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Grey Cloak Tech Announces Q2 Results, Continues to Seek Acquisition Candidates


Las Vegas, Nevada (PRWEB) September 07, 2016

For the second quarter of 2016, revenues were $41,250 for the three months ended June 30, 2016, compared to $34,800 for the three months ended June 30, 2015, an increase of $6,450, or 19%. Revenues were $80,250 for the six months ended June 30, 2016, compared to $45,400 for the six months ended June 30, 2015, an increase of $34,850, or 77%. Net operating loss was $64,425 for the three months ended June 30, 2016, compared to $107,416 for the three months ended June 30, 2015, a decrease of $42,991. Net loss was $108,796 for the three months ended June 30, 2016, or $0.01 per share, compared to $107,388 for the three months ended June 30, 2015, or $0.01 per share, an increase of $1,408. The $0.01 loss per share is based on a total of 15,290,849 outstanding shares as of June 30 2016.

Grey Cloak's revenues were generated through sales of their debut product, Fraudlytic, which continues to serve key customers across a variety of sectors including telecom, retail, and the automotive industry. Fraudlytic was developed to combat the increasing threat of digital advertising fraud - also known as bot fraud or click fraud - which the Interactive Advertising Bureau (IAB) projects could cost unsuspecting advertisers $8.2 billion annually. More recently, research conducted by the World Federation of Advertisers (WFA) projected the cost could exceed $50 billion a year by 2025.

To stay ahead of the threat, Grey Cloak continues to improve upon their core product. Version 2.0 of the product was rolled out in early August. Updates to the Fraudlytic software included performance improvements and better data tracking.

"The company is excited about Fraudlytic's advancements, and we're looking forward to adding products to our portfolio that are able to leverage the Fraudlytic technology," says Fred Covely, CEO of Grey Cloak, "the company will continue to improve on its current click fraud detection software, develop other suites of software, and explore other software products through possible acquisitions."

Forward-Looking Statements

Safe Harbor Notice 
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Grey Cloak Tech Inc. cautions that statements, and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates made by management. Actual results could differ materially from current projections or implied results. Grey Cloak Tech Inc. undertakes no obligation to revise these statements following the date of this news release.

For more information, visit

Read the full story at


Grey Cloak develops advanced software to overcome the most costly online security threats, including digital advertising fraud. Our mission is to revolutionize internet security by overcoming one threat at a time.
Image result for click fraud

Image result for click fraud Our debut cloud-based product, Fraudlytic, detects, tracks, and eliminates digital advertising fraud, a problem the Interactive Advertising Bureau (IAB) projects will cost unsuspecting advertisers $8.2 billion annually. As digital advertising is poised to overtake television advertising by 2019, according to PwC, the cost of online fraud threatens to grow exponentially. 

"Our mission is to revolutionize internet security by overcoming one threat at a time."



Fraudlytic™ is a cloud-based, secure platform that monitors internet traffic in real time, blocking malicious and false clicks, while allowing real consumers to view offers and buy.
The click-fraud phenomena is costing digital advertisers billions of dollars and to date there is only one way to stop it: effective detection and elimination software.
Grey Cloak Tech founders have deep roots in the digital marketing industry and observed this problem many years ago. Combining with internet security specialists and the best programmers in this field, Grey Cloak Tech set out to stop the malicious viruses (bots) that not only cause false clicks, but infect computers worldwide with other destructive elements.
Like a laser-guided weapon, Fraudlytic™ detects, analyzes, and destroys bots while allowing legitimate consumer traffic to click and view digital ads.


fraudlytic-bold_600x400 - Copy
Image result for click fraud



Impression Fraud: Click fraud is ever evolving via manipulations of impressions. Grey Shield applies state-of-the-art, ever evolving detection programming to swiftly analyze and prohibit:


Masked URLs
Cookie Hijacking
Device Hijacking
IP Spoofing
Domain ID Theft
Ad Stacking

Doorway Site Detection: Search engine “doorways” are artificial web pages that redirect visitors without their knowledge by cloaking their actual URLs. Grey Shield’s landing page auditor penetrates false doorways and permanently bars them from your potential customers.


Self Programmable SAAS solution: Reduce IT costs with Grey Shield’s easy-to-set-up campaigns that provide detailed reports based on users behavior or on the campaign level. It will tell you which marketing campaigns are effective and which are fraudulent so they can get a predictable ROI. You can either block the bad traffic so it never reaches your website or you can see it in the reporting and make your marketing decisions on future campaigns, phones, tablets, and laptops.
Grey Shield’s Arsenal of Algorithms Include:


Digital Fingerprinting
Advanced Geo Detection services
Pattern Recognition
Bot & Virus Infection Detection
Proxy Network IP Surveillance
Domain Masking Detection

Graceful Interface: Grey Cloak’s API integrates seamlessly into your analytics programs, Programmatic or RTB Networks, and Google, Yahoo, and AOL.


Geo Location Feature: Your ads run specific to the location of the device. For example, as a traveler changes states, his device will adjust your ad accordingly where he might see a different ad or be redirected to another website.

Non-approved States: Screen out non-approved states from specific ad campaigns from showing in states that are not approved for that product.

Target marketing: This functionality also allows you to geographically target your ad compaigns. You can determine a geographical radius corresponding to a store location or desirable zip code market.



