VANCOUVER, British Columbia, June 08, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) (“Glance” or the “Company”) today reported that an unauthorized press release (the “Unauthorized Press Release”) was issued yesterday using Glance’s name and corporate information (the “Glance Material”) without Glance’s permission.
Glance believes that the Unauthorized Press Release was issued by The Yield Growth Corp. (“Yield”). Glance shareholders may have inadvertently believed the Unauthorized Press Release was issued by Glance due to:
- the use of Glance’s name at start of the headline;
- the use of Glance’s ticker symbols; and
- a section called “About Glance Technologies” at the end.
Yield is a closely-held company in which Glance has a minority ownership interest, but Glance has no influence over Yield’s business affairs. While Yield’s President and Chief Executive Officer, Penny Green, is currently a director of Glance, Ms. Green does not have the authority to unilaterally act as spokesperson for Glance and has not been an officer of Glance since February 20, 2018, when Glance terminated her consulting agreement.
Glance wishes to assure shareholders that Glance was not aware of the Unauthorized Press Release prior to its public dissemination and that the contents of the Unauthorized Press Release and other communications by Ms. Green do not necessarily reflect Glance’s business or growth strategy.
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.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
| Investor Relations 1-866-258-1249 investors@glancepay.com | Paola Ashton VP Business Development 604-839-0337 | |
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: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the development of a rewards-based cryptocurrency. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things, risks related to Glance’s ability to develop a rewards-based cryptocurrency. Forward-looking information and forward-looking statements are in addition based on various estimates, forecasts and projects as well as expectations, beliefs and assumptions, including, without limitation, that Glance will be able to develop a rewards-based cryptocurrency. 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 Prospectus and Annual Information Form 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.
