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 http://vantage-tag.com/
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.
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