Memphis, TN – April 18, 2019 – Surge Holdings, Inc. (“Surge”) (OTCQB: SURG), developer of the SurgePays™ retail blockchain network, is pleased to announce it has received registered trademark status for its Surge™ logo by the US Patent and Trademark Office.
Brian Cox, CEO and Chairman of Surge Holdings, commented, “This trademark approval is a key milestone, as we rapidly build our brand around the SurgePays™ retail blockchain network, which transforms the traditional retail supply chain by providing ‘mom and pop’ retailers as well as corner stores with a virtual distribution hub to access global products. As evidence of our traction and growing brand awareness, we are on track to roll out the platform to approximately 40,000 retail locations by the end of this year alone. In addition, we are increasing our brand awareness among consumers through our SurgePhone Wireless service and our SurgePays™ reloadable debit card. These products are expected to generate a significant and high margin recurring revenue stream for Surge in the months and years ahead. More importantly, these products are designed to attract retailers to our distribution platform by providing them highly differentiated and recurring revenue products targeting low income and under-banked consumers. This latest trademark will serve to further protect our brand as we seek to rapidly establish our pre-eminent position within the market.”