Agreement with AT&T Enables SurgePays to
Offer Full Range of Mobile Wireless, Voice, Data and Messaging
Services on the Nation's Largest Wireless Network
BARTLETT, Tenn., Nov. 21,
2024 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG)
("SurgePays" or the "Company"), a technology and telecommunications
company, has executed an agreement with AT&T enabling
SurgePays to offer mobile wireless, voice, data and messaging
services.
The multi-year mobile virtual network operator (MVNO) agreement
allows SurgePays to provide its wireless customers with fast,
reliable and secure 4G LTE and 5G wireless services from AT&T,
one of the world's largest telecommunications companies, with a
wireless network covering more than 99% of all Americans in
North America.
"We believe this collaboration with AT&T, the nation's
premier provider of wireless and broadband services and a globally
recognized telecommunications leader, is transformative for
SurgePays," said Chairman and CEO Brian
Cox. "The teams have been working diligently for months to
lay the foundation for what will be the core of our wireless
product offerings. Once service integration with AT&T is
complete, we will be able to provide services on a network that our
customers can depend on to stay securely connected, whether they
are existing SurgePays customers or new ones coming to us through
our convenience store distribution channel, operation centers or
online. Couple that with future growth of our brands and services –
plus our new ability to support aspiring MVNOs who want to grow
with us – and you begin to sense the meaningful new business
opportunities that we believe will be created for our company and
our shareholders."
With this new AT&T agreement, SurgePays can empower other
companies to provide high-quality MVNO wireless services.
Additionally, this agreement enables expansion into new segments
and business channels in underserved and rural communities.
SurgePays' extensive network of convenience stores, bodegas and
neighborhood locations ensure products are accessible where
customers live, shop and work. By offering prepaid wireless and
financial products at lower prices – thanks to SurgePays' ownership
of the transaction platform for processing, activations and top-ups
– the company captures a significant market segment with a high
demand for affordable solutions.
"Back in July, we announced the hiring and appointment of
Joseph Gomez as vice president of
MVNO Operations," added Cox. "Joe had served AT&T for decades
leading strategic initiatives, developing partnerships and
overseeing national sales and distribution channels. He has wasted
no time in following through on his charge of driving our MVNO
strategy with a focus on market share growth."
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
ability to successfully offer MVNO services to wireless customers,
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. 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, June 30, 2024, and September 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
