Announces new projects totaling $640,000 over the next 30 days
Sales force expansion underway to meet growing demand
Surrey, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) -- DSG GLOBAL INC. (DSGT), the world's leading provider of the patented GPS Golf TAG Management System and on-course media system, today provided an update on purchase orders and installations of its INFINITY screens. As a result of recent purchase orders, the Company expects to generate over $640,000 in sales across Europe, Singapore, Spain, Guam, New Zealand and Australia over the next 30 days. DSG also plans to expand its operations, sales, marketing and engineering teams to keep pace with market demand.
“The interest in the INFINITY suite of products continues to grow as purchase orders from around the world continue to accelerate. We expect our revenue to significantly increase in 2019 as a result of the demand for the new INFINITY XL,” said Pat Parenti, Sr. VP Sales for DSG Global Inc.
Bob Silzer, CEO DSG Global, further noted, “I am pleased to report we are expanding our sales force, as well as enhancing our internal operations, in order to address the growing global demand for our products. Overall, we have built a highly scalable business model with significant earnings potential as we continue to grow revenue. For this reason, we are taking steps to enhance our capital structure that we believe will help position DSG for listing on a U.S. stock exchange later this year.”
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. Additional information is available at http://www.dsgtag.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.
Contact:
Crescendo Communications, LLC
Tel: 212-671-1021
Email: dsgt@crescendo-ir.com