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UPDATE: SurgePays Signs Prepaid Wireless Agreement With Etime System For Minimum $48M In Annual Airtime And Refill Purchases, Including $4M Monthly Commitment
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SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a fintech company that launches and runs wireless brands, today announced a prepaid wireless agreement (the "Agreement") with Zulie Venture Inc. dba Etime system ("Etime system"), a payments network serving more than 1,000 retail locations nationwide. Etime system has committed to buy at least $48 million in prepaid wireless airtime, top-up and refill transactions from SurgePays over the initial term of the Agreement from October 1, 2026 through September 30, 2027, with a minimum of $4 million a month. These amounts represent prepaid wireless purchase volume. The Agreement renews automatically each year at the same minimum commitment.

This Agreement generates new volume for SurgePays POS and began operating in early October.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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