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Glance Technologies Inc. (OTCQB: GLNNF) (CSE:GET.CN) News - June 6, 2017

 

 

GLANCE TO RECEIVE $1,000,000 OVER NEXT YEAR PURSUANT TO REVISED LICENSING AGREEMENT WITH CANNAPAY FINANCIAL


VANCOUVER, BRITISH COLUMBIA--(June 6, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce the closing of the first licensing payment of $200,000 towards a $1,000,000 fee and an amendment to its licensing agreement with Cannapay Financial Inc.

“Through the alliance between Glance Technologies and Cannapay we already have strong interest in licensing the Glance Pay payment platform from US entities in the cannabis space,” says Penny Green, President and COO of Glance, “Also, we have received many requests from emerging cannabis related companies throughout North America for all kinds of financial services, from equipment leasing to merchant processing.”

Cannabis sales totaled $6.7 billion in 2016 and the industry is growing larger and faster than the dot-come era. The dot-com era grew at a rate of 22%, while cannabis is growing at 30% in its early stages.

“The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next five years are cable television (19%) in the 1990s and broadband internet (29%) in the 2000s,” says Tom Adams, Editor in Chief of Arcview Market Research. “You will not find another multi-billion dollar market growing at a 25% compound annual growth rate anywhere in the world that is not already filled with multi-national companies and institutional investors,” says Troy Dayton, CEO of Arcview Market Research, “That’s part of what makes the cannabis industry such a unique opportunity for investors and entrepreneurs.”

Pursuant to the amended and restated licence agreement, the non-exclusive, worldwide licence that Glance has granted to Cannapay to white label Glance’s mobile payment processing platform and its proven anti-fraud technology for legal business to business and business to consumer mobile payments in the marijuana industry will have an initial term of 1 year and will be renewable for 50 additional 1 year periods at a renewal fee of $10,000 per year. As consideration for the licence, Cannapay will pay to Glance an initial fee of $100,000 for initial design work on the Cannapay app, and a $912,500 licence fee, payable in one payment of $100,000 in cash, a second payment of $200,000 in cash due within 90 days of signing the licence, and a third payment of $612,500 in cash or in common shares of Cannapay due within 1 year of signing the licence agreement, with the exception that if Cannapay completes an IPO at a price per offered security of $0.25 or higher, Cannapay will issue to Glance, contemporaneously with closing the IPO at a price per security equal to the price per security under the IPO, as many voting shares in payment towards the $600,000 fee as results in Glance holding, in the aggregate, a maximum of 49% of Cannapay’s issued and outstanding voting shares immediately after closing the IPO. Any outstanding amounts to bring the full payment to $600,000 will be due and payable within 1 year of the date of the licence in cash or in common shares of Cannapay. Glance will also receive a 50% royalty on the revenue from all sublicences and will receive additional fees for any development work required for customization and operation of the Cannapay payment platform. In conjunction with the first two payments under the licence agreement, Glance will purchase an aggregate of 8,000,000 common shares of Cannapay at a price of $0.05 per share for a total investment of $400,000, with the result that Glance will own approximately 48% of Cannapay, and Cannapay will be treated as a non-controlled partially owned subsidiary over which Glance exerts significant influence. Separate financial statements for Cannapay will be maintained in accordance with IAS28.

On May 31, 2017, Glance and Cannapay closed the first tranche of the licence agreement through the payment by Cannapay of the initial development fee of $100,000 and initial licence fee of $100,000, and the purchase by Glance of 4,000,000 common shares of Cannapay at a price of $0.05 per share.

Fees from the licence agreement will be recorded in Glance’s financial statements as a related party transaction, as Penny Green is a director and President of both Glance and Cannapay.

About Cannapay Financial Inc.

Cannapay combines traditional financial service with innovative technology to provide enhanced digital financial services to legally operating businesses in the marijuana industry. The Company is also developing a mobile payment app that will allow users to order products from their smart phones, tablets or computer and have marijuana products delivered to their physical location in compliance with local rules and regulations.

About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies’ website
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: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through Glance's profile on SEDAR at www.sed

For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
SOURCE Glance Technologies Inc.

