Gawk Inc (OTCMKTS:GAWK) Jumps 100% in Days
CEO Scott Kettle observed, “Our business plan to increase revenue through acquisitions and organic growth is clearly working. Revenue increased to $558,079 from $0 for the three months ended July 31, 2015, as compared to the same quarter in 2014, while General and Administrative expenses decreased to $265,999 from $1,076,887. Research and Development costs decreased to $2,500 from $53,407, respectively.”
For the first six months of 2015, revenue increased to $616,661 from $0. G&A expenses decreased to $570,275 from $1,275,931.
GAWK acquired WebRunners, Inc. (www.webrunners.com) in October 2014, a data center located in Orange County California, and in May 2015, the Company closed the asset purchase of Net D. Consulting, Inc. (www.netdinc.com). Scott Kettle, CEO of GAWK, Inc., noted, “Our revenues have continued to increase with our anticipated total annual revenues we expect to exceed $2M.” Net D will be rolled into the GAWKTALK division, which joins WebRunners, Inc., a wholly owned subsidiary of GAWK. “Our new suite of Cloud products with full product integration allows our customers to sign up, provision and manage their cloud services from a single location.”
GAWK Inc. (OTC PINK: GAWK) announced the successful implementation of its Wireless technology ‘Last Mile’ connection service by securing roof rights of the office tower wherein it’s data center, WebRunners, in The Irvine Spectrum, in Orange County, California is located.
Scott Kettle, CEO of GAWK, Inc., said, “This project brings a new dimension to the delivery capabilities of our Hosted Communications services, and highlights the competitive and economic advantages of using Wireless technology for the delivery of broadband services to business within the surrounding area of our data center. Our Wireless technology ‘Last Mile’ gives us a clear line of sight to several thousand businesses.”
Kettle added that the Company posted the best quarter, ending July 31, 2015, since its inception, and reminded shareholders of the Company’s most recent customer win, HEMP, Inc. (OTC PINK: HEMP).
According to Henry Clarke, CEO of WebRunners, Inc. a wholly owned subsidiary of GAWK, “This is an exciting dream turned reality for our team. Our first wireless link servicing a 15-story tower with a full gigabit per second of data capacity is a significant achievement for the Company. We are positioning WebRunners to be able to offer cost effective high-speed Internet access as either a primary or backup solution to the surrounding business community. As we expand our data center footprint through acquisitions we will replicate our wireless technology in each new market.”
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 (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.
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
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