SURREY, British Columbia, Feb. 09, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") announced today that its subsidiary, Imperium Motor Corp., has signed a contract with Rumble Motors for the world rights to its Rover and Rumble Air e-bikes (electric bikes). Rumble Motors is a Swedish-American electric vehicle company that offers numerous models starting with the Rover e-Bike, now at an introductory price of $1,850, to the Rumble Air, priced at $3450.00, both of which are available on our web site and at our Experience Center located in Fairfield California.
The e-bikes are designed for urban commuting and recreational riding. Watch overview video:
Rumble Air - (imperiummotorcompany.com)
RJ Khademi, CEO of Rumble Motors, commented: “I am excited about this new partnership. DSG Global and Imperium Motors are the perfect partners for us, as they have deep experience in the electric vehicle (EV) space. We are in the early stages of a major roll-out of our e-bikes in North America. Our bikes have been praised by users from all over the world and, in fact, they are currently being featured on HBO's hit show Westworld, which is a testimony to the quality of our e-bikes and their mass appeal.”
The global e-bike market size is estimated to grow to $70 billion by 2027 from its current size of $41.1 billion. An estimated 130 million e-bikes are expected to be sold over the next two years globally. The US imported approximately 600,000 e-bikes in 2020, according to the Light Electric Vehicle Association, and their analysts expect that number will grow substantially in 2021.
Rick Curtis, President of Imperium Motors, said, “Lithium-ion battery technology has led to exponential growth in the market for e-bikes, particularly in US cities where there is a major focus on reducing emissions and reducing traffic congestion. Rumble Motors’ sleek, futuristic design and unique features that meld the past with the future should drive strong demand. We are prepared to deploy the full weight of our resources to drive sales.”
Bob Silzer, CEO of DSG Global, commented, “With the fast-growing e-bike market in the US, we are well positioned to set up distribution and dealerships for the Rumble Motors product line. I am confident that we will begin to generate sales quickly as we ramp the roll out of their e-bikes.”
About Imperium Motor Company
Imperium Motor Company (IMC) is an EV sales and marketing company with strategic distribution agreements in place that offer a wide variety of affordable vehicles equipped for the North American and other markets with emphasis on great design, a green mindset, performance, and functionality. Vehicles will include high 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:
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 “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 anticipated demand for Rumble e-bikes, the anticipated performance of the e-bike market in 2021, the Company’s ability to establish distributors or dealers for Rumble products, and any stated, implied or inferred benefit which the Company may derive from any of the foregoing.
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 that 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 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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