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ECS platform currently processes over 18,000 transactions per day and supports over 160 independent sales organizations and agents representing potential new Surge partners and customers
Immediate goal to launch high demand and trending retail products
through the SurgePays Network to rapidly scale revenue
Transaction expected to be immediately accretive to earnings
Memphis, TN – November 5, 2019 – Surge Holdings, Inc. (OTCQB: SURG) (“Surge”), developer of the SurgePays™ Network for convenience stores, bodegas and community markets that provide products to the underbanked, today provided an update on completing the asset purchase of the ECS Prepaid business, Electronic Check Services business and the Central States Legal Services business (collectively, “ECS”).
Through its proprietary Fintech software platform, ECS is a leading provider of prepaid wireless load and top-ups, check cashing and wireless SIM activation to convenience stores and bodegas nationwide. Since 2008, ECS has grown to a network of over 9,800 retail locations and 160 independent sales organizations (“ISO”) processing over 18,000 transactions per day. Surge will integrate the ECS software with its SurgePays™ Network in order to offer both wholesale products from third-party manufacturers, as well as Surge products, including the SurgePays™ Reloadable Debit Card, SurgePhone Wireless and SIM Starter Kits. The transaction is expected to be immediately accretive to earnings.
Brian Cox, Chairman and CEO of Surge Holdings, commented, “This transaction marks a major inflection point for Surge, by immediately adding over 9,800 new retail locations, $48.7 million in additional projected annualized revenue, and 160 ISO salespeople. The developers are already working to integrate software platforms to include the ability to cross market the SurgePays™ Reloadable Debit Card, SurgePhone Wireless and SIM Starter Kits, as well as layer on additional high demand and trending products through the SurgePays™ Network. ECS and their management team of Derron Winfrey and Mark Garner have been a leader in our sector for a long time. We are excited about working with them to scale up the business – not only by adding stores, but also increasing same store revenue.”
Derron Winfrey, President of ECS, commented, “We are extremely excited about the integration with Surge and the opportunity to bring Surge’s product offering to our network. Our business models are closely aligned and highly complementary. The significant and immediate synergies will allow us to scale much more rapidly, growing both the network and product offerings. ECS was built as a preferred partner to our ISO’s and independent retailers, catering to mom and pop shop owners by bringing them a level of service typically only found in the big box space. Many people do not realize that independent store owners make up approximately 53% of the entire convenience store marketplace, so this is a significant, underserved addressable market. We believe the level of service and product offerings that come from combining the strengths of Surge and ECS are unmatched in the industry and we are aligning our organizations to bring this advanced technology and service offering to our retail and ISO partners.”
About Surge Holdings, Inc:
Surge Holdings, Inc. is a retail supply chain company that provides a virtual distribution hub for retailers, as well as offers telecom services for low income customers and financial payment services for the unbanked and under-banked. Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays™ Network. (https://surgepays.com) This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country. This platform also provides manufacturers a cost-effective and efficient platform to access local retailers. For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com.
*Annualized revenue is assumed if the Company had completed the acquisition on January 1 of the current fiscal period. The $48.7M is based on the gross revenue of the acquired businesses for the fiscal year ended December 31, 2018. The Company has not completed an audit on the value and annualized revenue is not a basis in accordance with accounting principles generally accepted in the United States. Such amounts have not been audited by the Company.
Forward Looking Statements
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking terminology such as “believes”, “expects”, “may”, “will”, “should”, “anticipates”, “plans”, or similar expressions or the negative of these terms and similar expressions are intended to identify forward-looking statements. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
Investor Contact:
Crescendo Communications, LLC
Tel: 212-671-1020
Email: SURG@crescendo-ir.com
Source: Surge Holdings, Inc.
Centercom Provides Surge a Competitive Advantage and Core Infrastructure to Significantly Scale Revenue in 2019 Growth Strategy.
LAS VEGAS, NV, January 17, 2018– Surge Holdings, Inc. (OTCQB: SURG), the Las Vegas-based Technology, Telecom and Blockchain FinTech Software company announces today the completion of agreement to acquire a 40% equity ownership of Centercom Global, S.A. de C.V (“Centercom”). Centercom is a dynamic operations center currently providing Surge sales support, customer service, IT infrastructure design, graphic media, database programming, software development, revenue assurance, lead generation, and other various operational support services for SURG.
