SURREY, BRITISH COLUMBIA--(Marketwired - May 29, 2015) - DSG GLOBAL INC. (the "Company") (OTC PINK:DSGT), a leading provider of fleet management solutions for the golf industry, is pleased to announce that the Company has completed the acquisition of greater than 75% of the issued and outstanding shares of common stock of DSG Tag Systems Inc. by way of a share exchange that constitutes a reverse takeover (the "Transaction"). DSG Tag Systems Inc. is now a controlled subsidiary of the Company. The Company is continuing to pursue the acquisition of the remaining shares of common stock of DSG Tag Systems Inc.
In connection with the Transaction, the Company has to date issued an aggregate of 15,185,875 shares of its common stock to the shareholders of DSG Tag Systems Inc. that have exchanged their shares in the Transaction.
For further information about the Transaction, please refer to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015, which is available on the Company's EDGAR Profile at www.sec.gov.
About DSG GLOBAL Inc.
DSG Global Inc., founded in 2008, is a global leader in the design, manufacture, and marketing of fleet management solutions for the golf industry, as well as agricultural, government and military fleet applications. The Company is primarily focused on the golf industry where the TAG System is installed on over 10,000 vehicles at 250 courses to enable golf course operators to manage their fleet of golf carts, turf equipment and utility vehicles. The Company is expanding into other markets including agriculture, where the Company has successfully completed beta testing of the TAG System at a large agricultural operation in North America.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements in this press release include the following subjects: the Company's potential acquisition of additional shares of DSG Tag Systems Inc., and the Company's expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the willingness of shareholders of DSG Tag Systems to exchange their securities of that company for shares of our common stock; our ability to offer products and services for use by customers in new markets outside of the golf industry; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.