MEMPHIS, Tenn., Feb. 28, 2019 /PRNewswire/ -- Surge Holdings, Inc. (OTCQB: SURG), the Memphis-based Technology, Telecom and Blockchain FinTech Software Company, is pleased to announce the completion of a definitive agreement with AATAC to place SurgePays in up to 40,000 convenience and general retail outlets by year-end 2019.
AATAC is one of the nation's largest private trade associations spanning over 80,000 stores across the United States. The group forms relationships with corporate suppliers for the benefit of their retailer network, supports the various suppliers, hosts tradeshows and private meetings.
The rollout will launch in Florida, Virginia and Texas then expand to other territories in strategic phases. The target goal is 3,000 to 5,000 locations a month with an estimated completion of the national rollout of up to 40,000 locations by year-end 2019. The next phase would be introducing SurgePays to the remaining retail locations in the AATAC network.
Michael Hennessey, Associate Director of AATAC stated; "Our mission is to represent the industry and assist members in increasing their effectiveness and profitability to help them prosper. We seek to offer the most effective solutions and only recommend the best products and services to our members. Surge is an ideal partner for us, not only providing top quality, value and level of service for their telecom and FinTech products, but also a new technology marketplace that can help enhance our communication and efficiency with our retail network and the new programs we rollout."
AATAC reps will soon be activating sites where they'll deliver Surge Volt Androids and help train merchants on the SurgePays Blockchain Portal while also installing point of sale and awareness advertising materials. The merchant will use the portal, with image driven navigation similar to a website interface, to activate SurgePhone Wireless customers, add wireless minutes to SurgePhone customers or customers of any pay as you go wireless carrier and also load debit cards, etc. What makes SurgePays unique is that the portal also offers the merchant a wholesale marketplace interface to order consumable goods from regional manufacturers that are now able to distribute their products nationwide.
Brian Cox, CEO of SURG, said "We could not be more pleased with the AATAC partnership. This relationship enables Surge to add corner stores to our SurgePays Blockchain SaaS Platform network at a pace and scale we could not accomplish alone. My initial target in this AATAC venture is to achieve $1500 to $2500 top line sales revenue per month from each store while continuing to add consumable products to the merchants' wholesale marketplace portal as we further develop into a profit partner with these stores."
About AATAC (Asian American Trade Associations Council)
The AATAC is a national retailers association comprised of smaller buying groups, regional sub-chapters, and other trade organizations all working together under one group. The aggregate reach of the council is over 80,000+ retail locations in the gas station, convenience store, and general retail industry. AATAC's primary and affiliate members operate independent stores as well as many franchises of the most popular branded retailers such as 7-11, Circle K, Sunoco, Chevron, 76, BP, Arco, Shell, Marathon, and many others. The association's board is tasked with the duty of seeking out and forming relationships with select corporate suppliers and industry leaders for the betterment of the entire network. AATAC keeps its network informed about and actively involved with the industry through a myriad of engaging platforms including; hosting their own private educational mixers and trade shows, distributing newsletters and e-blasts, and other informational communications to its thousands of direct and affiliate members that are predominately independent retail owners who would traditionally not have knowledge of or access to the newest and most innovative products and services to help keep them competitive in the industry. The convenience and gas industry reach more Americans on a daily basis than grocery, drugstore, dollar store, and big box stores all combined. For more information, you can visit www.aatac.co.
About Surge Holdings:
Surge Holdings a publicly traded company that wholly owns and actively operated subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS), Global BPO and Social Media Digital Marketing. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
To get the SURGE shareholder guide and the latest news: https://surgeholdings.com
SurgePhone Wireless service can be ordered online: https://surgephone.com
Follow Surge Holdings on Twitter: https://twitter.com/surgeholdings
Follow CEO Brian Cox on Twitter for thoughts, insight, and progress of not only the short-term goals prioritized in this update, but relevant and material news for Surge: https://twitter.com/kbriancox
FORWARD LOOKING STATEMENTS
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.
SOURCE Surge Holdings