First Blockchain Company to Sign with Government Entity
Las Vegas, Jan. 25, 2018 (GLOBE NEWSWIRE) — Surge Holdings, Inc.; a company whose subsidiaries operate in various sectors including Blockchain Technology Software, Telecommunications, Social Media Marketing and Cryptocurrency Mining; announced that its wholly owned subsidiary, Surge Blockchain, has signed an agreement to partner with the Oklahoma Municipal League (OML) in facilitating utility payments for up to 1.7 million households across the state. The Surge Blockchain software platform licensing technology will assist residents of Oklahoma in making more convenient and timely payments while increasing revenue assurance for Utility companies.
Surge CEO Brian Cox states: “Partnering with the OML will rapidly accelerate the expansion of our distribution and transaction network throughout the state of Oklahoma.” Cox continued, “This is huge too, because we are the first blockchain company to sign a deal with a government entity.”
Oklahoma has more than 1.7 million households within its more than 500 municipalities across the state. Due to the vast rural areas, many of those homes are not conveniently located near municipal offices to pay their utility bills. Most of these rural municipalities lack the ability to receive payments outside of regular office hours. Surge payment software will provide these utility customers a convenient method to pay their bills at local stores on the Surge network. In addition, it will allow municipal governments to foster economic growth in their communities by partnering with private sector businesses.
“We appreciate the endorsement of our software capabilities and impact on utility companies, local businesses and ultimately making life more convenient for many residents of Oklahoma. We will pursue the same model in other states.” added Cox.
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ABOUT SURGE HOLDINGS, INC.
Surge Holdings, Inc. is a fully reporting, publicly traded company whose profitable subsidiaries operate in various sectors including Blockchain Technology Software, Telecommunications, Social Media Marketing and Cryptocurrency Mining.
About The Oklahoma Municipal League
The Oklahoma Municipal League serves as the individual and collective voice of local government officials in interactions at both the state and national levels. The League provides services and programs to its members to assist them in better serving their citizens and communities and acts as a clearinghouse to offer services which individual cities and towns do not have the time, money or expertise to provide alone.
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.
Omnivance Advisors, Inc. Daniel Wong Dan@omnivanceadvisors.com 858-381-5740