When was the last time you seen a company where revenue led price by this much? SURG is it.
Surge Holdings, Inc ($SURG), a publicly-traded company offering wireless, telecom, payment services, and an industry-changing virtual wholesale distribution portal for retailers, is capitalizing by focusing on the 77 million Americans with no contract cell phones, and the 51% of the population that has below grade, or invisible credit.
Surge Holdings utilizes emerging technology to improve the quality of life for these millions of people who are unbanked, under-banked or often overlooked. This budget-conscious demographic typically does not want to be locked into contracts and regularly will cash their checks and pay bills at the over 300,000+ corner stores, markets, and bodegas near their homes multiple times each week. This broad and underserved market is where the Surge Holdings plan provides a competitive advantage to grab fantastic market share.
SURG utilizes their proprietary SurgePays Blockchain Portal to create a distribution railway into these stores. The basic service, topping off payments to other carriers, allows stores to offer new and existing customers a pathway for the payments they need, like paying virtually any cell phone carrier with cash.
SURG then bundles other wireless services, wireless phone sales, municipal government payments, pre-paid debit cards branded with the big three: MasterCard/Visa/Discover.
One of the most excited, potentially game-changing opportunities within the SurgePays portal, is that it allows for the decision makers at thousands of retailers to be marketed to directly for the wholesale distribution of additional products for their stores. Opening the door for Surge to distribute wholesale consumables such as energy drinks, CBD oils, snacks, and anything else that might appeal to their specific customer base.
This direct access to the owners of the nation’s countless, hard to reach “mom and pop” stores removes the need for a national sales force to bring products to their attention. Now the stores can research and purchase products directly through the SurgePays Portal. The retailer orders their products, Surge processes the payment and issues the purchase order, and then the vendor dropships the products directly to the retailer.
A recent independent research report for Surge Holdings, Inc. stated, “the key metric for investors: an estimated $1.5M in monthly revenue per 1,000 stores, which should be continually replicated with greater sales penetration over time. The most recent shareholder update stated a target of 15,000 retail locations by year-end 2019. This estimate equates to $22.5 million per month in topline revenue. Current revenues are approximately $1.4 million a month, so this is 16x, or a 1,600% increase.
SURG is also endorsed as a preferred wireless and payment provider for both government and private associations alike. One of the most recent examples is the Oklahoma Grocer’s Association endorsement, which was for 2,000 convenience stores.
With over 154,000 convenience stores throughout the United States — not including grocery stores, liquor stores or other potential distribution locations, we are talking less than 10% market penetration for a management team who has grown this same type of service to over $17 million a month as a private company, and before offering prepaid wireless.
The SURG team led by CEO, Brian Cox has generated hundreds of millions in annual revenue in private companies. Now in the public sector, his model for business building over the last 18 years has proven a success. It is based on the rock of recurring revenue from life-enhancing technology products and lifting people up. He is continuing to do that now in Surge. By building an OTCQB up to the big board so that shareholders who believe in the company now can take the profit ride up with the company!
When was the last time you saw a company where revenue led price by this much? When was the last time you saw an OTCQB with earnings and such a power team? SURG is it!
Knowledge is power. Sign up to receive updates and special offers on Surge and their products!
Surge Holdings Retires $4 Million of Notes at $0.50 Per Share; Cancels 2.4 Million Common Shares with Option to Cancel an Additional 950,000 Shares
Memphis, TN, June 29, 2020 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (SURG), a holding c...Read More
This Week on MoneyTV with Donald Baillargeon, 6/26
HOLLYWOOD, CA / ACCESSWIRE / June 26, 2020 / Coping economically in challenging times, s...Read More
Surge Holdings Revenues Increase Four-Fold to $15.8 Million for the First Quarter of Fiscal 2020
Annualized revenue run rate in excess of $60 million and growingMemphis, TN, June 22, 2...Read More
Surge Holdings Provides Year-End Business Update; Annual Revenue Increases 68.9% to $25.7 Million for 2019 Versus $15.2 Million for 2018
Reports favorable outlook for continued revenue growth and cash flow in 2020Memphis, TN,...Read More
Surge Holdings Reports 307% Increase in Sales to $15.8 Million for the First Quarter of 2020
Surpasses $60 million annualized revenue run rateMemphis, TN, May 20, 2020 (GLOBE NEWSWI...Read More
Surge Revenue Increases 263% to $13.4 Million for the Fourth Quarter of 2019 Versus Same Period Last Year
Memphis, TN, April 29, 2020 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (“Surge”) (SURG), d...Read More
Surge Logics Reports Record $2.98 Million in Sales for March 2020
Monthly sales increase 121% sequentially from February 2020 and more than nine-fold from...Read More
Surge Provides Urgent Care Response Products Through its Direct Wholesale Marketplace
Surge procures hand sanitizer, surgical masks, gloves and other essential goods to suppl...Read More
Surge Holdings Launches Loco Rabbit Brand “Grab-n-Go” Phones
Loco Rabbit brand targets the 100 million customers already using prepaid devicesMemphis...Read More
Surge Holdings Announces Appointment of Senior Finance Executive Anthony Evers as Chief Financial Officer
Memphis, TN, March 30, 2020 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (“Surge”) (SURG), ...Read More
Disclaimer: Verify all claims and do your own due diligence. Corporate Ads profiles are not a solicitation or recommendation to buy, sell or hold securities. Corporate Ads is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Corporate Ads is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. Corporate Ads is paid One Thousand Dollars per month. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), Neither Corporate Ads nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Corporate Ads receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Corporate Ads statements and opinions and such statements and opinions cannot be considered independent. Corporate Ads and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be “forward looking statements”. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Corporate Ads services are often paid for using Rule 144 shares. Corporate Ads may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration. All Rights Reserved. Disclaimer E-mail:info@CorporateAds.com