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DSG Global, Inc. (DSGT) Finalizes USD$987,900 in Contracts for Installation and Maintenance of Vantage Tag Systems’ Fleet Management Products in Q2 at 15 Golf Courses in US and Singapore
June 7, 2021

DSG Global, Inc. (DSGT) Finalizes USD$987,900 in Contracts for Installation and Maintenance of Vantage Tag Systems’ Fleet Management Products in Q2 at 15 Golf Courses in US and Singapore

SURREY, British Columbia, June 07, 2021 (GLOBE NEWSWIRE) — via Investor Wire – DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”) is pleased to announce that owners of 15 new golf courses have selected DSG Global’s Vantage Tag System (VTS) as their provider of fleet management solutions. The signed contracts total USD$987,900 and provide an ongoing revenue stream from service and maintenance agreements.

The new orders include 1,040 total units of the VTS Infinity, Text and Tag Systems. Vantage Tag will also be introducing the new Infinity 10-inch Display Screen within the next 60 days, which will include updated software with enhanced features. The Company’s latest orders were received during Q2 2021 and are in addition to orders previously announced during the first quarter, which are more than 70% installed.

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.

The Company anticipates installations of the Infinity, Text and Tag Systems to be ongoing as inventory arrives and completed this summer at the golf courses, which are located throughout the United States and in Singapore.

“There continues to be significant interest in our unique electronic tracking and fleet management solutions as golf courses worldwide recognize the value of our products. The contracts include a fee for servicing and maintenance which will provide ongoing continuous monthly revenue. Once the new Infinity screens are available in July, we anticipate orders to accelerate even further,” stated Pat Parenti, senior vice president of global sales at Vantage Tag Systems. “Our sales growth is related to being able to custom fit systems to the courses’ needs and budget and by adding seasoned sales professionals on the East and West Coast, the Midwest and southern regions of the U.S.”

The Company has received over 150 various new Imperium EV electric products including the new T-Vans at the Experience Center in Fairfield, California. A tentative grand opening (subject to COVID-19 restrictions) is slated for June 18-19, 2021, where people can see and drive many of the vehicles.

“The company continues to break sales records in Vantage Tag and continued progress with Imperium Motors automotive division. Our backlog of installations at dozens of golf courses and pre-orders and deliveries of electric vehicles will keep us extremely busy this summer,” observed Robert Silzer, CEO of DSG Global, Inc.

About Imperium Motor Company

Imperium Motor Corp. (IMC) is an EV sales, manufacturer 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.

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/

Company Contact:

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

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

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.

Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors which could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: negative cash flow and future financing requirements to sustain operations, dilution, limited history of operations and revenues and no history of earnings or dividends, competition, economic changes, delays in the Company’s expansion plans, regulatory changes, and the impact of and risks associated with the ongoing COVID-19 pandemic including the risk of disruption at the Company’s facilities or in its supply and distribution channels. The forward-looking information in this news 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 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 2020 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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