SOURCE: GAWK, Inc.

Gawk, Inc.

March 02, 2016 08:30 ET

GAWK Inaugurates High Revenue International Calling via New Subsidiaries

LOS ANGELES, CA--(Marketwired - Mar 2, 2016) - GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle announced today Gawk has expanded its call platform to include international calling, and intends to quickly monetize it to the company's bottom line, which recently rose from $2 million to just under $6 million in annual revenue.

GAWK's subsidiary companies, NetD, WebRunners, Inc., and Connexum, are participating in the new international platform. Kettle noted, "The international telecom business is a high revenue contributor, which is part of the reason for our series of acquisitions. It allows us to significantly broaden our family of Telecom and Cloud Computing services, and focus on retail services for our SME business customers while continuing to grow GAWK's revenue."

GAWK recently acquired Connexum LLC (www.connexum.com). At the beginning of the past fiscal year, GAWK was averaging $19K per month in revenues, and with its most recent acquisition, the Company is rapidly approaching $19K in revenue a day.

Connexum represents GAWK's third acquisition, 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. The Company's strategy is growth through acquisition. GAWK is now a Full Service business class telecom provider, providing Hosted PBX services, competing directly with 8X8, Vonage, and other market leaders, reaching 100 million people each month in 21 Countries and 31 Major Cities for Cloud and Edge Data Center Services.

GAWK has identified 21 additional data center acquisitions, and is moving forward with negotiations for several in the Midwest and on the East Coast, and internationally, in Brazil, Australia, Singapore and Canada.

The Company filed its quarterly report with the Securities & Exchange Commission on December 17, 2015, in which GAWK reported that year to date revenue was significantly higher, up 1089%, for the first nine months of 2015, over the same period in 2014.

About GAWK, Inc.

GAWK, Inc. offers a suite of cloud communications, cloud connectivity, cloud computing, 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