Thursday, March 08, 2018 10:02:17 AM
Las Vegas, March 08, 2018 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (OTCQB:SURG) a company whose subsidiaries operate in various sectors including Blockchain Fintech Software, Telecommunications, Social Media Marketing and Cryptocurrency Mining; announced today that True Wireless has been approved for a $500,000 bank line of credit for the purposes of manufacturing custom handsets.
“We have been working on this custom Android project for over a year,” stated Brian Cox, CEO of Surge Holdings, Inc. “There is a high demand for that perfect sweet spot “high value – low cost” GSM Android. The Surge Android will be marketed and distributed online as well as through our SurgePays network of merchants. The smartphone will be available to SurgePhone wireless customers and also can be used by customers on other wireless carriers.” added Cox.
The custom manufactured Android will have a 5” LCD screen, 8GB of memory and the most recent Android operating system. The handset will come with preinstalled Blockchain and Cryptocurrency apps that will drive additional revenue for Surge. Full specifications and pictures will be released using the Surge Holdings News Alerts mailing list.
Cox also said “This is perfect timing related to closing the final reorganization transaction for Surge and True Wireless. Surge will leverage this LOC for an initial order of around 12,000 handsets while looking to scale up quickly.”
The funding gives Surge Holdings, Inc. access to scalable, non-dilutive funds and shows the continual commitment to maximizing shareholder value while building the foundation for aggressive growth.
For more information, go to surgeholdings.com and subscribe to the Instant News Alerts in addition to real-time Company information and market updates, news, blogs, investor relations materials, and more.
Follow us on twitter @surgeholdings, like us on Facebook @surgeholdingsinc.
ABOUT SURGE HOLDINGS, INC.
Surge Holdings, Inc. is a fully reporting, publicly traded company whose subsidiaries operate in various sectors including Blockchain Fintech Software, Telecommunications, Social Media Marketing and Cryptocurrency Asset Mining.
FORWARD LOOKING STATMENTS
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.
Omnivance Advisors, Inc.
Daniel Wong
Dan@omnivanceadvisors.com
858-381-5740
Recent SURG News
- SurgePays Announces First Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 05/06/2024 08:01:00 PM
- SurgePays to Participate in Water Tower Fireside Chat Series • GlobeNewswire Inc. • 04/18/2024 08:55:37 PM
- SurgePays Announces Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/12/2024 08:01:00 PM
- SurgePays Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call • GlobeNewswire Inc. • 03/05/2024 09:01:00 PM
- Congressman David Kustoff Visits SurgePays Headquarters in Bartlett, Tenn. • GlobeNewswire Inc. • 02/27/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 10:00:33 PM
- SurgePays Taps Derron Winfrey as Vice President • GlobeNewswire Inc. • 02/16/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 10:25:22 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/05/2024 09:34:15 PM
- SurgePays Announces Strategic Partnership with SIN PIN • GlobeNewswire Inc. • 01/23/2024 01:30:00 PM
- SurgePays Announces Closing of $15 Million Public Offering • GlobeNewswire Inc. • 01/22/2024 11:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 02:00:13 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/19/2024 09:30:29 PM
- SurgePays Announces Pricing of $15 Million Public Offering • GlobeNewswire Inc. • 01/18/2024 01:01:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/17/2024 09:05:50 PM
- SurgePays Announces Proposed Public Offering • GlobeNewswire Inc. • 01/17/2024 09:05:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 02:00:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:30:25 PM
- Jeremy Gies Appointed to President of SurgePays, Inc. • GlobeNewswire Inc. • 01/12/2024 09:01:00 PM
- Garth Billstin Named Vice President of Sales for SurgePays • GlobeNewswire Inc. • 01/10/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 01:00:34 PM
- SurgePays Acquires ClearLine Mobile • GlobeNewswire Inc. • 01/09/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 09:55:32 PM
- SurgePays Announces Record Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 11/14/2023 09:01:00 PM
- SurgePays Places Number 345 on the 2023 Deloitte Technology Fast 500 Fastest-Growing Companies in North America • GlobeNewswire Inc. • 11/14/2023 01:30:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM