DSG Global’s New Single Rider Golf Car Orders and Upcoming Installations Should Have Revenue Impact of Over $15M Annually
Surrey, British Columbia, Canada, Sept. 01, 2020 (GLOBE NEWSWIRE) — DSG Global Inc. (OTCQB: DSGT) (“DSGT”), a technology development company engaged in the design, manufacture, sales and leasing of GPS tracking devices, interfaces for golf and electric vehicles and related support services announced today the completion of an exclusive distribution rights agreement with the manufacturer for the single rider PACER electric golf cart.
The company will begin by delivering two containers (approximately seventy carts) in October with a continuous order flow expected to be placed during the remainder of the year.
All PACER’s come equipped with Vantage 4G Tag and the majority will be outfitted with the INFINITY, generating cash flow through the programmatic advertising program.
“Additionally, the company has continued to install new products on various golf courses throughout the world. Vantage Tag will complete its first installation in Japan during September. Installations for thirteen courses for the Infinity, Text and Tag Systems are also currently taking place at other facilities including: two in Virginia, two in Wisconsin, two in California, two in Indiana, one in Massachusetts and four in Spain and Ireland. The upgraded and brand new 4G LTE Tag has also arrived and will be part of all these installations. All courses are finance approved and will also pay service and support fees monthly. This is an exciting time for Vantage Tag Systems,” stated Patrick Parenti, Vice President, global sales.
“While many are excited about other aspects of our business, the golf business continues to accelerate. The interest and sales for the company remain at all-time highs. Golf is one of the few athletic endeavors that fully complies with current COVID restrictions and the new functionality of our products are in high demand,” stated Bob Silzer, President and CEO DSG Global.
DSGT is a global technology company with roots in the golf industry specializing in fleet management, mobile touch screen engagement, and electric vehicles. With seasoned leadership, a new branding team partnership, numerous technology patents, global golf course revenue generating opportunities, contracts and exclusive distribution rights with leading EV manufacturers, and dealers in place for Imperium EV sales and distribution, DSGT is poised for growth in 2020 and beyond in some of the fastest growing market sectors globally. Please visit www.vantage-tag.com for pictures and additional information.
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. Its 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 branching into several new streams of revenue, through programmatic advertising, licensing and distribution, as well as expanding into Commercial Fleet Management, PACER single rider golf carts, and Agricultural applications. Additional information is available at http://vantage-tag.com/
Safe Harbor for Forward-Looking Statements
Forward-looking statements in this press release include statements relating to, among other things, the Company’s ability to open its new customer facility and its ability to close and deliver on various purchase orders from customers, 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; our ability to deliver in a timely fashion and to our customers’ satisfaction the products purchased; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in existing and 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 Annual Report on Form 10-K for the fiscal year 2018 and our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all filed with the Securities and Exchange Commission. 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.
