LOS ANGELES, CA--(Marketwired - Sep 13, 2016) - GAWK Inc. (OTC PINK: GAWK) announced today the debut of a new social media product, GAWK SMS. Scott Kettle, CEO of GAWK, said, "GAWK has developed an application targeted specifically for the non-profit and affiliate marketing arena, and we already have our first client; a major, national service organization, using the Gawk SMS platform for internal communications to help fund their charitable causes. We expect SMS to be a significant additional revenue source, as our sales staff begins to sell it into the market."
Larry Messinger, Connexum VP of Sales said, "Text messaging applications have barely begun to find all the possibilities, and GAWK's enterprising engineers are focused on discovering new ways to use SMS. GAWK SMS will be made available through our Connexum business unit."
GAWK anticipates that cyber security, a research and development project at the Company, will be a substantial revenue generator, which will add to its cash producing strategy, which includes acquisition and organic growth. GAWK's cyber security division, through recent acquisitions, Connexum and Xtelus, has enhanced the Company's Fully-Encrypted Hosted PBX Services product, wherein all calls initiated and terminated by GAWK are protected by GAWK's superior technology.
The start of the third quarter for the Company, announced on September 6, 2016, was a record $600,000 plus revenue stream for August, a 20% increase over the previous record of $500,000 revenue, in February.
GAWK acquired four complimentary or competing companies in the telecommunications space in the last two years. It's most recent, Xtelus LLC, with its $1million in annual revenue, brought the Company to a yearly revenue run rate of approximately $7 million. Xtelus, Net D Consulting, Connexum and Web Runners are wholly owned subsidiaries of GAWK. GAWK is actively evaluating assets of additional data centers in the United States, Canada, Asia and Europe.
In May 2016, 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 now reaches 100 million people each month in 21 Countries and 31 Major Cities, for Cloud and Edge Data Center Services.
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.