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Bullboard - Stock Discussion Forum Ackroo Inc V.AKR

Alternate Symbol(s):  AKRFF

Ackroo Inc. acquires, integrates and manages gift card, loyalty marketing, payment and point-of-sale solutions used by merchants of all sizes. It develops and sells an online loyalty and rewards platform. Its 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. Its... see more

TSXV:AKR - Post Discussion

Ackroo Inc > adds 5,400th customer location
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Post by Betteryear2 on Oct 05, 2021 8:17am

adds 5,400th customer location

HAMILTON, Ontario, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR, OTC: AKRFF) (“Ackroo” or the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, is pleased to announce that have added their 5,400th customer location. The Company now supports over 5,000 AckrooMKTG, 300 AckrooPOS and 130 AckrooPAY customer locations and growing. The Company managed to not only add several new clients to hit the location milestone but also had a record number of current customers upgrade their programs to addition products and services like digital gift cards where now over 300 clients are leveraging that product offering, an 80% increase over the previous year.

“We are very excited about the organic growth we delivered over the past few months,” said Steve Levely, CEO of Ackroo. “After a very challenging start to 2021 with much greater attrition then we typically see and less customer growth it was great to see us bounce back over the summer. We achieved good net location growth while also driving a record number of upsells across our customer base. Our ability to not only add new clients but cross sell and upsell additional products and services to our current clients is key to our organic growth success. Areas like our digital gift card, mobile and AckrooPAY solutions were the main drivers and so we are excited for the great results the team delivered and the momentum we plan to carry into the future.”


https://www.globenewswire.com/news-release/2021/10/05/2308673/0/en/Ackroo-adds-5-400th-customer-location-and-achieves-other-business-milestones.html
Comment by SushiGobbler on Oct 06, 2021 9:45am
This is very positive for the company, I am super bullish on this one long term 2-5 years and I predict we will be sitting at a much higher valuation than today, in the meantime I have been acquiring more shares while they're down. With a large backing from DKAM and the Shens,  as well as a very driven/genuine/ honest CEO, who has proven himself by turning this company around over the ...more  
Comment by skibum45 on Oct 06, 2021 8:00pm
Yep... nicely 'worded' release. They've set our expectations now. Frustrating to have the share price where it is, but if their numbers over the next couple of quarters match the enthusiasm of this release there should be lots of brighter days ahead. 
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