Enables SurgePhone Wireless customers to earn free unlimited service
Increases SurgePays Reloadable Debit cardholders by requiring the card to receive cash rewards
Memphis, TN, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (“Surge”) (SURG), developer of the SurgePays™ Marketplace Network for convenience stores, bodegas and community markets that provide products to the underbanked, today announced the launch of its proprietary SurgeRewards App. Through engagement with the SurgeRewards application, customers earn points that can be redeemed for wireless service, cash rewards, and more.
Customers earn rewards points from the ad impressions that appear while they unlock their phone and by opening the SurgeRewards app to watch videos and ads, as well as by participating in short surveys. These reward points can be converted into statement credits for free cell phone service or cash. Customers are required to have a SurgePays Reloadable Debit card to receive their monthly cash disbursements.
Brian Cox, CEO of Surge Holdings, commented, “After significant investment and development into this software asset, we are very excited to launch our very own SurgeRewards app. Not only do we enable SurgePhone to offer free wireless service, but we can now partner with 3rd party wireless companies to offer revenue sharing rewards to their customers. We estimate this app will drive between 15,000 to 20,000 SurgePays Reloadable Debit card activations per month due to the card being a requirement for customers to get their monthly cash payments. Out of a single sale and customer relationship, Surge will realize revenue from the ad network rewards app, the wireless service and the debit card. This app allows us to cross-market sales efforts to obtain wireless customers and debit card holders.”
In addition to its free SurgePhone Wireless service, the app will be preloaded on True Wireless customers Android handsets as well as other 3rd party Lifeline companies’ handsets for additional revenue sharing opportunities through the ad network. All of these monthly cash disbursements will require these customers to obtain a SurgePays Reloadable Debit card as well.
Mr. Cox further stated, “We believe the SurgeRewards app will help build brand loyalty and further entrench customers within the Surge ecosystem so we can further monetize the relationships with our underbanked customers. This product fits perfectly with our mission to have a positive impact on the lives of our customers, and I take pride in knowing how many people will benefit from this service.”
About Surge Holdings, Inc:
Surge Holdings, Inc. is a retail supply chain company that provides a virtual distribution hub for retailers, as well as offers telecom services for low income customers and financial payment services for the unbanked and under-banked. Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays™ Network (https://surgepays.com). This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country. This platform also provides manufacturers a cost-effective and efficient platform to access local retailers. For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com.
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. Forward-looking terminology such as “believes”, “expects”, “may”, “will”, “should”, “anticipates”, “plans”, or similar expressions or the negative of these terms and similar expressions are intended to identify forward-looking statements. 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.
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