Brian Cox, CEO of SURG, said “I am pleased to report the smooth closing of our agreement with Centercom. We now have accessible bilingual human capital to support our strategic plan to grow the right way. As an example, the Centercom CTO is already at our administrative HQ in Memphis, working directly with our Surge CTO, planning for our next generation data center in advance of new product rollouts such as the SurgePays Reloadable Visa Card for the underbanked.”
The primary Centercom initiatives to support SURG 2019 growth plans are:
- Assisting in onboarding SurgePays Portal into over 40,000 retail locations and subsequent ongoing white glove support
- Aggressively marketing new “Free Wireless Service” program to substantially grow customer base while beefing up customer service
- Launch SurgePays Reloadable Visa Card by end of 1st Quarter
- Support our IT infrastructure including database management
- Upsell related FinTech products to our existing customer base to increase revenue
Cox further added, “I cannot emphasize enough to our shareholders that the foundation work for my build out checklist has been successfully completed as promised. The key indicators for Surge success and my new checklist and focus for 2019 is to increase our customer base across all product verticals, grow our retail distribution network and incorporate more products to accelerate growth of top line revenue. Centercom resources support these initiatives and allow me to think and go big, including exploring strategic acquisitions, without worrying about methodically scaling growth.”
About Surge Holdings:
Surge Holdings a publicly traded company that wholly owns subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. The majority of the consolidated earnings currently originate from Telecom and Fintech. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS) and Social Media Digital Marketing. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
To get the SURGE shareholder guide and the latest news: https://surgeholdings.com
Follow Surge Holdings on Twitter: https://twitter.com/surgeholdings
Follow CEO Brian Cox on Twitter for thoughts, insight and material news updates for Surge: https://twitter.com/kbriancox
About Centercom BPO:
Located in Colonia Escalón, El Salvador, Centercom Global BPO provides 24/7 bilingual customer service, sales conversions, provisioning IT solutions, software development, graphic design, and programming services. While specializing in small to medium-sized businesses, Centercom BPO customizes solutions based on budget, needs, and goals.
FORWARD LOOKING STATEMENTS
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
Invest@surgeholdings.com
901-229-7205
Source: Surge Holdings
SURG and PNTV to stake a claim to the projected $22 Billion CBD industry to distribute Green Leaf PURE CBD products into over 40,000 retail locations.
LAS VEGAS, NV (December 20, 2018) Surge Holdings, Inc. (OTCQB: SURG), Las Vegas-based Telecom and Blockchain FinTech software company, and Player’s Network, Inc. (OTCQB: PNTV), a rapidly growing company in legal marijuana industry announce today a joint venture to distribute Green Leaf PURE CBD products to a network of approx. 40,000 retail stores throughout the United States.
The relationship allows PNTV to focus on continual development of high-quality CBD products and brands while SURG utilizes their SurgePays Blockchain B2B distribution platform and outbound call center to introduce, sell and manage the ongoing replenishment of these products.
CBD continues to be one of the fastest growing markets in the United States with sales expecting to reach $22 billion by 2022. Additionally, the passing of the Farm Bill 2018 which included the Hemp Act of 2018 removed the barriers associated with growing hemp due to federal prohibition to include restricted access to banking, water rights, and crop insurance. The signing of this bill will define hemp as a federally legal agricultural product; subsequently removing all of the restricting legislation and opening the door for PNTV and SURG to capitalize early on this multi-billion dollar industry.
Through the JV, the initial order kit for new stores will range from approximately $399 to $1,500 or more. Anticipated monthly orders will be of similar value based on location and the size of the retailer.
Currently, the market for CBD is on track to generate more than $600 Million in 2018. Analysts project that CBD sales will reach over $1 Billion by 2020 and is expected to exceed $22 Billion by 2022.
SURG has recently signed contracts to grow their distribution network of convenience stores and bodegas to 40,000+ retail locations throughout the United States. The joint venture with PNTV creates an immediate distribution channel for Green Leaf PURE to capture a share of nationwide brick and mortar CBD sales while both companies expect to realize significant revenue increases as the CBD market grows.
