DSG Global Inc (DSGT)

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DSG Global Inc. Reports Global Installations of INFINITY Screens Exceed Expectations

3/13/19, 8:00 AM
Announces new projects totaling $640,000 over the next 30 days

Sales force expansion underway to meet growing demand

Surrey, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) -- DSG GLOBAL INC. (DSGT), the world's leading provider of the patented GPS Golf TAG Management System and on-course media system, today provided an update on purchase orders and installations of its INFINITY screens. As a result of recent purchase orders, the Company expects to generate over $640,000 in sales across Europe, Singapore, Spain, Guam, New Zealand and Australia over the next 30 days. DSG also plans to expand its operations, sales, marketing and engineering teams to keep pace with market demand.

“The interest in the INFINITY suite of products continues to grow as purchase orders from around the world continue to accelerate. We expect our revenue to significantly increase in 2019 as a result of the demand for the new INFINITY XL,” said Pat Parenti, Sr. VP Sales for DSG Global Inc.

Bob Silzer, CEO DSG Global, further noted, “I am pleased to report we are expanding our sales force, as well as enhancing our internal operations, in order to address the growing global demand for our products. Overall, we have built a highly scalable business model with significant earnings potential as we continue to grow revenue. For this reason, we are taking steps to enhance our capital structure that we believe will help position DSG for listing on a U.S. stock exchange later this year.”