Announces plans to begin marketing electric vehicles to municipalities, national fleets and dealers following exclusive agreement with Jonway Group
Strategy to integrate TAG Systems with EVs for advanced fleet management
Surrey, British Columbia, Oct. 08, 2019 (GLOBE NEWSWIRE) -- DSG GLOBAL INC. (OTC: DSGT), the world's leading provider of the patented GPS Golf TAG Management System and on-course media system, today announced formation of a new automotive subsidiary following its exclusive cooperation agreement with Zhejiang Jonway Group Co., Ltd. (“Jonway Group”), a leading manufacturer of electric vehicles (EV) in China. The Company also nnounced it has appointed Mr. Rick Curtis as president of the new Automotive Division.
Bob Silzer, CEO of DSG Global, commented, “We are pleased to announce formation of this new automotive division given the favorable industry response to our recent exclusive cooperation agreement with Jonway to distribute their EVs in the United States, Canada, Mexico and Caribbean. Importantly, by integrating our advanced fleet management capabilities, we plan to offer customers an advanced and fully integrated offering that addresses the critical need to track fleet assets. In addition to tracking, we plan to roll out a comprehensive offering to enhance the communication and efficiencies of these fleets. Moreover, combining Jonway’s vast manufacturing capabilities with our advanced and cost-effective fleet management software, we believe this division will rapidly contribute to our revenue and profitability.”
“We are honored to welcome Rick Curtis as president of this newly formed automotive division. Rick brings 40 years of senior automotive management experience in retail, wholesale, distribution and final manufacturing, including an extensive background in the EV market. He also brings broad relationships with municipalities, national fleets and dealers across North America. With Rick’s support, we look forward to aggressively penetrating this multi-billion-dollar market with a unique and fully integrated offering. I would also like thank Rick for his invaluable assistance in establishing this relationship with Jonway, which we believe will be a transformative event for the Company.”
Mr. Curtis, further noted, “There is enormous pent up demand for an effective one-stop solution that combines first-in-class vehicle tracking with high quality and low-cost electric vehicles. DSG’s unique offering is easily transferable and an ideal solution for the transportation, logistics, and fleet management markets. We look forward to aggressively rolling out this new offering in the months ahead.”
Prior to joining DSG Global, Mr. Curtis and his business partner bought the Coda EV Automotive assets out of bankruptcy and re-established US manufacturing and set up parts, service and sales support nationwide. They later sold the remaining assets to Mullen Technologies where he took the position of President. He also brought the company a large vehicle import business in Mexico that grew to tens of millions of dollars in revenue, His latest project was bringing the Qiantu K-50 Electric Sports Car for North American distribution. Prior to Mullen Technologies, Mr. Curtis served as a turnaround specialist for Lithia Automotive group in 3 western states. He also served as Director of Electric Vehicles for the largest privately-owned dealer group in San Francisco Bay Area. They became the top volume EV sellers for Nissan Leaf, Fiat 500 EV and Chevrolet Volt in the USA at the time. He brings extensive import and export sales experience in Asia, Africa, Europe and other markets worldwide. Mr. Curtis was a graduate of General Motors University of Automotive Management. He has also served as a guest speaker for the United States Department of Commerce on EVs and was a consultant to several EV companies, including the largest producer of EVs in the world at the time.
ABOUT JONWAY GROUP
Jonway is a leading producer of automotive, motorcycle and OEM parts in China. Jonway Automobile has ISO 9000 manufacturing facilities, certified for EV manufacturing, and engineering, sales and customer services facilities in China. Jonway has production capacity of up to 50,000 vehicles per year, over 1 million square feet of factory space, and over 65 acres of land with an established sales distribution network in China. Jonway is well known for their quality manufacturing and is an OEM manufacturer for various well-known companies. For many years they have built high speed vehicles, low speed vehicles, off road vehicles and motorcycles for the Chinese and international markets. Jonway has the ability supply CKD, SKD and CBU vehicles or motorcycles. They also provide millions of parts for various manufactures around the world.
About VANTAGE TAG SYSTEMS INC (VTS)
Vantage Tag Systems provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Their clients use VTS's unique technology to significantly reduce operational costs, improve the efficiency plus profitability of their fleet operations, increase safety, and enhance customer satisfaction. VTS has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over 15,000 vehicles worldwide. VTS is now aggressively branching into several new streams of revenue, through programmatic advertising, licensing and distribution, as well as expanding into Commercial Fleet Management, and Agricultural applications. DSGT is also expanding into commercial fleet management with the RAPTOR, a single rider golf cart. Additional information is available at http://www.vantage-tag.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements in this press release include statements relating to the Company's corporate finance and other strategic initiatives, and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
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