Launches Realtime Network Transaction Tracker
Memphis, TN – January 30, 2020 – Surge Holdings, Inc. (“Surge”) (OTCQB: SURG), developer of the SurgePays™ Marketplace Network for convenience stores, bodegas and community markets that provide products to the underbanked, today provided an update on the integration of the SurgePays™ Marketplace Network with ECS’s 9,800 locations. Surge has completed the onboarding of SurgePhone Wireless to ECS’s network and expects to commence rolling out its SIM Starter Kits in the next 30 days. The Company also announced that it has launched a real time national transaction tracker for the ECS and SurgePays™ networks, which is available to view at www.surgepays.com/live/.
Brian Cox, Chairman and CEO of Surge Holdings, commented, “We are pleased with how the integration of ECS is progressing, which we expect to add nearly $50 million of additional revenue on an annualized basis. ECS’s prepaid wireless business and software platform already process over 18,000 transactions per day and add about 9,800 retail locations to the SurgePays™ Network. The wholesale products portion of the SurgePays™ Marketplace should be fully integrated shortly and we are actively working on syncing up new product launches to coincide with the completion of merging the two platforms. We have successfully onboarded SurgePhone Wireless to the ECS platform and will be rolling out the SIM kits to strategic locations in the coming weeks. This offering is particularly well suited for those in rural areas where there aren’t many prepaid options. We are building another branded wireless product suited for the urban stores that comes packaged with a phone that will retail for under $60. By interconnecting the Surge Marketplace Network with the ECS platform, we are also able to leverage the combined buying power of the two platforms, including our wireless products.”
Mr. Cox added, “Finally, I am excited to report the launch of a real-time national transaction tracker, where shareholders can see in real time the millions of dollars in transactions that are taking place on our platform and will be able to observe firsthand as our network grows with more stores being added nationwide on a daily basis.”
SurgePhone Wireless’ $10 and $30 service plans can also be purchased online at www.surgephone.com.
About Surge Holdings, Inc:
Surge Holdings, Inc. operates the SurgePays™ Marketplace, a product sales channel that disrupts the traditional c-store supply chain model by providing independent and local retailers direct access to regional manufacturers from around the country. Surge leverages its wholly owned subsidiaries (value driven prepaid wireless and fintech products) to build relationships with convenience stores, bodegas, tiendas and community markets that serve the underbanked and unbanked – approximately 35% of the US population. Once a store is onboarded to the SurgePays™ Marketplace, and the trusted profit partnership is established, Surge upsells other consumable goods by connecting manufacturers directly to these retail stores. The SurgePays™ Marketplace provides manufacturers measurable cost savings by cutting out distributors and offers an efficient platform to access independent retailers to sell products nationwide with improved payment terms. For more information on Surge Holdings and its subsidiaries, please visit: www.surgeholdings.com.
Forward Looking Statements
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