Jeremy Gies named president of SurgePay’s Fintech

BARTLETT, Tenn., Nov. 1. 2022 (GLOBE NEWSWIRE) — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, has named Jeremy Gies, a senior executive of sales, business development and operations, as president of the company’s subsidiary, SurgePays Fintech, Inc.

A highly skilled industry veteran, Gies has more than 25 years of experience supporting businesses in telecom, fintech and prepaid channels. He will be responsible for developing and expanding our nationwide network of convenience stores with a primary focus on adding stores that shop on the SurgePays network while increasing sales per store.

“Jeremy is the right person at the right time to drive store count and revenue growth in our FinTech channel. We believe there is a huge opportunity due to the profitable service package we have put together for store owners to offer their customers. Both independent store owners and chains can earn additional revenue by providing these essential services to customers in their communities at a time when every penny counts,” said Brian Cox, Chairman and CEO of SurgePays. “His hands-on experience in all of our market segments and proactive growth mindset make him uniquely suited to to perform well alongside our existing management team. He will also be charged with developing and rolling out our ability to enroll customers in the FCC’s Affordable Connectivity Program (ACP) through this physical deployment of thousands of stores.”

Most recently, Gies served as Senior Channel Business Manager and Senior Account Manager for Honeywell Voice Solutions for nearly four years. Previously, he was vice president of business development for global e-payment company Wave Crest Payment Services. For almost five years, he served first as Executive Vice President and then as CEO of telSPACE, a provider of invoicing and back office solutions for the MVNO/NVNE market. He began his career with AT&T Wireless, where over a 10-year period he rose through the ranks in early sales positions to Western Area Sales Manager and finally National Sales Manager. Gies is also a partner and co-founder of Blue Horizon Group, a business consulting firm that provides outsourced sales, business development, marketing, distribution, operations and logistics services to the wireless industry.

“It’s refreshing to join the SurgePays team at a time of its rapid growth, and so many unique opportunities in this channel, it’s almost a land grab,” said Gies. “SurgePays has done a fantastic job of building out a top-notch software platform with unlimited growth potential, especially in this economy. I look forward to working with the entire SurgePays team, with my goal of helping to rapidly increase the number of stores in our network, sales per store and margins per sale.”

For more information about SurgePays, please visit the company’s investor relations website at ir.surgepays.com.

About SurgePays, Inc.

SurgePays, Inc. is a technology and telecommunications company focused on underbanked and underserved communities. SurgePhone Wireless provides mobile broadband to low-income consumers across the country. SurgePay’s blockchain fintech platform uses a suite of financial and prepaid products to convert corner stores and bodegas into tech hubs for underbanked neighborhoods. Please visit SurgePays.com for more information.

About SurgePay’s FinTech, Inc.

SurgePays FinTech, Inc., a subsidiary of SurgePays, uses its proprietary software platform to provide a variety of profitable prepaid wireless and financial services primarily to the underbanked population. There are currently 1,000s of stores across the country currently shopping on the SurgePays network.

Media contact
Henry Feintuch / Doug Wright
Feintuch Communications
[email protected]
+646-753-5710 / +646-753-5711

Investor contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
[email protected]
+561 489 5315

Warning regarding forward-looking statement

This press release contains express or implied statements that are not historical facts and are considered forward-looking under Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Forward-looking statements involve considerable risk and uncertainty. Forward-looking statements generally relate to future events or our future financial or operational performance and may contain forecasts of our future operating results 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,” “believes”, “estimates”, “predict”, “project”, “potential”, “continue”, “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. 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 could 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.Furthermore, actual results may differ materially from those described in the forward-looking statements the alels and will be affected by a number of risks and factors beyond our control, including, without limitation, statements about our future financial performance, including our revenues, cash flows, costs of revenues and operating expenses; our expected growth; our predictions about our industry; the impact of the COVID-19 pandemic on our business and our ability to attract, retain and cross-sell customers. The forward-looking statements 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 31 . December 2021. The forward-looking statements in this press release apply only from the date on which the statements are made. We undertake no obligation to update, and expressly disclaim any obligation to update, any forward-looking statements 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 unforeseeable events, except as required by law requires.

Editor’s note: A high-resolution photo of Jeremy Gies is available upon request.

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