LAS VEGAS, NV — (Marketwired) — 10/19/17 — Grey Cloak Tech Inc. (OTCQB: GRCK) announced today that trading of the Company’s common stock has been approved to upgrade from the Pink Open Market to the OTCQB Venture Market, operated by OTC Markets Group. Shares of the Company’s common stock will continue to trade under the ticker symbol “GRCK” and will commence trading effective today on the OTCQB.
OTCQB membership provides enhanced investor benefits including higher reporting standards, increased analyst coverage and access to news services, and more comprehensive compliance requirements. “Trading on the OTCQB will raise visibility of Grey Cloak Tech in the investment community,” commented CFO William Bossung. “It’s an important step towards building Grey Cloak Tech into a larger company. We are pleased with this key improvement in the market positioning of our organization.”
The OTCQB is a venture market designed for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their financial reporting and undergo an annual verification and management certification process.
Safe Harbor Notice
All statements other than statements of historical facts included in this press release are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations with regard to the Eqova acquisition, the anticipated commencement of trading on the OTCQB and those statements that use forward-looking words such as “anticipate.” The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties, and assumptions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company’s Annual Report on Form 10-K filed with the SEC on April 17, 2017 and future periodic reports filed with the SEC. All of the Company’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
The Company 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. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release.