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BARLETT, Tennessee, July 1, 2021 (GLOBE NEWSWIRE) – SurgePays, Inc. (OTCQB: SURG) (“SurgePays†or the “Companyâ€), a blockchain technology company that is building a next-generation supply chain network which offers wholesale products and financial services for the underbanked that are more profitable than traditional distribution models, today announces a new program giving SurgePays customers the ability to create personalized gift card programs, by closed loop, private label for owners of convenience stores, mini-markets, tienda and bodega to offer to their retail customers. These private label gift cards provide additional convenience and loyalty opportunities for customers of these locations.
Brian Cox, Chairman and CEO of the Company, said: “This customizable loyalty card program is another of the many differentiated products and services that SurgePays uses to expand its network of independent stores. We intend to incorporate this into our “Blitz” initiative targeting the 34,000 inactive stores in our current database. In the same way that large retail and grocery chains and other high-end merchants offer personalized gift cards to their customers, our program creates the opportunity to deliver to our customers, the thousands of store owners in our network, the same ability to offer their retail customers the ability to purchase gift cards for use only in their own stores. This is another example of our strategy of empowering these small merchants and providing their customers with the same benefits they can see in other large retail stores, while recognizing the specific needs of this underserved community.
In a pilot of the program in four stores, SurgePays customers completed approximately 6,300 transactions in one month using customizable gift cards. Cards are only valid at the merchant who produces them and look like a branded gift card in every way, from the industry standard plastic design to the account numbers encoded on a magnetic strip that allows terminals to be issued. read when they are swiped. SurgePays believes that the benefits of the program include the continued development of customer loyalty, as well as a source of additional income through unused balances on purchased cards.
About SurgePays, Inc.
SurgePays, Inc. uses its blockchain software platform to deliver a full suite of prepaid financial services for underbanked and top selling wholesale products to independent convenience stores, mini markets, stores and independent bodegas more profitable than distribution models wholesale existing. Please visit www.SurgePays.com for more information.
SurgePays, Inc.
Company details :
Tony Evers CPA, CIA
Financial director
847-648-7541
tevers@surgeholdings.com
Investor Relations Contact:
BASIC IR
516-222-2560
invest@surgeholdings.com
Media Relations:
Jules Abraham
Director of Public Relations
BASIC IR
917-885-7378
julesa@coreir.com
Caution Regarding Forward-Looking Statements.
This press release contains express or implied statements that are not historical facts and are considered to be forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Forward-looking statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and may contain projections of our future operating results or financial information or state other forward-looking information. In some cases, you can identify forward-looking statements by the following words: “may”, “will”, “could”, “would”, “should”, “expect”, “intend”, “foresee”, “foresee”, “,” believe “,” estimate “,” foresee “,” project “,” potential “,” continue “,” in progress “or the negative of these terms or other terminology comparable, although not all forward-looking statements contain these words. While we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future operational or financial performance and involve known and unknown risks, uncertainties and other factors that may cause our results. , real performances or achievements. be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In addition, actual results may differ materially from those described in forward-looking statements and will be affected by a variety of risks and factors beyond our control, including, without limitation, statements about our future financial performance, including our income. , our cash flow, cost of income and operating expenses; our anticipated growth; our predictions about our industry; the impact of the COVID-19 pandemic on our business and our ability to attract, retain and cross-sell to customers. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those described in more detail in our documents filed with the Securities and Exchange Commission (“SECâ€), including in our annual report on the Form 10-K for the fiscal year ended December 31, 2020. The forward-looking statements contained in this press release speak only as of the date the statements are made. We assume no obligation to update, and expressly disclaim the obligation to update, any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unforeseen events, except as required by law.
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