DSG Global (OTCMKTS:DSGT) Stock Sees Recovery After Recent Fall

On May 18, 2023, DSG Global (OTCMKTS:DSGT) announced the expansion of the North American Head Office. This will facilitate the firm’s growth requirements for all product lines in the third quarter. DSG Global has signed a new three-year lease agreement for the engineering dept, administrative staff,warehouse in Surrey, a new lease for assembly facility for all golf cart assembly in Lakeland Florida, and storage facility in Sacramento CA. This will enable saving in logistics and shipment.

Trading Data

On Thursday, DSGT stock moved up 4.07% to $0.0179 with 835.37K shares, compared to volume of 430.65K shares. The stock moved within a range of $0.0163 – 0.0200 after opening trade at $0.0189.

DSG Global triples Head Office space, sales, and operations to facilitate Q3/Q4 growth and upcoming product launches, adding key personnel and leadership.

Bob Silzer, CEO said that though the expansion in Surrey is in the same building, the firm has acquired themuch-needed office space andretained existing space dedicated to Installation and Engineering.

Silzer said that the company is at a crucial juncture in its growth plan with several fresh products coming in the second and third quarter. The CEO added on prioritizing quality standards and ensuring that the services continue to meet and exceed customer expectations. He added that the company invests in scaling infrastructure, strengthening resources for facilitating activities for the third and fourth quarter.

Silzer also stated the company is placing much emphasis on talent acquisition and development. The firm is bringing exceptional individuals having some expectations with high-end manufacturing, engineering,and assembly designto the team.

DSG Global was founded over a decade ago by a team that were original pioneers of the GPS Golf Fleet Management industry.