Unwavering Focus on Growth: SurgePays Executes Exciting Strategy to Provide Essential Services to Underserved Individuals
BARTLETT, Tenn., July 13, 2023 (GLOBE NEWSWIRE) – SurgePays, Inc. (Nasdaq: SURG), a technology and telecommunications company dedicated to providing services to underbanked and underserved populations, has addressed a recent report containing factual errors and libelous content. The company believes this report was intentionally designed to undermine its positive efforts in low-income communities. SurgePays aims to clarify the misconceptions and reaffirm its commitment to delivering wireless and financial services to those in need.
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Supporting the Underbanked and Underserved: SurgePays strongly refutes the report’s allegations, asserting that its business model and growth strategy have been misrepresented. Chairman and CEO Brian Cox assures stakeholders that the company’s controls, policies, and procedures are compliant with regulations. SurgePays works diligently to enroll eligible households in the Affordable Connectivity Program (ACP), a vital initiative that benefits hundreds of thousands of individuals who lack access to traditional banking services. In addition, the company engages a third-party compliance firm to oversee regulatory filings, reporting calculations, and audits, further ensuring its commitment to corporate responsibility.
Net Income and Growth Potential: Despite the challenges posed by the recent report, SurgePays remains optimistic about its financial performance. Cox anticipates reporting a net income of over $6 million in the second quarter alone, underscoring the company’s significant growth trajectory. Shareholders can take solace in SurgePays’ robust outlook and its dedication to executing an exciting growth strategy. The company’s primary focus continues to be providing essential products and services to underserved communities.
Accurate Financial Reporting: SurgePays emphasizes the accuracy and integrity of its accounting records and financial statements, as reported in its SEC filings. The company highlights the faith demonstrated by the investor community, which has relied on detailed analyses and reports from reputable professional advisors, financial experts, and credit rating agencies. SurgePays firmly believes that the recent report is a deliberate attempt to maliciously tarnish its reputation for financial gain at the expense of its shareholders. As such, the company and its representatives will not engage further with these baseless allegations.
Conclusion: SurgePays, Inc. is dedicated to serving the underbanked and underserved populations, and it remains committed to its mission despite attempts to discredit its positive work. The company’s CEO, Brian Cox, affirms the compliance of SurgePays’ operations and the benefits it provides to countless households in need. With strong financial performance and a focused growth strategy, SurgePays continues to deliver essential products and services to those who need them the most. By debunking false information, SurgePays strives to maintain its reputation as a responsible and reliable technology and telecommunications company serving communities across the nation.