 

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Glance Pay Signs The Donnelly Group, a Dominant Hospitality Chain With 20 Locations in Vancouver and Toronto


VANCOUVER, BRITISH COLUMBIA--(June 1, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce that Glance Pay, its mobile payment solution for merchants, has signed with one of Canada's leading hospitality companies, The Donnelly Group. The Donnelly Group is an award-winning hospitality company, operating in both Vancouver and Toronto.

"The Donnelly Group understands what instills our competitive advantages and mobile payments, well done, is simply a demand of the times. We are excited to partner with Glance Pay and provide a mobile payment solution," says Reid Ogdon, VP Operations, The Donnelly Group.

"When you look at popular culture today, The Donnelly Group sets the stage for innovation and a remarkable foresight to give guests an incredible experience at each of their venues. Leading the industry, with over eighteen years in business, Glance Pay is extremely proud to work with The Donnelly Group and speak to their core values of providing guests with a superior product, service, design and community with a collaborative approach. The Glance Pay solution aligns with these important ideals," says Desmond Griffin, CEO, Glance.

About The Donnelly Group

The Donnelly Group is an award winning and diversified hospitality company, operating in both Vancouver and Toronto, with continued expansion plans to grow in the coming months. The Donnelly Group establishments include Vancouver's Cinema Public House, The Lamplighter Public House, Library Square Public House, Tavern, The Bimini Public House, The Blackbird Public House, The Butcher & Bullock, The New Oxford, The Three Brits, The Railway Stage & Beer Cafe, Clough Club, Granville Room, Royal Dinette and six Barber & Co locations, along with Belfast Love and Gift Shop in Toronto. The ethos of the company is to inspire modern pub culture - be true to yourself and your neighbourhood; the people will follow.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager app, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

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: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.

For more information about Glance, please go to Glance Technologies' website


For more information, contact:
Christina Rao
Vice President, Investor Relations
+1-(604)-723-7480
investors@glancepay.com
SOURCE Glance Technologies Inc.

 

Glance Named in Top 25 Up & Comers in the Branham300 Annual List of Top Technology Companies in Canada


VANCOUVER, BRITISH COLUMBIA--(05/31/17) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is proud to announce its placing as one of the Top 25 Up and Comers on Branham300's annual list of top technology companies in Canada. The Branham300 is one of the most widely referenced and comprehensive listing of top publically traded and privately held organizations operating in the Canadian Information and Communication Technology (ICT) industry.

"Glance is honored to be part of the top 25 most promising tech companies across Canada making an impact through their early successes, creativity, and innovation," says Glance CEO Desmond Griffin. "It is inspiring to be recognized for our efforts disrupting payments and rewards in the restaurant and retail sectors."

"I am again impressed by the performance of Canada's technology community. The sector has set another revenue record, as measured by our Top 250 ranking of Canadian companies, and the younger companies that comprise our Top 25 Up and Comer list show great promise and will help build our innovation economy," said Wayne Gudbranson, CEO of Branham Group. "The companies that comprise the Branham300 have a lot of reasons to be proud."

As Glance expands and scales up its innovative technology for settling bills, tracking expenses, and providing loyalty programs, it is motivated by this latest award to continue to revolutionize the restaurant & retail industries. With recent announcements of zero fraud history, mobile order capabilities, remote payment applications, and new ventures in social media marketing services, events, and retail payments, Glance is continuing its rise in adoption by merchants and trajectory as a recognized mobile payment solution in North American markets.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies' website.

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 including the completion of the rights offering (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.

Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com


Source: Glance Technologies Inc.

 

Glance Enters Marijuana Fintech Market With $1,000,000 Licence to Cannapay Financial Inc.


VANCOUVER, BRITISH COLUMBIA--(05/30/17) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce that it is has agreed to license its mobile payment technology to Cannapay Financial Inc. for $1,000,000, marking Glance's entry into the legal marijuana market.

