VANCOUVER, British Columbia, May 16, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) today announced that the current quarter is already the Company’s strongest ever for launches and merchant partner signings.
The Company has signed 136 new locations and launched 50 new locations in 11 weeks since the current fiscal quarter began on March 1, making it Glance’s best quarter to date for those metrics, with two weeks still left to go in the quarter.
“Our team is gaining momentum, especially with our expansion into the U.S.,” says Glance Technologies’ CEO, Desmond Griffin. “Merchants are increasingly recognizing how the value and power of our Glance Pay app can help their business.”
Glance is looking forward to additional opportunities from its attendance this week at the upcoming National Restaurant Association Show 2018 in Chicago, which runs from May 19 to 22. This is the U.S. restaurant industry’s premier event and the largest annual foodservice trade show in the U.S.
At the trade show, Glance will be one of just 14 exhibitors invited to the exclusive Startup Alley, reserved for top creators and innovators who meet the association’s specific criteria. Admission to this group gives Glance a unique opportunity to bring the Glance Pay app, with its sophisticated anti-fraud technology, into the spotlight.
Representing more than 500,000 restaurant businesses with more than one million outlets across the United States, the National Restaurant Association is the largest foodservice trade association in the world by membership.
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards and interact with merchants. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in iOS (Apple) and Android formats, merchant manager apps, a large-scale technology hosting environment with sophisticated anti-fraud technology and lightning-fast payment processing. Glance has also recently purchased a blockchain solution and is working on a rewards-based cryptocurrency intended to be integrated into the Glance Pay app.
More information about Glance can be found at www.glance.tech .
For further information:
David Jan Paola Ashton Investor Relations VP Business Development 1-866-258-1249 604-839-0337 investors@glancepay.com paola@glancepay.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “anticipate”, “believe”, “could”, “expand”, “expect”, “exploring”, “intend”, “estimate”, “exploring”, “may”, “plan”, “pursue”, “potential”, “projected”, “should”, “thinks”, “upcoming”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These statements, which involve risks and uncertainties, relate to the discussion of Glance’s business strategies and its expectations concerning future operations, sales, new products and features including pre-ordering, new users and new merchants, opportunities that may come out of Glance’s upcoming attendance this week at the National Restaurant Association, and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. Such risk factors include, among other things, the risks related to the development of a rewards-based cryptocurrency and integration into the Glance Pay app, the development of new features for the Glance Pay App, and growth of the number of Glance merchants. For additional information with respect to these and other factors and assumptions underlying the forward looking statements in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form and Prospectus of Glance, which may be accessed through Glance’s profile on SEDAR at www.sedar.com. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
