{"success":true,"data":{"pressRelease":{"id":"111578","rtpr_id":"nGNXGTPmM","ticker":"SURG","exchange":"NASDAQ","all_tickers":["SURG"],"title":"SurgePays Expands Prepaid Wireless Distribution with Formation of Redline Wireless Group Across 20,000 Plus Dealers, Targeting More Than 1 Million Subscribers","author":"Globe Newswire","published_at":"2026-08-06T13:15:00.215Z","article_body":"BARTLETT, Tenn., Aug. 06, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:\nSURG) (\"SurgePays\" or the \"Company\"), a wireless and fintech technology\ncompany connecting subprime and underserved consumers to essential mobile and\nfinancial services, announces the expansion of its prepaid wireless\ndistribution through the formation of Redline Wireless Group, LLC\n(\"Redline\"), a Wyoming limited liability company established as a joint\nventure between the Company and one of the largest wireless master\ndistribution organizations in the United States (the \"Contributing Member\"),\nwhich operates an executed dealer agreement footprint of more than 20,000\nactive independent prepaid wireless dealers. Redline has been formed to\nmarket, distribute, and support prepaid wireless services nationwide across\nthis independent dealer footprint.\n\nRedline will combine, in a single joint venture entity, the Company's MVNO\ninfrastructure, including the LinkUp Mobile consumer brand, billing and\nprovisioning systems, customer service and technical support, general and\nadministrative infrastructure, and the Company's operations center, with\naccess to the Contributing Member's national independent dealer prepaid\nwireless distribution channel.\n\n\"This partnership significantly expands our prepaid wireless distribution\nnationwide, pairing our full MVNO infrastructure, including LinkUp Mobile,\nwith one of the largest independent dealer footprints in the country, more\nthan 20,000 active dealers already selling prepaid wireless every day. Our\nteam spent over a year integrating and developing these systems in a live\nenvironment to support this level of scale, with the intention of building one\nof the largest prepaid wireless companies in the nation. Both parties share\nthe goal of reaching more than 1 million subscribers in the coming years. Even\nour most conservative internal models show Redline generating more revenue and\nprofit by month 18 than any prior SurgePays subsidiary has achieved,\" said\nBrian Cox, Chairman and Chief Executive Officer of SurgePays.\n\nRedline is owned 51% by SurgePays, as controlling and managing member, and 49%\nby the Contributing Member (or an entity designated by the Contributing\nMember), as noncontrolling member. SurgePays intends to consolidate Redline as\na majority-owned controlled subsidiary in accordance with Accounting Standards\nCodification 810, with the Contributing Member's 49% economic interest\nreported as a noncontrolling interest.\n\nAbout SurgePays, Inc.\n\nSurgePays, Inc. (NASDAQ: SURG) is a wireless and fintech technology company\nconnecting the approximately 138 million subprime and underserved consumers in\nthe United States to essential mobile and financial services. The Company\noperates a proprietary point of sale platform installed in approximately 9,000\nconvenience stores nationwide, and owns and operates the LinkUp Mobile, Torch\nWireless, HERO MVNE, and ProgramBenefits.com brands and platforms. By\ncombining physical distribution with data driven technology, SurgePays is\nbuilding a scalable platform designed to increase engagement and drive\nrecurring revenue across multiple product categories. SurgePays is\nheadquartered in Bartlett, Tennessee. For more information, please visit\nwww.surgepays.com.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, and such forward-looking\nstatements are made pursuant to the safe harbor provisions of the Private\nSecurities Litigation Reform Act of 1995 (15 U.S.C. §78u-5). Forward-looking\nstatements are neither historical facts nor assurances of future performance.\nInstead, they are based only on our current beliefs, expectations, and\nassumptions regarding the future of our business, future plans and strategies,\nprojections, anticipated events and trends, the economy, and other future\nconditions, including with respect to the formation and operations of Redline\nWireless Group, LLC, the in kind nature of the Company's contributions to\nRedline, the expectation that Redline will be cash flow positive from its\nfirst month of commercial operations, the future subscriber growth of Redline\nand the LinkUp Mobile brand, including the parties' shared objective of\nexceeding 1 million subscribers, the parties' internal financial projections\nfor Redline, comparisons of Redline's projected revenue and profitability to\nthe historical results of prior SurgePays subsidiaries, the intended\nconsolidation of Redline in the Company's financial statements under\nAccounting Standards Codification 810. Because forward-looking statements\nrelate to the future, they are subject to inherent uncertainties, risks, and\nchanges in circumstances that are difficult to predict and many of which are\noutside of our control. Our actual results and financial condition may differ\nmaterially from those indicated in the forward-looking statements. Therefore,\nyou should not rely on any of these forward-looking statements. Important\nfactors that could cause our actual results and financial condition to differ\nmaterially from those indicated in the forward-looking statements are\ndiscussed or identified in our filings with the Securities and Exchange\nCommission, including the risk factors contained in our most recent Annual\nReport on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All\nforward-looking statements attributable to us or persons acting on our behalf\nare expressly qualified in their entirety by these cautionary statements. You\nare cautioned not to place undue reliance on forward-looking statements, which\nspeak only as of the date of this press release. We undertake no obligation to\nupdate these statements as a result of new information or future events,\nexcept as required by law.