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    Boreal Productions Inc. (OTCBB  400  0 Kommentare BPRO) Announces Signing of an LOI With DSG Tag Systems Inc.

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2014) - Boreal Productions Inc. (OTCBB:BPRO) - The Proposed Transaction will proceed by way of a share exchange agreement of Boreal and DSG, with Boreal's name being changed to "DSG Global Inc." The Proposed Transaction, when completed, will constitute a reverse take-over transaction pursuant to which the shareholders of DSG will hold a majority of the outstanding common shares of Boreal. The Proposed Transaction will be an arm's length transaction.

    DSG TAG Systems is a technology company that specializes in fleet tracking and management for a variety of industries and equipment. The company has developed a patented combination of hardware and software products that are marketed around the world. The TAG solution, (TAG, TEXT, TURF and TOUCH) fills a void in the market place by offering a modular cloud based management system which allows customers to customize their solution depending on desired functionality and budget constraints.

    DSG has focused primarily on the golf industry, however the company has completed several successful pilots and will be moving forward in the military and agriculture industries and out of home advertising on the TAG TOUCH. The existing customer base has been secured through direct sales and has forged key relationships with distributors in Asia, UK and Europe as well as with major golf and utility equipment leaders such as E-Z-GO, Yamaha and Ransomes Jacobsen to help drive sales worldwide.

    To date the TAG is installed on over 250 golf courses of the 40,000 golf operations worldwide and has monitored over 6,000,000 rounds of golf. The company has doubled sales each year since inception in 2009 and continues to expand. The company has a recurring revenue model as well as a rental model that has allowed the company to grow rapidly in a multi-billion dollar industry with this one of a kind patented product.

    Upon completion of the Proposed Transaction, Boreal will carry on the business of DSG, which will then be its wholly owned subsidiary. The Board of Directors of Boreal will consist of 3 nominees from DSG and Boreal shall be entitled to appoint two directors to the board of directors.

    In conjunction with, and prior to the closing of the Proposed Transaction, Boreal will consolidate its share capital 3:1 having no more than 10 million shares outstanding and DSG will have converted more than 95% of its current outstanding debt to common and preferred shares of DSG Systems Inc. Boreal will issue 20 million shares upon the acquisition of DSG. Boreal will seek to do a private placement of no less than ten million dollars.

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    Verfasst von Marketwired
    Boreal Productions Inc. (OTCBB BPRO) Announces Signing of an LOI With DSG Tag Systems Inc. VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2014) - Boreal Productions Inc. (OTCBB:BPRO) - The Proposed Transaction will proceed by way of a share exchange agreement of Boreal and DSG, with Boreal's name being changed to "DSG Global Inc." …

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