LOS ANGELES, CA--(Marketwired - Sep 6, 2016) - GAWK, Inc. (OTC PINK: GAWK) CEO Scott Kettle revealed today that the third quarter for the Company was starting out explosively, with a record $600,000 plus revenue stream for August. "We are executing on our business plan, and our strategy of gaining market share through acquisitions and internal growth is clearly booming." Kettle noted that the 20% increase surpassed the previous record of $500,000 revenue, in February, and that GAWK is actively evaluating assets of additional data centers in the United States, Canada, Asia and Europe.
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. GAWK's Hosted PBX delivers encrypted voice calls with secure voice between endpoints on the network -- including desk phones, Desktop, and, with the impending release of our mobile app encrypted voice communications will extend to your cellular devices. "As the need for cyber security grows," Kettle continued. "The level and sophistication of GAWK's software solutions will afford us with the highest level of data encryption security for our customers."
GAWK acquired four complimentary or competing companies in the telecommunications space since its inception in 2013. Its 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.
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.