LOS ANGELES, March 25, 2015 (GLOBE NEWSWIRE) -- GAWK Inc. (OTCQB:GAWK) announced today that it has received $500,000 in a credit line arranged by HEFFX, a Singapore-based Capital Management firm (http://www.livetradingnews.com). Scott Kettle, CEO of GAWK, Inc., said, "Our business plan is to roll up data centers 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 Interest 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 cell phone companies. GAWK is a new way to capitalize on the explosive growth in cell phone use because our customers are among the giants of global business."
The explosive growth in cell phone use creates massive and growing amounts of data, which may become a problem for the global telecommunications companies in the U.S., Europe and Asia. GAWK believes it has a solution by becoming the largest storage site for cell phone data. The members of the Kettle family are pioneers in the telecommunications arena, having started and brought public three companies that were very successful.
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. www.gawkinc.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 (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.