Reports progress on key corporate initiatives
Surrey, British Columbia, July 18, 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 an update on strategic activities and announced that its subsidiary, Vantage Tag Systems (VTS), was selected by Alenda Golf in Monforte del Cid, Alicante in Spain to install its TAG TEXT System on Alenda Golf’s entire fleet of forty five golf carts.
“In addition to our sales and marketing activities, we have made progress on a number of key corporate initiatives that we believe set the stage for a listing on a senior national exchange. Firstly, we are now current in all our financial reporting. While this process took longer than anticipated, we believe we now have the financial and operational infrastructure to support our long-term growth plans. Additionally, we have consolidated our convertible debt with a single lender, which we believe will help streamline our balance sheet and provide us much greater financial flexibility to support our growth initiatives going forward. Our manufacturing partner and engineering team have received first samples of our new 10.2” INFINITY roof mount with all the same features as the INFINITY 12”. Finally, we are well underway with a number of potentially transformational business development initiatives to significantly broaden our market reach. We look forward to providing further updates as soon as possible.”
Bob Silzer, CEO of DSG Global, noted, “We are also pleased to report our latest expansion into Alenda Golf, a premier destination for golfers worldwide in Alicante, Spain. Alenda Golf adopted our TAG TEXT systems for their entire fleet of golf carts, which is further validation of our technology and the positive feedback from clubs across Europe, due to the fact our system provides a superior experience for golfers and a very attractive return on capital for the course operator through enhanced fleet management. Through our TAG TEXT suite of products, every important aspect of golf management is improved through our technology, including real-time tracking, pace-of-play, course and restricted zone warnings, automated full fleet messaging, custom clubhouse messaging, protection of sensitive areas, as well as theft and vandalism protection. Overall, the Vantage Tag Systems new suite of INFINITY HD products are rapidly becoming the industry gold standard, as illustrated by our rapid expansion among the leading courses around the world and we look forward to providing additional updates on new markets.”
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. Their clients use VTS's unique technology to significantly reduce operational costs, 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 15,000 vehicles worldwide. VTS is now aggressively branching into several new streams of revenue, through programmatic advertising, licensing and distribution, as well as expanding into Commercial Fleet Management, and Agricultural applications. DSGT is also expanding into commercial fleet management with the RAPTOR, a single rider golf car, and the 100E fully loaded Mullen golf cars, 2 and 4 seaters. 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
