GAWK Reaches Definitive Agreement to Acquire Net D, Will Increase Annual Revenues to $2 Million
(firmenpresse) - LOS ANGELES, CA -- (Marketwired) -- 04/27/15 -- GAWK Inc. (OTC PINK: GAWK) announced today that on Friday, May 1, 2015, the Company will close the acquisition of all of the assets of Net D. Consulting, Inc. (). Scott Kettle, CEO of GAWK, Inc., said, "Our revenues will increase by approximately $1.5M annually, which will make our total annual revenues approximately $2M annually." GAWK recently announced that it has compiled $26 million in credit facilities from both Southridge Advisors II LLC and from HEFFX, a Singapore-based Capital Management firm ().
Net D joins WebRunners, Inc., as wholly owned subsidiaries of GAWK, and is the vanguard of many acquisitions that GAWK will purchase as part of its plan to become one of the largest owners of data centers in the U.S. GAWK announced on April 23 it was rolling our GAWKTALK, its proprietary Direct to Consumer Voice Broadcasting program in time for the national elections. GAWKTALK also benefits small to-medium businesses to increase visibility and build sales volume.
Kettle continued, "Our business plan includes incorporating selected data centers in small population centers as neighborhood stores where small to-medium business owners can order cloud computing and Voice over IP, web creation and maintenance services. We will hire tech-savvy locals to guide this process, creating a new tax basis for these towns and cities, where the major Telco''s have no, or limited facilities."
About GAWK, Inc.
Gawk Incorporated is a world innovator of digital Internet-related technology designed to meet the needs of modern consumers, businesses and enterprises globally.
About Net D. Consulting, Inc.
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
Forward-Looking Statements
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.
Contact:
Michael Selsman
Public Communications Co.
(310) 553-5732
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Datum: 27.04.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 1354187
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