SURREY, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) — DSG Global Inc. (OTCQB: DSGT) (“DSGT”), via subsidiary Imperium Motors, receives its department of motor vehicle dealer license number to begin sales of vehicles in California and Nationwide.
In order for the Company to obtain the dealer authorization number and license the inspector had to inspect and approve:
- The main business location where business would be conducted
- All books and records pertinent to the business
- The display area or showroom. The showroom of the principal place of business is required to be of sufficient size to physically accommodate the vehicles for which the dealership is licensed to sell and the display area must be clearly for the exclusive use of the dealer for display
- Signs to make sure they are a permanent nature, erected on the exterior of the office and display area and painted and maintained to withstand reasonable climatic effects
Additionally, a principal at the dealership was required to have taken and passed a DMV-approved Dealer Training Class, a DMV Dealer Test and get a Dealer Bond.
Imperium Motors can now officially sell vehicles. The Company anticipates Electric Vehicle sales in excess of $40 million in revenue in 2021 throughout the US as well as other countries in the western hemisphere.
The Imperium ® EV Experience Center, located at 4670 Central Way, Suite D Fairfield, CA 94534 is between two of the largest EV markets in California, which are currently responsible for approximately 50% of the United States EV sales. The Experience Center features the various models of new Electric Cars, Trucks, Vans, SUVS, Buses, and Scooters arriving from the Company’s manufacturers.
Imperium Motors recent strategic partner Skywell, is an established leader in the electric vehicle industry, owning many automobile and bus manufacturing companies. Skywell’s products cover 3.6-18 m series of new energy EV Buses, passenger cars and passenger vehicles, which are widely sold in many countries and regions in Southeast Asia and widely used in public transport, tourism, commuting and leasing and other markets.
The Company’s exclusive manufacturing partner, Jonway is a leading supplier of affordable electric vehicles in Asia and Europe and soon in North America. Jonway Group is a PRC-based company that has already sold over 100,000 electric transportation units in United States.
“Our next phase will be to receive our WMI or World Manufacturing Identifier number that will allow us to final assemble or completely build vehicles in the United States. We have already applied for and expect our WMI number soon. This dealership license is essential to sell our affordable vehicles equipped for the United States market with emphasis on great design, a green mindset, performance, and functionality,” commented Rick Curtis, President, Imperium Motor Company.
For information on Imperium Motor’s Product line, please visit https://www.imperiummotorcompany.com/
About Imperium Motor Company Imperium Motor Company is a new EV distribution 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.
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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