SurgePays blockchain update enables Bitcoin purchases at

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BARTLETT, Tennessee, December 21, 2021 (GLOBE NEWSWIRE) – SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), has completed initial development of the latest version of its software platform that enables a store owner to sell certain cryptocurrencies to customers – with or without a bank account or credit card – at local convenience stores and neighborhood stores that are part of the company’s network of more than 8,000 retail stores .

SurgePays is a highly innovative financial technology company providing a full range of financial services and prepaid products to its rapidly growing base of convenience stores. The Company plans to release the update in January 2022 and allow stores in its network to offer spot sales of Bitcoin, Ethereum, and Dogecoin without using an ATM or other expensive and bulky equipment. Customers will receive receipts with simple instructions on how to load the purchased coins into the digital wallet of their choice.

The SurgePays blockchain platform already performs more than 20,000 secure daily transactions of underbanked financial services. The new feature of SurgePays will allow the store clerk to facilitate the purchase of $ 50 to $ 1,499 of cryptocurrency.

“When I took over as CEO in 2017, I said that we are building an updated version of our software platform to incorporate blockchain with my mission to be the first company to virtually improve the lives of people. underbanked people, locally in the stores where they shop, ”said Brian Cox, president and CEO of SurgePays. “We use the same trusted cultural framework of the community store to be the technology hub of under-banked neighborhoods. “

This cryptocurrency service represents a powerful expansion of the SurgePays fintech product suite, providing a competitive advantage catalyst to its recently announced expansion plan utilizing a nationwide sales team.

“Enabling the underbanked population to buy digital currency is the first step. We plan to release a version update in the second quarter of 2022, which would allow consumers to use the cryptocurrency to make purchases at any store in the SurgePays network. This use case will be an extremely interesting differentiator and position SurgePays as a market leader in the underbanked space, ”added Mr. Cox.

About SurgePays, Inc.

SurgePays, Inc. is a B2B fintech with other verticals in the underbanked space and software development. SurgePays uses its blockchain software platform to deliver a full suite of essential financial services and prepaid products for the underbanked, as well as top-selling consumables to convenience stores, community stores, mini-markets, tiendas, and bodegas. Please visit www.SurgePays.com for more information.

SurgePays, Inc.

Company contact: Tony Evers CPA, CIAChief Financial [email protected]

Investor Relations Contact: CORE [email protected]

Media Relations: Henry Feintuch / Doug WrightFeintuch Communications646-753-5710 / [email protected]

Caution regarding forward-looking statement

This press release contains express or implied statements that are not historical facts and are considered to be 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 operating results or 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”, “,” Believe “,” estimate “,” anticipate “,” project “,” potential “,” continue “,” in progress “or the negative of these terms or other comparable terminology, although all forward-looking statements do not contain these words. While 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 results, performance. or real achievements. be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In addition, actual results may differ materially from those described in forward-looking statements and will be affected by a variety of risks and factors beyond our control, including, without limitation, statements about our future financial performance, including our income. , our cash flows, income costs and operating expenses; our anticipated 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 to customers. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those described in more detail in our documents filed with the Securities and Exchange Commission (“SEC”), including in our annual report on the Form 10-K for the fiscal year ended December 31, 2020. The forward-looking statements contained in this press release speak only as of the date the statements are made. We assume 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 unforeseen events, except as required by law.

SURGEPAYS, INC.

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