$SURG Feb. 19, 2020 (GLOBE NEWSWIRE) -- Surge Hold
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Posted On: 02/26/2020 11:29:20 AM
$SURG Feb. 19, 2020 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (“Surge”) (SURG), developer of the SurgePays™ Marketplace Network for convenience stores, bodegas and community markets that provide products to the underbanked, today provided an update on Surge Logics, its wholly owned subsidiary.
Brian Cox, Chairman and CEO of Surge Holdings, commented, “We are generating significant traction in our Surge Logics subsidiary. This is best illustrated by the fact we achieved unaudited gross revenue of nearly $1 million in January 2020, close to a ten-fold increase versus the same period last year. This puts us at an annualized revenue run-rate in excess of $10 million within this division alone.”
Brian Cox, Chairman and CEO of Surge Holdings, commented, “We are generating significant traction in our Surge Logics subsidiary. This is best illustrated by the fact we achieved unaudited gross revenue of nearly $1 million in January 2020, close to a ten-fold increase versus the same period last year. This puts us at an annualized revenue run-rate in excess of $10 million within this division alone.”
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