Surrey, British Columbia, Dec. 20, 2018 (GLOBE NEWSWIRE) -- VANTAGE TAG SYSTEMS INC. (a division of DSG Global Inc.) (DSGT), the world's leading provider of the patented GPS Golf TAG Management System and on-course media system, announces its cumulative sales pipeline. While the company has contracted with a total of thirty three courses, installing over 2000 units in 2018, the number is expected to grow substantially during 2019.
“The company is currently in advanced negotiations with an additional thirty-seven golf courses, contributing approximately $5 million in up front revenues and $3.0 million in additional recurring revenues over the term of the contract. The courses are located throughout North America, Europe, Asia and Australia. The company continues to generate ongoing opportunities on a weekly basis and is presently in the process of hiring four sales personal in North America”, said Patrick Parenti, Sr V.P. Sales.
“Our growth rate and potential opportunities are as strong now as any point in our corporate history. Since the release of our INFINITY brand products and our 3G-4G TAG, we are receiving unparalleled interest from the golfing community. We are confident in our ability to close the majority of the sales in the pipeline during the coming months and continue to generate other opportunities. We are creating interest from courses on a global scale. Other possibilities in additional industries and increasing demand for our golf carts will also grow our revenues during 2019,” said Bob Silzer, CEO DSG Global.
VANTAGE TAG SYSTEMS (VTS) manufactures and markets a range of proprietary technology solutions, specifically tailored to golf course operations. Learn more about VANTAGE TAG SYSTEMS at http://www.vantage-tag.com. The new web site is under development for next short while.
About VANTAGE TAG SYSTEMS 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 VTS 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 8,000 vehicles on more than 250 courses worldwide. VANTAGE TAG SYSTEMS is now aggressively branching into several new streams of revenue, through programmatic advertising, licensing and distribution. VANTAGE TAG SYSTEMS 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.
CONTACT INFORMATION
Contact
Investor Relations
VANTAGE TAG SYSTEMS Inc.
+1-877-589-8806
Brokers and Analysts
Chesapeake Group
+1-410-825-3930
info@chesapeakegp.com