TMCnet - World's Largest Communications and Technology Community



DSG Global Inc. Issues Letter to Shareholders
[January 10, 2018]

DSG Global Inc. Issues Letter to Shareholders

LOS ANGELES and VANCOUVER, British Columbia, January 10, 2018 /PRNewswire/ --

DSG Global Inc. (OTCQB: DSGT), the world's leading provider of the patented GPS golf tag management and on-course media system, issued a letter to shareholders with an update on 2017. "2017 posed numerous challenges to the company, both in terms of finance and the ability to grow. With very limited resources, we have now built a strong foundation of products that serve the golf market, established national and global distribution channels, and we continue to develop valuable intellectual property as we continue to look for opportunities in our efforts to continue to build company and shareholder value.

Over the past few weeks, we have taken steps to transform the company, from recruiting new executive personnel, developing new products, expanding our distribution, recapitalizing the company and remediating our company debt. We have retained a group of professionals to assist us in our business and corporate restructuring and should have some exciting news to release over the next couple of months as well.

In a few short weeks, I will be introducing you to additions to our executive management team consisting of proven business executives in the areas of marketing, sales, business development, finance, engineering and manufacturing. The company is establishing its foundation before committing to the human resources necessary to grow the company. Some of these new key executives will be accompanying me to the PGA Show in Orlando Florida at the end of this month, as well as investor presentations we are lining up in New York that will be held early February. We will be meeting with Investment Bankers that invest primarily in tech companies on NASDAQ and the NYSE. These quality investors usually look beyond the current company state with an eye on the opportunity, and the company has committed its resources to presenting to these quality investors our business opportunity that we believe our products, our technology and our market focus on improving the glf industry. We are one of the only companies focusing exclusively on new and innovative technologies to be used in the sport of golf at the end user level and have adapted our technology into existing golf related products."

The company has also started identifying potential acquisitions of existing profitable companies, whose products and services complement our company and could help further grow our business, expanding our clientele and market reach in our core target markets. The competencies of these companies include U.S. manufacturing and metal fabrication, complimentary product offerings and golf marketing and sales groups focusing on private golf clubs, public courses, major recreation areas and the like. The company cannot guarantee that any of these potential transactions will come to fruition, but we are working hard to expand our in-house capabilities in order to serve the demand we believe we will face this year.

2017 was dedicated to building our initial foundation of products, restructuring the company for the future, and the development of a strong business model that we believe will move the company forward quickly and bring value to all involved. 2018 is the year of execution and I am dedicated to make this a successful company.

Bob Silzer, CEO, "I want to sincerely thank all of you who have and continue to support the company for taking the time to understand the value proposition we as a company offer to the markets, and I look forward to continuing to provide transparency and shareholder updates to you aside from required disclosures and press releases."

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.

DSG Global Inc.
Investor Relations

SOURCE DSG Global Inc.

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy