pleased to announce that one of its partners, Jonway Group, is developing an all new, mid-size Electric Pickup Terra-E truck. “This truck is similar in size to the popular Toyota Tacoma, Ford Ranger and Chevrolet Colorado trucks. The Terra-E truck is built on a modern and proven chassis with an excellent E-NCAP 4-star benchmark design. We plan to final assemble the trucks in the United States,” stated Rick Curtis, President of Imperium Motors.

This is Imperium’s second all new high-speed offering that will be available in the North American market (picture attached). The new Jonway Terra-E Truck model will be available with various drivetrain options for domestic and export markets. The Terra-E believes it offers best-in-class off-road capabilities and unrivalled toughness thanks to a strengthened chassis that is purportedly stronger than all its rivals, all with 17-inch tires.

Standard features include a multifunction steering wheel, leather seats, climate control and a 9-inch central infotainment display. Other modern conveniences like a 360º reverse camera, cruise control, automatic headlights, rain sensing wipers, keyless start and heated seats are also standard. The Terra-E has many safety features including an Anti-Lock Braking System with Electronic Brakeforce Distribution, Electronic Stability Control, Traction Control, Hill Start Assist and Emergency Brake Assist. A tire pressure monitoring system, four airbags and an electronic parking brake will also be included.

Terra-E expected range for the base model is well over two hundred miles. Higher range models will also be offered, and all will be competitively priced.

“We are one of the only companies worldwide that can offer so many affordable Electric Vehicle choices to the consumer. We expect the Terra-E truck to be available for purchase during the first quarter of 2021. With our expanded vehicle lineup, including both high speed and low speed varieties, we are generating significant interest. We expect delivery of many of the models to begin within the next few weeks,” said Bob Silzer, President and CEO of DSG Global.

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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Attachments

• DSG Global Inc
• DSG Global Inc

FAQ

What is the new Electric Pickup Terra-E by DSGT?

The Terra-E is a new Electric Pickup truck added to DSG Global's Imperium Motor Corp. lineup, providing consumers with a robust and capable electric vehicle option.

When will the Terra-E Electric Pickup be available for purchase?

The Terra-E Electric Pickup is anticipated to be available for purchase in the first quarter of 2021.

How far can the Terra-E Electric Pickup travel on a single charge?

The base model of the Terra-E Electric Pickup is expected to have a range of over 200 miles.

What features does the Terra-E Electric Pickup include?

Standard features of the Terra-E include leather seats, climate control, a 9-inch infotainment display, and various safety systems.

Who is manufacturing the Terra-E Electric Pickup?

The Terra-E Electric Pickup is being developed in partnership with Zhejiang Jonway Group, an established manufacturer in the Electric Vehicle industry.