"As Canada progresses towards legalization of marijuana, a multi-billion dollar industry in need of financial services is emerging," says Desmond Griffin, CEO of Glance. "Cannapay Financial's technology licence from Glance will allow it to bring marijuana industry payments into the digital age by providing a wide variety of Fintech solutions to all levels of the marijuana business, from suppliers to customers. This is inline with our strategy to monetize our robust and constantly advancing technology platform through strategic alliances to address markets that are not on our near term operational roadmap. This deal allows our shareholders to benefit from both significant ongoing revenue as well as equity upside in this exciting space."

Pursuant to the licence agreement, Glance will grant to Cannapay a non-exclusive, worldwide licence to white label Glance's mobile payment processing platform and its proven anti-fraud technology, for legal business to business and business to consumer mobile payments in the marijuana industry. The licence will have an initial term of 10 years and will be renewable for two additional 10 year periods. As consideration for the licence, Cannapay will pay to Glance an initial fee of $1,000,000, payable in two payments of $200,000 each in cash and a third payment of $600,000 in cash or in common shares of Cannapay due within 3 years of signing the licence agreement, with the exception that if Cannapay completes an IPO at a price per offered security of $0.25 or higher, Cannapay will issue to Glance, contemporaneously with closing the IPO at a price per security equal to the price per security under the IPO, as many voting shares in payment towards the $600,000 fee as results in Glance holding, in the aggregate, a maximum of 49% of Cannapay's issued and outstanding voting shares immediately after closing the IPO. Any outstanding amounts to bring the full payment to $600,000 will be due and payable within 3 years of the date of the licence in cash or in common shares of Cannapay. Glance will also receive a 50% royalty on the revenue from all sublicences and will receive additional fees for any development work required for customization and operation of the Cannapay payment platform. In conjunction with the first two payments under the licence agreement, Glance will purchase an aggregate of 8,000,000 common shares of Cannapay at a price of $0.05 per share for a total investment of $400,000, with the result that Glance will own approximately 48% of Cannapay, and Cannapay will be treated as a non-controlled partially owned subsidiary over which Glance exerts significant influence. Separate financial statements for Cannapay will be maintained in accordance with IAS28.

According to a recent study disclosed in the Toronto Star, legalized recreational marijuana promises to spark a $22.6 billion industry in Canada, eclipsing combined sales of beer, wine and spirits. According to Business Insider, the legal weed market is growing as fast as broadband Internet in the 2000s with an annual projected growth rate of 25% through 2021.

Fees from the licence agreement will be recorded in Glance's financial statements as a related party transaction, as Penny Green is a director and President of both Glance and Cannapay.

About Cannapay Financial Inc.

Cannapay combines traditional financial service with innovative technology to provide enhanced digital financial services to legally operating businesses in the marijuana industry. The Company is also developing a mobile payment app that will allow users to order products from their smart phones, tablets or computer and have marijuana products delivered to their physical location in compliance with local rules and regulations.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies' website.

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 including the completion of the rights offering (collectively "forward- looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.


For more information, contact:
Christina Rao
Vice President, Investor Relations
+1-(604)-723-7480
investors@glancepay.com

SOURCE Glance Technologies Inc.

 

Glance Increases Key Customer Engagement Metric by 700% in 4 Months


VANCOUVER, BRITISH COLUMBIA--(05/24/17) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is proud to announce the success of its Social Media Marketing Services in helping restaurants to grow sales through increased customer engagement and expanding one restaurant's social media following by over 700%.

Over a 4-month period, the Glance Pay Social Media Marketing Services team worked with Blue Martini Jazz Cafe in Vancouver, B.C. to increase exposure, follower count, awareness and engagement on Blue Martini's social network properties including Instagram, while leveraging the Glance Pay user base and tying in social media contests with the Glance Pay App.

As a result, Blue Martini experienced an increase in Instagram followers from 240 to 1720, which translates to growth of more than 700%. In addition, average likes per post increased by 59 per picture and today stands at 122 likes per picture. SEO services over this same period increased the rankings for Blue Martini in keyword searches that are relevant to their target market.

"Our Glance Pay Social Media Marketing Services are just one of the many effective and affordable ways that Glance Pay can help our restaurants and partners," states CEO Desmond Griffin, "These additional premium solutions and services like our mobile payment and rewards app help our partners build brand awareness, exposure, and repeat sales through increased customer engagement. Staff at Blue Martini reported that during this same period, traditionally a slower period for restaurants, customer visits and sales remained unusually high and represented an increase over previous years."

