Ackroo expands its offering by adding Bitcoin to its gift card, loyalty and rewards offering
OTTAWA, June 18, 2014 /CNW/ - Ackroo Inc. (TSXV: AKR), a loyalty and rewards technology and services provider, announced today that Newnote Financial (CSE: NEU; FSE: 1W4) and Ackroo have entered into a strategic partnership. The companies will pool resources to develop integration of Newnote's crypto-currency technology with Ackroo's gift card, loyalty and rewards solution which will offer another payment option to Ackroo's growing network of over 800 merchant locations across Canada.
Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders.
"Differentiation is key to our success as a company" said Steve Levely, chief executive officer at Ackroo. "The addition of adding Newnote's Bitcoin currency technology to our platform really helps further separate us from our competitors. Consumers will soon have the opportunity to process payment with us via gift card, loyalty, promotional credits and Bitcoin. This is a very powerful combination of options that will drive revenue, profitability and retention for our merchants while providing flexibility for their consumers."
Paul Dickson, CEO of Newnote states: "We are very excited to be working with Ackroo on this new and innovative initiative. This partnership follows perfectly in line with our strategy to develop more integrated ways for consumers to use and purchase crypto-currencies."
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: 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.
For further information: John Chapman, Chief Financial Officer | Ackroo, Tel: 613-599-2396 x714, Email: [email protected]