OTTAWA, Jan. 25, 2013 /CNW/ - Ackroo Inc. (TSX-V: AKR)(the "Company"), a loyalty and rewards technology provider,
announced that it has made operational changes to strengthen its focus
on the growth of its local merchant market in North America. Ackroo's
web-based loyalty and rewards software platform enables small- to
medium-sized merchants to launch their own gift card and loyalty
program, allowing them to compete with their big box competitors'
programs at a fraction of the cost.
Eamonn Garry has been appointed to the role of chief operating officer,
expanding from his previous position as chief technology officer. Garry
brings over 20 years of engineering and operations management
experience in senior roles at Bridgewater Systems (acquired by Amdocs
in 2011) and Nortel.
Steve Levely has been appointed to the role of vice president, sales and
will lead the sales organization with a focus on expanding its gift
card and loyalty offering to local merchants in North American through
direct sales and channel partners. Levely has over 15 years experience
in sales management and business development roles at companies
including Maritz Canada and Pitney Bowes Canada. Sean Erjavec has
moved to an advisory role for newly acquired automotive sector agents
with a focus on the DealerCard line of business.
With the company's initial financing process and public listing behind
it, Tyler Nelson, chief executive officer and John Chapman, chief
financial officer will assume internal oversight of the investor
relations mandate as the company winds down its investor relations
services agreements with TMX Equicom and Trade Mark Equity Marketing
Inc. The company thanks both firms for their contributions to date.
"We have solidified our operating plan and cost structure for 2013,"
said Nelson, "We will continue to grow our share of market through our
direct sales team and the relationships we have built, and continue to
build, with strategic channel partners in the payment ecosystem. This
growth plan combined with execution of our technology development
roadmap will result in an exciting year ahead for Ackroo."
Ackroo enables small to medium sized businesses, independent merchants and business networks to increase profitability
and build long-term customer relationships through customized loyalty
and rewards programs. Their 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 of any size to design and launch their own
five-star loyalty program.Ackroo is headquartered in Ottawa, Canada.
For more information, visit: www.ackroo.com.
The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and 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 may constitute
"forward-looking statements" within the meaning of applicable Canadian
securities legislation. These forward-looking statements include, among
others, statements regarding business strategy, plans and other
expectations, beliefs, goals, objectives, information and statements
about possible future events. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking statements
are based on current expectations, estimates and assumptions that
involve a number of risks, which could cause actual results to vary and
in some instances to differ materially from those anticipated by Ackroo
Inc. and described in the forward-looking statements contained in this
press release. No assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur
or, if any of them do so, what benefits Ackroo will derive there-from.
SOURCE: Ackroo Inc.
For further information:
Chief Financial Officer | Ackroo
Vice President, Marketing | Ackroo
Tel: 613‐599‐2396 x705