DSG Global Inc (DSGT)

[RoamingBull]

News out 9:22 edt

Surrey, British Columbia , Canada, Sept. 22, 2020 (GLOBE NEWSWIRE) -- DSG Global Inc. (OTCQB: DSGT) (“DSGT”), a technology development company engaged in the design, manufacture, sales and leasing of GPS tracking devices, interfaces for golf and electric vehicles and related support services is pleased to announce that it has repaid and satisfied existing convertible notes that had become due and convertible into common stock at a significant discount to market.
As a result of the full payment of the Notes, the Notes are no longer a debt obligation of the Company and, as such, are no longer convertible into shares of the Company's common stock.
“Eliminating these convertible notes represents a significant milestone for DSG Global as now for the first time in two years we are not encumbered by structured financing. Now that the share count is stabilized, we believe we will see a more appropriate valuation in the marketplace. Given our outlook for strong growth across multiple sales channel and the rapidly improving fundamentals of our business, we are now in a position where we will no longer need to fund the company though toxic convertible debt,” commented Bob Silzer , President and CEO DSG Global .