Ackroo signs marketing partnership agreement with iQ724

Ackroo builds joint marketing plan with Quebec based marketing services firm

OTTAWA, Oct. 18, 2016 /CNW/ - Ackroo Inc. (TSX-V: AKR) (OTC: AKRFF) ("Ackroo" or the "Company"), a gift card, loyalty and rewards technology and services provider, and marketing services provider iQ724, a wholly owned subsidiary of Mobi724 (CSE: MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announced that the two companies have signed a joint marketing partnership agreement. Through this agreement Ackroo will provide its Ackroo Anywhere solution and iQ724 will provide their customized marketing services modules as a combined solution for merchants across North America. The initiative will support upselling Ackroo's gift card and loyalty platform to iQ724 clients and upselling iQ724's customized marketing services modules to Ackroo clients as well as pursing net new opportunities together via each companies channel partnerships. 

"The partnership with iQ724 is a great advancement both solution and geographic wise for Ackroo" said Steve Levely, chief executive officer at Ackroo. "From a solution stand point the custom marketing services products that iQ724 provides will deliver a premium option for Ackroo to offer our current and prospective clients helping to attract and grow much larger merchants. Medium to large merchants demand advanced solutions like what iQ724 offers and so while Ackroo will continue to develop our core solution to support the small to medium sized marketplace this partnership will better position the Company to support large to enterprise accounts as well. The Ackroo base platform also provides a great advancement for iQ724 clients primarily around our gift card, mobile and e-com offerings, our additional point of sale options, plus our self-serve components. So a technical advancement for both organizations. Geographically iQ724 has a very strong presence in Quebec and is beginning to gain traction in the United States. Both are markets that Ackroo is looking to expand further into making the partnership even more valuable. "

"Ackroo will provide a much desired expansion of our digital marketing, enterprise level loyalty solutions outside of Quebec while at the same time offering iQ724 gift card, mobile and e-com offerings to us in Quebec.  Our geographical and technological strengths complement each other perfectly" said Daniel Tardif, President of iQ724.

About iQ724

iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants. iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering. For more information, visit: www.iq724.com.

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.

About Mobi724 Global Solutions

Mobi724 Global Solutions Inc. ("Mobi724") (CSE: MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions. Mobi724 is innovating in its market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724 pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. For more information visit: www.mobi724globalsolutions.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

This release contains forecasts and forward-looking statements that 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]