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| SURG Updates on Progress and Big Plans for 2020 |
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 Hot Stock to Watch |
Company: Surge Holdings, Inc. (OTCQB: SURG)
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Last:
Price: 0.2914
Change (%): - 0.0186 (6.00)
Volume: 8,020 |
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SurgePhone Wireless Completes Integration with ECS Prepaid Nationwide Network
Launches Realtime Network Transaction Tracker
Memphis, TN , Jan. 30, 2020 (GLOBE NEWSWIRE) - Surge Holdings, Inc. (“Surge”) (OTCQB: SURG), developer of the SurgePays™ Marketplace Network for convenience stores, bodegas and community markets that provide products to the underbanked, today provided an update on the integration of the SurgePays™ Marketplace Network with ECS’s 9,800 locations. Surge has completed the onboarding of SurgePhone Wireless to ECS’s network and expects to commence rolling out its SIM Starter Kits in the next 30 days. The Company also announced that it has launched a real time national transaction tracker for the ECS and SurgePays™ networks, which is available to view at https://surgepays.com/live/.
Brian Cox, Chairman and CEO of Surge Holdings, commented, “We are pleased with how the integration of ECS is progressing, which we expect to add nearly $50 million of additional revenue on an annualized basis. ECS’s prepaid wireless business and software platform already process over 18,000 transactions per day and add about 9,800 retail locations to the SurgePays™ Network. The wholesale products portion of the SurgePays™ Marketplace should be fully integrated shortly and we are actively working on syncing up new product launches to coincide with the completion of merging the two platforms. We have successfully onboarded SurgePhone Wireless to the ECS platform and will be rolling out the SIM kits to strategic locations in the coming weeks. This offering is particularly well suited for those in rural areas where there aren’t many prepaid options. We are building another branded wireless product suited for the urban stores that comes packaged with a phone that will retail for under $60. By interconnecting the Surge Marketplace Network with the ECS platform, we are also able to leverage the combined buying power of the two platforms, including our wireless products.”
Mr. Cox added, “Finally, I am excited to report the launch of a real-time national transaction tracker, where shareholders can see in real time the millions of dollars in transactions that are taking place on our platform and will be able to observe firsthand as our network grows with more stores being added nationwide on a daily basis.”
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