Supports Enhanced Growth Across Core Business
Segments
BARTLETT, Tenn. and SAN SALVADOR, El
Salvador, Oct. 31, 2024 /PRNewswire/ -- SurgePays,
Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology
and telecommunications company, has officially opened its new,
dedicated sales operations facility in San Salvador, El
Salvador.
The new facility marks a significant upgrade to the company's
decade-long strategy of utilizing outsourced centers and
reflects its focus on enhancing customer relationships to maximize
sales opportunities.
SurgePays Chairman and CEO Brian
Cox commented, "We want to control the customer experience.
This new sales and operations center is a cornerstone of our
strategy to ramp up our four primary revenue channels with
cross-trained sales and support reps. Our strategy of growing our
revenue through symbiotically scaling LinkUp Mobile wireless
prepaid, government-subsidized wireless service, prepaid wireless
top-up and our ClearLine point-of-sale technology relies heavily on
our ability to provide excellent support to the convenience stores
and retailers offering our products."
The state-of-the-art facility, located in San Salvador, is designed to support up to 250
employees and offers a fully integrated space that combines sales
operations, technology development, customer service, retailer
support and back-office functions to support anticipated
growth.
"The new facility is an operational hub that we believe can
harness sales momentum to maximize upselling our entire product
suite to every store that carries our products. Our sales efforts
at this facility are just ramping up now, and we are already seeing
over 3,000 new wireless subscribers a day and prepaid top-up sales
of over $2.2 million a month. We
expect the new facility to continue to open new potential revenue
streams, which we believe will cause revenue to increase
exponentially in the next three months," added Cox.
Planning for the facility began over a year ago as part of
SurgePays' preparation for anticipated growth. The company has
successfully transitioned nearly 100 long-term employees,
previously engaged through third-party outsourcing, to full-time
corporate roles at the new facility. This seasoned team brings a
wealth of experience and continuity to SurgePays' sales operations,
and it is now positioned to support the company's ambitious
growth and product rollouts. As full-time employees, they now
benefit from SurgePays' comprehensive benefits package, which
fosters enhanced morale and commitment through positive energy and
teamwork.
For more information, please visit www.surgepays.com.
About SurgePays, Inc.
SurgePays, Inc. provides prepaid wireless and point-of-sale
platform services in underserved communities utilizing convenience
stores, bodegas and other neighborhood stores. Please visit
SurgePays.com for more information.
Cautionary Note Regarding Forward-Looking Statements
This press release includes express or implied statements that
are not historical facts and are considered 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
results of operations or of our 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," "plan,"
"anticipate," "believe," "estimate," "predict," "project,"
"potential," "continue," "ongoing," "attempting," or the negative
of these terms or other comparable terminology, although not all
forward-looking statements contain these words.
Although 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 actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by these
forward-looking statements including but not limited to, our use of
the stock buyback program, our ability to maintain a strong balance
sheet and our ability to execute our business plan. Furthermore,
actual results may differ materially from those described in the
forward-looking statements and will be affected by a variety of
risks and factors that are beyond our control, including, without
limitation, our ability to increase sales and revenue due to our
new sales center and. The forward-looking statements contained in
this release are also subject to other risks and uncertainties,
including those more fully described in our filings with the
Securities and Exchange Commission ("SEC"), including in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2023, and our quarterly reports on
Form 10-Q for the periods ending March 31,
2024, and June 30, 2024. The
forward-looking statements in this press release speak only as of
the date on which the statements are made. We undertake 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
unanticipated events, except as required by law.
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SOURCE SurgePays
