Ackroo achieves back to back record
quarters
OTTAWA, Jan. 15, 2016 /CNW/ - Ackroo Inc. (TSXV:
AKR), (OTC: AKRFF), a gift card, loyalty and rewards technology and
services provider, is pleased to report unaudited record revenues
of $588,641 for the period ending
December 31st 2015.
This represents a 68% increase over the same period a year earlier
and 13% growth over the previous quarter. For the year ended
December 31st 2015, the
Company expects to report unaudited annual revenues of
approximately $1,810,053, a 36%
increase over the previous year.
"The Company's record quarter and annual revenue results further
validate our growth strategy and our ability to execute" said
Steve Levely, chief executive
officer at Ackroo. "During the quarter we delivered substantial
organic growth with the addition of both new customers and through
upselling current customers, allowing us to drive significant year
over year and quarter over quarter growth. We continued to
further enhance our product offering, further developed our channel
partnerships and completed the bulk of the operational integration
of Dealer Rewards Canada. All of these achievements allowed
us to deliver our best quarter and best year in Company
history. Based on these results, the Company has delivered a
3 year average growth rate of 43% and is poised for continuous
growth in 2016."
Ackroo also announces the engagement of Torrey Hills Capital, a
Rancho Sante Fe, California-based
investor relations firm specializing in North American small and
micro-cap companies, to provide market awareness and investor
relations services to the Company. Torrey Hills Capital has
been engaged for a ninety day term and will be entitled to receive
a monthly fee of $5,000 US plus
pre-approved out-of-pocket expenses. The appointment of
Torrey Hills Capital as an investor relations consultant is subject
to the approval of the TSX Venture Exchange.
The Company cautions that figures for revenue have not been
audited. Actual results may differ materially from those
reported in this release once these figures have been
audited. The Company expects to complete its 2015 audit in
March to confirm revenue figures, along with other financial
results.
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.
Forward Looking Statements
These forecasts and forward-looking statements are not
guarantees of future performance and activities and are subject to
risks and uncertainties. The company has based these
forward-looking statements on assumptions and assessments made by
its management in light of their experience and their perception of
historical trends, current conditions, expected future developments
and other factors they believe to be appropriate. Important factors
that could cause actual results, developments and business
decisions to differ materially from those anticipated in these
forward-looking statements include, but are not limited to: the
company's ability to raise enough capital to support the company's
go forward plans; the overall global economic environment; the
impact of competition and new technologies; general market,
political and economic conditions in the countries in which the
company operates; projected capital expenditures and liquidity;
changes in the company's strategy; government regulations and
approvals; changes in customers' budgeting priorities; plus other
factors that may arise. Any forward-looking statements in this
press release are made as of the date hereof, and the company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE Ackroo Inc.
