SurgePays Provides Company Updates for Shareholders
13 7월 2023 - 9:30PM
SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a
technology and telecommunications company focused on the
underbanked and underserved, today provided a Company update.
A recent report, which contains numerous errors
of fact and misleading and libelous content, appears to be a
deliberate attempt to undermine the positive work SurgePays is
undertaking in low-income communities to provide wireless and
financial services to the underbanked and underserved. As
disclosed, the report represents opinions devoid of a fundamental
lack of understanding of our business model and growth
strategy.
Chairman and CEO Brian Cox stated, “SurgePays,
as a company, would like to set the record straight and confirm
that its controls, policies, and procedures to enroll eligible
households in the Affordable Connectivity Program (“ACP”) are
vetted and compliant. We also voluntarily contract a third-party
compliance company to oversee regulatory filings, reporting
calculations, and manage audits. Hundreds of thousands of
households in need benefit from our team’s hard work every day, and
we take this responsibility very seriously. As a matter of fact,
our entire business model is corporately responsible.”
Mr. Cox concluded: “While it’s annoying for
shareholders to deal with these types of efforts, the effects
should not last long when we are expecting to report a net income
of over $6 million in the second quarter alone, and we are still in
the early phases of our growth pattern. We will remain
laser-focused on executing an exciting growth strategy while
providing essential products and services that underserved folks
need and want.”
The Company also wants to set the record
straight and state that its accounting records are accurate and
correct and that its financial results are accurately reported
within its financial statements and SEC filings. The investor
community has demonstrated faith in SurgePays based on detailed
analyses and reports prepared by leading professional advisors,
financial experts, and credit rating agencies. Neither SurgePays
nor its employees or representatives will respond further to the
allegations. Still, to avoid doubt, the Company believes the report
published is a deliberate attempt to damage its reputation
maliciously by issuing false, misinformed, and distorted
information for financial gain and at the expense of the Company’s
shareholders.
About SurgePays, Inc.
SurgePays is a technology and telecommunications
company focused on the underbanked and underserved. SurgePhone
wireless companies provide mobile broadband to low-income consumers
nationwide. SurgePays fintech platform utilizes a suite of
financial and prepaid products to convert corner stores and bodegas
into tech-hubs for underbanked neighborhoods. SurgePays is
aggressively cornering the underbanked market directly to the
consumer and in the stores where they shop. Please visit
www.SurgePays.com for more information.
About Preliminary Financial
Results
The preliminary financial results for the second
quarter ended June 30, 2023, are unaudited, reflect our estimated
financial results and are based on information available to
management as of the date of this release, and are subject to
potential further material changes upon completion of the Company’s
standard quarter-end closing procedures. In preparing this
information, management made complex and subjective judgments and
estimates about the appropriateness of certain reported amounts and
disclosures. Our actual financial results for the three and six
months ended June 30, 2023, have not yet been finalized by
management and remain subject to the completion of management’s
final review and our other closing procedures, as well as the
completion of the auditor’s review of our unaudited financial
statements. These preliminary estimated results do not represent a
comprehensive statement of all financial results for the three and
six months ended June 30, 2023. We are required to consider all
available information through the finalization of our financial
statements and their possible impact on our financial conditions
and results of operations for the period, including the impact of
such information on the complex judgments and estimates referred to
above.
Cautionary Note Regarding
Forward-Looking Statements
This press release includes express or implied
statements that are not historical facts and are considered
forward-looking within the meaning of Section 27A of the Securities
Act and Section 21E of the Securities Exchange Act. Forward-looking
statements involve substantial risks and uncertainties.
Forward-looking statements generally relate to future events or our
future financial or operating performance and may contain
projections of our future results of operations 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,” “believe,” “estimate,” “predict,”
“project,” “potential,” “continue,” “ongoing,” or the negative of
these terms or other comparable terminology, although not all
forward-looking statements contain these words.
Although 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 may 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 and will be affected by a variety of risks and factors
that are beyond our control, including, without limitation,
statements about our anticipated growth. 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 ending December
31, 2022. The forward-looking statements in this press release
speak only as of the date on which the statements are made. We
undertake no obligation to update and expressly disclaim the
obligation to update, any forward-looking statements made 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 unanticipated events, except as required by law.
MZ ContactBrian M. Prenoveau,
CFAMZ Group – MZ North Americabrian.prenoveau@mzgroup.us+561 489
5315
SurgePays (NASDAQ:SURGW)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
SurgePays (NASDAQ:SURGW)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024