“The bulk of the first to market CBD product sales will not be through big box retailers, but through the 100ks of corner stores, convenience stores and bodegas nationwide.” said Brian Cox, Surge Holdings CEO. “With the passing of the Farm Bill, we expect CBD products to be in high demand and first to market usually wins. We will leverage all of our relationships, call center and software platform to blitz the market nationwide to claim our stake and shelf space.”
Brett H. Pojunis, Director of PNTV, said “now that the Farm Bill of 2018 which includes the Hemp Act of 2018 has passed, this opens up the entire United States as potential customers for our CBD products. The relationship with SURG couldn’t have come at a better time! Brian (SURG CEO) and I have been working on developing the best products for the targeted demographics of their retail stores and we feel this will be a huge success.”
About Surge Holdings:
Surge Holdings a publicly traded company that wholly owns subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS), Cryptocurrency Asset Mining and Social Media Digital Marketing. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
For the latest news alerts for Surge Holdings, sign up at https://surgeholdings.com
Follow Surge Holdings and CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.
About Player’s Network (PNTV)
Player’s Network is a rapidly growing company in the marijuana industry as the owner of Green Leaf Farms Holdings with licensed grow operations in Nevada and California that trades on the OTC Market – stock symbol PNTV. Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business. Owner of its media network WeedTV.com The Cannabis Network. The Company believes this trend of legalizing marijuana will continue and create tremendous growth opportunities for their shareholders as it continues its business strategy growth by acquisitions, joint ventures, and investments new emerging market opportunities.
The Green Leaf PURE CBD brand is made from the highest quality CBD, developed with strong dosage as well as superior ingredients in their formulations. All Green Leaf PURE CBD products are tested to ensure safety and the highest quality CBD. Green Leaf PURE is currently accepting pre-orders on the company’s website https://greenleafpure.com.
Twitter: https://twitter.com/playersnetwork
FaceBook: https://facebook.com/PlayersNetwork
For more information please visit www.PlayersNetwork.com
Activate your FREE account & sign up for news/updates: https://playersnetwork.com/ir.
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Players Network, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Surge Holdings Contacts:
Investor Relations Email: CC@SURGEHOLDINGS.COM
Investor Relations Main Number: 901-247-8095
Investor Inquiries:
David Klepinger, Investor Relations Manager
Email: dklepinger@playersnetwork.com
Office: 702.840.3283
Interview Requests & Media Inquiries (General):
Brett H. Pojunis, Director
Email: bpojunis@playersnetwork.com
Office: 702.840.3272
Player’s Network Contacts:
Investor Inquiries:
David Klepinger, Investor Relations Manager
Email: dklepinger@playersnetwork.com
Office: 702.840.3283
Interview Requests & Media Inquiries (General):
Brett H. Pojunis, Director
Email: bpojunis@playersnetwork.com
Office: 702.840.3272
Source: Surge Holdings
Las Vegas, November 14, 2018 – Surge Holdings, Inc. (OTCQB:SURG), announced today that its wholly-owned software and technology subsidiary, Surge Blockchain, has completed development of the ERC-20 Surge Utility Token and has made available free tokens to all who sign up at www.surgetoken.com before the December 15 launch.
The Surge Token is an ERC20 compliant blockchain asset that can have value, be stored in a wallet, used for transactions and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other digital asset.
“The technology we’ve developed is soup to nuts, from the issuance of the reward tokens to requests for redemption to transmitting our ERC-20 token to Ethereum.” Stated Chief Technology Officer, John Mott.
Tokens will be earned through purchases of Surge products and services or through incentivized activities such as automatic paycheck deposits to the SurgePays Debit Card or paying certain SurgePhone Wireless combo specials. Tokens can be redeemed for rewards and or stored in digital wallets.
The difference between Surge Tokens and standalone currencies like Bitcoin and Litecoin is that the Surge Token will piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions from a smart contract.
Surge Holdings Inc. CEO Brian Cox said “The underlying principle to the Surge business model is to drive revenue by bringing products and services to those who might otherwise not have access to them. This fits perfectly into our overall strategic plan for customer loyalty, enhancing the Surge ecosystem and overall corporate valuation.”
Cox further stated, “By using the Surge Utility Token for loyalty rewards, we will be enabling the 51% of the subprime market to participate in Digital Assets – the future.”
Additionally, the software system has been designed as a white label token/rewards system so that Surge can offer this technology and software to other companies seeking a turnkey solution for ERC-20 tokens.
