$SURG holding company with diverse business operat

$SURG holding company with diverse business operations in FinTech, Telecommunications and Media, today announced it has retired the full $4 million of its Convertible Promissory Notes (“Notes”) held by AltCorp Trading LLC (“AltCorp”) and its parent GBT Technologies, Inc. (“GBT”) that were previously issued in connection with the acquisition of ECS in September 2019. The Notes were exchanged for stock at $0.50 per share with a one-year lock-up or leak-out period. Additionally, the Company announced it has cancelled approximately 2.4 million shares for total consideration of $500,000 ($0.21 per share) with a one month option to cancel up to an additional 950,000 shares at the same price per share.