Las Vegas, March 08, 2018 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (OTCQB:SURG)  a company whose subsidiaries operate in various sectors including Blockchain Fintech Software, Telecommunications, Social Media Marketing and Cryptocurrency Mining; announced today that True Wireless has been approved for a $500,000 bank line of credit for the purposes of manufacturing custom handsets.

“We have been working on this custom Android project for over a year,” stated Brian Cox, CEO of Surge Holdings, Inc. “There is a high demand for that perfect sweet spot “high value – low cost” GSM Android. The Surge Android will be marketed and distributed online as well as through our SurgePays network of merchants. The smartphone will be available to SurgePhone wireless customers and also can be used by customers on other wireless carriers.” added Cox.

The custom manufactured Android will have a 5” LCD screen, 8GB of memory and the most recent Android operating system. The handset will come with preinstalled Blockchain and Cryptocurrency apps that will drive additional revenue for Surge. Full specifications and pictures will be released using the Surge Holdings News Alerts mailing list.

Cox also said “This is perfect timing related to closing the final reorganization transaction for Surge and True Wireless. Surge will leverage this LOC for an initial order of around 12,000 handsets while looking to scale up quickly.”

The funding gives Surge Holdings, Inc. access to scalable, non-dilutive funds and shows the continual commitment to maximizing shareholder value while building the foundation for aggressive growth. 

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ABOUT SURGE HOLDINGS, INC. 

Surge Holdings, Inc. is a fully reporting, publicly traded company whose subsidiaries operate in various sectors including Blockchain Fintech Software, Telecommunications, Social Media Marketing and Cryptocurrency Asset Mining.

FORWARD LOOKING STATMENTS

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.