GAWK To Buy Data Centers
The company has procured a $2,000,000 line of credit from TCA Global Credit.
GAWK Inc. CEO Scott Kettle has announced that the company has signed a letter of intent (LOI) for a $2 million capital commitment from TCA Global Credit Master Fund, which it will use to purchase data centers in Tier 2 small to medium cities across the U.S.
"This $2 million commitment allows us to move forward with negotiations for several data centers we have identified in the Mid-West 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,” said Kettle said. The company recently announced that the company has signed a letter of intent to acquire all of the assets of Connexum, LLC, which will, on execution, bring GAWK's annual revenue to approximately $6 million.
GAWK currently has a presence in 21 countries, and 31 major cities, (16 cities in the U.S.). The company posted the best quarter since its inception recently, reporting that revenue was up 952%.