VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (CSE:GET.WT) (OTCQB:GLNNF) (FKT:GJT) (the “ Company ” or “ Glance ”), a leading mobile payments company, and BIG Blockchain Intelligence Group Inc. (“ BIG ”), a leading developer of Blockchain technology search, data analytics solutions, today jointly announced they have entered into a Strategic Alliance Agreement (the “Agreement”)
Under the terms of the Agreement, BIG and Glance will work together to: (a) establish a mutual referral and strategic marketing relationship; (b) further explore ways to work together; and (c) collaboratively market and promote the businesses of both BIG and Glance.
BIG brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. BIG’s commercial product, BitRank Verified™, offers a “risk score” for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Big’s Forensic Services Division brings its team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to its user-friendly search, risk-scoring and data analytics tools.
BIG developed BitRank Verified™ to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank Verified™ offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified™ and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities.
“We’re excited to explore the strategic ways we can work with Glance to the mutual benefit of both companies,” said BIG CEO, Lance Morginn. “Glance’s current work on developing Glance Coin as a rewards-based cryptocurrency to be integrated into their platform could be a natural fit with the tools and services BIG offers. In the case of Glance Pay, there could be possibilities of cross-integrations or introductions to potential clients as Glance has significant licensing agreements in place with companies in markets ranging from cannabis to fitness and wellness, and foreign students and tourism. We look forward to working with Desmond and the team of experts at Glance.”
Desmond Griffin, CEO of Glance commented: “I see this agreement as just the beginning of working with BIG to position both our companies front and center in the global market. As the co-founder of a previous company that processed tens of millions of mobile payments for millions of consumers in 100+ cities around the world, I know you can only build a global presence and client base through this type of partnership and collaboration. We will accomplish so much more by working together. My team and I welcome the opportunities and the chance to work with BIG’s team in the days to come.”
About BIG Blockchain Intelligence Group Inc. BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified™, offers a “risk score” for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools.
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 also owns an end-to-end blockchain solution for a rewards-based cryptocurrency which is currently being integrated into the Glance Pay App.
For more information about Glance, please go to www.glance.tech .
For more information, contact:
Paola Ashton VP Business Development 604-839-0337 investors@glancepay.com
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 statements, which involve risks and uncertainties, relate to the discussion of Glance’s business strategies and its expectations concerning future operations, building a global presence, margins, sales, new products, new licensing and partnership arrangements, potential acquisitions, use of proceeds, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. 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.
