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SurgePays, Inc. Retires Additional Debt>
https://ir.surgepays.com/news-events/press-releases/detail/81/surgepays-inc-retires-additional-debt
NEWS> SurgePays, Inc. Closes Bridge Financing
$2.0 Million Bridge Financing Paves the Way Toward Nasdaq Up-listing and Provides Capital for Continued Business Plan Execution
BARTLETT, Tenn., March 10, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG) (“SurgePays” or the “Company”), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today provides a corporate update to shareholders that includes the closing of a bridge debt financing with total proceeds of $2.0 million.
The proceeds from the bridge loan will be used to retire existing convertible debt and to invest in sales and marketing initiatives. The Company is building an outbound sales team in its Memphis office to grow in-store sales of prepaid products and other top selling wholesale products through enhanced relationship management. The SurgePays Prepaid Center and other products can be seen at www.surgepays.com
“The closing of this bridge marks another major milestone in the Company’s efforts to qualify for and up-list to the Nasdaq stock exchange,” commented SurgePays Chairman and CEO Brian Cox. “The timing of this financing is significant, as we expect our investments to result in the addition of more stores to our distribution network as well as increased sales per store. We are spearheading sales of additional SurgePays fintech products for the underbanked population and adding high margin wholesale products processed through our next-generation supply chain. This is a very exciting time for SurgePays, and we look forward to reporting additional accomplishments in the future.”
About SurgePays, Inc.
SurgePays, Inc. utilizes its blockchain software platform to offer a comprehensive suite of prepaid, financial services for the underbanked, and top selling wholesale products to independently owned convenience stores, mini-marts, tiendas, and bodegas more cost efficiently than existing wholesale distribution models. Please visit www.SurgePays.com for more information.
Company Contact:
Tony Evers CPA, CIA
Chief Financial Officer
Chief Operating Officer
847-648-7541
tevers@surgeholdings.com
Media Relations:
Jules Abraham
Director of Public Relations
CORE IR
917-885-7378
julesa@coreir.com
Investor Relations Contact:
CORE IR
Joseph Delahoussaye III
V.P. of Investor Relations
516-222-2560
invest@surgeholdings.com
Cautionary Note Regarding Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecasts," "forecasting," "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the accuracy of the Recruiter Index® survey, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission (“SEC”), including on our Form S-1/A filed with the SEC on February 16, 2021. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future developments, or otherwise, except as may be required by law.
Source: SURGEPAYS, INC.
Released March 10, 2021
https://ir.surgepays.com/news-events/press-releases/detail/79/surgepays-inc-closes-bridge-financing
SURG looking good...Congrats to all shareholders.
NEWS...SurgePays, Inc. Provides Strategic Update in Letter to Shareholders
https://ir.surgepays.com/news-events/press-releases/detail/78/surgepays-inc-provides-strategic-update-in-letter-to
NEWS> SurgePays Adds Jay Jones, Seasoned Telecom and Software Development Executive, to its Board of Directors
https://ir.surgepays.com/news-events/press-releases/detail/77/surgepays-adds-jay-jones-seasoned-telecom-and-software
NEWS> SurgePays Welcomes David May, Leader in the Financial Industry with Deep Ties to Convenience Retail, to Board of Directors
https://ir.surgepays.com/news-events/press-releases/detail/76/surgepays-welcomes-david-may-leader-in-the-financial
hummm 250k bid at .12 over 500k volume
Dang sky's not falling after all...SURG investors accumulating.
HUGE vol 1.9 million traded today...Investors accumulating SURG
Merry Christmas SURG shareholder
Good Morning Ladies-and-Gentlemen...Check out SURG Real-time Revenue Tracker>>>
https://ecsmarketplace.com/live/
SURG form 4's...leadership acquiring 100's thousands of shares>
https://ir.surgeholdings.com/sec-filings/all-sec-filings
Happy Thanksgiving fellow SURG shareholders.
Congratulations...SurgePays Named to the Deloitte Technology Fast 500 Rankings for Second Year Running
https://ir.surgeholdings.com/news-events/press-releases/detail/75/surgepays-named-to-the-deloitte-technologyfast-500
NEWS...Surge Holdings, Inc. Announces Rebranding to SurgePays 11/10/2020
Bartlett, TN, November 10, 2020 (GLOBE NEWSWIRE) – Surge Holdings Inc. (OTCQB: SURG) (“Surge” or the “Company”), a fintech company meeting the needs of the underserved and underbanked, announces today that the Company plans to rename itself SurgePays, subject to FINRA’s approval, to better reflect the Company’s current business model and direction. The Company’s ticker symbol will remain the same.
