DSG Global Retains Icon Capital Group as Financial Advisor
DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”), a leader in global GPS, rapidly emerging Electric Vehicle market and new electric golf carts and is pleased to announce the company has retained ICON Capital Group to be the financial advisor and broker-dealer on a potential spinout of our wholly owned subsidiary Imperium Motor Corp.
The expectation is that DSG will remain a minority shareholder in the new entity and in addition, the Company intends to dividend out to the current shareholders of record (on a TBD record date) a portion of the shares in the new entity and ongoing annual dividends. By doing so, the new entity will have a unique, deep shareholder base, unlike many new listings trading on national exchanges. Management of Imperium will stay in place and a recruiting initiative for a North American automotive executive to head the public entity is underway.