Ackroo achieves fourth straight quarter of double-digit growth
OTTAWA, Feb. 6, 2014 /CNW/ - Ackroo Inc. (TSXV: AKR) ("the Company"), a
loyalty and rewards technology and services provider, announced that it
has achieved another record quarter with revenue of $406,900 and booked
sales of $537,050. This revenue growth represents a 123% increase from
the same quarter last year with a sales increase representing 210%
growth. Revenue compared to the last quarter grew 15%.
"I am very pleased with the growth we achieved this quarter." said
Eamonn Garry, chief executive officer at Ackroo. "Over and above our
quarterly growth profile we practically doubled our total revenue in
2013 with growth of 91% and we believe that this gives us a strong base
for continued growth through 2014 and a clear path to positive EBITDA.
I would like to thank our customers, employees and investors for their
support in achieving this huge milestone and we look forward to 2014
Ackroo provides gift card and loyalty solutions into the $145 billion
North American gift card and loyalty market. Their solutions enable
businesses, merchants and business networks to increase profitability
and build long-term customer relationships through customized gift card
and loyalty programs. Ackroo's web-based solutions provide the power of
a massively scalable software platform in a lightweight online tool
that works with existing point-of-sale equipment, making it easy and
affordable for businesses to launch loyalty programs that deliver
immediate return on investment. Ackroo is headquartered in Ottawa,
Canada. For more information, visit: www.ackroo.com.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This press release contains statements that
constitute forward looking statements. These statements include, among
others, statements about Ackroo's intention to complete a private
placement. Readers are cautioned not to place undue reliance on such
forward looking statements. Such statements are based on current
expectations and assumptions and involve a number of risks and
uncertainties which could cause actual results to differ materially
from those anticipated by Ackroo Inc.
SOURCE: Ackroo Inc.
For further information:
Chief Financial Officer | Ackroo
Tel: 613-599-2396 x714
President | Network IR