Gawk Incorporated Retires 150 Million Common Shares

Gawk Incorporated Retires 150 Million Common Shares
  
 

LOS ANGELES, CA--(Marketwired - Mar 10, 2014) - Gawk Incorporated (OTCQB: GAWK) announced today that it has retired 150,000,000 shares of Common Stock in exchange for issuing 1,000 shares of the Company's Series A Preferred Stock. The 150,000,000 common shares that have been retired represent approximately 50% of the Company's ownership.

"This is a significant step in the growth and expansion of our Company. We are positioning Gawk to exceed our global expectations while simultaneously enhancing the value of our shareholder interest. In addition to our North American business strategy, we are focusing our efforts to capitalize on the Latin American market, recognized as the fastest growing internet market in the world, "stated Mars Callahan, CEO of Gawk Incorporated.

About Gawk Incorporated Gawk Incorporated is a world innovator of self-service global digital distribution. Designed to meet the needs of modern consumers, Gawk has the unique and defining capability to stream all forms of digital media, including but not limited to, movies, documentaries, TV shows, music videos, vlogs, digital books, digital shorts, social networking videos and video game entertainment. Gawk provides an innovative platform and interactive social network for artists to capitalize on their creativity through the Gawk self-service model of Post, Price and Promote. Gawk's multifaceted strategic approach generates ongoing and long term revenue opportunities through independent content publishing, creative entertainment viewing, product integration, sponsorship and advertising. For more information, please visit http://www.gawkinc.com

Forward-Looking Statements -- This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Gawk Incorporated undertakes no obligation to update such statements.

CONTACT: Gawk Incorporated 888-754-6190