GAWK Will Increase Annual Revenues to $2 Million Upon Completion of Acquisition of Net D. Consulting
(firmenpresse) - LOS ANGELES, CA -- (Marketwired) -- 03/30/15 -- GAWK Inc. (OTC PINK: GAWK) announced today that is has signed a Letter of Intent to acquire all of the assets Net D. Consulting, Inc. (). Scott Kettle, CEO of GAWK, Inc., said, "Upon closing this acquisition, it will increase our revenues by approximately $1.5M USD annually, which should push our total annual revenues just under/over $2M USD annually." GAWK recently announced that it received $500,000 in a credit line arranged by HEFFX, a Singapore-based Capital Management firm (), and this is the first of many planned acquisitions that GAWK will acquire as part of its plan to become one of the largest owners of data centers in the U.S.
Scott Kettle, CEO of GAWK, Inc., said, "Our business plan is to roll up data centers and other strategic businesses within the cloud computing and Voice over IP sector across the United States, of which we have identified more than a dozen. With this infusion of cash, we expect to announce a series of Letters of Intent over the next several weeks, launching GAWK''s plan to create revenue by acquiring data centers to offload the vast amounts of data produced by the major wireless phone companies. GAWK is a new way to capitalize on the explosive growth in wireless device use because our customers are among the giants of global business."
Chris Hall, CEO of Net D. Consulting, said, "We have done business with Scott Kettle and GAWK for some time, and we are in alignment that our business plan reflects the changing face of the telecommunications business. We are happy to join GAWK in future operations."
Gawk Incorporated is a world innovator of digital Internet-related technology designed to meet the needs of modern consumers, businesses and enterprises globally.
Net D, founded in 2005, provides innovative and leading edge telecom services to businesses of all sizes. Net D, with over 30 years of telecommunications management, financial planning and engineering expertise, is at your disposal to make your company more effective and profitable.
Christopher G. Hall, President, Net D. 1122 E. Lincoln Ave., Suite 203, Orange, CA 92865. Phone:(714) 289-4444
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 () 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.
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Michael Selsman
Public Communications Co.
(310) 553-5732
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Datum: 30.03.2015 - 07:00 Uhr
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