OTCQB:
$SURG is a revenue machine that has over 68 Million in assets, 1.6 Million cash
in the bank and 1.4 Million in monthly recurring revenue
Surge
Holdings, Inc ($SURG), a publicly-traded company offering wireless, telecom,
payment services, and an industry-changing virtual wholesale distribution
portal for retailers, is capitalizing by focusing on the 77 million Americans
with no contract cell phones, and the 51% of the population that has below
grade, or invisible credit.
Surge
Holdings utilizes emerging technology to improve the quality of life for these
millions of people who are unbanked, under-banked or often overlooked. This
budget-conscious demographic typically does not want to be locked into
contracts and regularly will cash their checks and pay bills at the over
300,000+ corner stores, markets, and bodegas near their homes multiple times
each week.
This broad
and underserved market is where the Surge Holdings plan provides a competitive
advantage to grab fantastic market share.
Surge
utilizes their proprietary SurgePays Blockchain Portal to create a distribution
railway into these stores. The basic service, topping off payments to other
carriers, allows stores to offer new and existing customers a pathway for the
payments they need, like paying virtually any cell phone carrier with cash.
Surge then
bundles other wireless services, wireless phone sales, municipal government payments,
pre-paid debit cards branded with the big three: MasterCard/Visa/Discover.
One of the
most excited, potentially game-changing opportunities within the SurgePays
portal, is that it allows for the decision makers at thousands of retailers to
be marketed to directly for the wholesale distribution of additional products
for their stores. Opening the door for Surge to distribute wholesale
consumables such as energy drinks, CBD oils, snacks, and anything else that
might appeal to their specific customer base.
This direct
access to the owners of the nation's countless, hard to reach "mom and
pop" stores removes the need for a national sales force to bring products
to their attention. Now the stores can research and purchase products directly
through the SurgePays Portal. The
retailer orders their products, Surge processes the payment and issues the
purchase order, and then the vendor dropships the products directly to the
retailer.
A recent
independent research report for Surge Holdings, Inc stated, "the key
metric for investors: an estimated $1.5M in monthly revenue per 1,000 stores,
which should be continually replicated with greater sales penetration over
time. The most recent shareholder update stated a target of 15,000 retail
locations by year-end 2019. This
estimate equates to $22.5 million per month in topline revenue. Current revenues are approximately $1.4
million a month, so this is 16x, or a 1,600% increase.
Surge is
also endorsed as a preferred wireless and payment provider for both government
and private associations alike. One of the most recent examples is the
Oklahoma Grocer’s Association endorsement, which was for 2,000 convenience
stores.
With over
154,000 convenience stores throughout the United States -- not including grocery
stores, liquor stores or other potential distribution locations, we are talking
less than 10% market penetration for a management team who has grown this same
type of service to over $17 million a month as a private company, and before
offering prepaid wireless.
The Surge
team led by CEO, Brian Cox has generated hundreds of millions in annual revenue
in private companies. Now in the public sector, his model for business building
over the last 18 years has proven a success. It is based on the rock of
recurring revenue from life-enhancing technology products and lifting people
up. He is continuing to do that now in Surge. By building an OTCQB up to the
big board so that shareholders who believe in the company now can take the
profit ride up with the company!
When was
the last time you saw a company where revenue led price by this much? When was
the last time you saw an OTCQB with earnings and such a power team? SURG is it!