Company Showcased Disruptive New Designs and New Functionality, Spurring Tangible Engagement at Golf’s Biggest Annual Event
SURREY, British Columbia, Feb. 02, 2022 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB:DSGT) (“DSGT” or the “Company”), the name behind a wide range of vehicles, from Imperium Motor Corp’s luxury electric SUV’s, trucks, buses, and e-bikes, to the world’s most advanced GPS-based golf cart fleet management system and state-of-the-art disruptive golf cart designs, is pleased to report that the Company saw exceptional engagement from a range of new potential partners, distributors, clients, and customers at the 2022 PGA Show in Orlando last week.
At the event, the Company saw strong interest in its Shelby G.T. 500 4-Seater and Shelby Cobra 2-seater and successfully introduced its Vantage Pro Fleet Cart, Vantage 4-seater, Vantage Tour, and Vantage ‘Marshal’ designs, as well as its state-of-the-art fleet management technology and market leading functionality, to a highly engaged audience.
Shelby registered interest in over 125 potential orders from presentations to registrations on the www.acgolfcarts.com website, and Vantage tag interviewed potential distributors representing commitments in 28 territories in United States.
“We made tremendous strides last week at the most important annual event in the golf equipment world, with a big splash in both new cart designs and new innovative functionality,” commented DSGT CEO, Robert Silzer. “We expect to see a significant tangible impact for DSGT based on this show alone given the response we received, and we look forward to presenting specific details involving new orders and new clients over coming days.”
According to a recent research report from Mordor Intelligence, the golf cart market was valued at nearly $2 billion in 2020 and is expected to reach more than $2.5 billion by 2026, growing at a rapid pace exceeding 5% per year through at least 2026.
Based on its showing at this event, management believes the Company is poised for continued market share gains with the potential to penetrate the top-tier of the golf cart marketplace and challenge established sales leaders over coming quarters.
Details on new orders, contracts, and customers will follow shortly.
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 last 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 venues that allow for remote management of the course's fleet of golf carts, turf equipment and utility vehicles. Its clients use VTS' 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 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, PACERTM single rider golf carts, and agricultural applications.
Additional information is available at http://vantage-tag.com/
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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.
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