Duesenberg Issues Shares as Consideration for Licensing Rights
Penang, Malaysia--(Newsfile Corp. - April 12, 2023) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announces today that on April 5, 2023, the Company issued 14,814,815 shares of its common stock, representing 50% of the fee payable for the License Agreement the Company entered into on March 2, 2023, with Brightcliff Limited ("Brightcliff"). Brightcliff is considered to be a non-arm's-length party, as Mr. Lim Hun Beng, the Company's CEO, President and Director, is also...
2023-04-12 5:13 PM EDT
Duesenberg Acquires License Under Duesenberg Brand and Sublicenses to Duesenberg Korea
Penang, Malaysia--(Newsfile Corp. - March 20, 2023) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announces today that on March 2, 2023, the Company entered into a manufacturing, sales, servicing, merchandise, and license agreement (the "Agreement") with Brightcliff Limited ("Brightcliff"), who owns the Duesenberg trademark. This Agreement replaces the previous Cooperation Agreement signed on June 25, 2018 (please refer to the news release the Company issued on July 2, 2018).The Agreement gives the Company a...
2023-03-20 1:44 PM EDT
Duesenberg Finalizes Torpedo Prestige Sports Coupe Design
Penang, Malaysia--(Newsfile Corp. - February 1, 2023) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announces first details of the newly finalised "Torpedo" Prestige Sports Coupe design. Final design of the vehicle has been recently completed, featuring state of the art battery technology, an all-new bespoke platform offering a new form of sustainable body and a focus on bespoke manufacturing.Each vehicle is expected to be able to be fitted out in a completely bespoke...
2023-02-01 8:00 AM EST
Duesenberg Technologies Converts Debt to Shares
Penang, Malaysia--(Newsfile Corp. - January 9, 2023) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on December 28, 2022, the Company issued a total of 2,699,463 shares of its common stock (the "Shares") at a price of USD$0.11 per Share on conversion of $265,674 the Company owed to its Chief Strategy Officer, Mr. Brendan Norman, on account of monthly payroll, and a total of $31,267 the Company owed on account of third-party...
2023-01-09 3:16 PM EST
Duesenberg Technologies Closes Private Placement Financing
Penang, Malaysia--(Newsfile Corp. - October 13, 2022) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on October 13, 2022, the Company closed a private placement financing by issuing 6,458,333 shares of its common stock (the "Shares") at a price of USD$0.12 per Share for total proceeds of USD$775,000 (the "Financing"). The Shares were issued to Mr. Lim Hun Beng, the Company's CEO, President, and director, pursuant to the provisions of Regulation S...
2022-10-13 5:25 PM EDT
Infringements of the Duesenberg Trademark
Penang, Malaysia--(Newsfile Corp. - October 4, 2022) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on September 9, 2022, the Company had notified Brightcliff Ltd of infringements of the Duesenberg Trademark by E-Cite Motors Group.The latter has no legal rights to use the trademark Duesenberg, the Duesenberg emblem, Duesey trademark or any production rights to produce any Duesenberg vehicles. Trademark counsel for Brightcliff has issued a Cease and Desist notice to E-Cite...
2022-10-04 3:14 PM EDT
Duesenberg Technologies Closes Private Placement Financing and Appoints New Director
Penang, Malaysia--(Newsfile Corp. - August 1, 2022) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on July 28, 2022, the Company closed a private placement financing by issuing 2,142,857 shares of its common stock (the "Shares") at a price of USD$0.14 per Share for total proceeds of USD$300,000.00 (the "Financing"). The Shares were issued pursuant to the provisions of Regulation S of the United States Securities Act of 1933, as amended (the...
2022-08-01 1:01 PM EDT
Duesenberg Technologies Announces Results for AGM and Resignation of Director
Penang, Malaysia--(Newsfile Corp. - July 19, 2022) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today the results of its Annual General Meeting held on July 6, 2022 (the "Meeting"). At the Meeting, the shareholders voted on the following four proposals and cast their votes as described below.To elect five members of the Company's Board of Directors to hold office until the next annual meeting of shareholders or until their respective successors have...
2022-07-19 4:42 PM EDT
Duesenberg Technologies Enters Settlement Agreement and Issues Shares for Past Services
Penang, Malaysia--(Newsfile Corp. - May 20, 2022) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on May 5, 2022, the Company entered into debt settlement agreement with Veritas Consulting Group Inc., an arm's length contractor ("Veritas"), whom the Company engaged to provide consulting services under a 12-month consulting agreement formally entered into on June 22, 2021. The Company provided Veritas with a cancellation notice on September 30, 2021, however, at the time...
2022-05-20 4:27 PM EDT
Duesenberg Technologies Closes Private Placement Financing, Enters into Debt Settlement Agreements and Issues Shares for Services
Penang, Malaysia--(Newsfile Corp. - March 1, 2022) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on February 24, 2022, the Company closed a private placement financing by issuing 2,511,962 shares of its common stock (the "Shares") at a price of USD$0.20 per Share for total proceeds of USD$502,392.40 (the "Financing"). The Shares were issued pursuant to the provisions of Regulation S of the United States Securities Act of 1933, as amended (the...
