BALTIMORE, MD / ACCESSWIRE / December 19, 2018 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research update on Surge Holdings, Inc. (SURG). Surge Holdings serves the overlooked, unbanked and underbanked through key business verticals and offerings including telecom service and payment services via its SurgePays SaaS portal. This update carries a rating and a price target. To view the new research update, along with disclosures and disclaimers, or to download them in their entirety, please visit http://www.goldmanresearch.com.
In addition to the consumer market, Surge is targeting the multi-billion-dollar industry represented by 300,000+ corner store/bodega, convenience store, wireless dealer market with prepaid wireless, bill payment and related services to underserved and underbanked customers. Surge is building a merchant network of independent stores catering to underserved consumers by providing them an all-in-one Blockchain-supported PoS and payment processing and product procurement software application platform (SaaS model) whereby they offer telecom and fintech payment offerings to low income customers.
In the Opportunity Research company update, analyst Rob Goldman discusses the current and future driver of the Company's revenue.
Goldman noted, ''The SurgePays innovative merchant portal has emerged as the Company's revenue engine and its implementation is correlated with future catalysts and higher stock prices ahead. As a result, new stores are coming online, generating compounding and recurring revenue streams for Surge. The key metric: An estimated $1.5M in monthly revenue per 1000 stores, which should be continually replicated with greater sales penetration over time. For example, with SurgePays serving as a primary component of the recent MOU signed with Pastime Foods, up to 40,000 new locations will use this SaaS portal (and become part of the SurgePays network) once the deal is closed and fully implemented.''
''Separately, Surge may be better positioned than any firm in the country to provide true, broad-based retail distribution of CBD-based partner-company products through its network. The producing firms are only now focused on distribution and SURG's network represents the prime market for CBD-infused product companies. With access to a large network of C-stores and other outlets, we believe the Company will soon add popular, profitable, high-profile 3rd party offerings to its network in the near term. Plus, the pending signing of the Farm Bill, which legalizes hemp, has provided a major boost to the companies in the $22B industry, which should translate to SURG.''
''Interestingly, while on one hand SURG is building a feature-rich, and profitable operational infrastructure for the businesses, it simultaneously fosters one-stop shopping for the underbanked (the customers) to utilize SURG's one-stop banking, payment, wireless, and other services as well. Thus, we believe that 2019 will be a landmark year for both its implementation and revenue growth,'' remarked Goldman.
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
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This press release contains excerpts of our most recently published sponsored company research report on Surge Holdings, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Surge Holdings, Inc. (''the Company'') authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
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About Surge Holdings, Inc.: Surge Holdings, Inc. (SURG) is a publicly traded company that wholly owns subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS), Cryptocurrency Asset Mining and Social Media Digital Marketing.
For more information, please visit: www.SurgeHoldings.com
Goldman Small Cap Research
Rob Goldman, Analyst
SOURCE: Goldman Small Cap Research