Twitter Facebook LinkedIn YouTube

Ackroo Inc (TSXV: AKR) Looking to raise $2 Million with non-brokered Private Placement

Video Platform Video Management Video Solutions Video Player

Ackroo Inc. (TSXV:AKR) (OTC Pink:AKRFF) is looking to raise up to $2 million with a non-brokered private placement, through the issuance of up to 10 million shares priced at $0.20 per share. Ackroo provides customized gift card and loyalty solutions into the $160 billion North American gift card and loyalty market.

Additional Information:

Company: Ackroo Inc
Website: https://ackroo.com
Stock Symbol: TSXV: AKR
Date Published: Mar 20, 2016
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for InvestmentPitch Media

Ackroo Inc. (TSXV:AKR) (OTC Pink:AKRFF) is looking to raise up to $2 million with a non-brokered private placement, through the issuance of up to 10 million shares priced at $0.20 per share. Ackroo provides customized gift card and loyalty solutions into the $160 billion North American gift card and loyalty market.

The company provides branded cards to a wide variety of clients, across all business sectors.

Ackroo’s solution is robust enough for large merchants yet affordable for smaller merchants with various processing plans built to scale with the size of any business.

The company recently reported unaudited record revenues of $589,000 for the quarter ending December 31, 2015, an increase of 68% over the same period in 2014, and a 13% growth over the previous quarter.

Steve Levely, CEO, stated: “During the quarter we delivered substantial organic growth with the addition of both new customers and through upselling current customers. We continued to further enhance our product offering, further developed our channel partnerships and completed the bulk of the operational integration of Dealer Rewards Canada.”

Ackroo is trading at $0.21 and with 17.4 million shares outstanding, the company is capitalized at $3.7 million.

For more information please visit the company’s website www.ackroo.com, or contact Steve Levely, CEO, at 613-599-2396 ext 730, or email slevely@ackroo.com.

I’m Amanda Rose Schellenberg for InvestmentPitch Media