Press Release: Gawk : Gawk Inc. Issues State of the Industry Letter to Shareholders

LOS ANGELES, CA - (NewMediaWire) - October 11, 2016 - GAWK Inc. (OTC PINK: GAWK) CEO, Scott Kettle reviews the balance of the fiscal year with a letter to shareholders.Dear Shareholder:Your Company is seriously undervalued! Our prospects couldn't be brighter. GAWK has, in a mere two years, gone from $0 revenue to a $7 million run-rate in annual revenue. We have brought together four businesses that were originally friendly competitors, but which had key technology and/or personnel that added to our infrastructure or know-how. We are now diversified, in that all our acquisitions are carefully structured as different parts of the Company that fit together seamlessly. GAWK is approaching profitability projected by the end of our fiscal year, and we're just getting started.The cloud communications business is a large, fragmented market, with no clear leaders, and we are making great progress in defining our niches. While anticipated future growth of this sector varies from research firm to research firm the consensus is we are in a sector that is still in its infancy and anticipated to exceed $200 Billion within the next 5 years. As this is an industry that's driven by scale as we continue our growth trajectory we look to achieve a similar valuation to those in our sector. The market values our competitors at 5 times revenues. By the same standards, GAWK's market cap should be significantly higher than we are currently trading at, which is one tenth of our current annual revenue run rate.I'll take this opportunity to outline some of our plans. Your Company is in the two hottest areas of communications, Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS). Our goal is to be one of the premiere VOIP providers in the world. Stay tuned for an upcoming announcement that will grow our opportunities in these arenas.Behind the scenes, Gawk's infrastructure has established worldwide Internet connectivity as well as connections to various major carriers. By connecting to Gawk, customers get access to every mobile and fixed line carrier that exists in the world. Our advanced network is a network of networks. Access to this state of the art network is based on usage, not a licensing or set fee, enabling customers to get up and running quickly and without long-term commitments.As a Full Service business class telecom provider, we are now able to provide our customers with high margin products that build high customer retention. We perceive End-to-End security as a critical element in these products, and one in which we enjoy a clear advantage. Not surprisingly, security is top of mind for most businesses as a concern about cloud phone systems but security encompasses a broad range of concerns. The greatest challenge is security around voice calls, call records, and the physical security of the data center, where the Hosted PBX is located. Other security concerns for businesses, particularly larger enterprises, are data privacy and regulatory or compliance issues. As a cloud communications provider we have and are continuing to develop customized solutions targeted to key verticals such as healthcare and financial services -- solutions that address their industry-specific security concerns and needs such as compliance.Gawk has a three-pronged security philosophy that revolves around encryption, with the three types of data -- data at rest, data in motion, and data that stays on clients and travels on devices -- encrypted throughout. Gawk encrypts data at every point throughout the organization and the platform undergoes a thorough compliance process annually. Gawk encrypts voice and messaging so that, even if unauthorized users are able to get access to the voice stream, encryption prohibits them from reassembling it.Most recently, GAWK has expanded our service offerings to Call Centers, so we can handle inbound as well as outbound services, reaching 100 million people each month in 21 Countries and 31 Major Cities for Cloud and Edge Data Center Services.Last month, GAWK announced that for the period ...