Glance Pay's restaurant partners are engaging the company for its Social Media Marketing Services in increasing numbers. To learn more about Glance Pay's Exclusive Social Media Marketing Services and to request a case study on how Glance Pay can help you increase sales by increasing customer engagement contact Marketing@GlancePay.com.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies' website

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.

Glance Technologies Inc.
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
www.glance.tech


Source: Glance Technologies Inc.

 

Glance Pay Announces Its Technology has Eliminated Fraud Over A 5 Month Period


VANCOUVER, BRITISH COLUMBIA--(05/17/17) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is proud to announce a milestone for its fraud prevention technology: since Glance integrated the current version of its fraud prevention technology into the Glance Pay App 5 months ago, its platform has experienced zero fraud across its 78 live locations.

In contrast, according to the New York Times, during the initial months after Apple Pay's launch merchants experienced approximately 6% fraud - in other words, 6% of payments conducted via Apple Pay were fraudulent and the merchants suffered the losses.

"We are extremely pleased with the performance of our fraud prevention technology. It is beyond our highest expectations. We believe that our fraud prevention innovations have broad applications for virtually all non-chip & PIN payment scenarios and may be our largest asset to date," says Glance CEO Desmond Griffin, "Our fraud prevention technology is a core part of the Glance Pay platform, including our Glance Pay Anywhere technology, and may be applied to a wide variety of scenarios to help protect merchants from fraud."

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website.

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.

Glance Technologies Inc.
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com


Source: Glance Technologies Inc.

 

Glance to Access Fortune 500 Companies Through Appointment of Former IBM and Bell Canada Executive


VANCOUVER, BRITISH COLUMBIA--(05/12/17) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), announces that it has appointed Debra Williams, based in Toronto, Ontario, as a consultant to its Strategic Advisory Board.

"I am very excited and honoured to have the opportunity to work with the outstanding leadership team and board members of Glance to continue the rapid development and adoption of a game changing, innovative payment system," says Debra Williams. "Glance Pay has a tremendous opportunity as an early adopter to capture leading market share and loyalty with its users."

Debra is a Digital Transformation Executive Strategist who worked formerly with IBM's North American executive staff, helping the world's most successful companies adopt and execute next generation innovative solutions focusing on enhancing customer experience and engagement. Ms. Williams initially joined IBM as a member of their Global Business Services team responsible for building and leading their National Strategy Practice focusing on client transformation surrounding big data, analytics and optimization. Ms. Williams is an industry thought leader in retail, communications, media and entertainment that has held several senior executive positions with leading technology firms such as Vice President of Teradata (NYSE:TDC), Director of Professional Services North America of MicroStrategy (NASDAQ:NSTR), Director for Professional Strategic Consulting Services of Bell Canada, and Director of National Business Development and later Director of National Strategic Accounts of Rogers Communications. In 2006, she co-founded SeaBlue Inc., a technology strategy consulting firm, building on her business, technology and industry strength along with her extensive high profile client base and team of elite industry consultants providing thought leadership, technical advisory services and strategy execution driving real business outcomes utilizing the breadth of the extensive innovative solutions in the market.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to: Glance Technology's website

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.

Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com


Source: Glance Technologies Inc.

 

Glance Technologies Announces Closing of Private Placement


VANCOUVER, BRITISH COLUMBIA--(05/02/17) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), announces that in addition to the closing of its rights offering on April 27, 2017 and the first tranche of its private placement on April 28, 2017, it has closed the second tranche of its private placement by issuing an additional 250,000 units ("Units") at a price of $0.20 per Unit, for aggregate gross proceeds from the private placement and rights offering of $1,866,104 from the issuance of 9,330,520 Units.

Each Unit consists of one common share and one common share purchase warrant, with each warrant exercisable into one common share at a price of $0.23 per share for the first 6 months and $0.25 thereafter until the warrants expire 24 months from the issuance date of the Units.

