Latest Updates

Latest Updates

09/12/2018

Surge Holdings To Offer Money Order Services

Las Vegas, Sept. 12, 2018 (GLOBE NEWSWIRE) — 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.

Investor Information: Invest@SurgeHoldings.com

08/30/2018

SURGE HOLDINGS, INC. SHAREHOLDER UPDATE

Strategic Priorities and Operational Initiatives to Accelerate Growth and Create Long-Term Shareholder Value

Las Vegas, August 30, 2018 (GLOBE NEWSWIRE) — Surge Holdings, Inc. (OTCQB: SURG) announces a set of strategic goals for the 3rd and 4th quarters 2018 to accelerate revenue growth and create long-term shareholder value.

Surge Holdings details three strategic product launches to rapidly drive revenue and earnings momentum:

  • Rollout the SurgePays Reloadable Debit Card in a new Surge Fintech subsidiary.
  • Introduce the first free wireless service independent of a government subsidy.
  • Launch the Surge Money Order product.

Surge Holdings CEO, Brian Cox, said, “Upon full launch of these three products, I believe we will have successfully achieved a product suite that not only monopolizes the Fintech and Telecom market at the convenient store level, but this lockdown and exclusivity could allow Surge to realize a minimum of $1,500 monthly sales revenue per merchant location.”

Operational Initiatives:

  • Quadruple our sales force of ISO/Salespeople to exponentially ramp up merchant locations– points of Surge product distribution.
  • Opening SurgePhone Wireless Corporate and Franchise stores.
  • Testing energy drink and other consumables distribution through our portal in Memphis and OKC.
  • Lock down operational cost controls by acquiring a stake in the nearshore BPO, Centercom Global.
  • Introduce significant celebrity brand ambassadors.
  • Overhaul and update corporate website including a shareholder portal.

“While certain growth capital expenses are expected, our economies of scale and experienced team offsets many of the normal costs incurred when launching products or growing a one product company,” said Cox, “we will move fast but strategic in our conquests. Over the past year we have taken several actions to enhance our foundation to accelerate growth and create long-term shareholder. Surge Holdings has been built for speed and to scale rapidly so that we can move swiftly toward our 2019 EOY target of 15,000 locations.”

A Look Back:

First Six Months 2018 Financial Results Summary

Revenue totaled $7,485,485 in the six months ended June 30, 2018. Gross margin was 47.6%.

Operating Expenses in the first six months of 2018 totaled $3,348,964 Operating Profit was $216,329.

Management Commentary:

“Surge’s results for the second quarter of 2018 continue to demonstrate the realization of Surge’s strategy to expand our various business sectors while leveraging our existing infrastructure, including human capital, to offer additional products and services while keeping controls on operational costs low. This allows us the luxury to offer a better product to the customer while aggressively compensating our merchants and sales people – the Surge competitive advantage and my formula for hyper-growth and profitability, “said Brian Cox, CEO of Surge Holdings.

Make sure to follow CEO Brian Cox on Twitter for thoughts, insight, and progress of not only the short-term goals prioritized in this update, but relevant and material news for SURGE: @kbriancox.

For the latest updates on the happenings at Surge Holdings, please visit surgeholdings.com and sign up for our instant news alerts.

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.

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.

08/08/2018

Third Party Analyst Goldman Small Cap Research Issues Research Report On Surge Holdings, Inc.

Third party analyst, Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research report on Surge Holdings, Inc. (SURG).

The report carries a rating and a noteworthy price target.

To download the new research report, along with disclosures and disclaimers, please visit this link.

To view this article in it’s entirety on Yahoo Finance: please click here.

08/07/2018

CEOLive.tv Interview With Surge Holdings CEO Brian Cox

For the full 11 Minute interview, please click here.

 

07/30/2018

SURGE HOLDINGS ANNOUNCES AGREEMENT WITH OKLAHOMA GROCERS ASSOCIATION

SIGNUP FOR NEWS ALERTS

State Association to Promote Services Provided by Surge Holdings, Inc. to Over 2,000 Members

Las Vegas, July 30, 2018 (GLOBE NEWSWIRE) — Surge Holdings, Inc. (OTCQB:SURG) a technology company that wholly owns subsidiaries in Telecommunications, Fintech and Blockchain Software, announced an agreement with the Oklahoma Grocers Association to actively promote Surge products and services to its 2,000 retail member stores.

“OGA is extremely pleased to complete this agreement with Surge and officially recommend them as a preferred provider to our members, said Ron Edgmon, OGA President & CEO. “We feel Surge’s innovative products, combined with a responsive team and high level of customer service, will benefit our members, and we look forward to growing this relationship.”

The Oklahoma-based Surge sales and support team will immediately begin setting up branded point of sale materials and training OGA member stores for SurgePays Blockchain Platform (providing top-ups for all prepaid companies) and the SurgePhone discounted wireless service.

“Considering the foot traffic of independently owned supermarkets and convenience stores, these locations will be great points of distribution for not only our existing products, but additionally our Surge Androids, accessories and other upcoming Fintech and physical products launching this year.” Surge CEO, Brian Cox, said. “This is an extremely powerful endorsement of both SurgePhone Wireless and SurgePays Blockchain Software Platform that will not only benefit us in Oklahoma but on a nationwide basis,”

For the latest updates on the happenings at Surge Holdings, please visit surgeholdings.com and sign up for our instant news alerts.  Also, follow Surge and CEO, Brian Cox, on twitter: @surgeholdings and @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 OKLAHOMA GROCERS ASSOCIATION
Founded in 1938, Oklahoma Grocers Association (OGA) is a state trade association that represents the food industry of independent grocers, convenience stores, suppliers, and wholesalers throughout Oklahoma. The Association strives to continue building a stronger food industry while also offering cutting edge, quality services to members. For more information, visit www.okgrocers.com. OGA can also be found on Twitter (@OkGrocers) and Facebook by searching Oklahoma Grocers Association.

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 Investor Information:

Invest@SurgeHoldings.com

SIGNUP FOR NEWS ALERTS

07/27/2018

SurgePhone announces first shipment of 20,000 proprietary wireless devices — the SurgePhone Volt_5XL

SurgePhone is excited to announce the upcoming first shipment of 20,000 proprietary wireless devices — The SurgePhone Volt_5XL. The SurgePhone Volt_5XL will be available to use on all SurgePhone prepaid wireless plans, through the SurgePays network, and for direct-to-consumer purchase.