SurgePays Inc (SURG)

[sevendoubler]

repost> (This acquisition marks another major milestone for the Company, as we expect these businesses to immediately add over $48.7 million in annualized revenue, bringing our expected annualized revenue run rate to over $60.0 million.)

10-03-2019...Brian Cox, Chairman and CEO of Surge Holdings, commented, “This acquisition marks another major milestone for the Company, as we expect these businesses to immediately add over $48.7 million in annualized revenue, bringing our expected annualized revenue run rate to over $60.0 million. This transaction also adds over 9,800 retail customer locations to which we can now cross market our SurgePays Network products, SurgePays™ Reloadable Debit Card, SurgePhone Wireless and SIM Starter Kits. I look forward to integrating our operations with the experienced team and infrastructure at ECS, which we expect to generate significant operating synergies, including elimination of redundant expenses, to enhance profitability of the combined entities. In the meantime, we continue gaining traction in the market and are moving ahead aggressively with the rollout of the SurgePays Network through AATAC, one of the largest private trade associations, representing over 110,000 retail locations. The transaction also enhances our shareholders’ equity, which brings us another step closer to our near-term goal of listing on a national exchange. We look forward to providing further updates on this integration as well as our rollout with AATAC and other organizations.”

https://surgeholdings.com/latest-update/