OTCQB: $SURG is a Small Cap Telecom/Fintech revenue machine that has over 68 Million in assets… 1.6 Million cash in the bank…1.4 million in monthly recurring revenue & growing geometrically through both expanded distribution and addition product offerings. Surge’s Revenue Opportunity is off the charts
Surge Holdings $SURG a publicly traded company offering wireless telecom services, payment services and an industry changing virtual wholesale distribution portal for retailers. Surge focuses on the 77 million individuals with no contract cell phones, the 51% of the population that has below grade or invisible credit. Surge utilizes emerging technology to improve the quality of life for the Millions of people that are unbanked, under-banked, and overlooked. The budget conscious who do not want to be locked into contracts, the millions who cash checks and pay bills at the over 300,000+ Corner stores, markets and bodegas near their homes multiple times each week. This is where the Surge plan provides a competitive advantage to grab amazing market share.
A recent independent research report for SURG stated: “The key metric for investors: An estimated $1.5M in monthly revenue per 1000 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 equates to $22.5 million per month in topline revenue. Current revenues are approximately $1.4 million a month, so this is a 16 times or 1600% increase.
SURG utilizes their proprietary Surge Pays Blockchain Portal to create a distribution railway into these stores. The basic service is “top off to other carriers” payments, where customers can pay any cell phone carrier in 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. The industry game changer is the distribution portal. This is software that the retailer uses to order Surge products that is also tied to their bank account. Opening the door to distributing consumables such as energy drinks, CBD oils, snacks, etc. Before to distribute a product into these “mom and pop” stores you need a sales force to actually pull the door and make the sale. Now companies can offer their products through the Surge Pays Portal. The retailer orders their products, Surge processes the payment and issues the PO, the vendor drops ships the product. Much like how people use Amazon Prime. This opens the opportunity for companies who could not afford national sales forces or fleets of deliver trucks to offer their products on a nationwide basis. Truly game changing!
SURG rings the cash register so many different ways!
Preferred Wireless and Payment Provider
SURG is being endorsed as the preferred wireless and payment provider. Here’s a great example: The recent Oklahoma Grocer’s Association endorsement was for 2,000 C stores just in 1 state! There are over 154,000 convenience stores in the United States. This does not include 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 in a private company without having the prepaid wireless! This is a broader product, which should be able to get broader adoption!
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 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 seen 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!
Guest Post by Stockzeus from www.bestotcstock.com