OTTAWA, Oct. 18, 2012 /CNW/ - Ackroo Inc. (TSX-V: AKR), a loyalty and rewards technology and services provider, today announced the execution of a definitive sales agent agreement with D&P Holdings Inc., doing business as Diversified Insurance Facilities. Under the terms of the non-exclusive agreement, Diversified's U.S. network of sales agents will assist with the marketing and sale of Ackroo's DealerCard program to their current and prospective automotive dealership customers.
DealerCard is Ackroo's turn-key revenue retention loyalty program specifically designed for automotive dealerships to increase profit margins, boost customer retention and create new revenue streams.
Diversified and their sales agents provide risk mitigation and insurance services to over 2000 automotive dealerships across the U.S. Headquartered in Spring, Texas, Diversified is a nationwide company with offices in Philadelphia and St. Louis.
"The DealerCard program has generated tremendous additional revenue for our customers. At the same time it has strengthened and improved their customer retention. It provides a win-win for the customer and the dealer," said Gary Marshall, senior vice president at Diversified. "We are looking forward to our partnership with Ackroo and the opportunity to introduce the DealerCard solution to our agents and their dealers."
Sean Erjavec, executive vice president of sales at Ackroo commented, "We are excited to be working with Diversified and to leverage the relationships its agents have built with automotive dealers and dealer groups throughout the U.S. This partnership further validates our value proposition in the automotive vertical and will accelerate Ackroo's penetration of the U.S. market. We look forward to working closely with Diversified and its agent network."
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's online and in-store loyalty program options provide a blend of stored value capabilities and diverse loyalty incentives, arming businesses with their own 'private currency' and the flexibility to create customized loyalty programs that resonate with their customers. 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:
Tel: 416-815-0700 x230
Vice President, Marketing | Ackroo
Tel: 613‐599‐2396 x705