Surgepays Inc Stock Price, News & Analysis

SurgePays, Inc. has been approved to provide discounted broadband services through the Emergency Broadband Benefit Program via its subsidiary, SurgePhone. This initiative aims to assist customers impacted by the COVID-19 pandemic, offering discounts of up to $50 per month for internet services, and up to $75 for Tribal land residents. SurgePhone will incorporate these services into its retail network, anticipating a significant customer influx. SurgePays aims to add 5,000 new customers monthly and enhance service accessibility across various states, including California, Florida, and Texas.

SurgePays, Inc. (OTCQB: SURG) has announced its acquisition of Commander Communication, LLC, enhancing its fintech and wholesale offerings. With Commander’s network of approximately 500 convenience stores, SurgePays aims to improve sales through its product suite, including private label gift cards and high-margin wholesale products. The strategy aligns with SurgePays' focus on expanding its in-house sales efforts and targeting nearly 34,000 stores. This acquisition is expected to boost active store participation and overall sales effectiveness.

SurgePays (OTCQB: SURG) has launched a customizable private label gift card program aimed at convenience stores and independent retailers. This initiative allows store owners to offer gift cards to their customers, enhancing customer loyalty and creating additional revenue streams. A pilot program showed about 6,300 transactions over one month. CEO Brian Cox emphasized this service's role in empowering smaller merchants, aligning with SurgePays' mission to serve underbanked communities more efficiently.

SurgePays, Inc. (OTCQB: SURG) has appointed Daniel Anderson as National Direct Sales Manager and Patrick Crean as National Sales Manager for Special and Indirect Accounts.

This strategic move aims to centralize sales operations, transitioning from independent third-party sales to an in-house national sales effort. The appointment coincides with the launch of BLITZ, a proprietary blockchain-supported CRM and BI platform, designed to enhance sales efficiency and monitor growth across a network of over 34,000 retail stores.

SurgePays, Inc. (OTCQB: SURG) has secured a national retail distribution agreement with 1606 Corp. to introduce its smokable-hemp products into 8,000 convenience stores on the SurgePays platform. This partnership aims to capitalize on the increasing consumer demand for CBD and alternative tobacco products. According to Nielsen, sales for smokable-hemp products could reach $300-$400 million by 2025. SurgePays anticipates engaging 34,000 new stores and enhancing its existing store offerings through strategic product evaluation.

SurgePays, Inc. (OTCQB: SURG), a blockchain fintech firm, announced CEO Brian Cox will present at the LD Micro Virtual Invitational Conference from June 8-10, 2021. Cox's presentation is scheduled for June 10 at 2:00 PM ET on Track 1. The company aims to enhance wholesale goods and financial services for the underbanked through a next-generation supply chain network.

Investors can register to watch the presentation here.

SurgePays, Inc. (OTCQB: SURG), a fintech company focused on the underserved market, will participate in the Benzinga Global Small Cap Conference on May 14, 2021. CEO Brian Cox will present at 1:00 PM ET. Investors are invited to arrange one-on-one meetings with Mr. Cox after the presentation. SurgePays leverages its blockchain platform to provide essential financial services and wholesale products efficiently to convenience stores and similar retailers. For registration and more details, visit www.benzinga.com/events/small-cap/global.

SurgePays, Inc. (OTCQB: SURG) announces its subsidiary, LogicsIQ, Inc., has changed its name from Surge Logics, Inc. to LogicsIQ. This strategic rebranding aims to enhance its SaaS offerings targeted at law firms. CEO Brian Cox highlighted a remarkable revenue growth from $1.6 million in 2018 to $16 million in 2020, emphasizing the company's focus on organic growth and acquisitions. SurgePays is enhancing shareholder value through potential spin-offs or an IPO. LogicsIQ is based in Chicago and aims to be a leading provider of software-driven services for law firms.

SurgePays (SURG) announced its 2020 financial results, reporting a revenue increase of 111% to $54.4 million. Key developments include expansion of product offerings and enhancements in platform security through integrations with major cloud services. The company is progressing towards a Nasdaq up-list and has closed $2.3 million in bridge financing. A notable debt reduction of $2.65 million has also occurred, improving the balance sheet by eliminating 87 million shares previously reserved for this debt.