The proceeds of the private placement will be used primarily towards further development of the Glance Pay app's features, marketing, and sales.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies' website

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 including the completion of the rights offering (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.

Glance Technologies Inc.
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
www.glance.tech


Source: Glance Technologies Inc.

 

GLANCE TECHNOLOGIES ANNOUNCES JOINT VENTURE TARGETING MOBILE PAYMENT APP FOR CHINESE TOURISTS


VANCOUVER, BRITISH COLUMBIA--(April 26, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce it has entered into a letter of intent to create an app that will target International Chinese students visiting and residing in North America with a company that founds and finances businesses targeted to Chinese residents in Canada, with its principal shareholder also the largest shareholder and a director of the newest tier 1 bank in Canada.

The parties plan to incorporate a new company which will purchase a license from Glance Technologies to use the Glance Pay payment system into a new mobile payment platform to cater to the growing population of International Chinese students visiting and residing in Canada. Glance Technologies will provide development work to the new company and will be a significant owner of it. The joint venture partner will be responsible for raising sufficient financing for the new venture to create, develop, market and operate the new venture. The new application will be available in Mandarin and English.

Given the exponential growth and integrated adoption of mobile payments in recent years in China and the rise of behemoth mobile payment service giants, such as Alipay, Tenpay, and China Union, it is clear that the ability to pay through mobile applications has become commonplace for Chinese consumers and this is moving beyond China and into spending at overseas destinations, such as Canada and the US. Alipay, China’s top mobile payment service of over 450 million users worldwide, recently surpassed a record high of a billion transactions, of which 71% of these transactions were conducted on a mobile device.

This growth coupled with the acknowledgment of Canada as a fast-growing tourist destination for Chinese visitors, contributing over $1 billion annually to the Canadian economy, and ranked at the 7th most popular academic destination for Chinese students, opens an entirely new market share for Glance to provide its integrated payment technology via the Glance Pay app at Canadian restaurants, retail stores, and merchant services. Glance is looking to market and provide its innovative payment processing app to an increasing population of international Chinese students living and studying in Canada, so students looking for the same ease and convenience of mobile payments already found China can access a similar payment experience right here in Canada.

The parties have entered into a non-binding letter of intent to undertake the joint venture, and are currently negotiating the terms of a definitive agreement.

Sources:
http://news.gc.ca/web/article-en.do?nid=1119889
http://cbie.ca/media/facts-and-figures/
https://www.techinasia.com/china-alipay-more-spending-2016

About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies' website
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
Source:  Glance Technologies Inc.
 

 

Glance Pay's Order from Your Table to Disrupt Restaurant Industry


VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 20, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce its new table ordering capabilities which allow consumers to prepay and order food & drinks directly from their table in restaurants via the Glance Pay app.

"Now with our complete set of features, Glance Pay is positioned to disrupt the restaurant industry as significantly as Uber disrupted the taxi and limousine industry," says Desmond Griffin, Glance's CEO.

Glance Pay will provide restaurant customers with one app that allows them to securely and conveniently:

order & pay for delivery
pre-order & pay for pickup / takeout
order from their table
pay for their meal when they are ready to leave
Anyone who has ever been sitting at a table in a busy pub or restaurant and wanted to order another round of drinks but had trouble getting the wait staff's attention will understand the benefit of being able to quickly and easily order and pay from your table using Glance Pay. Similarly, when visiting favourite lunch spots during busy periods, users often know exactly what they want - thus being able to easily re-order and pay for previous items using Glance Pay can save time and hassle, and lets users leave as soon as they are ready to go without waiting for a paper bill or a card machine to pay. And of course, the same great rewards and automatic digital receipts are available when using Glance Pay.

Some airports in North America have invested millions of dollars to outfit a few of their restaurants with iPads at each seat to allow guests to order and pay from their table.1 It has been estimated that people order up to 30% more due to the ability to self order.2 But these bulky iPads at each seat are extremely costly to run, do not remember user preferences, take up enormous table space, and ruin the dining experience by obstructing customers' view of their dining partners. People already have the latest mobile technology with them - their mobile phones - which allows Glance to provide a fantastic and cost effective ordering experience at any restaurant.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website: glancepay.com

Glance Technologies Inc.
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com

Source: Glance Technologies Inc.

