Dsg Global Stock Price, News & Analysis

DSG Global (OTCQB: DSGT) reported significant growth in Q1 2023, securing sales valued at $2 million from 20 golf courses, raising its order book to $16 million. Following the PGA Show, the company introduced an innovative Infinity 10” HD screen, allowing flexible mounting options for golf carts, enhancing user experience. The positive reception has positioned DSGT to potentially achieve 100 new installations and generate over $10 million in GPS revenues. Furthermore, DSGT plans to integrate real-time sports betting features into its systems later this year, opening new revenue streams.

DSG Global, Inc. (OTCQB: DSGT) announced progress with LITEBORNE™ Motor Company (LMC), focused on affordable electric vehicles (EVs) for North America. LMC holds exclusive distribution rights for Skywell Automotive Group's EV lineup, aiming for homologation of the Aurium SEV/ET5 by Q3 2023. The company has a strong management team led by CEO Alan Wagner, with plans for a substantial waitlist delivery in Q4 2023. DSGT will own 70% of LMC post spinout, alongside a cash settlement. Additionally, the partnership with ICON Capital has been extended, enhancing DSGT's market presence as it emphasizes environmentally responsible transportation solutions.

DSG Global (OTCQB: DSGT) reported a successful start to 2023 at the PGA Show, attended by nearly 30,000 professionals from over 86 countries. The event showcased four innovative products targeting commercial and consumer golf markets. Key highlights include the 10” Infinity HD Display, enhancing golfer experience with features like 3D hole graphics and two-way messaging. The Shelby consumer cart line generated strong interest, along with the newly introduced Vantage V-Club Fleet Cart and SR-1 single rider cart, designed to improve operator revenue and golfer convenience. CEO Bob Silzer expressed optimism for 2023's growth following record sales in 2022.

DSG Global (OTCQB: DSGT) is showcasing three innovative products at the upcoming PGA Show in Orlando, FL, from January 25-27, 2023, marking an exciting start to the year. Following a record-setting 2022, Vantage Tag Systems (VTS), a subsidiary of DSGT, aims to capture attention with its impressive two-story booth and a lineup featuring the V-Club Fleet Cart, Shelby consumer carts, and the cutting-edge SR-1 single rider cart. The presence of celebrities and a promotional giveaway is expected to enhance booth traffic. Post-show marketing efforts will include features in prominent golf publications and social media campaigns.

DSG Global (OTCQB: DSGT) expresses optimism for the Low-Speed Vehicle (LSV) market, anticipating growth from USD 8.9 billion in 2022 to USD 14.4 billion by 2027, driven by demographic shifts and lifestyle changes. Following a year of strategic acquisitions and product developments, DSGT holds an 8-figure order book.

The company introduced innovative products, including the SR1 Single Rider Cart and expanded its dealer network with 125 new dealers. The 2023 outlook is positive, with expectations of product disruption and market leadership.

DSG Global's subsidiary, Vantage Tag Systems, unveils the V-Club GPS Fleet Management integrated Fleet Cart at the PGA Show in Orlando. This new flagship model offers enhanced performance, comfort, and affordability, featuring a 5kw AC high-torque motor and a 105ah lithium battery pack. The V-Club boasts a 7-year warranty and an array of advanced features, including GPS management and regenerative braking. To celebrate its launch, DSGT will give away two V-Clubs at the show on January 25-26, 2023. This move marks DSGT's commitment to innovation in fleet management and the golf industry.

DSG Global, Inc. (OTCQB: DSGT) announces key executive appointments at Liteborne Motor Company (LMC), focusing on the North American electric vehicle (EV) market. Jonathan D’Agostino, with extensive finance experience, becomes CFO, while Daniel Lock, a seasoned automotive engineer, takes the role of executive director of operations. The company holds exclusive distribution rights for Skywell Automotive Group’s EV lineup, a leading Chinese manufacturer. The new team aims to finalize the homologation and marketing plan for the Arium SEV following their meeting with Skywell executives in China.