DSG Global (OTCQB: DSGT) recently entered into a binding memorandum of understanding to acquire MTG Inc., an Ontario-based established automotive import/export company that operates in Canada, the United States and Mexico. MTG has extensive commercial fleet and retail connections throughout the global automotive industry. According to DSGT, the acquisition should be complete sometime in the third quarter of 2021, subject to several conditions. Once finalized, MTG’s customer base and multimillion monthly sales will be integrated into a new division — DSG Wholesale Division (“DSGW”). “The company noted that the MTG acquisition allows it to immediately expand cross-border sales for both new and late-model vehicles,” a recent article reads. “DSG anticipates the division will see impressive results soon after closing and plans to increase cash flow with positive revenue as well as enhance its own EV business by offering a unique buying experience to Imperium clients. DSGW will be one of the only OEM EV companies offering to take used inventory and dispose of the units, making it the go-to full-service provider of world-class EV products for fleet and consumer transportation.”
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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 through its Imperium Motor Company subsidiary. For more information, visit www.Vantage-Tag.com and www.ImperiumMotorCompany.com.
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