Welcome to our dedicated page for Dsg Global news (Ticker: DSGT), a resource for investors and traders seeking the latest updates and insights on Dsg Global stock.
DSG Global Inc. (DSGT) delivers innovative fleet management solutions and sustainable electric vehicles through its Vantage Tag Systems brand. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives in high-growth technology sectors.
Access official press releases covering product developments, operational milestones, and market expansions. Our curated feed includes updates on patented analytics systems, golf industry fleet solutions, and emerging EV projects – all essential for understanding DSGT's position in green transportation technologies.
Key focus areas include corporate announcements, partnership developments, and financial updates. Bookmark this page for direct access to primary source materials that matter for informed decision-making in evolving tech markets.
DSG Global, Inc. (OTCQB: DSGT) announced Q4 and fiscal 2020 financial results, highlighting a significant cash increase to $1.4 million from $25,494 in 2019. Total assets rose to $2.1 million, while total liabilities decreased to $2.9 million from $8.7 million. Revenue fell to $900,482, down from $1,399,420 due to COVID-19 impacts, but gross profit margins improved to 54.5%. Operating losses increased to $5,069,696, largely due to expansion costs. The company continues to develop partnerships in the automotive sector and expand its electric vehicle lineup.
DSG Global, Inc. (OTCQB: DSGT) has partnered with Auto Supermall, Ltd. to serve as its exclusive Retail Sub Distributor in Mexico and a Commercial Sub Distributor in Mexico and Canada. The dealership has ordered 24 Jonway vehicles and will sell Imperium's new ET5 SUV and other electric models. With 53 years of combined experience, Auto Supermall's leadership brings a strong network and sales potential in North America. The partnership aims to expand vehicle representation in Latin America, enhancing DSGT's market presence.
DSG Global (OTCQB: DSGT) has announced the arrival of 28 vehicles from its lineup, including electric models like the Urbee series and Jonway scooters. Additionally, 223 more vehicles are in production. The company plans to expand its market presence through a dealer network and direct-to-consumer sales. DSGT emphasizes affordability and extended range capabilities, with its ET5 SUV able to travel up to 520 km on a single charge. The company is also in the process of securing assembly facilities in the U.S. for production.
DSG Global, Inc. (OTCQB: DSGT) announces the revocation of the Cease Trade Order by the British Columbia Securities Commission (BCSC) on January 15, 2021, allowing its shares to resume trading. This follows the company's submission of required disclosures related to its electric vehicle division and the PACER line of golf carts. CEO Bob Silzer expressed enthusiasm about focusing on the business model with the CTO lifted, indicating progress in product refinement and supply chain management as they prepare for product launches in 2021.
DSG Global, Inc. (OTCQB: DSGT) has retracted previous sales forecasts for its electric vehicle (EV) and golf divisions due to manufacturing, shipping, and administrative delays linked to COVID-19. The company will not revise its revenue projections until these conditions normalize. Despite securing orders for 75 low speed electric vehicles valued at $299,250, the actual sales realization remains uncertain. The golf division has similarly delayed its PACER golf cart launch while establishing North American manufacturing. The company plans to provide updated sales projections once definitive arrangements are secured.
DSG Global, Inc. (OTCQB: DSGT) has announced its partnership with GreenBox POS, enabling its subsidiaries, Imperium Motor Corp. and Vantage-Tag Systems, to accept cryptocurrencies for various payments. This partnership allows transactions for products including electric vehicles, golf carts, and GPS systems, enhancing payment flexibility for customers. GreenBox's blockchain technology provides a secure and efficient payment solution, with the global electric vehicle market expected to grow significantly from $11.9 billion in 2017 to $56 billion by 2025.
DSG Global, Inc. (OTCQB: DSGT) has secured global rights to Rumble Motors' Rover and Rumble Air e-bikes through its subsidiary, Imperium Motor Corp. The Rover e-bike is priced at $1,850, while the Rumble Air is priced at $3,450. The e-bikes target urban commuting and recreational use. The global e-bike market is projected to grow from $41.1 billion to $70 billion by 2027, with 130 million units expected to be sold within two years. The partnership aims to leverage the growing demand for e-bikes as consumer focus shifts towards reducing emissions.
DSG Global, Inc. (OTCQB: DSGT) is negotiating to open multiple electric vehicle (EV) manufacturing and assembly facilities in the U.S. The first facility is proposed in Olympia, Washington, leveraging job creation and quality assurance for EV production. The company aims to establish partnerships with dealerships nationwide and is also exploring a location in the Midwest. The collaborations with the Nisqually Indian Tribe may offer strategic advantages, including tax incentives and potential government contracts through the GSA program.
DSG Global, Inc. (OTCQB: DSGT) announced that the National Highway Traffic Safety Administration assigned World Manufacturer Identifier numbers 7PG and 1Z9 for Imperium Motors’ electric vehicle products. With these identifiers, domestically manufactured EVs can be marketed as 'Made in USA.' The announcement comes shortly after President Biden's 'Buy American' executive order aimed at replacing the government’s vehicle fleet with US-assembled EVs. The global EV market is projected to grow from $11.9 billion in 2017 to $56.7 billion by 2025.
DSG Global Inc. (OTCQB: DSGT) announced an upgrade to its fleet management products for Peninsula Sanitation Service, which serves Stanford University. The upgraded Tag Systems will enhance fleet tracking and operational efficiency. Patrick Parenti, Vice President of National Sales, highlighted the potential for expansion into various sectors such as military and agriculture, emphasizing the demand for their products. The upgrade represents an important step in showcasing the company's capabilities in fleet management technology.
