SurgePays Appoints Anthony P. Nuzzo, Jr. as CEO of its LogicsIQ Subsidiary

Experienced financial services executive to lead marketing business intelligence CRM

BARTLETT, Tenn. and SCHAUMBURG, Ill., Aug. 17, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG) (“SurgePays” or the “Company”), a blockchain financial technology company building a next generation supply chain network in the U.S. for convenience stores, mini-marts, tiendas, bodegas, gas stations and other merchants serving underbanked consumers, announces that Anthony P. Nuzzo, Jr., President of the Company and an experienced financial services executive, has been appointed Chief Executive Officer of the Company’s wholly owned subsidiary, LogicsIQ, Inc. (“LogicsIQ”), formerly SurgeLogics.

The executive move follows the Company’s May 2021 announcement to begin exploring the best possible options to deliver shareholder value by spinning-off or taking the LogicsIQ subsidiary public, as described in the Company’s Registration Statement on Form S-1 filed on August 2, 2021. Mr. Nuzzo will continue in his role at SurgePays during a transition period.

Mr. Nuzzo, who joined SurgePays in August 2017, is an accomplished financial services executive and entrepreneur with a successful track record as a CEO, CFO, and financial consultant. Over his career, he has built multiple companies named to Inc. 500’s list of fastest growing financial institutions. During his tenure at SurgePays, he led the development of LogicsIQ’s SaaS platform and oversaw the growth of the business.

LogicsIQ is a software-as-a-service (SaaS) customer relationship management (CRM) provider for enterprises. Its flagship CRM solution, Intake Logics, helps law firms to generate high quality sales leads while converting those leads into signed retained clients. In addition, LogicsIQ serves as a full-serve business process outsourcing (BPO) provider, providing a range of services like sales and contract processing, email and live chat support, social media management, and data processing and programming.

As CEO of LogicsIQ, Mr. Nuzzo will lead a seasoned executive team that fueled the business’s growth pre-pandemic and has a strategy to build future growth both organically and through acquisitions. LogicsIQ is positioning itself to become the top enterprise software solution provider for marketing business intelligence, client generation, case load management, and vertically integrated services for law firms and other industry verticals.

“Anthony has led LogicsIQ’s evolution from a lead generation business to a full-service software development enterprise and BPO provider with significant potential for future growth,” said Brian Cox, CEO of SurgePays. “He knows the business, and its software platform, and has the leadership skills, experience, and passion to propel its future growth and deliver shareholder value.”

“LogicsIQ is at a critical inflection point in its growth and future prospects,” said Mr. Nuzzo. “SurgePays has provided us with the capital, management, and resources to expand our portfolio of solutions and focus on business expansion.”

About SurgePays, Inc.
SurgePays, Inc. utilizes its blockchain software platform to offer a comprehensive suite of prepaid, financial services for the underbanked and top selling wholesale products to independently owned convenience stores, mini-marts, tiendas, and bodegas more cost efficiently than existing wholesale distribution models. Please visit www.SurgePays.com for more information.

SurgePays, Inc.

Company Contact:
Tony Evers CPA, CIA
Chief Financial Officer
847-648-7541
tevers@surgeholdings.com

Investor Relations Contact:
CORE IR
516-222-2560
invest@surgeholdings.com

Media Relations Contacts:
Henry Feintuch / Doug Wright
Feintuch Communications
914-548-6924 / 201-952-6033
surgepays@feintuchpr.com

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