BPROD DSG Global Inc

DSG Global Inc. Provides Business Update for the Third Quarter of 2019

DSG Global Inc. Provides Business Update for the Third Quarter of 2019

On track for rapid growth through new automotive division

Anticipates strong growth in golf division following new product introductions

Surrey, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) -- DSG GLOBAL INC. (OTC: DSGT), the world's leading provider of the patented GPS GOLF TAG Management System and on-course media system, today provided a business update for the third quarter of 2019 and other recent developments.

Bob Silzer, CEO of DSG Global, commented, “This has been a transformational period for the Company, as we recently launched our new automotive division following an exclusive cooperation agreement with Jonway to distribute their electric vehicles (EVs) in the United States, Canada, Mexico and Caribbean. We look forward to leveraging our years of fleet tracking experience in the golf and other industries by integrating our solutions into Jonway’s EVs. As a result, we can now offer a scalable and fully integrated fleet management solution that can be fully customized to meet the needs of customers ranging from small businesses to large enterprises. The reaction in the market has been extremely positive and we are in the process of completing the necessary licensing requirements and getting our San Francisco Bay Area EV Experience Center ready for viewing. The reaction in the market has been extremely positive and we are in the process of completing the necessary licensing requirements as well as signing up third-party distributors. We look forward to providing further updates in the weeks ahead.”

Mr. Silzer continued, “Within our golf business, we are in the final stages of testing our new product line up. These products include the first ever 12” steering column and 12” roof mount with all the accessories. As these new products come online, we expect to resume strong growth within the division, since we deliberately held back sales in the third quarter until these products were complete. In the meantime, demand for the INFINITY HD 12” systems remains robust and we are installing the system at new courses around the world. We are also in the process of developing and launching a new 3G-4G Tag. Overall, we remain extremely encouraged by the outlook for the business as we enter new markets, add new distributors, and continue to enhance our product offering.”

About VANTAGE TAG SYSTEMS INC (VTS)

Vantage Tag Systems provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Their clients use VTS's unique technology to significantly reduce operational costs, improve the efficiency plus profitability of their fleet operations, increase safety, and enhance customer satisfaction. VTS has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over vehicles worldwide. VTS is now aggressively branching into several new streams of revenue, through programmatic advertising, licensing and distribution, as well as expanding into Commercial Fleet Management, RAPTOR, a single rider golf cart and Agricultural applications.. Additional information is available at

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements in this press release include statements relating to the Company's corporate finance and other strategic initiatives, and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.

Contact:

Crescendo Communications, LLC

Tel: 212-671-1021

Email:

EN
19/11/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on DSG Global Inc

 PRESS RELEASE

DSG Global subsidiary Vantage Tag Systems announces significant roll o...

DSG Global subsidiary Vantage Tag Systems announces significant roll out of new Infinity GPS Fleet Management System at two signature 36-hole facilities. SURREY, BC, July 11, 2023 (GLOBE NEWSWIRE) -- Vantage Tag Systems a wholly owned subsidiary of DSG Global, Inc. (OTCQB: DSGT), is pleased to announce that two signature 36-hole facilities have selected the new Vantage Infinity as their GPS Fleet Management System. After thorough due diligence, Odessa Country Club in Texas, USA and Mijas Golf Club in Spain have selected the new Infinity 10” HD GPS Fleet management system for their divers...

 PRESS RELEASE

DSG Global subsidiary Vantage-Tag Systems signs industry veteran Kevin...

DSG Global subsidiary Vantage-Tag Systems signs industry veteran Kevin Boocock as Vice President Golf Car Operations as new products enter the market. SURREY, BC Canada., June 21, 2023 (GLOBE NEWSWIRE) -- Vantage Tag Systems, a wholly owned subsidiary of DSG Global [OTCQB:DSGT], is pleased to announce that industry veteran Kevin Boocock has joined the company as Vice President Golf Car Operations effective July 3, 2023. “I am just thrilled that an executive with Kevin’s pedigree shares our vision for the golf industry and agreed to join our team of industry professionals.” said Bob Sil...

 PRESS RELEASE

DSG Global triples Head Office space, sales, and operations to facilit...

DSG Global triples Head Office space, sales, and operations to facilitate Q3/Q4 growth and upcoming product launches, adding key personnel and leadership. SURREY, BC Canada, May 18, 2023 (GLOBE NEWSWIRE) -- DSG Global [OTCQB:DSGT] is pleased to announce expansion of the North American Head Office, sales and operations with a tripling of the square footage to facilitate the growth requirements of all the product lines in Q3 and beyond, signing a new three-year lease agreement for both administrative staff, engineering dept, warehouse in Surrey and a new lease for assembly facility for all ...

 PRESS RELEASE

Vantage-TAG continues rapid Q1 sales pace of industry leading GPS Flee...

Vantage-TAG continues rapid Q1 sales pace of industry leading GPS Fleet Management System adding $2 Million to existing order book of $14 Million. Industry leading Vantage-Tag Systems continues to introduce innovative solutions. SURREY, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) (“DSGT” or the “Company”), a wholly owned subsidiary of DSG Global announces sales to 20 prime courses so far in Q1 2023 representing $2 million in sales to bring the order book total to $16 million. The momentum from the PGA Show in January 2023 continues to accelerate w...

 PRESS RELEASE

Liteborne Motor Corporation Continues its Path to Product Delivery in ...

Liteborne Motor Corporation Continues its Path to Product Delivery in Q4/2023 SURREY, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is pleased announced today an update on progress made with LITEBORNE™ Motor Company (LMC), an EV sales and marketing company located in Detroit, MI that 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- speed, mid-speed, and low-speed electric vehicles including ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch