VANCOUVER, British Columbia, Nov. 23, 2016 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (FKT:GJT) is pleased to announce that it has been exceeding its targets with respect to signed restaurants, restaurant launches and app users since the launch of its Glance Pay app on September 7, 2016.
As of today’s date, more than 5,000 people have used the Glance Pay app to pay for their restaurant bills at a restaurant in the Greater Vancouver region. Based on the adoption rates of Glance Pay over the past few weeks, Glance’s management estimates that the number of users will increase to 10,000 in January 2017.
Glance intends to expand its fast growing Glance Pay app throughout Canada and the US. With the recent signing of the 32 location MR MIKES® SteakhouseCasual restaurant chain, Glance has a great partner with whom to expand throughout Western Canada. Glance has also identified a publicist to work with to sign up restaurants in Toronto for a launch in Spring 2017.
Glance Pay now has agreements in place with 95 restaurants for the use of its app, with multiple other chains and hundreds of independent restaurants in the sales pipeline. As of today’s date, there are 38 restaurants live that are currently accepting Glance Pay, with another 5 planned to launch over the next week.
Glance Pay has signed 48 new restaurants to use the Glance Pay app within the past 36 days.
“Our target is to sign 30 new restaurants every month to use the Glance Pay app,” says COO and President Penny Green. “In the past month we have well exceeded our target. We intend to be the largest mobile payment app for restaurants in North America within the next 12 months.”
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that allows customers to pay their restaurant bill instantly with their mobile device. Glance Pay aims to revolutionize how smartphone users choose where to dine, settle their restaurant bills, access their payment records and interact with their favourite restaurants. Glance Pay intends to become the industry standard as one of the four pillars in restaurant payments, beside credit cards, debit cards and cash. For more information about Glance, please go to www.glance.tech or www.glancepay.com and follow Glance Technologies and Glance Pay on Facebook, twitter, LinkedIn, and Instagram and YouTube.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Specifically, the statements about Glance expanding its sources of revenue and offering new revenue-producing services to restaurants are forward-looking statements, and there can be no certainty that these statements will prove to be correct.
Although Glance believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.
For more information, contact: Christina Rao Vice President, Investor Relations (604) 723-7480 christina@glancepay.com
