Ackroo adds 300th Automotive dealership - Ackroo further expands its client portfolio with additional 20 location dealer group

OTTAWA, Dec. 9, 2016 /CNW/ - Ackroo Inc. (TSX-V: AKR) (OTC: AKRFF) ("Ackroo" or the "Company"), a gift card, loyalty and rewards technology and services provider, today announced they have added another 20 location automotive dealer group putting the total amount of automotive dealers they support in Canada to more then 300. With an estimated 3,200 automotive dealers in Canada, Ackroo now supports almost 10% of all car dealers in Canada.   

"Automotive is a very important segment for Ackroo" said Steve Levely, chief executive officer at Ackroo. "Our solution caters well to the needs of automotive dealers helping them with discount avoidance, customer and revenue growth, retention and more. Today, automotive dealerships represent almost 20% of our client portfolio and as we work to expand our business one of the focused verticals remains automotive. We have added key features to our technology and have expanded our marketing services options to better support our growth plans in this segment. The addition of this most recent dealer group is further evidence that our product and approach fit very well and so we look forward to continuing to support and grow in this area."

About Ackroo

Ackroo provides gift card and loyalty processing solutions to help small to medium sized businesses 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.

SOURCE Ackroo Inc.

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