LOS ANGELES, CA--(Marketwired - Feb 2, 2016) - GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle announced today that the Company has acquired Connexum LLC (www.connexum.com) bringing the Company's annual revenue up from $2 million to just under $6 million.
Scott Kettle, CEO of GAWK, noted, "This marks the third acquisition by GAWK, after adding WebRunners, Inc. (www.webrunners.com) Irvine, CA-based data center, on October 31, 2014, and asset purchase of NetD Consulting, Inc. (www.netdinc.com) on May 1, 2015 within our strategy of growth through acquisition. With this acquisition, Gawk has achieved bottom line profitability. Connexum's robust position in the VoIP sector will nearly triple our revenue, and gives GAWK greater scope within our cloud-communication services marketplace."
"We now are also a Full Service business class telecom provider, providing Hosted PBX services, competing directly with 8X8, Vonage, and other market leaders," Kettle continued. "Our new software development team will accelerate our time to market with new, innovative features and customized solutions that our customers need, now and into the future."
With respect to additional acquisitions, Kettle said, "We are moving forward with negotiations for several data centers we have identified in the Midwest 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."
Jonathan Walker, GAWK's new Vice President of Operations, Voice Division, said, "Aligning Connexum with GAWK is designed to make our combined companies a top competitor in all aspects of VOIP telecommunications. Our strong management team is a harbinger for our future success."
The Company filed its quarterly report with the Securities & Exchange Commission on December 17, 2015, in which GAWK reported that year to date revenue was significantly higher, up 1089%, for the first nine months of 2015, over the same period in 2014.
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 Connexum LLC
Connexum LLC operates as a telecommunications carrier in the United States. It offers wholesale services, including wholesale sip termination, call center termination, wholesale DID origination, and business Internet services; and business services, such as hosted PBX, as well as phones and hardware that include analog adapters, conference stations, expansion modules, and headsets through an online store. The company also operates a telecom agent program that provides its partners with telecommunications products and services with pricing tools, online commission tracking, and the wholesale VoIP support they need to identify and close sip termination/call center termination business.
300 Spectrum Center Drive Suite 400
Irvine, California 92618
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.