Commitment to 40,000 new store locations!
Las Vegas, Oct. 09, 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 on-boarded. Additionally, I see our relationship with Pastime Foods growing far beyond this 40,000 store rollout."
