Business
SurgePays Announces Third Quarter 2020 Financial Results and Provides Corporate Update
Revenue for the nine months ending September 30, 2020 increased $30.8 million or 251% SurgePays, Inc. is currently trading as Surge Holdings, Inc. (SURG). Its
About this update from Surgepays, Inc.
[{"type":"text","content":"Revenue for the nine months ending September 30, 2020 increased $30.8 million or 251%\n SurgePays, Inc. is currently trading as Surge Holdings, Inc. (SURG). Its name change to \"SurgePays, Inc.\" is expected to take effect soon. BARTLETT, Tenn., Nov. 17, 2020 (GLOBE NEWSWIRE) -- SurgePays (OTCQB: SURG) (“Surge” or the “Company”), a fintech company meeting the needs of the underserved and underbanked, announces financial results from the third quarter ending September 30, 2020 and provides a financial update. Corporate highlights and recent developments include: Announced rebranding to SurgePays to better reflect the Company’s orientation around its fintech platformLaunched proprietary 4SIM™ wireless activation technologyRetained CORE IR to assist the Company with investor relations, public relations, advisory and shareholder communications “The third quarter of 2020 continued to exceed expectations with regard to revenue, product diversification, and penetration, as the Company continued its strong growth. Concurrently, we are sharpening our focus to ensure that the Company operates efficiently and ensure that both our customers and our stockholders have a clear understanding of our business and of our path forward. We are very excited for the future of SurgePays and believe that the next few quarters will continue to demonstrate dynamic growth and progress,” stated Brian Cox, SurgePays’ Chief Executive Officer. “We believe SurgePays as a brand is better representative of our focus on our fintech software platform that processes third-party prepaid wireless activations and top-ups, gift card activation and loads, and wireless SIM activation, providing a more precise direction as a public company as we implement our growth strategies and continue to work towards a listing on a major exchange. The SurgePays system drives value and growth by enabling 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. Moreover, our platform offers an innovative supply-chain marketplace for convenience store, bodega and tienda owners to order many top selling products for their stores at a deeper wholesale discount than traditional distribution due to utilizing the Direct Store Delivery (DSD) model,” Mr. Cox concl...