UPDATE: SurgePays Signs Prepaid Wireless Agreement With Etime System For Minimum $48M In Annual Airtime And Refill Purchases, Including $4M Monthly Commitment

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.