SURREY, British Columbia and LOS ANGELES, February 2, 2017 /PRNewswire/ --
DSG GLOBAL INC. (OTCQB: DSGT), best known for its advanced GPS TAG System for golf fleet management, announced today it has successfully introduced a revolutionary new product at the recent PGA Merchandising Show: a three wheeled solo-rider vehicle branded "RAPT'R". During the PGA Show, the company booked orders for more than 100 of the unique vehicles.
"We knew there would be interest in our solo rider RAPT'R, but the enthusiasm at the PGA Show surpassed our high expectations and bodes very well for sales of this product," commented Bob Silzer, DSG Global President and CEO. "Naturally we have a ready-market with our existing customers, but sales into new golf courses are going to be substantial, and in very short order. The RAPT'R makes play faster and more fun, while also showcasing the efficiencies of our Tag fleet management system."
The RAPT'R speed up the pace of play on a typical Par-72 course by approximately45 minutes per round, allowing courses additional tee times each day. Based on sales commitments from the recent PGA Show, and the anticipated interest at the Golf Industry Show next week, the company expects revenues to ramp significantly in the near term.
DSG Global Inc. manufactures and markets a range of proprietary technology solutions specifically tailored to golf course operations. Learn more about DSGT at http://www.dsgtag.com
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.
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.
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SOURCE DSG Global Inc.