Hot news sparked a stock surge for DSG Global (DSGT)

DSG Global, Inc. (OTCQB:DSGT) stock was up 55.64% to $1.29 at yesterday’s close after the company’s management has appointed industry veteran William J. Rex as president of the Imperium Motor Company division responsible for electric buses and motor homes.

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Mr. Rex founded Rexhall Industries Inc., a once publicly traded production company for recreational vehicles and a distributor of buses, coaches, and chassis imported from Asia. He has been involved in the manufacture and sale of recreational vehicles and buses since 1987. He was also the president of Thor West, a subsidiary of Thor Industries that made shuttle buses, and the publicly traded BYD Coach & Bus president.

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The time to bring premium quality automobiles to the market is right, so Bill joins Imperium at the perfect moment. With his extensive experience in all aspects of the motor home and bus business, Rick will be a crucial figure in expanding Imperium Motor’s footprint in the US EV industry, said Rick Curtis, president of Imperium Motor Corporation.

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More than 7,838,403 shares have changed hands for DSGT in the last month, representing a 338.78% surge. The stock gained over 1022.72% over three months, while avg volume was 4.21 million. The company saw a 51.32% gain in stock price during the past 12 months, hitting a high of $1.05 during the period.

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