DSG GLOBAL INC - DSGT STOCK NEWS

DSG Global, Inc. (OTCQB: DSGT) announces strong results from the Montreal Electric Vehicle Show held April 22-24, 2022. Their all-electric SUV, SEV, garnered significant interest, leading to 172 refundable reservations totaling approximately $7.7M CAD, a 40% increase compared to the last event in September 2021. Currently, DSGT has 1,385 total SEV reservations. The company also showcased its electric transit bus, attracting interest from municipal representatives. President Christian Dubois expressed enthusiasm for upcoming events, like the Quebec City show starting May 13.

DSG Global (OTCQB: DSGT) has announced progress in the homologation of its Electric Sport Utility Vehicle (SEV) at PMG Technologies in Canada. The company is working to ensure compliance with Motor Vehicle Safety Standards, overseen by vehicle safety consultant Russel Rieger. Delays caused by COVID-19, supply chain issues, and transport challenges have affected the timeline. However, DSGT expects to conform to safety standards by late Q3 2022, paving the way for deliveries shortly after. The SEV will debut at electric vehicle shows in Montreal and Quebec City.

DSG Global (OTCQB: DSGT) announced an initial order of 750 Vantage golf carts from Green Vehicles Australia (GVA), valued over $4.2 million. GVA has been appointed as a distributor for DSGT's golf carts in Australia, New Zealand, and the Pacific Nations, with the first batch of 106 carts set to ship soon. This partnership positions DSGT to capture a significant share of the growing golf cart market, reinforced by innovative product features such as a 7-year warranty and advanced battery technology, which may drive future orders.

DSG Global, Inc. (OTCQB: DSGT) reported robust financial results for 2021, featuring a revenue surge of 132.4% to $2,092,819 from $900,482 in 2020. Q4 2021 also showcased significant growth, with revenues jumping 144% to $712,495. Gross profit for the full year rose 100% to $982,121. Despite these gains, the company faced an increased net loss of $6,384,655 from $6,177,099 in the previous year. Operational highlights include the hiring of industry veteran Christian Dubois and expansion in the dealer network.

DSG Global, Inc. (OTCQB: DSGT) reported significant progress in its Shelby Golf cart sales, surpassing $1,000,000 within the first two months of production, exceeding expectations by over 50%. The company is moving to a new 100,000 sq. ft. facility in Milpitas, CA to accommodate increased demand, planning to introduce a selective dealer network. With strong international interest from countries including Vietnam and the UK, DSGT aims to expand its global reach. Additionally, sales of the Vantage Tag systems doubled in 2021, with expectations of continued growth in 2022.

DSG Global, Inc. (OTCQB: DSGT) has announced the relocation of its Electric Vehicle Division, Imperium Motor Corp, to a larger facility in Milpitas, California, close to Silicon Valley. This new 100,000 square feet space will support the rollout of its Imperium SEV and the assembly of high-performance Shelby Golf Carts. The move aims to accommodate growing demand and enhance distribution and service support in the expanding electric vehicle market. DSGT aims to disrupt the stagnant golf cart industry with innovative products featuring advanced functionalities.

DSG Global, Inc. (OTCQB:DSGT) announced on February 23, 2022, the signing of a Memorandum of Understanding (MOU) to acquire Urban Group Finance (UGF), an Australian specialty finance company in the golf cart equipment industry. This acquisition aims to enhance DSG's distribution rights for Shelby golf carts and add the Ford brand to its portfolio. UGF has established contracts with US and UK markets, which could drive funding for DSG’s GPS fleet management system expansion. CEO Robert Silzer highlighted the strategic importance of this acquisition for market growth.

DSG Global (OTCQB:DSGT) has reported a strong start to 2022, booking 24 new orders for 1,626 Vantage Tag GPS Fleet Management System units, amounting to $2.273 million in new sales. This marks a 487% year-over-year growth compared to Q1 2021. The company is in late-stage discussions with multiple distributors and anticipates signing over 50 new dealers in the coming months. Additionally, initial orders for a new single-seater golf cart design targeting course marshals have commenced, further enhancing the company's market position.

DSG Global, Inc. (OTCQB:DSGT) showcased innovative golf cart designs and technology at the 2022 PGA Show in Orlando, attracting strong interest from potential partners and clients. The company received over 125 potential orders for its Shelby G.T. 500 and Shelby Cobra models, alongside commitments from distributors in 28 U.S. territories. CEO Robert Silzer noted significant engagement expected to bolster DSGT's market position. The golf cart market is poised for growth, projected to exceed $2.5 billion by 2026, indicating a promising outlook for DSGT's future expansion.