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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 http://www.greycloaktech.com.

Read the full story at http://www.prweb.com/releases/2016/09/prweb13660747.htm

 

 
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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GRCK News: Quarterly Report (10-q) 08/18/2017 05:15:26 PM
GRCK News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/14/2017 05:12:52 PM
GRCK News: Statement of Changes in Beneficial Ownership (4) 05/25/2017 01:18:45 PM
GRCK News: Statement of Beneficial Ownership (sc 13d) 05/25/2017 01:17:27 PM
GRCK News: Current Report Filing (8-k) 05/25/2017 01:16:02 PM
PostSubject
#203  Sticky Note BUYER.BEWARE.AS.3RD.PARTY.SELLING.WILL.CONTINUE. [/b -TEFFY-TRADER- 09/13/16 08:51:39 AM
#501   GRCK 0.51 Aug 22 2016 Forensicist 08/21/17 03:06:04 PM
#500   GRCK Enables 3RD PARTY SELLERS (PIG DUMPERS) TO -TEFFY-TRADER- 06/21/17 06:32:10 PM
#499   GRCK Enables Integration of Brick-and-Mortar and E-Commerce Omni-Channel Shoppin NetworkNewsWire 06/08/17 01:30:26 PM
#498   FROM SEPTEMBER 13 2016 -TEFFY-TRADER- 05/09/17 01:43:35 PM
#497   OH YES ,BIG PUSH ALRIGHT ,"THEY" CONTINUE TO -TEFFY-TRADER- 05/09/17 01:41:49 PM
#496   They do click fraud. This is why Chess Master 05/05/17 04:10:59 PM
#495   Yes, they were doing the same, Share rails MLang23322 05/03/17 08:42:18 PM
#494   Did they own anything of value before the HANUMAN 05/03/17 04:50:44 PM
#493   I checked their 10K filing of 12/31/2016 and MLang23322 05/03/17 04:47:10 PM
#492   Before ShareRails, what did they do or own? HANUMAN 05/03/17 04:24:20 PM
#491   Maybe so, but without patents to protect their MLang23322 05/02/17 08:26:36 PM
#490   I think you are focusing on the wrong Chess Master 05/02/17 05:33:30 PM
#489   When researching this stock, the share structure looks MLang23322 05/02/17 03:41:15 PM
#488   GRCK's Takeover of ShareRails Integrates Brick-and-Mortar and E-Commerce NetworkNewsWire 05/02/17 01:59:02 PM
#487   GRCK – 300% Growth To Dominate the Trillion PigeonToad 05/02/17 12:06:18 PM
#486   GRCK Announces Launch of ShareRails Software at Pacific NetworkNewsWire 05/02/17 10:04:06 AM
#485   GRCK's Fraudlytic™ Catches Hands in the Ad Revenue NetworkNewsWire 04/28/17 02:29:16 PM
#484   Hear what is heard BUT KNOW I been -TEFFY-TRADER- 04/27/17 10:07:39 AM
#482   This is GRCK. Hearing big push coming. Same badbadbad 04/27/17 07:12:53 AM
#481   WHAT A SHAME THAT THIS GRCK FRAUD HAS -TEFFY-TRADER- 04/20/17 05:28:30 PM
#480   GRCK Acquisition of ShareRails and Additional Funding Expand NetworkNewsWire 04/19/17 12:24:32 PM
#479   GRCK is “One to Watch” OH YEEEEEEEEEEEEEES -TEFFY-TRADER- 04/12/17 04:38:27 PM
#478   GRCK Completes Acquisition of ShareRails NetworkNewsWire 04/12/17 10:44:43 AM
#477   GRCK is “One to Watch” NetworkNewsWire 04/11/17 09:12:41 AM
#476   I just looked because I was curious ,it -TEFFY-TRADER- 03/01/17 02:55:23 PM
#475   Good to hear ,might be one of the -TEFFY-TRADER- 03/01/17 01:36:18 PM
#474   For some reason I have kept an eye molee 03/01/17 12:26:19 AM
#473   The (CROOK) CEO seems to be very creative -TEFFY-TRADER- 02/28/17 03:48:32 PM
#472   Yeah , they are increasing the AS AND molee 02/28/17 12:31:57 AM
#471   Current Report Filing (8-k) lol , too funny -TEFFY-TRADER- 02/27/17 05:00:00 PM
#470   Current Report Filing (8-k) lol , too funny -TEFFY-TRADER- 02/27/17 04:59:58 PM
#469   Not at all , no surprise what these -TEFFY-TRADER- 01/24/17 09:53:25 AM
#468   LMFAO ,no surprise in 14a, time to bloat -TEFFY-TRADER- 01/24/17 02:20:57 AM
#467   Surprise - surprise : NOT ! ! ! molee 01/23/17 07:42:04 AM
#466   3RD.PARTY.SELLING.WILL.CONTINUE.AND.CONTINUE.NUTTIN.LIKE.NON.STOP.DUMPING -TEFFY-TRADER- 01/10/17 09:26:18 AM
#465   What a bunch of clowns : molee 12/24/16 10:06:17 AM
#464   problem with me is im in another part Pelahicbkk 12/13/16 09:00:43 PM
#463   That fell fast. Pelahicbkk 12/13/16 07:48:22 PM
#462   And the 0.025 starts printing, these guys could -TEFFY-TRADER- 12/13/16 06:16:10 PM
#461   yea, looks close to the bottom.. but who Pelahicbkk 12/13/16 05:01:34 AM
#460   .0105... gonna wait around for a pump i Pelahicbkk 12/12/16 11:31:10 PM
#459   Seems like "they" do paid promos often ,j -TEFFY-TRADER- 12/12/16 11:15:28 PM
#458   Yea. Seems to be an interesting 1. Pelahicbkk 12/12/16 11:12:52 PM
#457   YES ,very nice party fer CEO and 3rd -TEFFY-TRADER- 12/12/16 11:08:07 PM
#456   Well. Its a pretty sweet party for them. Pelahicbkk 12/12/16 07:29:57 PM
#455   3RD PARTY PIG DUMPERS IS THE HONEST ANSWER -TEFFY-TRADER- 12/12/16 04:07:06 PM
#454   Pelahicbkk, Grey Cloak Tech GRCK has been pumped ammobox 12/12/16 11:01:36 AM
#453   So, I checked out grck yesterday and bought Pelahicbkk 12/09/16 10:03:56 PM
#452   I got my feet wet today. So jump Buckfeaver 12/09/16 11:09:28 AM
#451   News on 70% revenue increase and acquisition of VeryBeary 12/09/16 09:36:56 AM
PostSubject