SurgePays Signs Agreement with Etime system for $48 Million in Annual Prepaid Wireless Purchase Volume
Automatic annual renewals carry the same minimum purchase commitment beyond the initial term.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
SurgePays (SURG) signed a prepaid wireless agreement with Etime system covering at least $48 million in purchase volume over its initial term.
Etime system, operated by Zulie Venture, committed to at least $4 million a month in prepaid wireless airtime, top-up and refill purchases from October 1, 2026 through September 30, 2027. These figures represent purchase volume. The agreement renews automatically each year at the same minimum commitment. Operations began in early October, with the initial rollout underway and new volume already running through SurgePays POS, its retail sales and payments business.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Etime system committed to at least $48 million in purchase volume from October 1, 2026 through September 30, 2027. 5.9× market cap
- Minor point. Forward-looking: it has not happened yet and may not happen.Automatic annual renewals retain the same minimum commitment.
- Minor pointSurgePays POS began processing new volume in early October, with the initial rollout underway.
Negative
- None.
Details
Market Reaction – SURG
On Nov 3, the day this news came out, the latest delayed price for SURG is 7.08% below the previous close. Our momentum scanner has recorded 41 alerts for this stock so far that day. The latest delayed price is $0.14. Relative volume is exceptionally heavy at 68.2x what this stock usually trades by this time of day.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Minimum purchase volume
- At least $48 million
- Initial term: October 1, 2026 through September 30, 2027; prepaid wireless transactions
- Monthly minimum
- $4 million
- Minimum prepaid wireless purchase volume per month
Historical Context
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SurgePays projected POS transactions above $10 million monthly; this agreement adds committed purchase volume.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Etime system commits to at least
BARTLETT, Tenn., Nov. 03, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG) (“SurgePays” or the “Company”), a fintech company that launches and runs wireless brands, today announced a prepaid wireless agreement (the “Agreement”) with Zulie Venture Inc. dba Etime system (“Etime system”), a payments network serving more than 1,000 retail locations nationwide. Etime system has committed to buy at least
This Agreement generates new volume for SurgePays POS and began operating in early October.
“Retail payment networks run on reliability, and Etime system put a
“Our merchants need reliable access to prepaid wireless products and fast transaction processing,” said Parvez Jasani, Founder and CEO of Zulie Venture Inc. “We are pleased to partner with SurgePays to support our merchants and their customers. This agreement reflects our confidence in the partnership and our commitment to growing our prepaid wireless business.”
The agreement strengthens SurgePays POS, the Company’s retail sales and payments business at neighborhood stores.
About SurgePays, Inc.
SurgePays, Inc. (NASDAQ: SURG) is a fintech company that launches and runs wireless brands. Through its GrowthLine platform, SurgePays provides partners with carrier access, technology, payments, customer care, compliance and daily operations from platforms it developed and an operations center and NOC it runs. The Company also owns LinkUp Mobile, its own prepaid wireless brand, and operates SurgePays POS, which handles retail sales and payments for wireless companies at neighborhood stores. SurgePays brings affordable wireless service and prepaid financial products to consumers through partners and neighborhood stores. For more information, please visit www.surgepays.com.
About Zulie Venture Inc. dba Etime system
Zulie Venture Inc., doing business as Etime system and also operating the CellPay brand, is a Stafford, Texas-based payments platform founded in 2016, serving more than 1,000 retail merchant locations nationwide with prepaid wireless, bill payment, gift card and prepaid card products. CellPay ranked No. 5 overall on the 2020 Inc. 5000 with 25,
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the agreement between SurgePays and Etime system, the amount and timing of prepaid wireless transactions expected under the agreement, its renewal and the future performance of the Company. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, and actual results could differ materially from those expressed or implied. There can be no assurance that Etime system will meet its committed monthly or annual volume, result in recurring volume, or that the agreement will renew. Prepaid wireless top-up volume represents the total value of transactions processed, and the net revenue and gross profit the Company recognizes from that volume may be significantly lower than the volume amounts described in this release. Factors that could cause actual results to differ materially include, among others, the Company’s dependence on carrier and payment relationships, partner performance, regulatory developments affecting wireless and payment services, competition, and the risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. SurgePays undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Investor Relations Contact
SurgePays, Inc.
ir@surgepays.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much prepaid wireless purchase volume does SurgePays' Etime system agreement cover?
Etime system committed to at least $4 million a month and at least $48 million over the initial term, October 1, 2026 through September 30, 2027. The amounts represent prepaid wireless purchase volume for airtime, top-up and refill transactions.
Does SurgePays' Etime system agreement renew automatically?
The agreement renews automatically each year at the same minimum commitment.