SurgePays Passes 150,000 Mobile Broadband Subscribers
July 14 2022 - 8:30AM
SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the
“Company”), a technology and telecommunications company
focused on the underbanked and underserved, announces it exceeded
150,000 subscribers in its mobile broadband subscriber business
SurgePhone Wireless LLC (“SurgePhone”), the Company’s wholly owned
subsidiary.
“Our goal is to make high speed internet
accessible to the underbanked and underserved regardless of income,
credit, or location. We believe employment, healthcare, and
education for this market will be directly impacted by broadband
connectivity,” said Chairman and CEO, Brian Cox.
Mr. Cox continued: “Now that we are a licensed
provider of mobile broadband through the Affordable Connectivity
Program (“ACP”) in all 50 states, we have made moves to accelerate
growth including acquiring one of the leading wireless telecom
Customer Relationship Management (“CRM”) cloud software platforms.
This instantly increased our online sign-up and enrollment
capabilities. We are now seeing over 300 new subscribers a day
using custom developed bot technology to reach a larger audience
and expect to continue to scale with triple digit growth. A
government fact sheet estimated as many as 48 million households
qualify under this program, which means we are in the early innings
of a significant growth opportunity.
“It’s been my experience that scaling to the
next 150,000 subscriber milestone should be much quicker based on
economies of scale, software efficiencies and factoring most of the
last year we only had 14 states. Now, we have all 50 states, are
hitting on all cylinders and reinvesting the gross positive cash to
accelerate sales growth. I expect to give another milestone update
in the very near future. I am very proud of our team.”
For more information on SurgePays, please visit
the Company’s investor relations website at ir.surgepays.com.
About SurgePays, Inc.
SurgePays, Inc. is a technology and
telecommunications company focused on the underbanked and
underserved communities. SurgePhone Wireless provides mobile
broadband to low-income consumers nationwide. SurgePays blockchain
fintech platform utilizes a suite of financial and prepaid products
to enable corner stores and bodegas to be the tech-hubs for
underbanked neighborhoods. Please visit SurgePays.com for more
information.
About SurgePhone and Torch
Wireless
SurgePhone and Torch, wholly owned subsidiaries
of SurgePays, are mobile virtual network operators (MVNO) licensed
by the FCC to provide subsidized mobile broadband services to
consumers qualifying under the federal guidelines of the Affordable
Communication Program (ACP). The ACP provides SurgePhone up to a
$100 reimbursement for the cost of each tablet distributed and a
$30 per customer, per month subsidy for data services. SurgePhone
and Torch collectively have received approval to offer subsidized
mobile broadband in all 50 states.
MZ ContactBrian M. Prenoveau,
CFAMZ Group – MZ North Americabrian.prenoveau@mzgroup.us+561 489
5315
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