SOURCE: Ackroo Inc.

Ackroo Inc.

February 10, 2017 08:00 ET

Ackroo integrates with i-Lube POS platform

Ackroo expands integrated partnerships with market leading quick-lube services provider

OTTAWA, ON--(Marketwired - February 10, 2017) - Ackroo Inc. (TSX VENTURE: AKR) (OTC PINK: AKRFF) ("Ackroo" or the "Company"), a gift card, loyalty and rewards technology and services provider, announced the launch of their latest advancement to the Ackroo Anywhere platform with integration to i-Lube POS Software. This development will provide current and prospective Ackroo customers who wish or plan to utilize Inter-link Resources i-Lube point of sale software solution the opportunity to utilize a fully integrated version of the Ackroo Anywhere gift card and loyalty solution. The fully integrated version of Ackroo Anywhere includes the entire gift card, loyalty and promotional features plus additional features like departmental and sku based loyalty, mobile application options along with several additional reporting features and services. The combined solution has gone live across 8 Minit Lube locations in Alberta, Canada and is now available for all quick-lube clients using i-Lube POS.

Founded in 1998 and based in St. Albert, Alberta, Canada, Inter-link Resources specializes in the development and design of integrated point of sale software for the quick-lube industry. Their flagship product I-Lube is used on 3 continents in 4 different countries with the bulk of their customers in Canada and the United States. I-Lube has been developed specifically for the fast lube industry and has become the product of choice across all 3 continents. To learn more visit www.pcilube.com.

"Integration to i-Lube is a great advancement for the Ackroo Anywhere platform," said Steve Levely, chief executive officer at Ackroo. "More and more merchants are moving towards fully integrated POS solutions for the operational ease and advancement it brings. With this shift also comes the demand for 3rd party gift card and loyalty providers like Ackroo to integrate to these platforms in order to provide a single point of sale for all currency types (credit, debit, gift card, loyalty etc.). This partnership is yet another step towards increasing our addressable market through integration and helps to further position us for success. We are also thrilled to support the quick-lube industry. This is a segment we currently cater to and has great demand for our products and services as they look to increase revenues, retain customers and compete in the very competitive quick-lube market. The first client utilizing the combined solution was also sponsored by a major Canadian petroleum provider that we look forward to working with alongside other quick-lube partners of theirs. This is an exciting advancement for the Company and our new partners."

About Ackroo

Founded in 2012, 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

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.

Contact Information

  • For information, please contact:
    Steve Levely
    Chief Executive Officer
    Ackroo
    Tel: 613-599-2396 x730
    Email: slevely@ackroo.com