InvestorNewsBreaks – DSG Global Inc. (DSGT) Secures ICON Capital Group as Financial Advisor to Pursue Strategic Spinout

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DSG Global (OTCQB: DSGT), a leading provider of global GPS, the fast-growing market for electric vehicles and new electric golf carts, announced today that it has retained ICON Capital Group as financial advisor and broker-dealer for a potential spin-off of its business has wholly owned subsidiary Imperium Motor Corp. According to the update, possible structures could include an IPO, a merger with an existing NASDAQ company, or a SPAC merger. “We are pleased to have engaged ICON Capital Group as our financial advisors to facilitate the transaction and place the company on the best path to unlocking shareholder value. We believe our story has been under-digested, under-appreciated and recognized in the market that our EV business needs to scale appropriately as a stand-alone company and therefore enjoy the publicity it deserves. Also, DSG’s Imperium Motor Company had significant additional costs incurred by DSG Global which are being taken off the books and require full repayment of all costs. With the recent legislative tailwind for EVs due to the Inflation Reduction Act just passed in the US, we believe this is the right time to make a concerted effort to ensure value for our shareholders and enable DSG management to to focus on our core GPS and golf cart businesses, both of which are experiencing tremendous growth,” said Bob Silzer, CEO of DSG Global. “These favorable market conditions and our unique business model within Imperium are truly differentiating and well-received as a standalone entity. As the exclusive North American distributor of high-quality electric vehicles, it requires significantly less capital than most public space electric vehicle companies, and financial resources can be directed to marketing and sales that generate immediate revenue. We intend to have the vehicles homologated and ready for delivery in the coming months.”

The full press release is available at https://ibn.fm/fxdDI

About DSG Global Inc.

DSG Global is an emerging global technology company with a number of interconnected businesses in some of the fastest growing market sectors. With roots in the golf industry where it specializes in fleet management with patented analytics, mobile touchscreen integration and electric golf carts under the Vantage Tag Systems (“VTS”) brand, the Company is moving fast with on-road electric vehicles for sale in the latest quarter 2022.

NOTE TO INVESTORS: The latest news and updates regarding DSGT are available in the company’s newsroom at https://ibn.fm/DSGT

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