LOS ANGELES, CA — (Marketwired) — 04/20/15 — GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle announced today that the Company has received a $15 million capital commitment from HEFFX Capital, a Singapore-based Fund, which it will use to purchase data centers in small to -medium cities across the U.S. This new capital infusion is in addition to an $11 million raise previously announced through Southridge Advisors II, LLC, an institutional investor.
Kettle said, “With $26 million available to us, we are moving forward with several Letters Of Interests– in the Mid-West and on the East Coast. Our business plan calls for a national chain of GAWK data centers, some of which may be converted to one-stop shops for small business owners to buy services like VOIP, cloud computing, web creation & maintenance, and more. We plan on hiring local technological –whiz kids– to advise and guide businesses, and thus build new tax bases for those cities.”
Gawk Incorporated is a world innovator of digital Internet-related technology designed to meet the needs of modern consumers, businesses and enterprises globally.
HEFFX has become one of Asia–s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. HEFFX specializes in asset management, mergers and acquisitions, strategic planning, capital raising and placement, merchant banking, and more. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading. Along with our managing partners we have a very large network of Introducing Brokers and employees worldwide. We have direct access to liquidity from the top global banks, which allows us to maintain our competitive edge by providing tighter spreads for our customers. Our software uses an aggregation unlike anything in the industry to optimize the process of using multiple pools of liquidity. Our clearing partners are regulated across the World to ensure client safety and security. We Monitor the regulatory reports and financial status of our partners constantly to ensure the highest levels of security.
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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