NetworkNewsBreaks – DSG Global Inc. (DSGT) Issue
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Posted On: 08/23/2021 4:04:38 PM
NetworkNewsBreaks – DSG Global Inc. (DSGT) Issues Wholesale Importer Sales Update Towards Achieving Large-Scale Distribution
DSG Global (OTCQB: DSGT) today announced significant sales in less than two months after its electric vehicle division, Imperium Motor Company, entered into a binding memorandum of understanding for the acquisition of Ontario, Canada-based MTG Inc. A large-scale North American vehicle wholesale operation, MTG is well-established with over 25 years of experience and extensive commercial fleet and retail connections throughout the global automotive industry. Michael Tersigni and Johnny Cooper, both preeminent automotive specialists, lead the new wholesale division of DSG Global. DSG’s strategy is to increase cash flow with positive revenue and enhance its EV business with the ability to offer a unique buying experience to Imperium clients. MTG’s vehicle acquisition experience is now more important than ever with the industry seeing some of the worst supply levels in over 60 years. “We have all heard about the ‘chip’ issue that is affecting most every vehicle manufacturer during the current COVID pandemic; this is not just a supply issue on the new car side but also puts stress on the pre-owned supply of vehicles that dealers are depending on to compensate for lack of new vehicles available,” said Bob Silzer, CEO of DSG Global. “The demand is currently stronger than any time in recent history for a good supply of new or late model vehicles.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
DSG Global (OTCQB: DSGT) today announced significant sales in less than two months after its electric vehicle division, Imperium Motor Company, entered into a binding memorandum of understanding for the acquisition of Ontario, Canada-based MTG Inc. A large-scale North American vehicle wholesale operation, MTG is well-established with over 25 years of experience and extensive commercial fleet and retail connections throughout the global automotive industry. Michael Tersigni and Johnny Cooper, both preeminent automotive specialists, lead the new wholesale division of DSG Global. DSG’s strategy is to increase cash flow with positive revenue and enhance its EV business with the ability to offer a unique buying experience to Imperium clients. MTG’s vehicle acquisition experience is now more important than ever with the industry seeing some of the worst supply levels in over 60 years. “We have all heard about the ‘chip’ issue that is affecting most every vehicle manufacturer during the current COVID pandemic; this is not just a supply issue on the new car side but also puts stress on the pre-owned supply of vehicles that dealers are depending on to compensate for lack of new vehicles available,” said Bob Silzer, CEO of DSG Global. “The demand is currently stronger than any time in recent history for a good supply of new or late model vehicles.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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