Ackroo to commence trading on the OTC under the symbol "AKRFF"

Ackroo updates US listing to help support US shareholder base

OTTAWA, Sept. 2, 2015 /CNW/ - Ackroo Inc. ("Ackroo" or the "Company") (TSXV: AKR) and (OTC: AKRFF), a gift card, loyalty and rewards technology and services provider, announces that effective immediately its common shares are trading under the symbol "AKRFF" in the United States and are no longer trading under the symbol "VEIFF". The company has also pursued DTC eligibility to support electronic trading and expects that approval in the coming weeks. The updated listing and trading symbol coincides with the Company's ongoing efforts to support its existing US shareholder base, and to facilitate trading in the OTC markets.

Ackroo also announces that it has granted options to purchase 250,000 common shares to directors, officers, employees and consultants of the Company at a price of $0.30, 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.

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