Los Angeles, CA, Feb. 06, 2018 (GLOBE NEWSWIRE) -- GAWK (OTC PINK: GAWK) Scott Kettle, CEO of GAWK, Inc. announced today that it has filed its quarterly report on Form 10-Q with the Securities and Exchange Commission for the first quarter of 2017, and that revenue jumped 30 percent over the last quarter of 2016. Revenue for the first quarter of 2017 was $1,367,724, as compared to $1,046,102 for the fourth quarter of 2016. GAWK is committed to be current in its filings and is diligently working toward filing the second and third quarter results of 2017 as quickly as possible.
“We are working with our auditors to obtain fully reporting status with the SEC, which we will do shortly, followed by our business plan of acquisitions and organic growth,” said Kettle. “The increase in revenue is related to natural growth and the business combination of our previous acquisitions. We look to purchase businesses that have market share and complimentary assets, including cash flow, through which we acquire advanced systems and infrastructure. We also enlarge our management team and employee base with talented, experienced, well-trained professionals, while continuing to provide a strong platform for further acquisitions.”
GAWK is pursuing a three-tiered growth strategy: developing specialized solutions for key vertical markets, targeting cloud services companies for acquisition, and accelerating organic growth.
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.gawk.com
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 (www.gawk.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.