The Surge Utility Token rewards system is slated to launch December 15, 2018.
Rewards will be redeemed at www.surgerewards.com
ABOUT SURGE HOLDINGS:
Surge Holdings Inc. is a rapidly growing publicly traded company with holdings in subsidiaries that utilize emerging technology to deliver high growth, reoccurring revenue products, and services. The Team at Surge Holdings Inc. intends to become the country’s leading provider of technology products to the unbanked, the under-banked and the overlooked by selling through its SurgePays network of convenient stores and through online digital marketing.
For the latest news alerts for Surge Holdings, sign up at SurgeHoldings.com
Follow Surge Holdings and CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.
FORWARD-LOOKING STATEMENTS:
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
Surge Holdings Corporate Communication:
Source: Surge Holdings Corporate
Over 20 million Veterans, Plus Family Members, Qualify For Free Smartphone
Las Vegas, October 25, 2018 – Surge Holdings, Inc. (OTCQB:SURG), the Las Vegas-based Telecom and Fintech software company, announced it’s latest market expansion to the over 20 million active U.S. military, veterans, and immediate family members.
Those eligible for SurgePhone’s Heroes Promotion incentives can request a complimentary Android smartphone, along with steeply discounted unlimited talk, text, and LTE data for only $25 a month.
“We will be rolling out more Heroes incentives, savings and loyalty rewards on other Surge products in the near future,” said Brian Cox, Surge Holdings CEO, “with the major sacrifices that servicemen and women, and especially their families, make, this is how we can do our part to say thanks for their commitment.”
The Surge Heroes Program is solely funded and supported by Surge Holdings Inc with no federal financial support or subsidy.
Cox added, “We have built Surge to scale quickly while being agile enough to create value-driven offers and programs like the Heroes Promotion.”
Eligible military customers can take advantage of this exclusive offer at www.vetsmartphone.com.
ABOUT SURGE HOLDINGS:
Surge Holdings Inc., publicly traded under the stock symbol SURG, is a rapidly growing company that utilizes emerging technology to deliver products and services to convenience stores, bodegas and corner markets with the intent to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge offers a complete suite of Telecom and Fintech products through wholly owned subsidiaries.
For the latest news alerts for Surge Holdings, sign up at SurgeHoldings.com
Follow Surge Holdings and CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.
FORWARD-LOOKING STATEMENTS:
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
Surge Holdings Corporate Communication
CC@SURGEHOLDINGS.COM
901-247-8095
Source: Surge Holdings Inc.
The MOU calls for adding 40,000 retail locations with a $1,500 a month per location commitment
Las Vegas, October 8, 2018 – Surge Holdings, Inc. (OTCQB:SURG), the Las Vegas-based telecom and Fintech software company intending to become the country’s leading provider of technology and consumable products to convenient stores, today announced an MOU commitment of 40,000 new store locations utilizing the SurgePays Blockchain SaaS portal with a commitment of $1,500 per month in sales per location.
“We have worked relentlessly over the last year aligning our products and support while engineering our SurgePays e-commerce portal to gear up for this type of rollout with a great company like Pastime Foods,” said Brian Cox, Surge Holdings CEO. “This is just the start of our push to add products and services to our SurgePays merchant portal while we aggressively add convenient stores and corner markets to our expanding merchant network.”
Pastime Foods CEO Tim Riedel stated, “This venture will enable Pastime Foods to utilize the technology offered by Surge to increase efficiency and sales while expanding our market reach footprint.”
Surge will begin delivering certain Pastime Foods products through the SurgePays portal while additionally offering the Surge Fintech and Telecom suite of products to all locations. Pastime Foods will leverage existing contracts, contacts and retail relationships to accomplish these initial joint rollout goals.
Cox Added, “We anticipate this rollout to be completed within the next 12 months. Surge should see an annual impact of $720 Million top line sales after 40,000 stores have been onboarded. Additionally, I see our relationship with Pastime Foods growing far beyond this 40,000 store rollout.”
ABOUT SURGE HOLDINGS:
Surge Holdings Inc. is a rapidly growing company that utilizes emerging technology to deliver products and services to convenience stores, bodegas and corner markets with the intent to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge offers a complete suite of telecom and Fintech products through wholly owned subsidiaries.
For the latest news alerts for Surge Holdings, sign up at: SurgeHoldings.com
Follow Surge Holdings CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.
