Latest Updates

Latest Updates

10/11/2018

SurgePhone Offers Free Android with $25 Unlimited LTE Plan 

Las Vegas, October 11, 2018 (GLOBE NEWSWIRE) — Surge Holdings, Inc. (OTCQB:SURG), the Las Vegas-based Telecom and Fintech software company, today announced the rollout of it’s newest promotion featuring a free Android that includes unlimited talk, text and LTE Data for only $25 a month. 

The nationwide rollout of this promotion is available to individuals and businesses at www.surgephonesale.com

“We decided the best way to build our SurgePhone wireless brand was to give the money back to the consumer as opposed to spending it on marketing promos for things like commercials during the Super Bowl,” said Brian Cox, Surge Holdings CEO. “My hope is that this promotion will help a lot of hard-working folks save money while our efforts to offer a more robust wireless plan will result in these customers not only sticking with us but loyally purchasing other Surge products down the road.”

The SurgePhone promotion is true unlimited without caps or throttling. The only limits are the company limits 5 free Androids per household.  There are no contract requirements or a credit check.

ABOUT SURGE HOLDINGS:

Surge Holdings Inc., publicly traded under the stock symbol SURG, is a rapidly growing company that utilizes emerging technology to deliver products and services to convenience stores, bodegas and corner markets with the intent to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge offers a complete suite of telecom and Fintech products through wholly owned subsidiaries. 

Follow Surge Holdings and CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.

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.

Surge Holdings Corporate Communication

[email protected]

901-247-8095

10/09/2018

Surge Holdings Inc. Signs Multi-Million Dollar MOU with Pastime Foods

The MOU calls for adding 40,000 retail locations with a $1,500 a month per location commitment.

Las Vegas, October 8, 2018 (GLOBE NEWSWIRE) — Surge Holdings, Inc. (OTCQB:SURG) the Las Vegas-based telecom and Fintech software company intending to become the country’s leading provider of technology and consumable products to convenient stores, today announced an MOU commitment of 40,000 new store locations utilizing the SurgePays Blockchain SaaS portal with a commitment of $1,500 per month in sales per location.

“We have worked relentlessly over the last year aligning our products and support while engineering our SurgePays e-commerce portal to gear up for this type of rollout with a great company like Pastime Foods,” said Brian Cox, Surge Holdings CEO. “This is just the start of our push to add products and services to our SurgePays merchant portal while we aggressively add convenient stores and corner markets to our expanding merchant network.”

Pastime Foods CEO Tim Riedel stated, “This venture will enable Pastime Foods to utilize the technology offered by Surge to increase efficiency and sales while expanding our market reach footprint.”

Surge will begin delivering certain Pastime Foods products through the SurgePays portal while additionally offering the Surge Fintech and Telecom suite of products to all locations. Pastime Foods will leverage existing contracts, contacts and retail relationships to accomplish these initial joint rollout goals.

Cox Added, “We anticipate this rollout to be completed within the next 12 months. Surge should see an annual impact of $720 Million top line sales after 40,000 stores have been onboarded.  Additionally, I see our relationship with Pastime Foods growing far beyond this 40,000 store rollout.”

ABOUT SURGE HOLDINGS:

Surge Holdings Inc. is a rapidly growing company that utilizes emerging technology to deliver products and services to convenience stores, bodegas and corner markets with the intent to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge offers a complete suite of telecom and Fintech products through wholly owned subsidiaries.

For the latest news alerts for Surge Holdings, sign up at SurgeHoldings.com

Follow Surge Holdings CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.

ABOUT PASTIME FOODS:

Pastime Foods is an innovative sports licensing company focused on delivering branded foods to fans.  With agreements with a number of professional sports, teams, and players, the company has the unique opportunity to market and promote a unique portfolio of food products.  These products include frozen, refrigerated and shelf-stable products to grocery and convenience stores across the United States both directly and/or through distributor alternatives.

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 Contact:

Surge Corporate Communication

[email protected]

901-247-8095

09/27/2018

SURGE LAUNCHES ANDROID VOLT 5XL

5” QUAD CORE LTE SMARTPHONE TARGETS VALUE MINDED AND UNDERBANKED CUSTOMER

Surge Holdings, Inc. (OTCQB:SURG) a rapidly growing technology company with holdings in Telecom, Blockchain Fintech, and Digital Marketing, announced the rollout of the Surge Volt 5XL Android Smartphone.

“It is really gratifying to be able to offer customers a high-powered and quality smartphone that’s affordable,” said Brian Cox, Surge Holdings, CEO. “For a kick-off promotion, we have packaged the Volt with an extremely aggressive six months of SurgePhone Wireless service included, all for only $99.”

The Volt 5XL will be the flagship smartphone for SurgePhone Wireless and be sold online and distributed through the SurgePays Blockchain SaaS network of convenient stores, markets, bodegas, and wireless stores.

Cox further stated, “While ultimately the handsets are a vehicle to provide service and a means to create reoccurring, compounding revenue, we saw an opportunity to give the customer a legitimately better product while further monetizing the long-term relationship with our consumers.”

For more information on the Surge Volt 5XL and or the kick-off promotion, please visit SurgePhone.com

Sign up for SURGE STOCK ALERTSSurgeHoldings.com

Follow Surge and CEO, Brian Cox, on Twitter: @surgeholdings and @kbriancox.

Surge Holdings Inc. is a rapidly growing company that utilizes emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked.

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.

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: [email protected]

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.