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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
#425   Very well said- member marked you and GLTU DD_dempsey 10/17/16 11:26:18 PM
#424   It is hard to tell what a 3rd -TEFFY-TRADER- 10/17/16 11:24:21 PM
#423   You were right here TEFFY- with GRCK Dilution DD_dempsey 10/17/16 11:19:50 PM
#422   GRCK trading MUCH DIFFERENT than anyone would have thought. -TEFFY-TRADER- 10/17/16 07:44:56 PM
#421   I exited GRCK, wound up with a $1.03 Penny Planet 10/16/16 10:43:17 PM
#420   Kinda crazy ,this is going on a couple -TEFFY-TRADER- 10/16/16 10:40:26 PM
#419   He's dumping outta control lol Penny Planet 10/16/16 10:39:17 PM
#418   ALIVE? Grey Cloak Tech (PC) (GRCK) -TEFFY-TRADER- 10/16/16 10:38:19 PM
#417   $GRCK - Timberrrrrr! :-) wholelotamoney 10/14/16 11:29:56 AM
#416   Very good chance it will bounce again sooner -TEFFY-TRADER- 10/13/16 07:41:47 PM
#415   $GRCK - News out this week! wholelotamoney 10/13/16 09:17:28 AM
#414   $GRCK - LOL! That run was before my wholelotamoney 10/13/16 07:31:13 AM
#413   already ran past 0.50 and hit in the -TEFFY-TRADER- 10/12/16 09:53:57 PM
#412   $GRCK - I don't mind playing the waiting wholelotamoney 10/12/16 10:36:43 AM
#411   agree ,3rd party selling fer now has slowed -TEFFY-TRADER- 10/10/16 10:11:06 AM
#410   Absolutely. I'm long here $GRCK, company is really Penny Planet 10/09/16 11:52:41 PM
#409   I sure am with GRCK -- DD_dempsey 10/09/16 06:29:13 PM
#408   Board has gone quiet, you still around DD_dempsey? $GRCK Penny Planet 10/09/16 05:49:59 PM
#407   The 3rd party selling has certainly slowed down Penny Planet 10/08/16 10:41:17 AM
#405   Don't know about all that. In more stockguy43 10/07/16 01:28:20 PM
#404   I.don't.blame.ya, Group) is still grabbing all the money -TEFFY-TRADER- 10/07/16 10:20:06 AM
#403   Interesting stock, but after 3 weeks , and stockguy43 10/07/16 08:38:39 AM
#402   $1.00? Why? It still can't get back to -TEFFY-TRADER- 10/05/16 11:16:40 AM
#401   With the OS and how phenomenal the company Penny Planet 10/03/16 09:15:44 AM
#400   OTCRIDDLER and all with GRCK current validations DD_dempsey 10/03/16 02:59:04 AM
#399   Yes it was. hoping for a .50 stockguy43 10/02/16 07:56:50 PM
#398   Nice day fridah OTCRIDDLER 10/02/16 07:51:52 PM
#397   Wow! GRCK website has a careers page now Penny Planet 10/02/16 11:59:45 AM
#396   BIG week ahead here for GRCK i think, Penny Planet 10/02/16 11:17:44 AM
#395   $GRCK - I'm holding for the $1 break wholelotamoney 10/02/16 09:35:48 AM
#394   $1 should be tested very soon after the Penny Planet 10/01/16 12:13:29 PM
#393   Penny - GRCK has had extended volume alert --- DD_dempsey 09/30/16 11:59:47 PM
#392   Absolutely. Come on next week stockguy43 09/30/16 05:01:16 PM
#391   Absolutely incredible volume today, on a Friday $GRCK Penny Planet 09/30/16 04:54:17 PM
#390   Monster Volume, holy cow! $GRCK Penny Planet 09/30/16 02:08:37 PM
#389   Volume is rocking today stockguy43 09/30/16 12:48:33 PM
#388   GRCK speaking of volume... buckyeffindent 09/30/16 11:35:28 AM
#387   Nice post stockguy43 09/30/16 09:38:38 AM
#386   GRCK - volume set off scanner and algo--- DD_dempsey 09/30/16 05:44:13 AM
#385   Holding strong on average volume stockguy43 09/29/16 09:20:33 PM
#384   Volume has been significant here lately for this KUMO TWIST 09/29/16 01:47:07 AM
#383   I hear that stockguy43 09/28/16 04:40:35 PM
#382   Looking great here with GRCK - DD_dempsey 09/28/16 04:17:27 PM
#381   I fully agree $GRCK Penny Planet 09/28/16 04:13:46 PM
#380   Probably sometime this week stockguy43 09/28/16 03:47:33 PM
#379   Gigantic volume alert, looks ready to test .50 $GRCK Penny Planet 09/28/16 10:53:40 AM
#378   Here with GRCK- the markets awake to validation! DD_dempsey 09/27/16 03:35:02 PM
#377   $GRCK NEWS!!! Penny Planet 09/27/16 09:32:16 AM
#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