ABOUT PASTIME FOODS:
Pastime Foods is an innovative sports licensing company focused on delivering branded foods to fans. With agreements with a number of professional sports, teams and players, the company has the unique opportunity to market and promote a unique portfolio of food products. These products include frozen, refrigerated and shelf stable products to grocery and convenience stores across the United States both directly and/or through distributor alternatives.
FORWARD-LOOKING STATEMENTS:
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
For Contact:
Surge Corporate Communication
901-247-8095
Source: Surge Holdings, Inc.
5” QUAD CORE LTE SMARTPHONE TARGETS VALUE MINDED AND UNDERBANKED CUSTOMER
Las Vegas, Sept. 27, 2018 — Surge Holdings, Inc. (OTCQB:SURG) a rapidly growing technology company with holdings in Telecom, Blockchain Fintech, and Digital Marketing, announced the rollout of the Surge Volt 5XL Android Smartphone.
“It is really gratifying to be able to offer customers a high-powered and quality smartphone that’s affordable,” said Brian Cox, Surge Holdings, CEO. “For a kick-off promotion, we have packaged the Volt with an extremely aggressive six months of SurgePhone Wireless service included, all for only $99.”
The Volt 5XL will be the flagship smartphone for SurgePhone Wireless and be sold online and distributed through the SurgePays Blockchain SaaS network of convenient stores, markets, bodegas, and wireless stores.
Cox further stated, “While ultimately the handsets are a vehicle to provide service and a means to create reoccurring, compounding revenue, we saw an opportunity to give the customer a legitimately better product while further monetizing the long-term relationship with our consumers.”
For more information on the Surge Volt 5XL and or the kick-off promotion, please visit SurgePhone.com
Sign up for SURGE STOCK ALERTS: SurgeHoldings.com
Follow Surge and CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.
Surge Holdings Inc. is a rapidly growing company that utilizes emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked.
FORWARD LOOKING STATEMENTS
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
901-229-7205 Invest@SurgeHoldings.com
Source: Surge Holdings, Inc.
Surge Enlists Global Financial Processing Systems for Licensing, Compliance, and Support.
Las Vegas, Sept. 12, 2018- Surge Holdings, Inc. inks deal with Global Financial Processing Systems (GFPS) for money order backroom processing and compliance.
Surge Holdings CEO, Brian Cox, said, “The launch of the Surge Money Order product moves us closer to our goal of monopolizing the Fintech market at the convenience store level. We determined that the experience and nationwide reach of GFPS will enable Surge to be compliant, more profitable, and increase our brand awareness while not adding any additional personnel.”
Surge Money Orders will provide the underbanked customers with a convenient method of providing a guaranteed form of payment to another party quickly. The Federal Reserve reported over $20 billion in money order transactions in 2017.
Kevin Wayne, President of GFPS, stated, “We are excited to use our experience to expedite the growth of the Money Order business for Surge.”
The license application process at the state level will commence immediately in an effort to turn states up as fast as possible.
For the latest updates on the happenings at Surge Holdings, please visit SurgeHoldings.com and sign up for our instant news alerts.
Make sure to follow CEO Brian Cox on Twitter for thoughts, insight, and progress of not only the short-term goals, but relevant and material news for SURGE: @kbriancox
ABOUT SURGE HOLDINGS, INC.
Surge Holdings a publicly traded company that wholly owns subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain, Fintech Software as a Service (SaaS), Cryptocurrency Asset Mining and Social Media Digital Marketing.
ABOUT GLOBAL FINANCIAL PROCESSING SYSTEMS
GFPS is a financial data processing company that focuses on money order processing which allows clients to take control of financial service revenue. Using GFPS for backroom processing will make our clients more profitable and increase brand awareness while not adding any additional personnel. We are active in all 50 states and offer custom printing and issuing platforms and specialize in AML transaction monitoring.
FORWARD-LOOKING STATEMENTS
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
Invest@SurgeHoldings.com
Source: Surge Holdings, Inc.
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About Surge Holdings
Surge Holdings completed a major reorganization merger in April 2018. Before the merger completed, the management team eliminated all convertible debt, strengthened the balance sheets, brought current all SEC filings, and uplisted the Company to the OTCQB.
