Surrey, British Columbia, May 02, 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 and reported on its expansion activities across the Asia Pacific region. The Company announced it has deployed its new INFINITY XL suite of products at the Marina Bay Golf Club in Singapore; the Millbrook Country Club and Delta Discovery in New Zealand; as well as the Kooyongo Country Club and Royal Adelaide Golf Club in Australia.
The Company also reported it is making progress towards filing its annual report on Form 10-K, which is expected to be filed with the Securities and Exchange Commission within two weeks.
Bob Silzer, CEO of DSG Global, noted, “I am pleased to report we are rapidly gaining traction across Asia, as these latest five courses are among the premier golf clubs in the region. Importantly, we have initiated a major outreach initiative through our sales department and the feedback from clubs across the region has been extremely positive, due to the fact our system provides a significantly enhanced experience for golfers and provides the clubs a very attractive return on capital through enhanced fleet management. In addition, we are rapidly expanding across other major markets around the world and look forward to providing updates on these specific markets, as well as new sales and marketing initiatives underway in the days and weeks ahead.”
Patrick Parenti Sr. VP Sales, commented, “The interest we have witnessed across the Asia Pacific region for our first-of-its-kind GPS INFINITY XL high tech system has been quite significant, and we are ramping up our efforts to capitalize on this growing demand.”
Mr. Silzer further noted, “Given our plans to up list to a national exchange, we made the decision to change our auditor, as previously announced. Although this has delayed our reporting, we expect to file our Form 10-K within the next two weeks. As recently announced, we generated very strong year-over-year growth for the fourth quarter and 2018, which reflects the strong uptake within the marketplace. We are also making progress towards simplifying our capital structure, which we believe will help unlock significant value for shareholders. Overall, we are extremely encouraged by the outlook for the business and will keep our shareholders informed as further developments unfold.”
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.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.
Contact:
Crescendo Communications, LLC
Tel: 212-671-1021
Email: dsgt@crescendo-ir.com