Ackroo Appoints Chad Holliday to Board of Directors

Ackroo adds technology veteran to its Board of Directors

OTTAWA, Jan. 11th, 2016 /CNW/ - Ackroo Inc. (TSXV: AKR), (OTC: AKRFF), a gift card, loyalty and rewards technology and services provider, announces the appointment of Chad Holliday as a member of the Board of Directors.

Mr. Holliday joins Ackroo's board with over 20 years of experience growing small and large telecom software businesses. From 2013 to 2015, Chad was the Vice President and General Manager of the Mobile Policy and Charging software business at Alcatel-Lucent. Prior to this Chad ran the Alcatel-Lucent's IPD Network Management product management and marketing team. Chad has also held various engineering and executive positions at technology startups such as Newbridge and Thirdspace.

"We are thrilled to welcome Chad to the Board of Directors" said Steve Levely, chief executive officer at Ackroo. "Chad brings a wealth of successful executive level experience in the technology field with specific expertise in the global telecom sector. As Ackroo continues to further develop its product offering Chad's guidance in not only how to further build and develop our R&D team but also in how to continue to expand our offering, through analytics and mobile, make him a great asset to our team. His experience in software with both small and large organizations will act as a key driver in his ability to help guide Ackroo as we begin to scale our business further. We look forward to his guidance and counsel and are excited to have him join us at this key time for Ackroo as we take our next big steps forward in 2016."

"I look forward to joining the Ackroo board" said Chad Holliday. "What attracted me to Ackroo was the tremendous progress Steve has made towards profitability as well as his strategic vision. With this strong foundation and a great team in place I am very excited to assist Ackroo with their next phases of growth in this dynamic market place."

In connection with the appointment of Mr. Holliday, Ackroo also announces that it will grant options to purchase 450,000 common shares to directors and officers of the Company at a price of $0.25, for a period of 3 years. The option grant remains subject to the approval of the TSX Venture Exchange.

About Ackroo

Ackroo provides gift card and loyalty solutions into the $160 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 gift card & 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.

Forward Looking Statements

This release contains forecasts and forward-looking statements that are not guarantees of future performance and activities and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, but are not limited to: the company's ability to raise enough capital to support the company's go forward plans; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; projected capital expenditures and liquidity; changes in the company's strategy; government regulations and approvals; changes in customers' budgeting priorities; plus other factors that may arise. Any forward-looking statements in this press release are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

SOURCE Ackroo Inc.

For further information: Steve Levely, Chief Executive Officer | Ackroo, Tel: 613-599-2396 x730, Email: slevely@ackroo.com

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