Core Viewpoint - SurgePays, Inc. has appointed Mark Garner as executive vice president to lead the company's expansion initiatives, including the launch of LinkUp Mobile, leveraging his nearly 30 years of operational experience in the industry [1][3]. Company Overview - SurgePays, Inc. is a technology and wireless telecommunications company that provides prepaid wireless and point-of-sale platform services in underserved communities through convenience stores and other neighborhood outlets [5]. Leadership and Strategy - Mark Garner, who joined SurgePays in October 2019 as vice president of technology, has been pivotal in driving technological advancements and operational excellence, and will now oversee the integration of SurgePays' platforms with global wireless and financial technology partners [2][3]. - Garner's strategic vision and operational expertise are deemed essential for scaling the business and achieving transformative objectives, including the direct integration with AT&T and the launch of the prepaid wireless brand LinkUp Mobile [3]. Experience and Background - Prior to joining SurgePays, Garner served as vice president of operations at ECS Prepaid, where he facilitated merchant partners in offering prepaid cellular services, which contributed to SurgePays' acquisition of ECS Prepaid in 2019 to enhance its financial services portfolio [3][4]. - Garner's hands-on and entrepreneurial business style focuses on daily engagement and quick market responsiveness, which is expected to positively impact business results and growth [4].

Vancouver, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce assay results from drill holes S24-336 and 337, two exploration holes completed at the Company’s Ootsa Project at the end of the 2024 field season. The Company completed 2 holes for 897 metres of drilling at the Cu-Au Target located 300 metres northeast of the East Seel deposit and immediately north of the Seel Breccia East deposit ...

Core Viewpoint - Surge Copper Corp. has appointed Dr. Paul West-Sells to its board of directors, bringing extensive experience in the mining industry, which is expected to enhance the company's project development efforts [1][4]. Group 1: Appointment of Dr. Paul West-Sells - Dr. West-Sells has nearly three decades of experience in the mining industry, having held various senior roles at Western Copper and Gold Corporation, including COO, CEO, and President [2]. - His previous experience includes senior technical roles at major mining companies such as BHP, Placer Dome, and Barrick, focusing on Research & Development and Project Development [3]. - The company has granted Dr. West-Sells 350,000 deferred share units in connection with his appointment [4]. Group 2: Company Overview - Surge Copper Corp. is advancing a critical metals district in British Columbia, owning a large mineral claim package with multiple advanced porphyry deposits [5]. - The company holds a 100% interest in the Berg Project, which has a maiden PEA outlining a project with an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [6]. - Surge Copper also owns the Ootsa Property, an advanced-stage exploration project adjacent to the Huckleberry Copper Mine, containing NI 43-101 compliant resources of copper, gold, molybdenum, and silver [7].

Core Viewpoint - Surge Copper Corp. has entered into a definitive option agreement to acquire a 100% interest in the MacLean East Property, securing all privately owned mineral claims necessary for the development of the Berg Project, which is a significant milestone for the company [1][2]. Acquisition Details - The acquisition expands Surge's contiguous land package from 126,758 hectares to 133,081.3 hectares, enhancing its position in the region [2]. - Surge will allocate $300,000 in assessment work credits to the MacLean East Property within 30 days and will make option payments totaling $1,685,000 to Raye Resources Inc. over five years [2]. - The option payments are structured as follows: $285,000 by the first anniversary, $550,000 by the second anniversary, $575,000 by the third anniversary, $75,000 by the fourth anniversary, and $200,000 by the fifth anniversary [2]. Financial Implications - Upon exercising the option, Surge will grant the Vendors a 3.5% net smelter returns (NSR) royalty on mineral production from the MacLean East Property, with an option to buy back 50% of the royalty for $6,000,000 [2]. - The agreement is subject to the approval of the TSX Venture Exchange, and any shares issued will have a statutory hold period of four months plus a day [2]. Company Overview - Surge Copper Corp. is advancing a critical metals district in British Columbia, owning a large mineral claim package with multiple advanced porphyry deposits [3]. - The company holds a 100% interest in the Berg Project, which has a Preliminary Economic Assessment (PEA) indicating an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [3]. - The Berg deposit contains NI 43-101 compliant resources of copper, molybdenum, silver, and gold, while the Ootsa Property also contains significant resources adjacent to the Huckleberry Copper Mine [3].