 

Glance Technologies Appoints Former VP of Cisco Systems, Inc. to Board of Directors


VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce the appointment of Mr. Larry Timlick to its board of directors as of April 18th, 2017.

Mr. Timlick, a leading high performance sales executive, was formerly a Vice President of Cisco Systems, Inc. (NASDAQ:CSCO), a worldwide technology leader with a market cap of over US$163 billion and annual revenues of US$48.7 billion in fiscal 2016. Mr. Timlick has worked as Regional Sales Leader, Western Canada, for Arista Networks, Inc. (NYSE:ANET), was a Director, Networking Sales, Canada and later Vice-President, Western Canada, for Avaya Inc., and has acted as a board member of Elevation Capital Corp. (TSXV:ELE.P), CounterPath Corporation (NASDAQ:CPAH), and Para Resources Inc. (TSXV:PBR).

"I look forward to working with the outstanding management team and board members of Glance to create the next generation value added payment system for the retail space," says Larry Timlick, "Glance Pay has the opportunity to be the leader in this fast moving market place."

Larry is a creative and results driven senior sales executive with a record of accomplishments leading high performance sales organizations, growing market share, developing effective partner channels, and managing geographically distributed operations. From 1991 to 2004, Mr. Timlick worked for Cisco Systems, initially as the first Cisco employee in Western Canada, then later as the Manager, Western Region, where he more than doubled Cisco's market share in all Enterprise and Service Provider accounts and opened offices in Winnipeg, Edmonton and Calgary, and finally as Regional Vice President, TELUS Region. Cisco enables people to make powerful connections, whether in business, education, philanthropy, or creativity. Cisco hardware, software, and service offerings are used to create the Internet solutions that make networks possible, providing easy access to information anywhere, at any time.

As a director of Glance, Mr. Timlick will apply his outstanding strategic planning skills and experience with high-growth developing companies to assist Glance in its continued expansion and organizational development.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle bills, access payment records and interact with merchants. Glance Pay intends to become the industry standard as one of the four pillars of payments, beside credit cards, debit cards and cash. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager app, an internal customer service app, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website

For more information, contact:
Christina Rao
Vice President, Investor Relations
+1(604)723-7480
christina@glancepay.com
SOURCE Glance Technologies Inc.

 

Glance Pay Announces Entry into Mobile Order-ahead Market



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 18, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce its upcoming mobile order-ahead capabilities which will allow customers to instantly order for pick-up off the menu of participating restaurants and pay instantly on their mobile device.

Anyone who has ever stopped by their favourite cafe to pick up a morning cappuccino and saw a long line at the counter will understand the relief of being able to simply pre-order and pre-pay for their bill through their own mobile device. This ability to cut the line and pay directly with a mobile phone is catching like wildfire. With the rise of mobile order-ahead apps tailored specifically for chains such as Taco Bell, and Starbucks' order for pick-up mobile app, current evaluations of the mobile order-ahead market are estimated at $38 billion by 2020, and will account for 10.7% of the quick-serve industry sales alone. Already, Starbucks' mobile in-app orders represents 10% of total orders at high-volume stores. Similarly, ordering dinner for takeout at customers' favourite restaurants is often a repetitive affair where customers usually call in to order the same items every time and wait in line to pay when they pick up their food. With Glance Pay's order-ahead capabilities, users can select from previous orders then simply walk in and grab their food without dealing with payment in the restaurant.

"This is another natural evolution of our platform which allows us to continue to leverage our growing network of merchants and consumers," says Desmond Griffin, Glance's Chief Executive Officer, "We're providing restaurants with a complete product for their entire ordering, payment, and loyalty needs that meets the new standard for services at restaurants that consumers have come to expect."

With Glance's singular, frictionless mobile order-ahead app, any restaurant or business can offer their customers more than just an in-store experience by tapping into the popularity of pre-ordering with digital expediency and security in mind. People already have the latest technology, their mobile phone, with them, which allows Glance to provide a fantastic ordering experience at any restaurant without restaurants having to create an entire mobile application of their own. As Glance continues to scale and expand its innovative technology throughout the restaurant industry, users can continue to benefit from great rewards, automatic digital receipt tracking, and exclusive promotions.

