Ackroo Announces Results of Annual General Meeting - Ackroo Shareholders Elect Four Directors at AGM

OTTAWA, July 15th, 2016 /CNW Telbec/ - Ackroo Inc. AKR AKRFF ("Ackroo" or the "Company"), a gift card, loyalty and rewards technology and services provider, announces that all of the nominees proposed as directors and listed in the Company's management proxy circular, dated May 24^th, 2016, were elected as directors at the Company's annual general meeting held in Vancouver, British Columbia on July 14^th, 2016. Shareholders also approved the appointment of Grant Thornton LLP as the auditor of the Company for the ensuing year. 99 percent of shares voted were cast in favor of each of the nominees and of the appointment of Grant Thornton LLP, along with all other matters proposed at the meeting.

The elected directors of the Company are as follows:

• Steve Levely
• Sam Cole
• Chad Holliday
• Wayne O'Connell

John Chapman did not stand for re-election at the meeting, but will remain with the Company in an advisory capacity and will provide ongoing financial guidance. The Company would like to thank John for his contributions to the board over the years and looks forward to continuing to work with him in the future.

In addition, Ackroo has granted options to purchase 250,000 common shares to directors and officers of the Company at a price of $0.26, for a period of 3 years. The grant is subject to the approval of the TSX Venture Exchange.

About Ackroo

Ackroo provides gift card and loyalty processing solutions to help small to medium sized businesses attract, retain and grow their customers and their revenues. Through a SaaS based business model Ackroo provides an in-store and online automated solution to help merchants process gift card & loyalty transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their gift card and loyalty accounts. Ackroo also provides important marketing services to assist their merchants with utilizing Ackroo's technology solution. 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.