Alpha Modus, SurgePays Sign LOI To Roll Out 'Alpha Cash' Digital Wallet Across Up To 100,000 Retail Locations

Alpha Modus Financial Services, LLC ("AMFS"), a division of  Alpha Modus Holdings, Inc. ("Alpha Modus") (NASDAQ:AMOD), and SurgePays, Inc. (NASDAQ:SURG), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today announced the signing of a Letter of Intent (the "LOI") to establish a commercial integration and distribution partnership. This strategic alliance is designed to expand financial access, enhance in-store engagement, and deliver a modern suite of digital services to subprime and underserved consumers nationwide.

Addressing the Needs of the Underserved

Per the National Association of Convenience Stores, more than 100 million Americans visit convenience stores, wireless dealers, and small merchants each month for essential services. Many of these consumers are historically underserved, relying on prepaid mobile services, government assistance programs, or cash-based transactions.

Through this partnership, Alpha Modus and SurgePays aim to create one of the most extensive distribution channels in America by leveraging SurgePays' retail footprint of over 8,000 independent merchants and positioning to drive expansion into up to 100,000 retail locations.

Integration of Alpha Cash

Central to this collaboration is the integration of the forthcoming AMFS digital wallet, "Alpha Cash." This partnership should allow the financially underserved to cash checks, pay bills, transfer funds, reload prepaid mobile accounts, and purchase prepaid cards and event tickets directly through Alpha Cash.

"SurgePays reaches the exact consumer we built Alpha Cash for: the shopper who walks into a store every week, but is disconnected from financial inclusion," stated Chris Chumas, Chief Strategy Officer of Alpha Modus. "Our partner's growth is impressive and the prospect of having Alpha Cash pre-loaded on 3,000 new devices per day presents significant opportunity. The partnership is aimed to establish an operating framework that supports Alpha Modus' commercialization efforts, expand Alpha Cash's deployment footprint, and enable a measurable outcome in communities with limited access to financial services."

Strategic Implementation

Under the LOI, the companies will primarily integrate, pre-load, and promote Alpha Cash as the primary financial services partner within SurgePays' assets, including:

• ProgramBenefits.com and the ClearLine POS marketing platform.
• SurgePays digital intake flows and wireless signup workflows (Torch, LinkUp, Lifeline, etc.)
• SurgePays consumer-facing benefit enrollment or prepaid activation platforms.