SURREY, British Columbia, January 23, 2018 /PRNewswire/ --
DSG Global, Inc. (DSGT) The company today announced that it has taken initial steps to move in the direction of exploring potential use cases that it has identified for blockchain and its related technologies to be applied to the golf industry.
Blockchain and its related technologies are gaining momentum to radically change the current business landscape. It was recently reported that IBM and a network of banks have begun using digital currency and blockchain software through the Stellar platform to move money across borders throughout the South Pacific. The Germany based IOTA foundation, which is developing a system using DAG(directed acyclic graph), announced that Microsoft, Fujitsu, and twenty more companies participated in their first publicly accessible data marketplace for the Internet of Things.
"Blockchain will definitely change the golf industry and DSG plans to play a leading role to bring this change to fruition. I believe this technology will revitalize the golf industry. It can build a new bridge between golf and the millennials and raise new enthusiasm for the sport. It can release tremendous value that is currently untapped, "stated Robert Silzer, CEO of DSG Global, Inc.
DSG Global Inc. has always strived to be at the forefront of technology innovation. Its founder, Bob Silzer and company were involved in bringing cutting edge technology, with the GPS TAG fleet management systems to the golf industry more than a decade ago and is now seeing the need for the technology to move forward to embrace blockchain and its related technologies.
"We anticipate that our ability to utilize blockchain and its related technologies not only represents the company's commitment to implementing new technologies in all aspects of its business, but reflects managements and the Boards desire to open up potential additional growth opportunities for the company", stated Robert Silzer, CEO of DSG Global, Inc.
The company plans to release a road map in the second quarter on its blockchain initiative and welcomes comments from the golf industry, the golf community as well as the cryptocurrency community.
About DSG GLOBAL INC.
DSG Global Inc.(DSGT) is one of the new breed of Software-as-a-Service (SaaS) companies that are dominating the IT industry. DSGT provides electronic tracking systems fleet management solutions and mobile digital data for players. Our clients are using DSGT's patented technology to significantly reduce costs, increase safety and enhance customer satisfaction. DSGT has historically focused on the golf industry, where golf course operators manage their fleet of golf carts, turf equipment, and utility vehicles remotely using DSGT's SaaS Technology. DSGT is now addressing the PACE OF PLAY problems that exist on golf courses today and introducing the new electric single fairway rider G3 to the golf industry. The new Fairway Rider G3 will be equipped with the patented 3G/LTE tag for tracking and the new 7" Infinity. DSG Global is also introducing the new Infinity 12". DSGT is aggressively branching into several revenue streams, through programmatic advertising, licensing, distribution, commercial fleet management and agricultural applications.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements in this press release include statements relating to the Company's corporate finance and other strategic initiatives, 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 timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; our ability to enter into contracts with golf courses for the Fairway Rider G3 or any revenue that may be generated therefrom; 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.
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