Core Insights - SurgePays, Inc. has announced a partnership with LANDI Global to integrate advanced technology into its services, enhancing merchant capabilities nationwide [1][5][6] - The collaboration focuses on the LANDI M20 handheld devices, allowing merchants to manage services like top-ups and bill payments more efficiently [2][6] Group 1: Integration and Technology - The integration of the ClearLine application allows merchants to enhance customer engagement at the point of sale with features such as QR codes and NFC-enabled interactions [3][8] - SurgePays' enhanced app provides merchants with access to a complete suite of products and marketing tools, facilitating the delivery of Lifeline and wireless programs [4][6] Group 2: Merchant Empowerment - The partnership aims to empower merchants to better serve their communities and unlock new revenue opportunities through advanced technology [5][6] - LANDI Global's commitment to advancing merchant solutions aligns with SurgePays' mission to bridge gaps in access to vital services [5][6] Group 3: Market Impact - The collaboration is expected to strengthen the merchant network, improve customer satisfaction, and unlock growth potential for SurgePays [6]

Core Viewpoint - SurgePays, Inc. has integrated its ClearLine point-of-sale marketing platform with PAX Technology's smart payment terminals, creating a new opportunity for merchants to enhance customer engagement at the point of sale [1][2]. Company Overview - SurgePays, Inc. provides prepaid wireless and point-of-sale platform services, focusing on underserved communities through convenience stores and neighborhood shops [10]. - PAX Technology is a global leader in the payment terminal industry, with over 50 million terminals installed across more than 120 countries, holding an 8% market share in the U.S. POS payment terminal industry [3][8]. Integration Benefits - The ClearLine platform allows merchants to utilize existing PAX hardware to engage customers in real-time during transactions, enhancing marketing efforts without additional hardware investment [2][4]. - Key features of the ClearLine integration include effortless activation, idle-time engagement, real-time interaction during payment, post-transaction opportunities, dynamic QR codes on receipts, and real-time campaign tracking [4][5]. Market Potential - The partnership with PAX Technology positions SurgePays to rapidly expand its retail presence across the U.S., providing retailers with immediate access to a comprehensive product suite [6]. - The integration is designed to support businesses of all sizes, from independent retailers to large franchises, ensuring compatibility across various merchant environments [6].

Core Insights - SurgePays has entered into a multi-year agreement with AT&T to provide a full range of mobile wireless, voice, data, and messaging services, leveraging AT&T's extensive network coverage [1][2] - The collaboration is expected to be transformative for SurgePays, allowing the company to offer reliable 4G LTE and 5G services and expand into underserved and rural communities [2][3] - SurgePays aims to capture a significant market segment by providing affordable prepaid wireless and financial products through its network of convenience stores and bodegas [3][4] Company Strategy - The agreement with AT&T enables SurgePays to empower other companies to offer high-quality MVNO wireless services, creating new business opportunities [3] - SurgePays has appointed Joseph Gomez as vice president of MVNO Operations to drive its MVNO strategy and focus on market share growth [4] Market Position - SurgePays targets underserved communities by utilizing convenience stores and neighborhood locations to ensure product accessibility [3][4] - The company’s ownership of the transaction platform for processing, activations, and top-ups allows it to offer lower prices, enhancing its competitive position in the market [3]

Company Performance - SurgePays, Inc. reported a quarterly loss of $0.73 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.22, representing an earnings surprise of -231.82% [1] - The company's revenues for the quarter ended September 2024 were $4.77 million, missing the Zacks Consensus Estimate by 44.79%, and a decline from $34.16 million in the same quarter last year [2] - Over the last four quarters, SurgePays has not surpassed consensus EPS estimates and has only topped consensus revenue estimates once [2] Stock Movement and Outlook - SurgePays shares have declined approximately 74.4% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The future performance of SurgePays stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is -$0.19 on revenues of $10.66 million, and for the current fiscal year, it is -$1.03 on revenues of $65.8 million [7] Industry Context - The Internet - Software industry, to which SurgePays belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of SurgePays may also be influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]

SurgePays, Inc. (NASDAQ:SURG) Q3 2024 Earnings Conference Call November 12, 2024 5:00 AM ET Company Participants Conference Call Participants Operator Good day, everyone and welcome to the SurgePays Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Doug Lane, Investor Relations at SurgePays. Sir, the fl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 001-40992 SURGEPAYS, INC. (Exact name of registrant as specified in its charter) | --- | --- | ...