DSG Global (OTCQB: DSGT) today announced an update on progress made with LITEBORNE(TM) Motor Company (“LMC”). An electric vehicle (“EV”) sales and marketing company located in Detroit, Michigan, LMC offers a wide variety of affordable vehicles equipped for the North American market with emphasis on great design, a green mindset, performance and functionality. Vehicles include high-, mid- and low-speed EVs including cars, trucks, SUVs, vans, buses, and scooters. Headed by CEO Alan Wagner, an icon in the automotive and transportation industry, LMC holds exclusive rights to distribute the innovative Skywell Automotive Group lineup of EVs in the North American market. LMC is progressing as planned on the homologation roadmap and continues to strengthen its operational processes, marketing and dealer acquisition as it moves to complete the spinout from DSG Global. Post funding, LITEBORNE will be a private company with 70% owned by current parent, DSG Global. “I am very pleased with the progress we are making with LMC,” said DSG CEO Bob Silzer. “Wagner and his team are a say what they do and do what they say group of professionals and I am pleased and proud to work with them.”
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About DSG Global Inc.
DSG Global was founded over 12 years ago by the team that was one of the original pioneers of the GPS golf fleet management industry. The company has two distinct brands to deliver on the explosive opportunities in the LSV (low-speed electric vehicle) and HSV (high-speed electric vehicle) markets. LITEBORNE(TM) Motor Company will address the HSV market with the new Aurium SEV (sport electric vehicle) currently completing the homologation process for release in Q3/23, and many other vehicles in the pipeline including buses and commercial vehicles. The LSV market will be supported and expanded by the established Vantage Tag Systems brand, building on a 10-year track record of innovation in the marketspace. Vantage Tag Systems offers a comprehensive product lineup of GPS Fleet Management integrated carts for golf operators, to the legendary Shelby golf and multi-passenger carts and Shelby e-bikes for consumers and designated golf communities. In January 2023, the industry will get its first look at a true revolution in fleet carts with the debut of the SR1 single rider golf cart.
NOTE TO INVESTORS: The latest news and updates relating to DSGT are available in the company’s newsroom at https://ibn.fm/DSGT
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