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Wednesday, 04/28/2021 11:46:11 AM

Wednesday, April 28, 2021 11:46:11 AM

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News Out!!! $AKRFF

HAMILTON, Ontario, April 28, 2021 (GLOBE NEWSWIRE) -- Ackroo Inc. (the “Company” or “Ackroo”) (TSX-V: AKR) (OTC: AKRFF), a loyalty marketing, payments and point-of-sale technology and services provider, has filed its financial results for the year ended December 31, 2020. The results for the year ended December 31, 2020 reflect 16% year over year revenue growth from 2019 and an 8-year cumulative average growth rate of 34% per year since inception in 2012. The results also include a 24% increase in subscription revenue and a 167% increase in EBITDA over 2019.

“We are very happy with our 2020 results and our ability to manage through very difficult personal and corporate challenges with Covid-19,” said Steve Levely, CEO at Ackroo. “I am very proud of our success and perseverance this year despite the obstacles our team has faced. We accomplished many things last year with the addition of 2 new complimentary solutions in payment and point-of-sale, the acquisition of 3 companies, and advancements to our marketing platform. We began executing on several operational enhancements to support our growth plans and added more executive leadership and financial support through our expanded Board of Directors. The company delivered growth in areas such as digital gifting and marketing services and in our overall location count as we now service over 1,500 clients across over 5,000 locations. We achieved these milestones without any layoffs or government assistance and delivered record revenue and earnings in the process. To grow through these difficult times really does emphasize the strength of our business and resilience of our team. As we look to continue to consolidate, simplify and improve the merchant marketing, payments and point-of-sale ecosystem I couldn’t be more bullish on what lies ahead for our customers, our company and our shareholders.”