DSG
Global, Inc. (DSGT) Finalizes
USD$987,900
in Contracts
for Installation and Maintenance of Vantage Tag Systems' Fleet
Management Products in
Q2 at 15
Golf Courses in US and Singapore
Company
also adds over 150 new
EV
products to Fairfield
and Palmdale,
California locations
SURREY,
British Columbia, June
7, 2021 --
InvestorsHub NewsWire -- DSG
Global, Inc. (OTCQB: DSGT) ("DSGT" or the "Company") is pleased to
announce that
owners of
15 new golf
courses have selected DSG Global's Vantage Tag System as their
provider of fleet management solutions. The signed
contracts total USD$987,900
and provide an ongoing revenue stream from service and maintenance
agreements.
The
new
orders
include 1,040
total units of the VTS
Infinity,
Text
and Tag
Systems. Vantage Tag
will also be introducing the new Infinity 10" Display Screen within
the next 60
days,
which will
include updated software with enhanced features.
The
Company's
latest orders were
received during Q2 2021 and are in addition to orders previously
announced during the first quarter, which are more than 70%
installed.
Vantage Tag
Systems (VTS) 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.
The
Company
anticipates installations of the
Infinity, Text
and Tag
Systems to be
ongoing as
inventory arrives and
completed
this
summer at the golf
courses, which are located throughout the United States and in
Singapore.
"There
continues to be significant interest in our unique electronic
tracking and fleet management solutions as
golf
courses worldwide
recognize
the value of
our products. The
contracts include a fee for servicing and maintenance
which will
provide ongoing continuous monthly revenue. Once the new
Infinity screens are
available in
July, we anticipate orders to
accelerate
even
further," stated
Pat
Parenti,
senior
vice
president of global
sales
at Vantage Tag Systems. "Our sales growth is related
to being able to custom fit systems to the
courses' needs and budget and
by
adding seasoned
sales professionals on the East and West Coast, the Midwest and
southern regions
of the
U.S."
The
Company
has received
over 150 various
new
Imperium
EV electric
products including
the new T-Vans at the Experience Center
in Fairfield,
California.
A tentative grand opening (subject to COVID-19 restrictions) is
slated for June 18-19, 2021, where people can
see and drive many of the vehicles.
"The company
continues to break sales records in Vantage
Tag and
continued
progress with Imperium Motors automotive
division. Our backlog of installations at dozens of golf courses
and pre-orders and deliveries of electric vehicles will keep us
extremely busy this summer," observed Robert Silzer,
CEO
of DSG Global,
Inc.
About Imperium Motor Company
Imperium
Motor Corp. (IMC) is an EV sales, manufacturer and marketing
company that offers a wide variety of affordable vehicles equipped
for the North American market with emphasis on great design, a
green mindset, performance, and functionality. Vehicles will
include high speed, mid-speed, and low speed electric vehicles
including cars, trucks, SUVs, vans, buses
and
scooters. For additional information about Imperium Motors' product
lines, please visit www.imperiummotorcompany.com.
About DSG Global
DSG Global
is an emerging global technology company with an array of
interconnecting businesses in some of the fastest growing market
sectors. With roots in the golf industry,
in which it
specializes in fleet management with patented analytics, mobile
touch screen engagement and electric golf carts under the Vantage
Tag Systems (VTS) brand, the company is moving quickly with
road-ready electric vehicles for sale in the first quarter of 2021
through its Imperium Motor Company subsidiary.
About Vantage Tag Systems
Vantage Tag
Systems (VTS) 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. Its clients use VTS's unique
technology to significantly reduce operational costs, improve the
efficiency plus profitability of their fleet operations, 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 vehicles worldwide. VTS is
now branching into several new streams of revenue, through
programmatic advertising, licensing, and distribution, as well as
expanding into Commercial Fleet Management, PACER single rider golf
carts, and Agricultural applications. Additional information is
available at http://vantage-tag.com/
Company Contact:
Brokers and
Analysts:
Chesapeake
Group
+1-410-825-3930
info@chesapeakegp.com
Corporate
Communications:
InvestorBrandNetwork
(IBN)
Los
Angeles, California
www.InvestorBrandNetwork.com
310.299.1717
Office
Editor@InvestorBrandNetwork.com
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking information. Such
forward-looking statements or information are provided for the
purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate
for other purposes. Any such forward-looking information may be
identified by words such as "anticipated,"
"proposed,"
"expects,"
"intends,"
"may,"
"will" and similar expressions. Forward-looking information
contained or referred to in this news release includes
but is
not limited to the Company's ability to secure manufacturing
facilities and supply chains, the benefits the Company expects to
derive from existing and planned products, and the Company's
ability to achieve production and sales targets,
generally.
Forward-looking statements or information are based on
a number of
factors and assumptions which have been used to develop such
statements and information, but which may prove to be incorrect.
Although the Company believes that the expectations reflected in
such forward-looking statements or information are reasonable,
undue reliance should not be placed on forward-looking statements
because the Company can give no assurance that such expectations
will prove to be correct. Factors which could cause actual results
to differ materially from those described in such forward-looking
information include, but are not limited to: negative cash flow and
future financing requirements to sustain operations, dilution,
limited history of operations and revenues and no history of
earnings or dividends, competition, economic changes, delays in the
Company's expansion plans, regulatory changes, and the impact of
and risks associated with the ongoing COVID-19 pandemic including
the risk of disruption at the Company's facilities or in its supply
and distribution channels. The forward-looking information in this
news release reflects the current expectations, assumptions and/or
beliefs of the Company based on information currently available to
the Company.
Additional factors that could cause actual results to differ
materially from those anticipated by our forward-looking statements
are described under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in our Annual Report on Form 10-K for the fiscal year
2020
and our subsequent Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K, all filed with the Securities and Exchange
Commission. 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. The
forward-looking statements or information contained in this news
release are expressly qualified by this cautionary
statement.
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