DSG Global Inc. (OTCMKTS:DSGT) is gaining momentum in the opening session on Monday after soaring 25% last Friday.
Major Trigger:
DSG Global, Inc. (DSGT) Finalizes USD$987,900 in Contracts for Installation and Maintenance of Vantage Tag Systems’ Fleet Management Products in Q2 at 15 Golf Courses in US and Singapore
Key Highlights:
- announce that owners of 15 new golf courses have selected DSG Global’s Vantage Tag System (VTS) as their provider of fleet management solutions. The signed contracts total USD$987,900 and provide an ongoing revenue stream from service and maintenance agreements.
- The new orders include 1,040 total units of the VTS Infinity, Text and Tag Systems. Vantage Tag will also be introducing the new Infinity 10-inch Display Screen within the next 60 days, which will include updated software with enhanced features. The Company’s latest orders were received during Q2 2021 and are in addition to orders previously announced during the first quarter, which are more than 70% installed.
- Vantage Tag Systems provides patented electronic tracking systems and fleet management solutions to golf courses and other avenues that allow for remote management of the course’s fleet of golf carts, turf equipment and utility vehicles.
Key Quote from
“There continues to be significant interest in our unique electronic tracking and fleet management solutions as golf courses worldwide recognize the value of our products. The contracts include a fee for servicing and maintenance which will provide ongoing continuous monthly revenue. Once the new Infinity screens are available in July, we anticipate orders to accelerate even further,” stated Pat Parenti, senior vice president of global sales at Vantage Tag Systems.
Market Reaction: Stock Jumps
As of 9:48, DSGT stock moved up by 2% to $0.2345 with more than 100K shares traded hands, compared to its average volume of 1.08 million shares. The stock has moved within a range of $0.23 – 0.235 after opening the trade at $0.23.
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