Mr. Steve Levely reports

ACKROO FILES FINANCIAL RESULTS FOR THE THREE MONTH'S ENDING SEPTEMBER 30TH, 2014

Ackroo Inc. has filed financial results for the three months ended Sept. 30, 2014.

The results for the three months ended Sept. 30, 2014, reflect quarter-over-quarter revenue growth of 13 per cent over the three months ending June 30, 2014, and operating cost reduction of 35 per cent over the same quarter last year.

"The results for this quarter further validate our corporate strategy as shown by quarter-over-quarter revenue growth of 13 per cent while driving operating cost reduction of 35 per cent over the same quarter last year," said Steve Levely, chief executive officer at Ackroo. "We are very focused on implementing continuous cost-efficiencies in the business while growing our revenues and merchant footprint in order to meet our goal of business break-even in 2015.

"During the quarter we took big steps towards this goal in parallel to further expanding the reach and depth of our market leading product with enhancements such as Datacap integration, the launch of the latest version of our application for partner payment terminals, coupled with an upgraded developer portal allowing developers to build applications that integrate with Ackroo, plus many other features and functions.

"We also signed our first white label reseller partner which we believe is a key milestone in our go-to-market strategy. Over all, we believe that we made substantial progress during this period which we plan to continue into the fourth quarter and beyond."

The complete financial results for Ackroo are available at SEDAR. Highlights include:

• Sales of $321,972 for the three-month period ended Sept. 30, 2014, as compared with $285,673 for the three-month period ended June 30, 2014;
• Sales of $321,972 for the three-month period ended Sept. 30, 2014, as compared with $355,861 for the three-month period ended Sept. 30, 2013;
• Gross profit of $244,323 for the three-month period ended Sept. 30, 2014, as compared with $241,852 for the three-month period ended Sept. 30, 2013;
• Loss from operations before depreciation, amortization and stock-based compensation was $254,417 for the three-month period ended Sept. 30, 2014, as compared with $368,924 for the three-month period ended Sept. 30, 2013;
• Comprehensive loss of $478,383 for the three-month period ended Sept. 30, 2014, as compared with $697,537 for the three-month period ended Sept. 30, 2013.

Ackroo also announces the promotion of Dan Liu from controller to chief financial officer replacing John Chapman. Mr. Chapman will continue to support the company as a director and provide financial oversight as the chairman of the audit committee. The company would like to thank Mr. Chapman for his contributions and look forward to his continued support as a director of the board. The company also wishes to congratulate Mr. Liu on this well-deserved promotion.