Ackroo adds technology veteran to its Board of
Directors
OTTAWA, Jan. 11th, 2016 /CNW/ - Ackroo Inc.
(TSXV: AKR), (OTC: AKRFF), a gift card, loyalty and rewards
technology and services provider, announces the appointment of
Chad Holliday as a member of the
Board of Directors.
Mr. Holliday joins Ackroo's board with over 20 years of
experience growing small and large telecom software businesses.
From 2013 to 2015, Chad was the Vice President and General Manager
of the Mobile Policy and Charging software business at
Alcatel-Lucent. Prior to this Chad ran the Alcatel-Lucent's IPD
Network Management product management and marketing team. Chad has
also held various engineering and executive positions at technology
startups such as Newbridge and
Thirdspace.
"We are thrilled to welcome Chad to the Board of Directors" said
Steve Levely, chief executive
officer at Ackroo. "Chad brings a wealth of successful
executive level experience in the technology field with specific
expertise in the global telecom sector. As Ackroo continues to
further develop its product offering Chad's guidance in not only
how to further build and develop our R&D team but also in how
to continue to expand our offering, through analytics and mobile,
make him a great asset to our team. His experience in software with
both small and large organizations will act as a key driver in his
ability to help guide Ackroo as we begin to scale our business
further. We look forward to his guidance and counsel and are
excited to have him join us at this key time for Ackroo as we take
our next big steps forward in 2016."
"I look forward to joining the Ackroo board" said Chad Holliday. "What attracted me to Ackroo was
the tremendous progress Steve has made towards profitability as
well as his strategic vision. With this strong foundation and
a great team in place I am very excited to assist Ackroo with their
next phases of growth in this dynamic market place."
In connection with the appointment of Mr. Holliday, Ackroo also
announces that it will grant options to purchase 450,000 common
shares to directors and officers of the Company at a price of
$0.25, for a period of 3
years. The option grant remains subject to the approval of the
TSX Venture Exchange.
About Ackroo
Ackroo provides gift card and loyalty solutions into the
$160 billion North American gift card
and loyalty market. Their solutions enable businesses, merchants
and business networks to increase profitability and build long-term
customer relationships through customized gift card and loyalty
programs. Ackroo's web-based solutions provide the power of a
massively scalable software platform in a lightweight online tool
that works with existing point-of-sale equipment, making it
easy and affordable for businesses to launch gift card &
loyalty programs that deliver immediate return on investment.
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.
SOURCE Ackroo Inc.
