SOURCE: GAWK, Inc.

Gawk, Inc.

March 14, 2016 08:30 ET

GAWK $500K February Revenue Attributed to Acquisition of Connexum

LOS ANGELES, CA--(Marketwired - Mar 14, 2016) -  GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle stated today that the acquisition of Connexum LLC (www.connexum.com), announced on February 2, 2016, was already paying dividends in the first month of the company's new fiscal year, as revenues for the month of February exceeded $500,000. Kettle also said that the Company's previous best month's revenue was slightly over $200,000. "At this run rate," Kettle continued, "provided we maintain the explosive growth we are currently experiencing, we expect to meet our goals of $6 million for the year."

GAWK is bottom line profitable, Kettle pointed out, and is actively evaluating assets of data centers in the United States, Canada, ASIA and Europe, based on its strategy of growth through acquisition. GAWK now reaches 100 million people each month in 21 Countries and 31 Major Cities, for Cloud and Edge Data Center Services.

Connexum is the third acquisition by GAWK, after adding WebRunners, Inc. (www.webrunners.com) Irvine, CA-based data center, on October 31, 2014, and asset purchase of NetD Consulting, Inc. (www.netdinc.com) on May 1, 2015.

About GAWK, Inc.

Gawk, Inc. offers a suite of cloud communications, cloud connectivity, cloud computing, Hosted PBX, Hosted Call Center, and managed cloud-based applications solutions to small, medium, and large businesses; and offers domestic and international voice services to communications carriers worldwide. It offers a suite of advanced data center and cloud-based services, including fault tolerant, high availability cloud servers, which comprise platform as a service, infrastructure as a service, and a content delivery network; managed network services that converge voice and data applications, structured cabling, wireless, and security services, as well as include Internet access via Ethernet or fiber at speeds ranging from 10 Mbps to 10 Gbps; and data center solutions, including cloud services, colocation services, and business continuity services, such as storage and security. www.gawkinc.com

Forward-Looking Statements

All statements in this release that are not strictly historical facts are "forward-looking statements." Such forward-looking statements are based on GAWK's current assumptions, beliefs and expectations, and involve risks, uncertainties and other factors that may cause GAWK's actual results to be materially different from any results expressed or implied by such forward-looking statements. Some can be identified by the use of words such as "expect," "plan," "possibility," "offer," "if," "negotiate," "when," "believe," "will," "estimate," "continue," and similar expressions. Risks, uncertainties, and other factors that could cause or contribute to such differences include, but are not limited to: ongoing and future intellectual property enforcement actions; the ability to successfully litigate or settle claims of patent infringement; GAWK's ability to obtain necessary financing, generate sufficient cash flow, and maintain appropriate indebtedness; and the increasing development of market competition in the area of telecommunications. These factors and others are described in more detail in GAWK's public filings with the Securities and Exchange Commission, including the risks discussed in the "Risk Factors" section in GAWK's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of these reports can be found on GAWK's website (http://gawkinc.com) under the heading "Investor Relations." GAWK is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    GAWK Inc.
    Investor Relations
    888.754.6190 Ext. 3