Contents of the Globe Newswire press release. The AP news staff was not involved in the creation.
Memphis, TN, January 7, 2020 (GLOBE NEWSWIRE) – Surge Holdings, Inc. ("Surge") (OTCQB: SURG), developer of the SurgePays ™ Marketplace network for convenience stores, bodegas, and community markets that offer products The underbank announced today that it was recognized in Deloitte's 2019 Technology Fast 500 ™, a ranking of the 500 fastest growing technology, media, telecommunications, life science and energy technology companies in North America.
Anthony Nuzzo, President of Surge, said, “We are honored to receive this recognition from Deloitte as one of the 500 fastest growing companies in North America in 2019, from approximately $ 125,000 to over $ 5 million per month. We achieved these results while 2019 was primarily aimed at product development and building our infrastructure to support our future growth. This award particularly underlines our tremendous progress in launching the SurgePays ™ Marketplace, a product sales channel that disrupts the traditional C-chain supply chain model by providing local retailers with direct access to regional manufacturers across the country. Overall, we believe we have created a solid foundation for rapid and scalable revenue growth in 2020 and beyond. "
About Deloitte Technology Fast 500:
Growth for 25 years – The Deloitte Technology Fast 500 is one of the most objective rankings for technology, media, telecommunications, life science and energy technology companies. It was created to recognize the efforts and commitment of the fastest growing technology companies in North America – both public and private. For the 25th time we honor the companies that define the cutting edge. change the way we do business; Combination of technological innovation, entrepreneurship and rapid growth; and disrupt the technology industry. The winners are selected based on the percentage sales growth in the financial year over a period of three years. The ranking is compiled from applications that were sent directly to the Technology Fast 500 website and to the research on corporate databases performed by Deloitte LLP.
About Surge Holdings, Inc:
Surge Holdings, Inc. operates the SurgePays ™ Marketplace, a product sales channel that disrupts the traditional supply chain model for C stores through direct access by independent and local retailers to regional manufacturers across the country. Surge uses its wholly-owned subsidiaries (value-based prepaid products for wireless and fintech applications) to build relationships with convenience stores, bodegas, tiendas and community markets that serve under- and non-bank customers – around 35% of those US population. Once a store has been added to the SurgePays ™ Marketplace and the trusted partnership has been established, Surge sells other consumer goods by connecting the manufacturers directly to these retail stores. The SurgePays ™ Marketplace offers manufacturers measurable cost savings by excluding distributors and provides an efficient platform for independent retailers to access products with improved payment terms nationwide. More information about Surge Holdings and its subsidiaries can be found at: https://surgeholdings.com,
Forward-Looking Statements This press release contains information that constitutes forward-looking statements that are made in accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. All future results described in the forward-looking statements. Risk factors that may contribute to such differences include the circumstances set out in more detail in the company's reports filed with the Securities and Exchange Commission. The forward-looking information contained herein represents the company's estimates at the time of this press release, and subsequent events and developments may cause the company's estimates to change. The company expressly disclaims any obligation to update the forward-looking information in the future. For this reason, this forward-looking information should never be used as a basis for the company's assessment of future financial performance after the date of this press release.
Investor contact: Crescendo Communications, LLC Tel.: 212-671-1020 Email: SURG@crescendo-ir.com