Surge Holdings
Surge Holdings (OTC
Markets Stock symbol: SURG) Poised
for Massive Revenue Growth
• SURG Surge Holdings has grown from $1
million/month in revenues in late 2017 to an expected $1.5/million/month in
Q4/2018.
• Based on
a recently announced MOU with Pastime Foods, company revenues are poised for
explosive growth in 2019 and 2020.
• The
company offers a portfolio of wireless and payment services products and
services tailored to the 77 million people without cell phone contracts and the
51% of the US who are credit challenged.
• Surge
rapidly scales revenue via the development of a network of convenience store
operators serving lower income consumers.
Surge Holdings $SURG
is a rapidly growing OTC: QB wireless and fintech payment services company
engaged in servicing lower and lower-middle income consumer needs. The Surge plan is to become a financial hub
for people without ready access to a bank or those who need to conduct their
financial affairs with cash. The company
generates revenue in three product verticals; Surge Pays Portal, the company’s
SaaS services payment and services management system, financial products
(pre-paid debit cards, wallets, and money orders), and cell phones. With its suite of products, Surge becomes a
major profit partner for its network of convenience stores, bodegas, and
independent grocery stores with additional sales available online.
Surge Holdings (SURG)
has grown from a pace of $1 million in revenue per month in 2017 to nearly $1.5
million per month in late 2018. A recent
research report completed by Goldman Small Cap Research stated the “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.”
Recent News
As of early October 2018, the company services roughly 1,000
convenience stores with pending agreements to rapidly increase this total. Earlier in the 2018, Surge Holdings
announced a goal of 15,000 convenience stores by the end of 2019. In early October 2018, the company announced
a Memorandum of Understanding (“MOU”) to add 40,000 locations from Pastime
Foods. The Pastime Foods stores will
replace their existing payment portal with Surge Pays, guaranteeing Surge
$1,500 a store in revenue. Surge can
upsell their wireless and financial services through these stores for
additional revenue. If one considers
that 1,000 convenience stores provides more than $1,500/month/store in
revenues, 20,000 stores could be worth in excess of $30 million/month by year
end 2019. Most companies going $20+
million/month in revenues are looking at a NASDAQ listing. That is a growth rate worthy of serious
consideration. SURG is one stock to
watch now!