DSG Global Small Cap Research Report

Investment and Company Research Opportunity Research TRADE ALERT www.goldmanresearch.com Copyright © Goldman Small Cap Research, 2021 Page 4 of 8 WHY NOW? We have elected to publish this Trade Alert as we believe that a unique trading opportunity exists. Still, we believe that the intermediate-to-long term opportunity is very strong as well, and worth consideration beyond short term trading. Management has fulfilled 70% of its $1.1M in signed contracts as of March 2021, which bodes well for business going forward. It should be noted that these orders were largely for e-bikes and a series of new vehicles will become available for purchase and procurement in the coming weeks and months, including trucks, cars, vans, and commercials buses. Upcoming Milestones • Concurrent with the planned up-listing, which we believe will occur during June, the Company plans to raise $15 million through an underwritten offering to provide sufficient capital to rapidly execute on the multitude of growth opportunities available. • Imperium has scheduled the Grand Opening of the Experience Center in Fairfield, CA. The event will run from June 18-19. At the Grand Opening the audience will be able to view many of the twenty-six (26) models the company sells. Additionally, the company will begin accepting in-person orders. • The company is also one of the few finalists for a 100-bus order for the city of Kiev, Ukraine valued at 18.3 Million Euro/$22 Million. Imperium Motors was selected as one of the few qualified applicants chosen from the bidders. It is anticipated this contract will be awarded during the month of June. Clearly, these milestone events could have a very favorable impact on DSGT’s shares pre-up-list, as news and event-driven stocks tend to rise ahead of expected milestones. A number of EV stocks, like DSGT have hit the skids of late and have bounced from recent year lows. Interestingly, peers such the ones listed below also view 2021 as an infrastructure and first stage sales-building year, which is similar to how we view DSGT. Moreover, 2022 is widely viewed to produce hockey-stick type sales growth for the industry and the Company. RISK FACTORS In our view, the Company’s biggest risk is related to execution, i.e., its go-to market strategy on social media and other branding and digital marketing converting into sales. Given the reliance on foreign manufacturing in China and the subsequent shipping, delays in fulfillment are to be expected and are often the norm for the industry. In addition, the timing and magnitude of the sales ramp may be muted due to a re-emergence of the COVID-19 pandemic. Last, competitive risks include lower pricing by competitors, more effective sales/marketing, and greater functionality or comfort in competing vehicles. The aforementioned risks could come from larger competitors, existing firms, or new entrants. Still, these future concerns are consistent with firms of DSGT’s size and standing. Moreover, we believe that DSGT’s seasoned management team is prepared to overcome these hurdles and generate significant top-line growth and consistent social media management implementations.