SOURCE: Grey Cloak Tech

November 16, 2016 09:00 ET

ShareRails' Founder Featured in Entrepreneur's 25 Inspiring CEOs Under 40

LAS VEGAS, NV--(Marketwired - November 16, 2016) - Grey Cloak Tech (OTCBB: GRCK) is proud to announce that ShareRails founder, Joseph Nejman, was recently highlighted by Entrepreneur as one of the "25 Inspiring CEOs Under 40 Who Are Creating The Next Big Thing." Grey Cloak is currently undergoing an acquisition of ShareRails, a company which Huffington Post said "may prove to change the game for digital marketing."

Appearing as number sixteen on Entrepreneur's list by contributor Andre Bourque, Nejman's biography reads: "Joseph Nejman is a serial tech entrepreneur. His successful businesses include Brandcasting Unlimited, responsible for the technology and digital media strategy behind Britney Spears' comeback tour. His current venture, ShareRails, built a suite of omni-channel e-commerce solutions bridging the gap between physical and digital retailers to offer an online shopping experience with real-time social proof. Nejman previously worked at Google in a variety of business development roles with a focus on local markets, mobile and entertainment."

ShareRails is focused on the online-to-offline (or "O2O") commerce space. Their technology leverages online marketing strategies to attract customers to physical retailers. Increasing foot traffic to brick and mortar storefronts in the midst of online competition has gained substantial attention in recent months, due to greater investment in the space by retailers. HSBC projects the size of the O2O market is $150 billion in China, alone.

Grey Cloak's CEO, Fred Covely, states: "We feel this recognition further validates our decision to acquire ShareRails. We believe we are in position to revolutionize digital marketing, and we're fortunate to be working with such a forward-thinking team."

More on ShareRails and Grey Cloak Tech

Grey Cloak Tech and ShareRails announced the signing of a binding Letter of Intent on September 15th, 2016. The Letter of Intent details the acquisition of ShareRails by Grey Cloak Tech, including obligations and conditions as required by Regulation S-X of the Securities Exchange Act.

In addition to the e-commerce tools spearheaded by ShareRails, Grey Cloak offers industry-leading click-fraud detection software. Click fraud, or bot fraud, is projected to cost unsuspecting advertisers approximately $18.5 billion annually.

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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 on Grey Cloak, visit http://www.greycloaktech.com. For more information on ShareRails, visit http://www.ShareRails.com. For media inquiries, contact Tina Mulqueen at tdavis@greycloaktech.com.

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