Ackroo Looks to Appoint Chief Financial Officer

Rhea-AI Summary

Ackroo Inc. announces its plan to review potential candidates for the appointment of a Chief Financial Officer to comply with the TSX Venture Exchange's requirement. The position is currently being held on an interim basis by the CEO, Steve Levely, and the Company aims to fill the vacancy by September 30, 2024.

Ackroo to commence review of potential candidates to fill vacancy

HAMILTON, Ontario, April 26, 2024 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company”), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, announces that it intends to commence a review of potential candidates for appointment as Chief Financial Officer of the Company.

The position is currently vacant with duties fulfilled on an interim basis by Steve Levely, the Chief Executive Officer of the Company. The policies of the TSX Venture Exchange require that separate individuals serve in the positions of Chief Executive Officer and Chief Financial Officer. The Company was notified of the requirement to the fill the vacancy by the TSX Venture Exchange on January 25, 2024. Following identification of a suitable candidate, the Company intends to appoint a new Chief Financial Officer to address this requirement by September 30, 2024.

About Ackroo

As an industry consolidator, Ackroo acquires, integrates and manages gift card, loyalty marketing, payment and point-of-sale solutions used by merchants of all sizes. Ackroo’s self-serve, data driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale. Ackroo’s acquisition of payment ISO’s affords Ackroo the ability to resell payment processing solutions to their growing merchant base through some of the world’s largest payment technology and service providers. As a third revenue stream Ackroo has acquired certain custom software products including hybrid management and point-of-sale solutions that help manage and optimize the general operations for niche industry’s including automotive dealers and more. All solutions are focused on helping to consolidate, simplify and improve the merchant marketing, payments and point-of sale ecosystem for their clients. Ackroo is headquartered in Hamilton, Ontario, Canada. For more information, visit: www.ackroo.com.

For further information, please contact:

Steve Levely
Chief Executive Officer | Ackroo
Tel: 416-360-5619 x730
Email: slevely@ackroo.com

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the 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.

FAQ

When did Ackroo announce its plan to review potential candidates for the Chief Financial Officer role?

Ackroo Inc. announced its plan on April 26, 2024.

Who is currently fulfilling the duties of the Chief Financial Officer on an interim basis at Ackroo?

Steve Levely, the Chief Executive Officer of the Company, is currently fulfilling the duties.

Why does the TSX Venture Exchange require separate individuals to serve as Chief Executive Officer and Chief Financial Officer?

The policies of the TSX Venture Exchange mandate separate individuals to serve in these positions.

When does Ackroo aim to appoint a new Chief Financial Officer?

Ackroo intends to appoint a new CFO by September 30, 2024.