After a major announcement yesterday, the DSG Global Inc (OTCMKTS:DSGT) stock jumped 7%. The company announced yesterday that as many as 15 new gold courses have come on board to use DSG Global’s Vantage Tag System as a fleet management solutions service provider.
It is a major breakthrough for the company since the contracts signed by DSG Global are cumulatively worth $987000. In addition to that, these contracts will also provide a continuous stream of revenues through maintenance and service agreements.
The orders placed by the 15 golf courses included a total of 1040 units of VTS Infinity, Text, and Tag systems made by DSG Global. These orders had been received by the company in the second fiscal quarter. It should be noted that these orders are in addition to the ones that had been received by DSG Global in the first quarter. The company has successfully installed in excess of 70% of the orders that had been placed in the first quarter.