SURREY, British Columbia, March 08, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company"), through its Automotive division Imperium Motor Corp, is pleased to announce the launch of its new electric-powered T01 model trike, designed to follow in the steps of the Ford Model T and original VW Beetle, as the next phase of affordable transportation in North America.
E-trikes, electric-powered three-wheel vehicles with one front wheel and two rear wheels, are extremely popular modes of transportation for personal use and work throughout the world. Easy to build and extremely affordable, e-trikes first gained traction in Japan and India. There are currently about 1.5 million e-trikes on the road today in India, and China is not far behind with over 1.35 million e-trikes in use. E-trikes are now commonly used in many other markets around the world.
Imperium’s new T01 has an excellent list of features, including seating for three, sunroof, back-up camera, alloy wheels, stereo, and more. The T01 e-trike has a MSRP price of $3,990 plus destination charge.
“We are pleased to bring out the next phase of ultra-affordable transportation in North America,” said Rick Curtis, President of Imperium. “The T01 is equipped right and can operate for pennies a day. They are easy to drive and easy to own and an especially well-suited option for inexpensive transportation and delivery services. Our first order of three containers of T01 e-trikes is already completely sold out and we will be ordering additional units."
“This is another important step toward realizing our vision of supplying clean energy vehicles to the North American market,” said Bob Silzer, CEO of DSGT. “This is a huge potential market opportunity, and we believe this modern-design model will be a winner. Priced less than many e-bikes on the market today, it is a great fit to meet the transportation needs of potentially millions of consumers.”
About DSG Global
DSG Global is an emerging global technology company with an array of interconnecting businesses in some of the fastest growing market sectors. With roots in the golf industry in which it specializes in fleet management with patented analytics, mobile touch screen engagement and electric golf carts under the Vantage Tag Systems (VTS) brand, the company is moving quickly with road-ready electric vehicles for sale in the first quarter of 2021 through its Imperium Motor Company subsidiary.
About Vantage Tag Systems
Vantage Tag Systems (VTS) 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/
About Imperium Motor Company
Imperium Motor Company (IMC) is an EV sales 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. For additional information about Imperium Motors' product lines, please visit www.imperiummotorcompany.com.
Company Contact:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
Brokers and Analysts:
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipated", "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking information contained or referred to in this news release includes 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 achieve production and sales targets, generally.
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Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are described 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 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 undertaking to update forward-looking statements. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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