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Concerned Stockholders of Surge Components Inc. Sends Open Letter to Fellow StockholdersThe Concerned Stockholders of Surge Components, Inc., long-term stockholders of Surge Components, Inc. (OTCPK: SPRS) ("Surge") who beneficially own approximately 22% of Surge, today announced that they sent an open letter to their fellow stockholders. The Concerned Stockholders urge their fellow stockholders to contact them regarding Surge. The full text of the letter follows: Concerned Stockholders of Surge Components +1-507-86SURGE (507-867-8743) October 25, 2016 Dear Fellow Stockholder:
YOU OWN SHARES OF SURGE COMPONENTS, INC. Surge Components, Inc. ("Surge") is not responding to our multiple requests to provide us with a "NOBO list" containing your names and contact information. We believe that Surge is required to provide us wth this information. We don't know all fellow stockholders and want the opportunity to speak with you about Surge. WE WANT TO TALK WITH YOU ABOUT YOUR INVESTMENT IN SURGE. Let us remind you that over the past five years preceding August 26, 2016 (when we first went public with our concerns), Surge's stock price declined by 17% while the S&P 500 and Russell 2000 indices have produced returns of 105% and 92%, respectively. Additionally, over the preceding 20 years Surge's stock price dropped by 85% while the S&P 500 returned 375% and the Russell 2000 returned 387%. Current management has been in place during that entire 20-year span. We continue to believe that Surge should be sold, preferably to a strategic buyer. Please contact us to discuss Surge. WE WANT TO TALK WITH YOU. We can be reached by phone at +1-507-86SURGE (507-867-8743) or by email at [email protected]. We have also established a website at www.concernedsurgestockholders.com. Very truly yours, Concerned Stockholders of Surge Components
/s/ Mike Tofias
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006293/en/ |
