Ackroo launches Ackroo Pay mobile point-of-sale solution for merchants

Ackroo goes mobile with the introduction of their mobile POS solution for iPad devices

OTTAWA, April 13, 2015 /CNW/ - Ackroo Inc. (TSX-V: AKR), a gift card, loyalty and rewards technology and services provider, announced the launch of their latest addition to the Ackroo Anywhere platform, Ackroo Pay for Apple iPad.  Ackroo Pay is a POS app that allows businesses, operating an Ackroo Gift Card and/or Loyalty Program, to issue and redeem their gift and/or loyalty cards wherever their iPad will take them.  The application is in the final approval stage with Apple and is expected to be available in the Apple App Store within the next 2 weeks.

"Ackroo Pay is a very exciting enhancement for Ackroo, our customers and our partners" said Steve Levely, chief executive officer at Ackroo. "Mobile commerce and mobile payment in particular is evolving and growing at an impressive rate for both consumers and businesses and Ackroo Pay allows us to take a large step into this massive ecosystem. Not only does the development of this solution provide merchants the opportunity to run their Ackroo Anywhere program from an Apple iPad device, it also confirms Ackroo's ability to provide innovative mobile application solutions and positions the Company to support other mobile platforms in the future. Ackroo Pay will work side by side with other apps on a single device or can easily integrate directly into merchant or payment branded applications that require the unique gift card and/or loyalty processing that Ackroo brings to the market.  This innovation helps both solidify and increase Ackroo's addressable market and further positions us for growth with our customers and our partners."

Ackroo also announces the appointment of Sam Cole to the Board of Director's.  Sam brings a wealth of experience as a corporate securities lawyer with a focus on publicly traded microcap companies.  The Company looks forward to having Sam assist the organization in the next phases of growth. 

In addition, Mr. Eamonn Garry has resigned from the Board of Directors to pursue other interests.  Eamonn has played an instrumental role in helping to lead the Company both as an Officer and a Director and is a key reason why the Company has grown into what it is today. The Company would like to thank Eamonn for all of his contributions and wish him the best of luck in his new endeavours.

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.Notes:

 

SOURCE Ackroo Inc.

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

RELATED LINKS
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