LOS ANGELES, CA--(Marketwired - Jul 5, 2016) - GAWK Inc. (OTC PINK: GAWK) today announced that Vincent A. Cuzzo has been named an Independent Member of the Board of the Company, and will head the Audit Committee. Scott Kettle, CEO, said of Cuzzo, "Vince is a good friend of the Company, who has been associated with Chris Hall, another member of the board, for over 25 years." Chris Hall commented, "Vince is an important addition to GAWK because he is active and experienced in all the areas our business plan encompasses." He received his CPA in the State of NY in 1985.
Most recently, Cuzzo Founded CLP Energy, LLC in 2014, an alternative energy development company that builds and finances onsite natural gas power plants for customers, primarily in the agriculture space, in the central valley of California. The Company's clients include Sun Chemical, Hewlett Packard, Kodak, Xeikon, Ricoh, Lucent Technologies and others.
Mr. Cuzzo was a member of the Accounting Standards Board of Directors for the CDLA (Computer Dealers and Lessors Association), an accounting/leasing group that interfaced with the SEC and FASB on disclosers and footnotes to the financial statements of publicly traded leasing companies, and was also Equipment Finance Consultant to the Printing Industry of America/PINE (Printing Industry of New England). Cuzzo was Controller, Royal Zenith, and Controller of the graphics industry subsidiary of the Investment Firm - Dyson, Kissner, Moran. Previously, he was Area Controller, Cablevision, and a member of the company's merger and acquisition team. He is a member of the American Institute of CPA's.
On Tuesday May 24th, the Company filed its Annual Report for the year ended January 31, 2016, in which it reported that the Company's revenue for the year increased by 984%. GAWK's total assets increased last year to $7,249,750 from $3,297,640, or a rise of 219%, principally from three acquisitions made over the past 30 months.
GAWK's business plan contemplates targeting cloud services companies for acquisition, developing vertical markets, and fast-tracking organic growth.
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
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.