Provides excellent, immediate input to future strategic direction
OTTAWA, March 4, 2014 /CNW/ - Ackroo Inc. (TSXV: AKR), a loyalty and rewards technology and services provider,
announced today that it has appointed Mr. Jay Malowney to its Board of
Mr. Malowney is the Senior Vice President of Partner Relationships at
Points, one of the premier loyalty program companies in the world, and
has extensive experience in the loyalty marketing industry coupled with
the venture capital space. Prior to his role at Points, he was Vice
President at LoyaltyOne with responsibility for their partnerships with
international loyalty marketing programs. LoyaltyOne is a leading
global loyalty marketing provider that is best known as the owner and
operator of the Air Miles Reward Program in Canada.
"I'm very pleased with the appointment of our new board member." said
Jeff Durno, chairman of the board at Ackroo. "The wealth of industry
knowledge and expertise Jay brings will help us execute on the next
phase of our evolution and continue on our growth path."
In addition to the appointment announced, Mr. Praveen Varshney has
resigned as a director of the company and will continue to work with
Ackroo in an advisory role. The company would like to thank Praveen for
his contributions and we look forward to working with Praveen in his
Also, Ms. Jennifer Nelson has resigned her position of Vice-President
Marketing to pursue other business interests. The company would like to
thank Jennifer for her contributions and wish her the best of success
in her new endeavors.
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:
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.
SOURCE: Ackroo Inc.
For further information:
Chief Financial Officer | Ackroo
Tel: 613-599-2396 x714
President | Network IR