ACKROO INC - AKRFF STOCK NEWS

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Ackroo Inc. (OTC: AKRFF) is a Canadian-based company that specializes in providing gift card and loyalty processing solutions. Utilizing a SaaS-based business model, Ackroo offers automated solutions for both in-store and online environments. Their platform enables small to medium-sized businesses to process gift card and loyalty transactions at the point of sale, while also offering essential administrative and marketing data. This empowers merchants to attract, retain, and grow their customer base efficiently.

Headquartered in Hamilton, Ontario, Ackroo’s unique platform simplifies the marketing and payments ecosystem for various industries, including automotive dealerships and convenience stores. The company operates a self-serve, data-driven, cloud-based marketing platform to manage loyalty, gift card, and promotional transactions. Ackroo’s acquisition strategy focuses on consolidating and integrating gift card, loyalty marketing, payment, and point-of-sale solutions to provide comprehensive services to merchants of all sizes.

In recent news, Ackroo has made significant strides with the acquisition of Simpliconnect, a US-based loyalty marketing provider. This acquisition has not only streamlined operations but has also contributed positively to the company's financial performance. Ackroo reported a 16% profit margin from the Simpliconnect acquisition and expects to generate a 60%+ profit margin moving forward.

Additionally, Ackroo has shown strong financial health with a 23% year-over-year growth in adjusted EBITDA and an 11% increase in total annual revenue for 2023. These figures underscore Ackroo’s ability to optimize its operations and maintain profitability.

The company is also actively seeking a new Chief Financial Officer to further enhance its corporate governance and meet TSX Venture Exchange requirements. Ackroo remains focused on expanding its market presence, improving its core technology platform, and driving long-term shareholder value. For more information, visit www.ackroo.com.

01/26/2024 08:00 AM

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Ackroo Announces 2023 Unaudited Revenue Results

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Ackroo Inc. reports unaudited annual revenues of $6,825,670 for the year ended December 31st, 2023, with a 9% increase in total revenue and an 11% increase in recurring revenue over the same period in 2022. The company completed its thirteenth acquisition, divested a non-core point-of-sale product, paid down approximately $524,000 of debt, bought back 6,068,681 shares, and expects to announce their sixth consecutive positive adjusted EBITDA year. The company also achieved 11% YoY recurring revenue growth and 9% YoY total revenue growth. The complete financial results will be available under the profile for Ackroo on SEDAR+ at www.sedarplus.com.

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12/12/2023 08:00 AM

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Ackroo Announces Results of 2023 Annual General Meeting

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Ackroo Inc. (TSX-V: AKR, OTC: AKRFF) announces that all matters presented at the annual general meeting were approved by shareholders, including the election of directors, re-appointment of the auditor, and adoption of a new security-based compensation plan.

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12/07/2023 08:00 AM

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Ackroo Announces Completion of 2023 Normal Course Issuer Bid

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Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) successfully completed its 2023 Normal Course Issuer Bid, buying and cancelling all 6,068,681 shares available, reducing the total share count by 5% to 115,304,952 shares. The average price paid per share was $0.08692, totaling $527,469 invested. The Company also paid Canaccord Genuity Corp. $11,150 in fees. Ackroo plans to renew the NCIB in June 2024, aiming to provide returns to shareholders based on the Company's financial position and share price.

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12/01/2023 03:42 PM

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Ackroo Completes Acquisition of GiftFly’s eGift Card Business

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Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) has closed its third U.S. based acquisition and thirteenth acquisition overall. The company, a loyalty marketing, payments, and point-of-sale technology and services provider, has completed the acquisition of the GiftFly business from GiftFly LLC, an international payments company based in the U.S. The acquisition adds over 4,000 merchant locations to Ackroo's portfolio. In consideration for the acquisition, the company has paid $350,000 USD on closing, and will make a further four monthly cash payments of $100,000 USD commencing on January 5th, 2024. The company is at arms-length from the Vendor, and no finders’ fees or commissions were paid in connection with completion of the acquisition. CEO Steve Levely expressed eagerness to integrate and optimize the GiftFly eGift card business to continue merchant and product expansion plans. Founder and CEO of GiftFly, Cory Perkins, stated that transitioning the e-gift card business to Ackroo will allow GiftFly to re-invest into their new core focus, emphasizing Ackroo's market leadership and experience in integrating organizations like GiftFly's into theirs.

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11/28/2023 08:00 AM

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Ackroo to acquire GiftFly’s eGift Card Business

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Ackroo Inc. (AKR on TSX-V, AKRFF on OTC) has signed a definitive agreement to acquire the digital gift card business from U.S.-based payments company GiftFly.com LLC. The acquisition will almost double the number of locations Ackroo will support, representing its thirteenth acquisition to date. The total consideration for the acquisition is $750,000, to be satisfied through a cash payment of $350,000 on closing and four monthly cash payments of $100,000 commencing on January 5, 2024.

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11/10/2023 08:00 AM

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Ackroo to hold Annual General Meeting on December 7, 2023

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Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) announces annual general and special meeting of shareholders on December 7th, 2023. Shareholders to vote on appointing the auditor, electing directors, and approving a new compensation plan. Meeting details available on SEDAR.

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11/09/2023 08:00 AM

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Ackroo Releases Q3 2023 Financial Results

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Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) reports 8% year-to-date YoY revenue growth and 24% year-to-date YoY EBITDA growth. The company achieved 24% adjusted EBITDA as a percentage of total revenue, used earnings for share buy-backs, and focused on debt reduction.

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08/04/2023 08:00 AM

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Ackroo Releases Q2 2023 Financial Results

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08/01/2023 08:00 AM

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Ackroo to Present at the Planet MicroCap Showcase: VANCOUVER 2023 on Wednesday, September 6, 2023 & 1x1 Meetings on Thursday, September 7, 2023

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06/13/2023 08:00 AM

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Ackroo Announces Normal Course Issuer Bid

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FAQ

What is the current stock price of ACKROO (AKRFF)?

The current stock price of ACKROO (AKRFF) is $0.0906 as of July 24, 2024.

What is the market cap of ACKROO (AKRFF)?

The market cap of ACKROO (AKRFF) is approximately 10.0M.

What services does Ackroo Inc. offer?

Ackroo provides gift card and loyalty processing solutions, automated marketing data, and payment processing services to help small to medium-sized businesses grow.

Where is Ackroo Inc. headquartered?

Ackroo Inc. is headquartered in Hamilton, Ontario, Canada.

What are some recent achievements of Ackroo Inc.?

Ackroo recently acquired Simpliconnect, which has led to significant operational efficiencies and financial gains. The company also reported strong year-over-year financial growth.

How does Ackroo’s platform benefit merchants?

Ackroo’s platform helps merchants manage gift card and loyalty transactions, offering key administrative and marketing data to attract, retain, and grow their customer base.

What industries does Ackroo Inc. serve?

Ackroo serves various industries, including automotive dealerships, convenience stores, and other small to medium-sized businesses.

What is Ackroo’s business model?

Ackroo operates a SaaS-based business model, offering automated solutions for in-store and online environments.

Has Ackroo made any recent acquisitions?

Yes, Ackroo recently acquired Simpliconnect, a US-based loyalty marketing provider, which has positively impacted their financial performance and operational efficiency.