LOS ANGELES, CA - (NewMediaWire) - November 30, 2015 - GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle announced today that the Company has signed a letter of intent (LOI) for a $2 million capital commitment from TCA Global Credit Master Fund, which it will use to purchase data centers in Tier 2 small to -medium cities across the U.S.
Kettle said, "This $2 million commitment allows us to move forward with negotiations for several data centers we have identified in the Mid-West and on the East Coast. We have announced recently a series of important customer wins, and our business plan calls for a national chain of GAWK data centers, and expanding internationally from there. The Company recently announced that the Company has signed a letter of intent to acquire all of the assets of Connexum, LLC, which will, on execution, bring GAWK's annual revenue to approximately $6 million.
GAWK currently has a presence in 21 countries, and 31 major cities, (16 cities in the U.S.). The Company posted the best quarter since its inception recently, reporting that revenue was up 952%.
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
About TCA GLOBAL CREDIT
TCA's Global Credit Master Fund is one of the first alternative funds focused solely on short-term, senior-secured debt transactions and associated advisory services, primarily for listed SME's. The combination of debt funding, advisory services, and associated fee income with small, secured exposures is utilized in our quest to achieve uncorrelated, low variance returns.
TCA Fund Management Group
19950 W. Country Club Dr., Suite 101
Aventura, FL 33180
T 786-323-1650 - F 786-323-1651
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.