Surge now has complete control of the marketing arm, the online distribution, the physical merchant network distribution and the payment mechanisms for all of our existing products as well as new products under development. The result is a competitive advantage delivering no-contract communication and financial technology services to the unbanked, under-banked, the overlooked and unhappily banked millennial population. DigitizeIQ and SurgePays situate Surge products in front of customers physically where they shop or through social media.
Led by “ahead of the game” CEO Brian Cox, the management team has been assembled specifically for the Surge journey and committed to sustainable growth utilizing experience, existing systems and scalable human capital.
Surge Holdings, Inc. (Symbol: SURG) a publicly traded company that wholly owns subsidiaries that utilize emerging technologies to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS), Cryptocurrency Asset Mining and Social Media Digital Marketing.
TELECOMMUNICATIONS
Value-based telecom services offer exponential growth and reoccurring compounding revenue.
Fintech
Blockchain software applications strategically focused on high revenue transactions for the unbanked.
The technology holdings are categorized below. In addition to these products and subsidiaries, our team will continue to seek out products and or companies in these categories that will increase shareholder value.
Below are summaries of Surge Holdings Telecommunications, Fintech and Blockchain-oriented Technologies products and services. Surge does in fact own other profitable technology subsidiaries. These other companies are strategically supporting the larger subsidiaries while providing R&D along with additional revenue.
Surge Blockchain FinTech
SurgePays is a high revenue product delivery software platform providing all forms of telecom products to corner stores, wireless stores, gas stations and ethnic stores. CEO Brian Cox grew a similar FinTech company from $0 to over $10mil/mo. and intends to lead the charge for the national network buildout. Surge signed with the state of Oklahoma as the preferred vendor to process rural utility payments with a goal of onboarding 10 towns by EOY 2018. The Blockchain FinTech Software as a Service (SaaS) launched in January 2018.
Projects in Development with 2018 Target Launch: SurgeCard (Loadable debit card), Tokenspinner Application (rewards based phone app with Surge Tokens), SurgePays money transfer and remittance.
Surge Communications
True Wireless LLC is a licensed ETC wireless carrier in 5 states. Utilizing all 4 major USA wireless backbones, True provides subsidized wireless service to over 60,000 veterans and other qualifying federal programs such as SNAP (EBT) and Medicaid. True is in late stage negotiations to sign a marketing partnership that would open up 20 additional states.
SurgePhone Wireless mined the data from hundreds of millions of dollars in network transactions to create the three most popular plans by demand in the USA. By leveraging control of the marketing, distribution and payments, SurgePhone can offer each of these plans at prices 15% – 40% lower than competitors. SurgePhone Wireless Launched April 2018.
Safe Home Phone is a nationwide home phone alternative. Customers can save 60% or more and keep their same number. Prices start at $9.99 a month!
Projects in Development with 2018 Target Launch: SurgePhone Smartphones (first batch of 20,000 custom Androids arrive in June 2018), Heart Mobile (Wireless service for people with disabilities and the elderly), Contigo Mobile (Hispanic oriented Wireless Service)
MANAGEMENT
Brian Cox
Chairman and CEO
Mr. Cox founded his first Telecom company from a spare bedroom in 2004. Leaning on a successful background in collegiate athletics, Brian grew the company organically and through acquisition to the largest privately-owned home phone company in the country. Transitioning to wireless and FinTech (financial technology), Brian has led multi-location organizations of over 1,400 people while achieving over $100s million in revenue. Being a visionary that delivers, Brian led the efforts of selecting the management team with the specific goal of creating an industry leader.
Anthony Nuzzo
Chief Operating Officer (COO)
Mr. Nuzzo has founded and guided companies that have been recognized multiple times by Inc. 500 Fastest Growing Companies annual publication. As an expert in multi-location, multi-national business processing / call center management, Anthony has presided over companies with 100s of employees, millions in revenue while under extremely strict compliance. Mr. Nuzzo has a successful track record of using data to ensure operational excellence while scaling revenue without diminishing returns.
Brian Speck
Chief Financial Officer (CFO)
Mr. Speck has over fifteen years of experience in accounting including eleven years in public accounting. Most recently, Brian has served as the Brio Financial’s Director of Financial Reporting in support of both public and private clients. Receiving his Master of Science in Accounting from Kean University, Mr. Speck has represented companies in various industries: Technology/Internet, Manufacturing, Oil and Gas, Food and Beverage, Bio-technology, Software, Medical Device, Entertainment, Hedge Funds and Insurance.
