DSG Global Announces Over $2.27M in New Vantage GPS Golf Course Fleet Management Orders in January 2022
DSG Global (OTCQB:DSGT) has reported a strong start to 2022, booking 24 new orders for 1,626 Vantage Tag GPS Fleet Management System units, amounting to $2.273 million in new sales. This marks a 487% year-over-year growth compared to Q1 2021. The company is in late-stage discussions with multiple distributors and anticipates signing over 50 new dealers in the coming months. Additionally, initial orders for a new single-seater golf cart design targeting course marshals have commenced, further enhancing the company's market position.
- 24 new orders for 1,626 Vantage Tag GPS units booked, totaling $2.273 million.
- 487% year-over-year growth in locked-in sales compared to Q1 2021.
- In discussions to add Vantage Golf Cart lineup with 50 new dealers expected to be signed.
- Initial orders commenced for innovative single-seater Marshal Golf Cart.
- None.
The Company is also Working to Convert a Robust Golf Sales Pipeline and is in Talks with Multiple Major Distributors for Significant Additional Gains in Market Share
SURREY, British Columbia, Feb. 09, 2022 (GLOBE NEWSWIRE) -- DSG Global, Inc. (OTCQB:DSGT) (“DSGT” or the “Company”), the parent and owner of brands and licenses for 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 excited to announce a material acceleration in new sales from the Company’s Vantage Tag GPS golf equipment and technology segment so far this year.
The Company has already booked 24 new orders for 1,626 Vantage Tag GPS Fleet Management System units so far in 2022 (up through January 31), driving
“Our Vantage Tag GPS Fleet Management sales pipeline has historically evidenced a strong close rate on new verbal commitments, which positions our sales team for a potential breakout quarter for sales and growth in our core segments in Q1 given the significant number of verbal commitments still to work through to realize the full impact of the PGA show in Orlando last month,” noted DSGT CEO, Robert Silzer. “We are delighted with the momentum thus far.”.
“Our market position in the golf equipment space is evolving rapidly as we establish ourselves with key market participants and distributors. We believe the momentum we have already established so far this year is just the tip of the iceberg,” continued Silzer.
The Company’s locked-in new orders already represent year-over-year topline growth of
DSG Global also reports being in late-stage discussions with multiple distributors seeking rights to add the new Vantage Golf Cart lineup to current offerings. Management believes Vantage Tag is potentially on pace to sign more than fifty (50) new dealers over the next two months.
Silzer added, “We are also starting to take initial orders for our revolutionary new Marshal Golf Cart design. This is the single seater targeting course marshals that created such an enormous buzz in Orlando last month. It’s the first of its kind in the industry, and we believe it has the potential to be a true game changer. We look forward to providing additional details as we gain more perspective and data.”
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/
CAUTIONARY NOTE REGARDING 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, “” potential,” "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.
Company Contact:
EDM Media, LLC
https://edm.media
FAQ
What new sales did DSG Global report for Q1 2022?
How much year-over-year growth did DSGT experience?
How many new dealers is DSG Global expected to sign?
What is the significance of the new Marshal Golf Cart by DSG Global?