“Surge Holdings was a conglomeration of multiple business lines that, while growing and exciting unto themselves, did not always provide a streamlined direction with clear messaging for a single public company to be most effective on a major exchange. Renaming the Company SurgePays and orienting it around our SurgePays fintech platform, we believe we are taking another necessary step to accomplish our big picture goals more effectively,” said SurgePays CEO and Chairman Brian Cox. “We are very excited about the future of SurgePays and believe that this name change will provide a clearer understanding of our business for investors.”
The SurgePays system is a fintech software platform that processes third-party prepaid wireless activations and top-ups, gift card activation and loads, and wireless SIM activation. It enables retailers to instantly add credit to any prepaid wireless customer’s account for any carrier, providing the merchant commissioned transactions, increased foot traffic, and customer loyalty. Additionally, SurgePays offers an innovative supply-chain marketplace for convenience store, bodega and tienda owners. Retailers can order many top selling products for their store, at a deeper wholesale discount than traditional distribution due to utilizing the Direct Store Delivery (DSD) model.
About SurgePays, Inc.
SurgePays, Inc. is meeting the needs of underserved markets in financial technology, telecommunications, and digital media. It offers prepaid wireless and underbanked financial products and services, along with popular consumer goods, to retail merchants (such as operators of convenience stores, bodegas, and gas stations) that address the needs of many store customers nationwide.
The SurgePays system is a fintech software platform that processes third-party prepaid wireless activations and top-ups, gift card activation and loads, and wireless SIM activation. It enables retailers to instantly add credit to any prepaid wireless customer’s account for any carrier, providing the merchant commissioned transactions, increased foot traffic, and customer loyalty. Additionally, SurgePays offers an innovative supply-chain marketplace for convenience store, bodega and tienda owners. Retailers can order many top selling products for their store, at a deeper wholesale discount than traditional distribution due to utilizing the Direct Store Delivery (DSD) model.
Company Contact:
Tony Evers CPA, CIA
Chief Financial Officer
Chief Operating Officer
(262) 347-7289
tevers@surgeholdings.com
Media Relations:
Jules Abraham
Director of Public Relations
CORE IR
917-885-7378
julesa@coreir.com
Investor Relations Contact:
CORE IR
Joseph Delahoussaye III
V.P. of Investor Relations
516-222-2560
invest@surgeholdings.com
Related Post
15 OCT, 2020
Surge Holdings, Inc. Engages CORE IR to Provide Investor Relations, Public Relations, and Shareholder Communications Services
https://surgeholdings.com/2020/11/10/surge-holdings-inc-announces-rebranding-to-surgepays/
More form 4's...Over a million shares purchased recently.
More form 4's SURG Leader are Buying>
https://ir.surgeholdings.com/sec-filings/all-sec-filings
Speaking of filings SURG next Quarterly report Mid-November.
News> Surge Holdings, Inc. Engages CORE IR to Provide Investor Relations, Public Relations, and Shareholder Communications Services
https://ir.surgeholdings.com/news-events/press-releases/detail/72/surge-holdings-inc-engages-core-ir-to-provide-investor
now 500k bid at .095
SURG ECS Tracker> Real-time Revenue Transactions
https://ecsmarketplace.com/live/
https://surgeholdings.com/
Fellow Shareholders New SURG Video Update>
Brian Cox Discusses 4SIM Activation On MoneyTV
Scroll down to MEDIA
https://surgeholdings.com/
Nice bid support today...83K
Nice article, thanks for sharing FunDude.
Checkout SURGE ECS Tracker...Good day for Surgepays>
https://surgepays.com/live/
Good News...SURG Shareholder Update Call on July 21st
https://ir.surgeholdings.com/news-events/press-releases/detail/69/surge-holdings-announces-shareholder-update-call-on-july
Thanks StockHighAlert for sharing this SURG update.
Eliminated 4/million dollars of debt off balance sheet. Good news for shareholders and the company. Thanks for pointing this out.
http://moneytv.net/this-weeks-show/
SURG Update> Fellow Shareholders New SURG Video Interview>>>
http://moneytv.net/this-weeks-show/
SURG first quarter 10Q filing out>
https://ir.surgeholdings.com/sec-filings
Good weekend fellow shareholders...checkout SurgePays real-time revenue tracker>
https://surgepays.com/live/
Fellow Shares Holder...Check out SurgePays Real-time tracker.
Business looks good, nice amount of transactions this past hour.
https://surgepays.com/live/
Totally Agree...Excellent growth
SURG...Increase in Sales $15.8 Million First Quarter 2020
https://ir.surgeholdings.com/