David Ansani
Chief Administrative Officer (CAO) & Secretary
Mr. Ansani has a background in legal compliance, negotiation, finance, due diligence and audit. David is a corporate expert specializing in administrative back-office accountability while assisting in general business compliance aspects including mergers and acquisitions. He earned a Master of Business Administration in Strategic Management/Organizational & Managerial Behavior from the University of Chicago and Juris Doctor from IIT/Chicago-Kent School of Law.
Carter Matzinger
President of Media
Mr. Matzinger is a results-driven entrepreneur for over 20 years focusing on the online and mobile marketing industry. He holds a deep insight into the world of online marketing, including content development, emailing, social media, and performance-based marketing such as CPA, PPC, and CPI. Carter’s main area of focus is driving revenue through affiliates, leads, Google, Facebook, Instagram and Snapchat marketing and other revenue growth and expansion in the online ad network sector.
Jack Colton
VP of Brand Management
Bringing to Surge Holdings nearly twenty years experience in online marketing, conceptual startups, and branding, Jack serves as Surge Holdings’s VP of Brand Management to style and communicate the rollout of our Blockchain transactions platform and telecom products. Mr. Colton is accredited as the founder and namesake of one of the most-visited Las Vegas tourism websites online and has worked extensively in marketing the hospitality sector, regularly having received media coverage, accolades, and serving as celebrity journalist Robin Leach’s guest columnist for numerous publications. With a strong foundation in overseeing all aspects of digital startups, Jack looks forward to scaling each of our products all the way from concept to mass market with a constant eye towards innovation.
John Mott
VP of Blockchain Technology
Thirty plus years of software development experience which includes a diverse skillset including an early operating systems programming background in C/C++ and Assembler. For the last 15 years John has focused on web technologies, C#, .NET, MVC, MSSQL, PHP/MySQL, JavaScript, AJAX, JSON and Jquery with the most recent focus on Blockchain technologies, Ethereum, Cryptocurrency/Digital Assets and distributed ledgers with regards to real world applications.
Manny Flores
Independent Board Member
Mr. Flores currently sits on the government appointed Illinois Blockchain Taskforce. Manny has held various prominent financial regulatory positions including: Secretary – Illinois Department of Financial and Professional Regulation, Director – Illinois Department of Financial and Professional Regulation, Chairman – Illinois Commerce Commission, Alderman – City of Chicago, 1st Ward, and Congressional Aide – U.S. House of Representatives. Manny is a graduate of The George Washington University Law School.
Gary McCarter
Assistant to the Chairman of the Board
Versatile management veteran with Big Four audit experience (DeLoitte Touche) and extensive experience in driving revenue growth and bottom-line improvements through sound financial management and strategic business planning. While holding multiple CFO level positions with both public and private institutions domestic and international, Gary has a proven track record of strategic and financial planning, capital growth initiatives, mergers and acquisitions, business process improvement, P & L accountability and influencing actions for peak performance and profitability and negotiating solutions and applying best practices.
Margarita Elizondo
Strategic Social Responsibility
Drawing from experiences as an Accessibility Marketing Consultant, Public Relations Director and contributing writer for wheel-life.org, Maggie organizes and serves as a liaison for Surge Holdings to the membership of the disability communities with the goal of utilizing our corporate tools to protect and improve the quality of life for people with disabilities. Some of the significant awards Maggie has received are Ability Awareness Hero of the Year Award recognized by Union Bank and Channel KPBS, Ms. Wheelchair California, Shining Star Award of Excellence recognized by MWCC, Certificate of Recognition recognized by the City of Los Angeles and San Diego Certificate of Recognition recognized by Mayor Jerry Sanders.
SURGE CARES
It goes without saying that our team at Surge Holdings is focused on revenues, profit and growth of our company.
We hold a belief that we can focus on these things while investing our time, energy and spirit into our local communities by helping those who need it most. The returns we receive back from helping others is a driving force that feeds the core of the human spirit.
When you invest in Surge Holdings, you are not only a stakeholder in the financial aspect of our company, you have joined a group of well-meaning and dedicated people who can accomplish anything.
Source: https://surgeholdings.com/
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