DSGT Global Strengthens Supply Chain through Addition of Logistics and Service Center in West Sacramento

Rhea-AI Summary

DSG Global, Inc. (OTCQB: DSGT) announces the opening of a new Logistics and Service Center in West Sacramento, enhancing its operational capacity. This facility will support the growing demand for its electric vehicles, including High and Low Speed Vehicles, Golf Carts, e-Bikes, and Scooters. CEO Bob Silzer emphasizes the strategic importance of the center in strengthening their supply chain and preparing for a planned NASDAQ uplisting, alongside raising $15 million for expansion in 2021.

Positive

• Opening of a new Logistics and Service Center in West Sacramento to meet increasing demand.
• Enhanced display space at the Experience Center for showcasing electric vehicles.
• Strategic location improves supply chain efficiency and operational footprint on the West Coast.
• Plans to raise $15 million for expansion, indicating strong growth potential.

Negative

• None.

SURREY, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is pleased to announce its Imperium Motor Corp. division is opening a Logistics and Service Center in West Sacramento, located approximately 40 miles from the Company’s Experience Center in Fairfield, California.

“Our experience center has been busy with activity,” commented Rick Curtis, President of Imperium Motor Corp. “Growing interest in our High and Low Speed Vehicles as well as our Pacer Golf Carts, e-Bikes and Scooters requires more space to store our expanding inventories that is soon to arrive. Adding a conveniently located logistics and service center will provide us more available display space at our Experience Center. The new facility, a conveniently located warehouse in West Sacramento which we were very fortunate to find in this active real estate market, gives us the capacity to store a large amount of units and parts inside with ample outside vehicle parking areas. We also have room for loading and unloading containers and vehicle shipments in a central location. As a bonus, it has a nice shop area that will provide our techs more space for assembly and warranty work.”

DSGT’s Experience Center will be the real benefactor and will now have more available space to display our High and Low Speed Vehicles as well as or e-Bikes and Scooters in preparation for our Grand Opening which date will soon be announced. This also allows consumers and dealer candidates to see and drive any of the Company’s newly delivered electric low and high-speed vehicles.

“We are building a formidable foundation on the West Coast,” added Bob Silzer, CEO of DSGT. “An ideally located logistics and service center, combined with the recent addition of our Assembly and R&D facility in nearby Palmdale, California, provide us solid operational footprint in a key market centrally located to a wealth of opportunities. Our strengthened supply chain and constantly improving infrastructure should enable us to generate strong sales in the quarters ahead, and I look forward to sharing more details on other exciting projects and orders in the coming weeks as we continue preparing for our up listing to NASDAQ and to raise $15m to execute on its expansion plan in 2021.”

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 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.

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:

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 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: 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.

FAQ

What is the significance of the new Logistics and Service Center for DSGT?

The new center will accommodate the growing inventory for DSGT's electric vehicles and improve logistics, enhancing operational efficiency and customer service.

How will the new facility affect DSGT's Experience Center?

The facility will provide additional display space at the Experience Center, allowing more inventory to be showcased and enabling test drives of newly delivered vehicles.

When does DSGT plan to uplist to NASDAQ?

DSGT is preparing for an uplisting to NASDAQ, indicating a focus on expanding its market presence and credibility.

How much funding is DSGT planning to raise for its expansion?

DSGT aims to raise $15 million to support its expansion plans in 2021.

What types of vehicles does DSGT offer through Imperium Motor Company?

DSGT, through Imperium Motor Company, offers a variety of electric vehicles including high speed, mid-speed, and low speed vehicles, along with scooters.