Fairfield, California, June 29, 2021 (Global News Service)-Via InvestorWire-from DSG Global Inc. (OTC: DSGT) (“DSG” or “Company”) electric vehicle division Imperium Motor was founded less than two weeks ago. The company held the grand opening ceremony of its Imperium brand new electric vehicle experience center in Fairfield, California. The company today announced that it has signed a binding memorandum of understanding to acquire MTG, headquartered in Ontario, Canada. Inc..
MTG is a mature automobile import and export company in the United States, Canada and Mexico, with more than 25 years of experience and extensive commercial fleet and retail connections in the global automotive industry.
After completing the transaction subject to multiple conditions, MTG’s customer base and millions of dollars in monthly sales will be integrated into DSG’s new wholesale department, led by Michael Tersigni and Johnny Cooper, both of whom are outstanding automotive experts . Cooper previously established the same business model in the late 1990s, completing more than 12,000 car transactions and up to 321 million U.S. dollars in sales each year. His company was successfully sold to one of the largest auto auction groups in the world.
With the formation of DSG’s new department and management team, the company expects to see the dynamic results of its new business department shortly after the transaction is completed.
DSG’s strategy will increase cash flow through positive revenue, but also enhance the company’s electric vehicle business through the ability to provide Imperium customers with a unique buying experience. DSGW will be one of the only OEM EV companies that provide second-hand inventory and disposal of these devices, making it the preferred full-service provider of world-class EV products for fleet and consumer transportation.
It is planned to be completed in the third quarter of 2021. Subject to the completion of due diligence and the company’s successful listing on NASDAQ, the acquisition will enable the US-based DSG to immediately expand cross-border sales for new and later It will provide MTG’s current and future fleets and consumer channels with the powerful trade-in value of electric vehicles purchased from Imperium, as well as a large dealer base for Imperium Motors to create sales.
“We are acquiring a verified entity and the talent to build it,” said Bob Silzer, CEO of DSG Global. “The previous companies of MTG and Cooper have completed more than one billion U.S. dollars in sales. The opportunity before us is to maintain the excellent company they have established and use their sales and distribution channels to more easily increase our electric vehicle sales.”
“Every business proposition boils down to time, method and quantity,” he said. “Well, when is it now because we have SUVs, trucks, cars and other vehicles at the port or are about to arrive. Through this acquisition and the dealers we will work with, we explained how we can bring our products to the market. We Neither of the two manufacturing partners have problems in obtaining key computer chips, so there is no delay in delivery as some manufacturers have experienced. If we did not purchase MTG as a wholesale distribution network, it might become a related problem more or less.”
“Because of this opportunity, we really only have one very important question left, namely how much the Imperium brand will cost consumers. The answer is unexpectedly lower than many other electric vehicles. For example, the ET5 SUV is well-equipped and in most cases , The available incentives and tax credits are reduced by approximately $40,000,” Silzer concluded.
MTG’s successful leadership team, Michael Tersigni and Johnny Cooper, will remain in the company that is about to merge. They joined three very successful industry veterans, who also recently joined DSG Global. The team includes:
Vantage Tag Systems (VTS), another division of DSG Global, recently announced that its sales have grown steadily. Recently, 15 golf courses have chosen VTS to provide fleet management solutions for their electric golf cart fleets. The combined contract adds nearly $1 million in revenue to the installation and maintenance of the system.
DSG Global is an emerging global technology company with a series of interconnected businesses in some of the fastest-growing market sectors. The company is rooted in the golf industry and specializes in fleet management, providing patent analysis, mobile touch screen participation and electric golf carts under the Vantage Tag Systems (VTS) brand. The company is rapidly advancing road-ready electric vehicle sales through its Imperium in the first quarter of 2021. A subsidiary of Motor Company.
Imperium Motor Corp. (IMC) is an electric vehicle sales, manufacturer and marketing company that provides a variety of affordable vehicles to the North American market, with a focus on outstanding design, green concepts, performance and functions. Vehicles will include high-speed, medium-speed and low-speed electric vehicles, including cars, trucks, SUVs, vans, buses and scooters. For more information about the Imperium Motors product line, please visit www.imperiummotorcompany.com.
Vantage Tag Systems (VTS) provides patented electronic tracking systems and fleet management solutions for golf courses and other avenues, allowing remote management of golf carts, lawn equipment and utility vehicle fleets on the course. Its customers use VTS’s unique technology to significantly reduce operating costs, improve the efficiency and profitability of their fleet operations, improve safety and improve customer satisfaction. VTS has developed into a leader in the golf industry fleet management category, and its technology has been installed in vehicles worldwide. VTS is now expanding into several new sources of revenue through programmatic advertising, licensing and distribution, as well as expansion into commercial fleet management, PACER single golf carts and agricultural applications. For more information, please visit http://vantage-tag.com/.
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