Mr. Steve Levely reports

ACKROO RELEASES Q3 2023 FINANCIAL RESULTS

Ackroo Inc. has filed its financial results for the period ended Sept. 30, 2023. The results for the period ended Sept. 30, 2023, reflect 8-per-cent year-to-date year-over-year revenue growth and 24-per-cent year-to-date year-over-year adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) growth. During the period the company also achieved 24-per-cent adjusted EBITDA as a percentage of total revenue increasing the year-to-date EBITDA as a percentage of revenue to 21 per cent. The company used $200,000 of their earnings toward share buybacks and used the rest of the generated cash flow to reduce debt. The company plans to continue its focus on earnings generation in order to continue to improve its balance sheet, buy back shares and to help finance future acquisitions. The complete financial results for Ackroo, along with management's discussion and analysis for the quarter ended Sept. 30, 2023, are available under the profile for the company at SEDAR+. Highlights are shown in the attached tables.

"Our continued focus on earnings generation and business simplification are delivering great results for the business," said Steve Levely, chief executive officer of Ackroo. "On the earnings side we are delivering both year-over-year and quarter-over-quarter growth affording us the ability to pay down debt, buy back shares and have capital to acquire our next company. We are accomplishing this by taking a very lean approach to our business in regards to staffing while also having better financial discipline around renegotiation of supplier agreements and overall business management. On the solution side our divesture of GGGolf and our move to put less focus on our AckrooPOS business and more focus on our AckrooMKTG and AckrooPAY business is leading to revenue growth and operational efficiencies across the business. The less is more is certainly playing true for Ackroo. We still have plenty more to accomplish and improve on however I am really excited about the progress we are making and what our future looks like for our shareholders, clients and employees."

About Ackroo Inc.

Through vendor and industry consolidation, Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes. Ackroo's self-serve, data-driven, cloud-based marketing platform helps merchants in-store and on-line process and manage loyalty, gift card and promotional transactions at the point-of-sale. Ackroo's payment services provide merchants with low-cost payment processing options through some of the world's largest payment technology and service providers. Ackroo's hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries, including automotive dealers and more. All solutions are focused on helping to consolidate, simplify and improve the merchant marketing, payments and point-of sale ecosystem for their clients. Ackroo is headquartered in Hamilton, Ont., Canada.

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