OTTAWA, ON--(Marketwired - September 06, 2017) - Ackroo Inc. (TSX VENTURE: AKR) (OTC PINK: AKRFF) ("Ackroo" or the "Company"), a gift card, loyalty and rewards technology and services provider, today announced they have added another multi-location quick service restaurant franchise putting the total amount of quick service and table service restaurant locations their platform supports at more than 500. The Company's continued focus on enhancing their platform and adding more point of sale options for merchants in industries like the restaurant services segment has driven this result and helps position the Company for even bigger success in the years to come.
"Restaurants are a very important business segment for Ackroo," said Steve Levely, chief executive officer at Ackroo. "Not only does this segment make up the largest percentage of our current customer base it also represents our largest opportunity for growth. We have a goal of growing to 10,000 + locations by the end of 2022 and we expect a lot of that growth to come from the quick service and table service restaurant segment. With an estimated 80,000 locations across Canada alone the restaurant services industry naturally is one of our key focus areas for our product, partnership and operational plans. We are excited to have achieved this milestone and we look forward to achieving many more in the very near future."
Ackroo provides gift card and loyalty processing solutions to help retail and hospitality merchants of all sizes attract, retain and grow their customers and their revenues. Through a SaaS based business model Ackroo provides an in-store and online automated solution to help merchants process gift card & loyalty transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their gift card and loyalty accounts. Ackroo also provides important marketing services to assist their merchants with utilizing Ackroo's technology solution. 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.
For information, please contact:
Chief Executive Officer
Tel: 613-599-2396 x730