LOS ANGELES and VANCOUVER, British Columbia, January 10, 2018 /PRNewswire/ --
DSG Global Inc. (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 golf 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."
