InvestorNewsBreaks — DSG Global Inc. (DSGT) Subsidiary Shares Statement on 2023 Golf Cart, LSV Markets
Dec 21, 2022
DSG Global (OTCQB: DSGT) wholly owned subsidiary Vantage Tag Systems has released a “statement of optimism” after a year of strategic acquisitions and new-product development along with booking an eight-figure order. According to the statement, the golf cart and low-speed vehicle (“LSV”) market is projected to grow at a CAGR of 8.2%, reaching $14.4 billion by 2027. Four-wheeled vehicles with a maximum speed of around 25 mph, LSVs have typically been used on golf courses; however, they are now being used as neighborhood and delivery vehicles and their use is expanding at industrial parks, college and university campuses, security patrols, hotels, amusement parks, airports, stadiums and gated golf communities. Vantage Tag is well positioned in this space and anticipates being able to take full advantage of the exploding LSV market. “We analyzed the market and made sure we had assembled a comprehensive suite of products to capitalize on both the commercial and consumer demand for LSV’s.” said Vantage Tag System CEO Bob Silzer in the press release. “We made a strategic acquisition for an iconic consumer cart brand that none of the incumbents can offer and also deliveries are available upon request. We made significant investments in new-product development of our own integrated GPS Management-enabled fleet carts and will be debuting the truly revolutionary SR1 single-rider cart at the upcoming PGA show in Orlando that has been engineered from scratch to address the holy grail of the golf industry; pace of play.”
To view the full press release, visit https://ibn.fm/pKFCB
About DSG Global Inc.
DSG Global was founded more than 12 years ago by the team that was one of the original pioneers of the GPS Golf Fleet Management industry. The company has two distinct brands to deliver on the explosive opportunities in the low-speed vehicle (“LSV”) and high-speed vehidle (“HSV”) markets. Liteborne Motor Company will address the HSV market with the new Aurium sport electric vehicle, along with many other vehicles in the pipeline, including buses and commercial vehicles. The LSV market will be supported and expanded by the established Vantage Tag Systems brand building on the 12-year track record of innovation in the marketspace with a comprehensive product lineup of GPS Fleet Management integrated carts for golf operators to the legendary Shelby golf carts, multipassenger carts and Shelby e-bikes. For more information about the company, please visit www.DSGTGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to DSGT are available in the company’s newsroom at https://ibn.fm/DSGT
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