Grey Cloak Tech, Inc. (OTC: GRCK) this morning announced the completion of its acquisition of ShareRails, a provider of online-to-offline (O2O) e-commerce services that is currently valued at more than $6.4 million by Excel Management Systems. “This is a great opportunity for Grey Cloak Tech,” Fred Covely, CEO of Grey Cloak Tech, stated in the news release. “Our entire management team spent a week in Hong Kong last month with the ShareRails development team. We met with the platform’s existing clients, as well as developed new relationships, and recognize that the online-to-offline business opportunities are substantial in the southeast region of China.” ShareRails currently provides a unique, interactive mobile platform designed to connect shoppers and retailers by transforming local retailers’ inventory data into rich digital content that can be indexed by Google and other major search engines. Following the Grey Cloak Tech acquisition, the combined company will look to leverage valuable synergies in an effort to continue expanding this platform’s reach into the booming social commerce and retail marketing industries.
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About ShareRails and Grey Cloak Tech
The ShareRails Online to Offline Platform (O2O) levels the digital playing field between e-commerce stores and brick-and-mortar stores by transforming local retailers’ inventory data into rich digital content that is then indexed by Google and other search engines. ShareRails’ platform attracts prospective customers via online channels to physical stores where they can pick up their items. This serves the “instant gratification” mentality of today’s consumer. Using Internet marketing, social media and email marketing, ShareRails makes it easy for brick-and-mortar stores to become visible to millions more online shoppers. For more information, visit www.GreyCloakTech.com and www.ShareRails.com
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