DSG Global Inc (DSGT)

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$5++ and NASDAQ !! Mark my words and hold your shares. Only Strong hands will make thousands of Dollars in the coming days.

DSG Global Announces $1.2 million in New Sales and Begins Final Preparations for Up-list to Nasdaq Stock Market and Concurrent Capital Raise to Fund Accelerated Growth

SURREY, British Columbia, April 22, 2021 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is pleased to announce approximately $1.2 million in combined sales across its EV and golf divisions in the first two weeks of April 2021. New sales include three containers of Rumble and Rover e-bikes totaling more than $900,000 and a further $255,000 in Vantage Tag sales to golf courses in Maryland, Wisconsin, and Ontario.

“We are thrilled to report an extremely strong start to the second quarter, nearly surpassing our total first quarter revenue in just the first two weeks of the second quarter. While this is certainly an impressive start to the quarter, we believe revenue growth will dramatically accelerate as the sales pipelines for both our EV and golf businesses continue to expand,” commented Bob Silzer, CEO of DSGT. “The more than $900,000 in new e-bike orders in the first two weeks of the second quarter are a great indication of the pent-up consumer demand for this innovative transportation solution, and while we are excited about the long-term sales potential of our e-bike lines, I believe this will ultimately be dwarfed by other products in our expanding EV line-up, including our Skywell Bus and Terra Truck products.”

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.

Imperium Motors plans to host a webinar on April 28 to introduce its e-bike models to the public as well as bike retailers across North America.

“As we continue to prepare for accelerated growth in the weeks and months ahead, we are moving full speed ahead on our application to up-list to the Nasdaq Stock Market. Concurrently with our planned up-listing, we intend to raise USD $15 million through an underwritten offering to provide sufficient capital to rapidly execute on the multitude of growth opportunities available. Accordingly, in support of these plans, we filed a registration statement on Form S-1 and preliminary 14C with the US Securities and Exchange Commission today, setting in motion our up-listing application and capital raise,” continued Silzer. With the robust pipeline of opportunities in the works currently, I am confident the market will begin to value DSGT more appropriately, which ultimately rewards all of our shareholders.”

“While electric vehicles are growing in popularity worldwide, there are also two other trends that will impact consumer decisions. The first is price point, with affordable vehicles gaining in popularity, and the second is distance that can be traveled prior to needing to recharge. We are fortunate to not only have one of the most diversified range of vehicles available in the electric vehicle industry, but we are less expensive than most of our competitors,” added Rick Curtis, President of Imperium Motors. “We continue to invest in expanding our product line-up, ensuring that whether we are selling to an off-road enthusiast, a city commuter, or a discerning municipality, we likely have the ideal vehicle for their needs.”

“DSGT is stronger than ever, and we have a great opportunity to build on the growing momentum across all of our operating divisions, both in the immediate weeks ahead and longer-term as we maintain our leadership position in the golf industry and execute on our plans for building a market-leading EV business,” concluded Silzer.
https://ca.finance.yahoo.com/news/dsg-global-announces-1-2-130000457.html