OTTAWA, March 20, 2018 (GLOBE NEWSWIRE) -- 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 automotive dealer group putting the total amount of automotive locations they support at more than 350.  The Company has also further advanced their offering by adding more automotive specific reporting, more tools and templates to better support their email marketing efforts, and continue to expand integrations into various DMS solutions.  With over 21,000 automotive dealers across North America the Company is eager to continue to develop this aspect of their offering to better penetrate this important business segment for Ackroo.

“Automotive continues to be a very important, growing segment for Ackroo,” said Steve Levely, chief executive officer at Ackroo. “Our platform provides important financial and marketing information and tools to help automotive businesses reduce discounting, increase margins and revenues while boosting customer retention. All challenges that automotive businesses of all sizes face. With most automotive dealerships choosing to setup multiple departments (sales, service, F&I, parts etc.), which for Ackroo also acts as multiple billing locations, and since the bulk of these customers use the full breadth of our product and service offering it is clear that both from a revenue and product fit perspective we need to continue to further invest and focus on this large retail business segment.”

About Ackroo

Ackroo provides gift card and loyalty processing solutions to help retail and hospitality merchants of all sizes 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.

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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.