SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today announced an expanded relationship with All Prepaid, LLC, dba LowWeeklyPayments ("LWP" or "Low Weekly Payments"), a Florida-based smartphone rent-to-own (RTO) platform serving subprime consumers, following a three-month pilot across 32 independent retail dealers. The companies are actively exploring a new joint venture to scale this early success across SurgePays' broader multi-thousand dealer network.

Deployed inside 32 SurgePays-affiliated dealer locations, the SurgePays + LWP program scaled sharply over its first three months, generating retail sales of:

• April: $1,500
• May: $29,699
• June: $142,725

The month over month acceleration from initial dealer onboarding in April to $142,725 in June sales revenue, or approximately $4,438 in average revenue per dealer for the month across the 32 pilot dealers, is the primary reason the Company is moving to expand the program beyond the initial 32 dealer test market.

LWP operates a rent-to-own device model built around a unique approval matrix that the Company believes delivers materially higher approval rates than other device-financing options currently available to the subprime segment. Under the program, LWP purchases the phone and rents the device to the customer under a low weekly payment structure until the phone is paid off, at which point the customer owns the device outright.

Inside SurgePays’ dealer network, the LWP program is designed to convert customers who typically transact in cash and cannot qualify for traditional credit-based device financing. The LWP program is available as a standalone RTO option that works with the customer’s existing carrier or combined with a new service offering such as LinkUp Mobile, giving dealers a way to serve a broader set of buyers than a service-only or device-only offering could reach.