LOS ANGELES, CA - (NewMediaWire) - November 17, 2015 - GAWK, Inc. (OTC PINK: GAWK) CEO Scott Kettle announced today 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.
Kettle said, "This will mark the third acquisition by GAWK within our strategy of growth through acquisition. Connexum's robust position in the VoIP sector will nearly triple our revenue, make us a bottom line profitable company, and will give GAWK greater scope within our cloud-communication services."
Kris Droge, CTO of Connexum, observed, "This merger amplifies the existing business model of both GAWK and Connexum, making the continuing operation a leader in cloud-based call center services."
GAWK is building toward a national chain of data centers, with international expansion. The Company 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
Connexum is designed to give our partners a vast portfolio of Telecommunications products and services with pricing tools, online commission tracking, and the wholesale VoIP support you need to identify and close sip termination / call center termination business. Connexum.com
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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.