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Current Price
Bid Ask Day's Range
GRCK News: Statement of Ownership (sc 13g) 08/19/2016 05:20:20 PM
GRCK News: Quarterly Report (10-q) 08/10/2016 06:06:45 AM
GRCK News: Statement of Changes in Beneficial Ownership (4) 07/20/2016 01:59:18 PM
#35  Sticky Note Grey Cloak Tech Announces Q2 Results, Continues to ProTrader4000 09/07/16 01:57:44 PM
#376   $GRCK - Heading back to $1+!!! wholelotamoney 09/27/16 04:40:02 AM
#375   GRCK nice day. More to come, imo buckyeffindent 09/27/16 03:03:02 AM
#374   Wow this is looking like pure gold now! Penny Planet 09/26/16 03:35:51 PM
#373   $GRCK - VOLUME ALERT!!!!! wholelotamoney 09/26/16 11:04:39 AM
#372   It's go time! Time to slap bids getting Penny Planet 09/26/16 10:46:19 AM
#371   Still holding on strong here.... git in in stockguy43 09/25/16 10:00:21 AM
#370   Smart move buckeffindent- it's a sure home run DD_dempsey 09/24/16 11:32:55 PM
#369   GRCK. Took a starter...will be adding at these levels buckyeffindent 09/24/16 04:21:58 PM
#368   $GRCK - DD Update: wholelotamoney 09/24/16 06:14:21 AM
#367   Agree ,yes ,Wayne Coleson Vera Group is still -TEFFY-TRADER- 09/23/16 09:11:43 PM
#366   $GRCK - Sure was a fun week! wholelotamoney 09/23/16 05:57:41 PM
#365   Awesome info stockguy43 09/23/16 04:36:06 PM
#364   Great posts man, really appreciate your insight past Penny Planet 09/23/16 03:44:28 PM
#363   Breathing room for GRCK once WDCO stops control DD_dempsey 09/23/16 03:14:33 PM
#362   See you north bound :-) $GRCK Penny Planet 09/23/16 01:19:36 PM
#361   It's looking good at the moment stockguy43 09/23/16 01:19:07 PM
#360   Looks like last call for cheap shares, the Penny Planet 09/23/16 12:22:57 PM
#359   Look out above, I'm watching bidders jump each Penny Planet 09/23/16 11:14:17 AM
#358  Restored starting to look like 0.20 is POSSIBLE -TEFFY-TRADER- 09/22/16 04:56:38 PM
#357   Hoping for a reversal here soon. stockguy43 09/22/16 02:21:00 PM
#356   Ok cool thank you stockguy43 09/22/16 12:58:28 PM
#355   Yes, I'm just taking a guess based on Penny Planet 09/22/16 12:28:32 PM
#354   Just a guess but man add up all Penny Planet 09/22/16 11:42:38 AM
#353   Is it safe to assume there is no stockguy43 09/22/16 11:39:45 AM
#352   That would be incredible ,a good thing ,end -TEFFY-TRADER- 09/22/16 11:39:02 AM
#351   Agreed, I believe Wayne will be out of Penny Planet 09/22/16 11:37:38 AM
#350   well written post ,I hope it all works -TEFFY-TRADER- 09/22/16 11:30:21 AM
#349   Great post thank you stockguy43 09/22/16 09:04:37 AM
#348   Absolutely! Great post, also factor in the Share Penny Planet 09/22/16 09:02:38 AM
#347   TEFFY-TRADER with this post and others on GRCK... DD_dempsey 09/22/16 08:39:22 AM
#346   I've been adding up daily volume past few Penny Planet 09/21/16 04:08:05 PM
#345   I HOPE it doesn't go lower ,that 3rd -TEFFY-TRADER- 09/21/16 04:05:50 PM
#344   I'm now a buyer at these levels, I Penny Planet 09/21/16 04:03:45 PM
#343   22 X 26 NOW , SOAKEM UP ,3RD -TEFFY-TRADER- 09/21/16 03:55:13 PM
#342   26 x 33 now , BID GETTING ALLLLLLLLL -TEFFY-TRADER- 09/21/16 03:31:12 PM
#341   Indeed! I still have a couple more buys wholelotamoney 09/21/16 02:25:41 PM
#340   Things are about to get interesting around here. $GRCK resx18 09/21/16 02:05:36 PM
#338   Looks like it doesn't matter who is doing -TEFFY-TRADER- 09/21/16 12:33:54 PM
#337   $GRCK - "CEO also said a Mr. Ross wholelotamoney 09/21/16 10:06:45 AM
#336   $GRCK - LOL - wholelotamoney 09/21/16 09:47:13 AM
#335, ,hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm -TEFFY-TRADER- 09/21/16 09:27:59 AM
#333[ -TEFFY-TRADER- 09/21/16 06:09:48 AM
#330   This needs to hold .20 if it can Penny Planet 09/21/16 12:07:04 AM
#328   Says Marie Claire is a customer. That's a KUMO TWIST 09/21/16 12:01:41 AM
#327   $GRCK - This was .12 a month ago! wholelotamoney 09/20/16 11:59:01 PM
#325   Gap filled should see a new trend starting PennyStockPower 09/20/16 11:57:28 PM
#323   You can't pump away this GIGANTIC DUMPING occurring Penny Planet 09/20/16 11:53:04 PM
#322   $GRCK - Yep, got more today! wholelotamoney 09/20/16 11:50:59 PM
#321   You missed a 1 I think you meant PennyStockPower 09/20/16 11:50:54 PM