OTTAWA, July 15th, 2016 /CNW Telbec/ - Ackroo Inc.
(TSXV: AKR) (OTC: AKRFF) ("Ackroo" or the "Company"), a gift card,
loyalty and rewards technology and services provider, announces
that all of the nominees proposed as directors and listed in the
Company's management proxy circular, dated May 24th, 2016, were elected as
directors at the Company's annual general meeting held in
Vancouver, British Columbia on
July 14th, 2016.
Shareholders also approved the appointment of Grant Thornton LLP as
the auditor of the Company for the ensuing year. 99 percent of
shares voted were cast in favor of each of the nominees and of the
appointment of Grant Thornton LLP, along with all other matters
proposed at the meeting.
The elected directors of the Company are as follows:
- Steve Levely
- Sam Cole
- Chad Holliday
- Wayne O'Connell
John Chapman did not stand for
re-election at the meeting, but will remain with the Company in an
advisory capacity and will provide ongoing financial
guidance. The Company would like to thank John for his
contributions to the board over the years and looks forward to
continuing to work with him in the future.
In addition, Ackroo has granted options to purchase 250,000
common shares to directors and officers of the Company at a price
of $0.26, for a period of 3
years. The grant is subject to the approval of the TSX Venture
Exchange.
About Ackroo
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.
SOURCE Ackroo Inc.
