DSG Global (OTCMKTS:DSGT) Stock Down 29% In a Week: Here is Why

There were a number of companies which had come into the news cycle on Thursday and one of those was DSG Global (OTCMKTS:DSGT). The company was in the news yesterday after it announced that it had expanded the sales and operations wings of its North American Head Office. 

The company did it through the expansion of footage by threefold so as to help in the growth requirements of all its lines of products from the third quarter onwards and further. The company signed a lease agreement for three years for administrative staff, engineering department, warehouse in Surrey and another lease for the assembly plant for its golf cart assembly in Lakeland, Florida.  Another lease had been signed by DSG Global for its storage plant in Sacramento, California. 

The company noted that the moves it made would help it in making considerable savings in both logistics and shipment costs all over its North American operations, since there are sea ports nearby all the different locations. Bob Silzer, the Chief Executive Officer of DSG Global spoke about the development as well. He noted that expansion at the Surrey location was at the same property but since the company had the opportunity to secure more office, it took up the option.