Surge Holdings, a renowned US-based developer of SurgePays Marketplace Network for bodegas, convenience stores, and community markets that offer commodities to the underbanked, reportedly announced that its subsidiary SurgePhone Wireless has inked a distribution deal with Softel Technologies, a renowned cell phone refurbishment service provider and wireless carrier. As per the agreement, Surge Holdings would market wireless Softel handsets and register qualifying consumers in Lifeline, a discounted communication program of FCC. The company would receive Softel's phones at no upfront cost. Both companies would benefit on the basis of customer usage. President of Softel Technologies, Hung Do stated that the company is thrilled to collaborate with Surge. The company is truly an innovator that offers unique solutions for underserved markets. Due to its impressive distribution abilities as well as the track record in both compliance and sales, Softel believes that this partnership with Surge would help push sales of the company's Lifeline program and phones. Do further added that as the company can procure wholly equipped phones, it is capable of supporting Surge in deploying the new product to thousands of users. VP of Wireless Sales for Surge, Jonathon Coffman stated that the company is thrilled to partner with Softel, as this distribution and supply agreement eliminates constraints acquiring quality phones and opens up novel and much bigger markets. Furthermore, this deal alleviates the requirements of upfront capital, where earlier the company had to buy the Androids and then gain the returns after a few months. Coffman further added that instead, the company could utilize the same management team to monitor registrations in other additional states. Softel offers smartphones at zero upfront cost. This significantly improves the company's cash flow model and would allow it to more quickly scale the business. The company looks forward to actively deploying this unique offering throughout ten states primarily, which includes California, with new products to follow. Lifeline is a new FCC program to make communication services more reasonable for low-income customers. Lifeline offers its subscribers a certain discount over the monthly telephone service bought from the contributing providers in the industry. To take part in the program, potential subscribers are required to either have an income level that is near or below 135 percent of federal Poverty Guidelines or be a part of an assistance program like Medicaid and SNAP. Source credit: https://www.globenewswire.com/news-release/2019/11/25/1951989/0/en/SurgePhone-Wireless-Signs-Distribution-Agreement-with-Softel-Technologies.html