Ackroo announces another strong growth quarter

Ackroo achieves back to back double digit growth quarter

OTTAWA, Jan. 26, 2015 /CNW/ - Ackroo Inc. (TSX-V: AKR), a gift card, loyalty and rewards technology and services provider, announced today that it has achieved another strong growth quarter in Q4 with unaudited revenues of $374,760 representing 16% growth over the previous quarter. The Company expects to complete their 2014 audit in March to further confirm this revenue announcement along with other financial results.   

"The strong close to 2014 is further validation of our growth strategy" said Steve Levely, chief executive officer at Ackroo. "During the quarter we delivered major enhancements to our product offering, further reduced our operating costs, re-capitalized the company through our most recent private placement and grew our merchant footprint and revenues. All of these achievements allowed us to deliver our best quarter of 2014 coupled with back to back double digit growth quarters. This has been an excellent companywide performance and I look forward to a very exciting 2015 with further market leading product enhancements and growth."

Ackroo also announces the promotion of Helena Mancini from VP of Finance & Operations to Executive Vice President of Operations. In this senior executive role Helena will lead all aspects of the company's operations including R&D, Sales and Marketing. The Company wishes to congratulate Helena on this well-deserved promotion and looks forward to her increased responsibilities delivering growth for the company.

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.

 

SOURCE Ackroo Inc.

Steve Levely, Chief Executive Officer | Ackroo, Tel: [phone] x730, Email: [email protected]