Ackroo continues U.S. expansion
July 16 2021 - 8:00AM
Ackroo Inc. (the “
Company” or
“
Ackroo”) (TSX-V: AKR) (OTC: AKRFF), a loyalty
marketing, payments and point-of-sale technology and services
provider, is pleased to announce that after their last acquisition
they have grown their percentage of both clients and revenues to
just over 10% in the United States with the other 90% across
Canada. This represents close to a 50% increase over the percentage
of customers and revenues the Company managed at the end of 2020.
Ackroo now services close to 1,800 clients and 5,300 locations
across North America and in an effort to continue their US
expansion they have recently hired sales operations consultants
based in Florida to help drive continued growth in this very large
market.
“Further expansion into the US market is a key
priority for Ackroo,” said Steve Levely, CEO of Ackroo. “One of the
main drivers in our decision to acquire InterActive DMS was the
opportunity to gain a much larger presence south of the border. We
have clients using our marketing platform that are based in the US
however the percentage has not been significant enough to invest in
areas like staffing. With over 10% of our revenues and customers
now based in the US it was time to start adding US based talent and
so we have recently hired consultants based in Florida to help
support and drive sales growth for us. We are also in talks with
several new US based partners for our marketing, payment and
point-of-sale offerings and expect some great organic growth to
come from these new relationships.”
About Ackroo Through vendor and
industry consolidation, Ackroo provides marketing, payment and
point-of-sale solutions for merchants of all sizes. Ackroo’s
self-serve, data driven, cloud-based marketing platform helps
merchants in-store and online process and manage loyalty, gift card
and promotional transactions at the point of sale in order to
attract, engage and grow their customers while increasing their
revenues and margins. Ackroo’s payment services provide merchants
with low-cost payment processing options through some of the
world’s largest payment technology and service providers. Ackroo’s
hybrid management and point-of-sale solutions help manage and
optimize the general operations for niche industry’s including golf
clubs, automotive dealers and more. All solutions are focused on
helping to consolidate, simplify and improve the merchant
marketing, payments and point-of sale ecosystem for their clients.
Ackroo is headquartered in Hamilton, Ontario, Canada. For more
information, visit: www.ackroo.com.
For information, please contact:
Steve Levely Chief Executive Officer | Ackroo Tel:
416-360-5619 x730 Email: slevely@ackroo.com |
|
The TSX Venture Exchange has neither approved
nor disapproved the contents of this press release. Neither the 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.
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