DSG Global Inc (OTCMKTS: DSGT) is making a speculator move up in recent days skyrocketing off its $0.01 base to recent highs near $0.30. The stock has become a volume leader and has quickly attracted legions of shareholders who continue to bid the stock higher. DSGT was recently trading for well over $1 and there has been little dilution since then.
Penny Stock speculators are accumulating DSGT as the Company already has patented “EV” vehicles in place and trades for pennies while others in the EV sector trade for billions and still don’t have a finished product. DSGT is currently averaging a little over $100k a quarter in sales from its fleet management solutions but this could grow exponentially as they start selling EV vehicles. According to Rick Curtis, DSGT President; “We are excited to finally be entering the electric vehicle space. While it has taken more time than anticipated to become operational, the company will be selling hundreds of vehicles each month. The first orders for the Low Speed Electric Vehicles is being prepared for release with the manufacturer.”
DSG Global Inc (OTCMKTS: DSGT) subsidiary Vantage Tag Systems is a global leader in the design, manufacture, and marketing of fleet management solutions for the golf industry, as well as commercial, government and military applications. The company has developed the TAG suite of products that represents a major breakthrough as the first completely modular fleet management solution for the golf industry. Vantage Tag Systems suite of products is currently sold and installed around the world in golf facilities and commercial applications through a network of established distributors and partnerships with some of the most notable brands in fleet and equipment manufacture. The Company owns a number of patents related to its technology and products. For a full list of DSG products go here.
DSG Global is expanding the PACER single rider golf cart program. Recent developments now allow the company to enter the worldwide market with the PACER through its sales and distributor program. Vantage Tag now has an agreement for worldwide distribution for the new in demand Pacer. The company is still targeting several thousand of these vehicles to be leased/sold and in the program designed for revenue share with the golf course. A program that guarantees an increase in the PACE OF PLAY and generate revenues for the golf course at the same time. Additionally, a number of product upgrades are forthcoming. The new 4G Tag is complete and available for sale/lease now. The first ever 12” INFINITY HD roof mount will also be available during next month. DSGT recently said it will be announcing a new expanded lineup of vehicles soon to arrive. Due to recent growth and expansion, the company has recently moved into new facilities. The complex, still located in Surrey, includes warehousing, larger engineering space and more office space with all parties in one complex.
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On August 24 DSGT announced that the Company, along with its subsidiary Imperium Motor Co. executed an LOI relating to a proposed joint venture of Imperium and EV Express®. According to the LOI the Companies will create a business model with increasing recurring revenue, a diversified customer base, and significant global reach and should result in the creation of a family of EV fast charging products and electric vehicles software and technology with comprehensive products and services capabilities. EV Express® is a proven technology with charging stations currently in use and a grant for more stations already approved. It is expected that hundreds of additional stations will be installed in California and other states in the near future. The developer of the technology, Dr. Lloyd Tran, is a former scientist for NASA and is working on the development of additional battery technologies.
“This is a powerful combination that is strategically compelling for both companies. It joins two electric vehicle businesses and allows the combined company to reach larger market opportunities and scale more efficiently than either organization could accomplish on its own. The joint venture will permit Electric Vehicles to travel much further on a single charge than current technology will allow. California is being hit hard by wildfires now which is a direct result of climate change and another important reason to consider driving an Electric Vehicle to reduce your Carbon Footprint. Many of our EV’s can be equipped with an inverter in order to help power your home in the event of an electrical outage. This can make a real difference in keeping your lights on and refrigerator running in the case of an emergency” said Rick Curtis, President Imperium Motor Company.
While many penny stock companies have billions of shares DSGT has just 29.9 million and according to DSGT management “there would be no more dilution” in January and it seems they have kept their word. According to OTCMarkets Group there are just 29,879,296 shares outstanding in DSGT and many of these are restricted.
DSGT operates in the booming “EV” market .. According to a report published in June by ResearchAndMarkets.com titled the “Electric Cars Global Market Report 2020-30: COVID-19 Growth and Change””The global electric cars market is expected to decline from $533.4 billion in 2019 to 515.8 billion in 2020 at a compound annual growth rate (CAGR) of -3.31%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $1150.7 billion in 2023 at CAGR of 30.67%. The growth is mainly because of their low cost, low maintenance, less carbon emission, convenient charging, less noise from the engine, higher fuel costs, and most importantly being environmentally friendly.”
Microcapdaily reported on DSGT this past Friday morning when it was $0.04 but the article did not get much exposure.
— Alexander Delarge 655321 (@AlexDelarge6553) August 22, 2020
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Currently moving up the charts
Currently moving northbound in a hurry DSGT is fully reporting OTCQB having recently up-listed from a lower exchange. DSG Global is a really exciting story developing in small caps; the Company recently entered the booming EV space with its PACER, Single Rider Golf Carts* its Raptor single rider and the 100e Golf Cart; a hi-tech premium ride built for both serious and casual golfers. According to Rick Curtis, DSGT President; “We are excited to finally be entering the electric vehicle space. While it has taken more time than anticipated to become operational, the company will be selling hundreds of vehicles each month.” DSGT is already averaging a little over $100k a quarter in sales from its fleet management solutions but this could grow exponentially as they start selling EV vehicles. DSGT has a remarkably low float; according to OTCMarkets Group there are just 29,879,296 shares outstanding in DSGT and many of these are restricted. While DSGT is little known the EV space is so hot many in the sector trade for billions and still don’t have a finished product. We will be updating on DSGT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DSGT.
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Disclosure: we hold no position in DSGT either long or short and we have not been compensated for this article.