\n\nInvestor Relations Contact\n\nSurgePays, Inc.\nir@surgepays.com\n\nCompany Contact\n\nSurgePays, Inc.\n3124 Brother Blvd., Suite 104\nBartlett, TN 38133\nwww.surgepays.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/764c2b17-35b3-4633-b141-2b7b98aab3a3)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXGTPmM","title":"SurgePays Expands Prepaid Wireless Distribution with Formation of Redline Wireless Group Across 20,000 Plus Dealers, Targeting More Than 1 Million Subscribers","author":"Globe Newswire","ticker":"SURG","created":"2026-08-06T13:15:00.215Z","tickers":["SURG"],"exchange":"NASDAQ","article_body":"BARTLETT, Tenn., Aug. 06, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:\nSURG) (\"SurgePays\" or the \"Company\"), a wireless and fintech technology\ncompany connecting subprime and underserved consumers to essential mobile and\nfinancial services, announces the expansion of its prepaid wireless\ndistribution through the formation of Redline Wireless Group, LLC\n(\"Redline\"), a Wyoming limited liability company established as a joint\nventure between the Company and one of the largest wireless master\ndistribution organizations in the United States (the \"Contributing Member\"),\nwhich operates an executed dealer agreement footprint of more than 20,000\nactive independent prepaid wireless dealers. Redline has been formed to\nmarket, distribute, and support prepaid wireless services nationwide across\nthis independent dealer footprint.\n\nRedline will combine, in a single joint venture entity, the Company's MVNO\ninfrastructure, including the LinkUp Mobile consumer brand, billing and\nprovisioning systems, customer service and technical support, general and\nadministrative infrastructure, and the Company's operations center, with\naccess to the Contributing Member's national independent dealer prepaid\nwireless distribution channel.\n\n\"This partnership significantly expands our prepaid wireless distribution\nnationwide, pairing our full MVNO infrastructure, including LinkUp Mobile,\nwith one of the largest independent dealer footprints in the country, more\nthan 20,000 active dealers already selling prepaid wireless every day. Our\nteam spent over a year integrating and developing these systems in a live\nenvironment to support this level of scale, with the intention of building one\nof the largest prepaid wireless companies in the nation. Both parties share\nthe goal of reaching more than 1 million subscribers in the coming years. Even\nour most conservative internal models show Redline generating more revenue and\nprofit by month 18 than any prior SurgePays subsidiary has achieved,\" said\nBrian Cox, Chairman and Chief Executive Officer of SurgePays.\n\nRedline is owned 51% by SurgePays, as controlling and managing member, and 49%\nby the Contributing Member (or an entity designated by the Contributing\nMember), as noncontrolling member. SurgePays intends to consolidate Redline as\na majority-owned controlled subsidiary in accordance with Accounting Standards\nCodification 810, with the Contributing Member's 49% economic interest\nreported as a noncontrolling interest.\n\nAbout SurgePays, Inc.\n\nSurgePays, Inc. (NASDAQ: SURG) is a wireless and fintech technology company\nconnecting the approximately 138 million subprime and underserved consumers in\nthe United States to essential mobile and financial services. The Company\noperates a proprietary point of sale platform installed in approximately 9,000\nconvenience stores nationwide, and owns and operates the LinkUp Mobile, Torch\nWireless, HERO MVNE, and ProgramBenefits.com brands and platforms. By\ncombining physical distribution with data driven technology, SurgePays is\nbuilding a scalable platform designed to increase engagement and drive\nrecurring revenue across multiple product categories. SurgePays is\nheadquartered in Bartlett, Tennessee. For more information, please visit\nwww.surgepays.com.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, and such forward-looking\nstatements are made pursuant to the safe harbor provisions of the Private\nSecurities Litigation Reform Act of 1995 (15 U.S.C. §78u-5). Forward-looking\nstatements are neither historical facts nor assurances of future performance.