DSG Global Announces Completed Design and Initial Sales of new PACER Golf Cart
DSG Global Inc. (OTCQB: DSGT) announced the completion of the design for its new PACER single rider golf carts, with deliveries set for early October. The initial shipment is expected to generate approximately $1,175,000 in annual revenue. Company President Bob Silzer highlighted that additional orders could bring projected revenue between $10 million and $15 million in 2021. Vantage Tag Systems, a subsidiary, continues to expand its fleet management technology across various golf courses, further enhancing the operational efficiency and customer satisfaction.
- Initial order of PACER golf carts expected to generate $1,175,000 in annual revenue.
- Projected sales revenue for PACER product between $10 million and $15 million for 2021.
- Expansion of fleet management technology at multiple golf courses, improving operational efficiency.
- None.
Surrey, British Columbia, Canada, Sept. 28, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTCQB: DSGT) (“DSGT”), and subsidiary Vantage Tag announced today that they completed the design of the new PACER single rider golf cartswith showroom PACER’S arriving in the east and west coast market in early October for immediate install.
The first two containers are currently being shipped and assigned to committed golf courses. This initial order should generate annual revenue of approximately
“Upon successful delivery and installation of the first containers, Vantage Tag expects many additional orders to be placed. The anticipated revenue for the expected sales of the PACER product should be between
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. 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/
Safe Harbor for Forward-Looking Statements
Forward-looking statements in this press release include statements relating to, among other things, the Company's ability to open its new customer facility and its ability to close and deliver on various purchase orders from customers, 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; our ability to deliver in a timely fashion and to our customers’ satisfaction the products purchased; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in existing and 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 Annual Report on Form 10-K for the fiscal year 2018 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.
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FAQ
What is the expected revenue from DSGT's initial order of PACER golf carts?
How much revenue is DSGT projecting for PACER product sales in 2021?
When will the PACER golf carts be delivered?
What technology does Vantage Tag Systems provide?
