Surrey, British Columbia, Nov. 16, 2018 (GLOBE NEWSWIRE) -- DSG GLOBAL INC. (DSGT), the world's leading provider of the patented GPS Golf TAG Management System and on-course media system, announces the company has formed a 100% wholly owned, subsidiary Vantage Tag. DSG Global, Inc. will remain the public company but will be rebranded under the new name for the majority of its products.
The new name better represents the Company’s strategic focus and long term vision. It will allow the company to accelerate expansion into other multibillion dollar markets. In conjunction with the rebranding efforts, the Company will continue to add new management, partners, and advisors with expertise in development, distribution, marketing and investor friendly financing that will help the existing team navigate strategic implementation of new initiatives.
“This will give the company a new look, a continually improving and expanding product lineup, a new website, and new technology platforms. The Vantage Tag brand will be a launching pad for significant future growth and the name better aligns with the functionality of our products. New opportunities will allow us to expand our target markets. Business is as strong as ever and this is the appropriate time to establish a new product channel with a new name. All stakeholders will directly benefit from the success of Vantage Tag as the sales will flow directly into the parent company, DSG Global,” commented Bob Silzer, CEO for DSG Global, Inc.
The company anticipates completing the transition to Vantage Tag during the current month.
DSG Global Inc. manufactures and markets a range of proprietary technology solutions specifically tailored to golf course operations. Learn more about DSGT at http://www.dsgtag.com.
About DSG Global Inc. DSG Global Inc. (DSGT) provides patented electronic tracking systems and fleet management solutions to golf courses that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Their clients use DSGT's unique technology to significantly reduce operational costs, increase safety, and enhance customer satisfaction. DSGT has grown to become a leader in the category of Fleet Management in the golf industry, with their technology installed in over 15,000 vehicles on more than 250 courses worldwide. DSGT is now aggressively branching into several new streams of revenue, through programmatic advertising, licensing and distribution. DSGT is also expanding into Commercial Fleet Management, and Agricultural applications.
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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