Fleet Financing

DSG Global and Imperium Motors will start delivering electric vehicles in June and will be finalists for a € 18.3m / US $ 22m bus contract

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SURREY, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) – DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”) is pleased to announce the grand opening of the Experience Center in Fairfield, California. The tentatively scheduled grand opening (subject to COVID19 restrictions) will run from June 18 to June 19. During the grand opening, the public will be able to see several of the twenty-six (26) models sold by the company. Additionally, the company will begin accepting orders in person.

The company is also one of the few finalists for an order for one hundred (100) buses for the city of Kiev, Ukraine, valued at € 18.3 million / US $ 22 million. The application process for qualified bidders is no longer open and Imperium Motors has been selected as one of the few qualified candidates chosen from the bidders. It is expected that this contract will be awarded during the month of June.

“We are working with one of the largest bus manufacturers in the world to provide buses for this offering. We will provide product training and support, as well as parts and warranty support. We have funding in place for this project and full support from our production partners. Imperium will be the exclusive bidder of this manufacturer in the country of Ukraine on the other bids, ”said Rick Curtis, president of Imperium Motor Corp.

“Ukraine, with the help of the European Union, is working on modernizing its fleet of buses to more efficient vehicles and Imperium will be working on several additional offers in the very near future. We know this is only the first step in their modernization process and we are already preparing for additional offerings, ”continued Curtis.

“DSGT is stronger than ever, and we have a great opportunity to capitalize on the growing momentum across all of our operating divisions, both in the coming weeks and longer term, as we maintain our leadership position in the golf industry and are running our plans to develop a market-leading EV business, ”concluded Silzer.

About DSG Global

DSG Global is an emerging global technology company with a range of interconnected businesses in some of the fastest growing market sectors. With roots in the golf industry where it specializes in fleet management with patented analytics, a mobile touchscreen and electric golf carts under the Vantage Tag Systems (VTS) brand, the company is rapidly evolving with road-ready electric vehicles for sale in the first quarter of 2021 through its subsidiary Imperium Motor Company.

About Vantage Beacon Systems

Vantage Tag Systems (VTS) provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that enable remote management of the fleet of golf carts, turf equipment and utility vehicles of the course. Its customers use VTS’s unique technology to dramatically reduce operating costs, improve the efficiency and profitability of operating their fleet, increase safety and improve customer satisfaction. VTS has become a leader in the fleet management category in the golf industry, with their technology installed in more vehicles around the world. VTS is now plugging into several new revenue streams, through programmatic advertising, licensing and distribution, as well as expansion into commercial fleet management, single-seater PACER golf carts and agricultural applications. Additional information is available at http://vantage-tag.com/

About Imperium Motor Company

Imperium Motor Company (IMC) is an electric vehicle sales and marketing company that offers a wide variety of affordable vehicles equipped for the North American market with an emphasis on quality design, green spirit, performance and features. The vehicles will include high-speed, medium-speed and low-speed electric vehicles, including cars, trucks, SUVs, vans, buses and scooters. For more information on Imperium Motors’ product lines, please visit www.imperiummotorcompany.com.

Company contact:

Brokers and analysts:
Chesapeake Group
+ 1-410-825-3930
[email protected]

Safe Harbor for forward-looking statements

This press release contains forward-looking information. These forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans for the future. Readers are cautioned that relying on this information may not be appropriate for other purposes. Such forward-looking information may be identified by words such as “planned”, “proposed”, “expects”, “intends”, “may”, “will” and similar expressions. Forward-looking information contained or mentioned in this press release understands 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 meet its business goals. production and sales in general.

Forward-looking statements or information are based on a number of factors and assumptions which have been used in making such statements and information, but which may prove to be inaccurate. Although the company believes that the expectations reflected in such forward-looking statements or information are reasonable, one should not place undue reliance on forward-looking statements because the company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in this forward-looking information include, but are not limited to: negative cash flows and future funding requirements to support operations, dilution, historical limited operations and income and no earnings history. or dividends, competition, economic changes, delays in company expansion plans, regulatory changes, and the impact and risks associated with the ongoing COVID-19 pandemic, including the risk of disruption to business. company facilities or its supply and distribution channels. The forward-looking information contained in this press 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 headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual report on Form 10-K for fiscal 2019 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 commitment to update any forward-looking statements. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

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