My strategy for business building over the last 18 years has been based on recurring revenue from providing life-enhancing technology products for the underbanked with a focus on “Relationships.” During this time period, the market has grown to over 100 million prepaid wireless users in the USA with approximately 35% of the country now falling into the underbanked category. This is the last digital frontier and Surge is positioned for the land grab.
While Surge is a holding company with several subsidiaries, our core value will be driven by our SurgePays Marketplace Software. The SurgePays Marketplace is built on Blockchain Technology and has created a new sales channel that disrupts the traditional c-store distribution and products sales model by providing local retailers direct access to regional manufacturers from around the country. This Marketplace software platform additionally provides manufacturers a lower cost and more efficient platform to access mom-n-pop retailers to sell products nationwide without the need to offer cash-flow crunching “net” terms to distributors.
My personal goal is to have 100,000 convenience store locations in our SurgePays network with each store processing an average of $1,500 – $2,500 a month by 2021. We will also explore M&A strategies to own more brands we can input into our distribution channel.
Our exceptional team is over 125 members strong in Memphis, Chicago, Atlanta, Las Vegas, and El Salvador. We have built to scale far beyond what is required to not only uplist to NASDAQ, but to push far beyond that initial goal by leveraging the increased liquidity and exposure to hit the gas even harder while accelerating revenue growth.
ENERGY. DISCIPLINE. RELENTLESS EXECUTION.