Surge Holdings, Inc. Subsidiary Enters Into Exclusive Blockchain FinTech License Agreement to Build Distribution Network
Las Vegas, Jan. 17, 2018 (GLOBE NEWSWIRE) — Surge Holdings, Inc. (OTC:SURG) announced that its wholly-owned subsidiary, Surge Blockchain, has licensed certain proprietary Blockchain Software as a Service (SaaS) on an exclusive basis from 52, LLC. The Software will enable Surge to build out a network of specialty markets, convenient stores and gas stations to process secure transactions, distribute telecom products and begin the process of integrating cryptocurrency.
“We intend to build out our network by licensing the Blockchain Software to municipalities, telecommunications carriers and utility companies seeking more accurate and secure revenue assurance, while facilitating their customers in making payments in a timelier and convenient manner at local neighborhood merchants”, said CEO Brian Cox.
Cox stated “Blending Fintech and Blockchain results in a more accurate and secure transaction. Because this platform is a recurring and high revenue module, we can cost-effectively build the footprint and framework for our nationwide network not only for our own telecom products, but additionally pursue our ultimate goal of cryptocurrency acceptance and distribution of the upcoming Surge Coin along with Bitcoin and Litecoin.”
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ABOUT SURGE HOLDINGS, INC.
Surge Holdings, Inc. is a fully reporting, publicly traded company whose subsidiaries operate in various sectors including Blockchain Technology Software, Telecommunications, Social Media Marketing and Cryptocurrency Mining.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.
Omnivance Advisors, Inc. Daniel Wong firstname.lastname@example.org 858-381-5740
Source: Surge Holdings, Inc.
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