2022-03-01 2:50 PM EST
Duesenberg Heritage LLC to Apply to Become a Low Volume Manufacturer for Duesenberg Legendary 1920 and 1930 Cars
Nevada, United States--(Newsfile Corp. - August 18, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, is excited to announce today that its subsidiary company; Duesenberg Heritage LLC, a Nevada incorporation would be applying to become a Low Volume Manufacturer in United States of America. Duesenberg Heritage LLC will reproduce very limited Duesenberg Heritage electric vehicles which were originally manufactured in the 1920s and 1930s; such as the Duesenberg Model J series.Duesenberg Heritage will pursue...
2021-08-18 2:13 PM EDT
Duesenberg Technologies Forms Duesenberg Heritage LLC for Production of the Legendary 1920 and 1930 Cars
Penang, Malaysia--(Newsfile Corp. - June 17, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that the Company had incorporated Duesenberg Heritage LLC for the sole purpose of reproducing very limited Duesenberg Heritage vehicles which were originally manufactured in the 1920s and 1930s; such as the Duesenberg Model J and Boat Tail series."The construction of the vehicles from that era is very time consuming and would require highly specialized and skilled tradesman. This...
2021-06-17 8:00 AM EDT
Duesenberg Technologies to Form a Strategic Committee to Consider Canadian Securities Exchange (CSE) Listing Application
Penang, Malaysia--(Newsfile Corp. - May 17, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, is pleased to announce that the Company will form a strategic committee to review and develop a capital markets strategy focused on Canada and Europe. As part of the review, the strategic committee is expected to consider an application to list the Company's common shares on Canadian Securities Exchange (the "CSE").This initiative is aimed to:expand the Company's international shareholder...
2021-05-17 9:00 AM EDT
Preview Information Regarding Duesenberg Grand Tourer with Chief Designer Chris Reitz
Penang, Malaysia--(Newsfile Corp. - April 22, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, is pleased to announce a preview of the upcoming Duesenberg Grand Tourer 'JL01', currently under early stage development, and completion of a private placement financing.Duesenberg Head Designer, Chris Reitz, talks about the Spirit and inspiration of the new Duesenberg Grand Tourer.
2021-04-22 8:00 AM EDT
Duesenberg Technologies Closes Private Placement Financing
Penang, Malaysia--(Newsfile Corp. - April 12, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on April 9, 2021, the Company closed a private placement financing by issuing 233,333 shares of its common stock (the "Shares") at a price of USD$0.75 per Share for total proceeds of USD$175,000 (the "Financing"). The shares were issued pursuant to the provisions of Regulation S of the United States Securities Act of 1933, as amended...
2021-04-12 8:00 AM EDT
Duesenberg Technologies Enters into Debt Settlement Agreements
Penang, Malaysia--(Newsfile Corp. - March 18, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, announced today that on March 9, 2021, the Company entered into debt settlement agreements with Mr. Lim Hun Beng, the Company's CEO, President and the majority shareholder, and Hampshire Avenue SDN BHD, the Company's major shareholder, (together referred here as the "Debt Holders"), to convert a total of $463,053 owed to the Debt Holders into 617,404 restricted common shares (the...
2021-03-18 4:30 PM EDT
Duesenberg Appoints New Directors
Penang, Malaysia--(Newsfile Corp. - February 8, 2021) - The Board of Directors of Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, is pleased to announce the appointment of Mr. Allen Chee Wai Hong and Mr. Carl Jürgen Barth to act as Directors of the Company.Mr. Chee Wai Hong was born in Malaysia and is currently a practicing Advocate & Solicitor there. Mr. Chee graduated with a law degree from University of London and obtained a Master's...
2021-02-08 8:00 AM EST
Duesenberg Appoints New Chief Technical Officer and Chief Strategy Officer
Penang, Malaysia--(Newsfile Corp. - February 1, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB listed issuer, is pleased to announce that on January 15, 2021, Duesenberg Inc.("Duesenberg NV"), wholly-owned subsidiary of Duesenberg Technologies Inc., entered into employment agreements (the "Agreements") with Mr. Brandan Norman, who has agreed to assume the position of Chief Strategy Officer with Duesenberg NV, and with Mr. Ian Thompson, who has agreed to assume the position of Chief Technical Officer with...
2021-02-01 8:00 AM EST
Duesenberg Technologies Inc Engages Think Ink Marketing
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, is pleased to announce that the Company engaged Think Ink Marketing Data & Email Services, Inc. ("Think Ink") to provide public relations services in an effort to increase public awareness of the Company and its products, services and securities. The agreement is for three months with either party having the right to terminate upon thirty-day notice.Think...
2021-01-26 11:16 PM EST
Duesenberg Returns to the Luxury Car Segment with Renowned Automotive Designer Christopher Reitz
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2021) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company" or "Duesenberg"), an OTCQB-listed issuer, is pleased to announce that on January 6, 2021, Duesenberg Inc. of Reno Nevada - a wholly owned subsidiary of Duesenberg Technologies Inc.- had signed a contract with Rocket Supreme, the Barcelona, Spain automotive design house established by renowned automotive designer, Christopher Reitz. Christopher is a member of the Porsche family and has headed up several design and...
2021-01-08 9:00 AM EST