\nInstead, they are based only on our current beliefs, expectations, and\nassumptions regarding the future of our business, future plans and strategies,\nprojections, anticipated events and trends, the economy, and other future\nconditions, including with respect to the formation and operations of Redline\nWireless Group, LLC, the in kind nature of the Company's contributions to\nRedline, the expectation that Redline will be cash flow positive from its\nfirst month of commercial operations, the future subscriber growth of Redline\nand the LinkUp Mobile brand, including the parties' shared objective of\nexceeding 1 million subscribers, the parties' internal financial projections\nfor Redline, comparisons of Redline's projected revenue and profitability to\nthe historical results of prior SurgePays subsidiaries, the intended\nconsolidation of Redline in the Company's financial statements under\nAccounting Standards Codification 810. Because forward-looking statements\nrelate to the future, they are subject to inherent uncertainties, risks, and\nchanges in circumstances that are difficult to predict and many of which are\noutside of our control. Our actual results and financial condition may differ\nmaterially from those indicated in the forward-looking statements. Therefore,\nyou should not rely on any of these forward-looking statements. Important\nfactors that could cause our actual results and financial condition to differ\nmaterially from those indicated in the forward-looking statements are\ndiscussed or identified in our filings with the Securities and Exchange\nCommission, including the risk factors contained in our most recent Annual\nReport on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All\nforward-looking statements attributable to us or persons acting on our behalf\nare expressly qualified in their entirety by these cautionary statements. You\nare cautioned not to place undue reliance on forward-looking statements, which\nspeak only as of the date of this press release. We undertake no obligation to\nupdate these statements as a result of new information or future events,\nexcept as required by law.\n\nInvestor Relations Contact\n\nSurgePays, Inc.\nir@surgepays.com\n\nCompany Contact\n\nSurgePays, Inc.\n3124 Brother Blvd., Suite 104\nBartlett, TN 38133\nwww.surgepays.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/764c2b17-35b3-4633-b141-2b7b98aab3a3)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-06T13:15:00.294300021Z","server_sent_at_ms":1786022100294},"received_at":"2026-08-06T13:15:00.360Z","source_url":"https://www.globenewswire.com/news-release/2026/08/06/3340386/0/en/surgepays-expands-prepaid-wireless-distribution-with-formation-of-redline-wireless-group-across-20-000-plus-dealers-targeting-more-than-1-million-subscribers.html"},"analysis":{"id":"100580","press_release_id":"111578","analysis_json":{"industry":{"label":"Diversified Telecommunication Services","sector":"Communication Services"},"redFlags":[],"eventType":"partnership","narrative":"SurgePays established Redline Wireless Group, a joint venture in which it holds a 51% controlling interest, to combine its MVNO infrastructure with a partner's network of over 20,000 active independent dealers.\n\nThe partnership targets more than 1 million subscribers by leveraging the LinkUp Mobile brand and SurgePays' proprietary billing and support systems across the expanded distribution footprint.\n\nManagement projects that Redline will become the company's largest revenue and profit generator within 18 months of commercial operations.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Joint venture unlocks 20,000+ dealer network, positioning SURG for rapid subscriber growth and potential profitability inflection."},"keyFigures":{"customDimensions":{"dealer_count":20000,"subscriber_target":1000000,"surging_ownership_percentage":51}},"quotedText":"Even our most conservative internal models show Redline generating more revenue and profit by month 18 than any prior SurgePays subsidiary has achieved","namedEntities":{"people":[{"name":"Brian Cox","role":"Chairman and Chief Executive Officer"}],"products":["LinkUp Mobile","Torch Wireless","HERO MVNE","ProgramBenefits.com"],"companies":[{"name":"SurgePays, Inc.","ticker":"SURG"},{"name":"Redline Wireless Group, LLC","relationship":"joint venture"},{"name":"Contributing Member","relationship":"joint venture partner"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Formation of a 51%-owned joint venture with a major master distributor expands SurgePays' retail footprint to over 20,000 dealers, more than doubling its current reach, and targets over 1 million subscribers."},"tickerRelevance":{"others":[],"primary":"SURG"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small_cap","eventGravity":"joint_venture_expansion"}},"event_type":"partnership","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"SurgePays established Redline Wireless Group, a joint venture in which it holds a 51% controlling interest, to combine its MVNO infrastructure with a partner's network of over 20,000 active independent dealers.\n\nThe partnership targets more than 1 million subscribers by leveraging the LinkUp Mobile brand and SurgePays' proprietary billing and support systems across the expanded distribution footprint.\n\nManagement projects that Redline will become the company's largest revenue and profit generator within 18 months of commercial operations.","key_figures":{"customDimensions":{"dealer_count":20000,"subscriber_target":1000000,"surging_ownership_percentage":51}},"named_entities":{"people":[{"name":"Brian Cox","role":"Chairman and Chief Executive Officer"}],"products":["LinkUp Mobile","Torch Wireless","HERO MVNE","ProgramBenefits.com"],"companies":[{"name":"SurgePays, Inc.","ticker":"SURG"},{"name":"Redline Wireless Group, LLC","relationship":"joint venture"},{"name":"Contributing Member","relationship":"joint venture partner"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-06T22:44:15.637Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small_cap","eventGravity":"joint_venture_expansion"}},"durationMs":132387,"modelName":"glm-4.7"}}