DSG Global (OTCQB: DSGT), an emerging global technology company with an array of interconnecting businesses in rapidly growing market sectors, today announced its entry into a binding memorandum of understanding (“MOU”) for the acquisition of Ontario, Canada-based MTG Inc. This move comes less than two weeks after DSG Global’s electric vehicle division, Imperium Motor Company, held the grand opening of its Experience Center for new EVs under the Imperium brand in Fairfield, California. MTG, a well-established automotive import/export company in the U.S., Canada and Mexico, leverages over 25 years of experience and extensive commercial fleet and retail connections throughout the global automotive industry. According to the update, completion of the transaction, which is subject to several conditions, would see the integration of MTG’s customer base and multimillion-dollar monthly sales flow into a new wholesale division of DSG led by Michael Tersigni and Johnny Cooper, both preeminent automotive specialists. “We are acquiring a proven entity and the talent that built it,” said Bob Silzer, CEO of DSG Global. “MTG and Cooper’s previous company have completed well over a billion dollars in sales. The opportunities before us are to maintain the excellent company they have built and leverage their sales and distribution channels for growing our electric vehicle sales more expediently.”
To view the full press release, visit https://nnw.fm/xHNb9
About DSG Global Inc.
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. For more information, visit www.Vantage-Tag.com and www.ImperiumMotorCompany.com.
NOTE TO INVESTORS: The latest news and updates relating to DSGT are available in the company’s newsroom at https://nnw.fm/DSGT
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork