Secure Blockchain Infrastructure is the Foundation for Accelerated Expansion of Retail Network Locations and FinTech Growth.
Las Vegas, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Surge Blockchain, the wholly owned subsidiary of Surge Holdings, Inc. (Surge) (SURG) announces the December 15th launch of the significantly updated SurgePays FinTech software platform and portal.
Surge Holdings CEO, Brian Cox, stated, “This infrastructure development and milestone will allow us to keep up with our side of the agreements that we have made for store acquisitions and network growth over the next 12 months. I believe it’s even more significant when considering our team was able to accomplish these long-term, shareholder value-driven goals while posting Q3 revenues of $4,051,027.”
SurgePays 2.0 Highlights:
- Surge completed development of a fully electronic and secure onboarding software that replaces time-consuming document management. The SurgeSetup software facilitates filling out and processing multiple license, contractual, banking and tax forms, which enables same day store sign-up launches. This is a critical step for onboarding multiple stores simultaneously per day to support growth bursts and eliminates any processing or data management bottlenecks during store enrollments.
- Stores that have an Internet connected computer at the register will be able to utilize the new image driven navigation portal. In addition to all of the traditional wireless and FinTech products, convenience store owners will now have the ability to utilize seamless and simple one-click ordering from several wholesale categories including smartphones, electronics, snacks, CBD products, auto parts, t-shirts and more. Stores can also choose monthly auto-ship while taking advantage of flash specials.
- Stores that do not have a computer at the register will be able to process SurgePays 2.0 transactions on the updated and more robust Verifone VX 520. This new terminal is over 35% less expensive per unit, while delivering faster transactions, market leading security, PCI compliance and the ability for SurgePays to additionally offer credit card processing to merchants on the same unit.
Cox further added, “The progress our operations and development team has made continues to demonstrate Surge’s strategy to expand business sectors while leveraging existing infrastructure and human capital. The successes are also reflective of the significant investment into foundation to position the company for multiple streams of accelerated revenue growth in 2019.”
The SurgePays 2.0 live beta testing began November 25th which fits in the time frame for the December 15 release.
An updated comprehensive Surge Holdings Inc. Shareholder Guide was released and is available on the Companies Corporate Website www.surgeholdings.com
Make sure to follow CEO Brian Cox on Twitter for thoughts, insight, and progress of not only the short-term goals prioritized in this update, but relevant and material news for Surge: @kbriancox.
ABOUT SURGE HOLDINGS, INC.
Surge Holdings 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. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
FORWARD LOOKING STATEMENTS
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.