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, pre-order, order for delivery, 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. Glance is building a valuable network of merchants and consumers, to which it plans to expand its service offering over time. For more information about Glance, please go to Glance Technology's website.

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 referring to estimates of the future size of the mobile order-ahead market and the success of Glance's mobile order-ahead app are forward looking and may not 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 this press release.

For more information, contact:
Christina Rao
Vice President, Investor Relations
+1-(604)-723-7480
christina@glancepay.com
SOURCE Glance Technologies Inc.

 

GLANCE PAY ANNOUNCES ‘GLANCE PAY ANYWHERE’ for Mobile App Targeted at $600 Billion Dollar Market



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 12, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce the launch of ‘Glance Pay Anywhere’, a new technology which enables Glance Pay merchant partners to send bills to customers anywhere, and securely receive remote payments from anywhere via the Glance Pay App. Glance Pay Anywhere can be used by virtually any merchant or service provider such as restaurants, retail stores, private and health clubs, entertainment venues, hotels, law firms, accounting firms, musicians and landlords - making the potential market for this product well north of $600 billion (CAD).

In the restaurant space, ‘Glance Pay Anywhere’ is perfect for deposit payments for large groups, payments for catering, or payments for large corporate orders – all of which are areas that Glance Pay’s restaurant partners have been requesting a solution for. Merchants can quickly and easily send bills and a payment requests via Glance Pay Anywhere. Consumers are instantly notified of the pending payment request and can confirm & pay remotely with one tap of the finger using the Glance Pay app while still earning great rewards and receiving real time digital receipts. Additionally, consumers no longer have to share their payment details with a variety of merchants in an insecure manner (such as giving payment information out during a phone call), and instead can rely on a much more secure payment environment.

While this technology will significantly improve Glance’s current offering within the $600 billion dollar restaurant industry, the technology is actually a universal payment system with far reaching applications. A wide variety of merchants will benefit from a fast, secure, low cost, anti-fraud payment technology that allows them to instantly send bills and receive payment remotely. Small-to-medium sized business owners currently struggle to deal with the high fraud and high processing rates surrounding phone-based orders. This also eases payment collection when billing for services that are provided remotely or are billed after the fact.

“We believe this new enhancement is highly disruptive and is another example of how we can leverage our existing technology to address new markets by adding unique innovations to our robust platform,” says Glance CEO Desmond Griffin, “We are very excited about the potential of this product and the early response to it. It is difficult to calculate how large the market for this product is as it has such wide ranging applications.”

In the past month Glance Pay went live in Ricky’s all Day Grill in Victoria, a franchise within a 70 location chain spread across Western and Central Canada. Encompassed within Glance’s alliances are two well-known chains, MR MIKES Steakhouse Casual and Famoso Neopolitan Pizzeria, which include 61 locations combined. With prospective meetings and current negotiations, Glance has engaged with more than 20 Canadian restaurant chains and has a sales pipeline of over 500 restaurants expressing interest and at various stages of Glance’s sales proposal process. Management estimates that the 140 restaurants signed do combined revenues of over $200,000,000.

Glance Pay’s 2017 revenue strategy and portfolio now include processing fees for mobile payment transactions, a monthly fee package, in app marketing, digital marketing solutions, customer intelligence and feedback, and social media promotions. Additionally, as a result of its multi-faceted revenue strategy, Glance has entered into reseller agreements with firms such as Global Payment Solutions (NYSE:GPN) to be able to provide services that compliment its core mobile payment offering, and leverage the key relationships built via Glance Pay.

About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle bills, access payment records and interact with merchants. Glance Pay intends to become the industry standard as one of the four pillars of payments, beside credit cards, debit cards and cash. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager app, an internal customer service app, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
christina@glancepay.com
 

Source:  Glance Technologies Inc.

 

Glance Pay Enters $5 Trillion Dollar Retail Market



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 10, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce the entry of its leading edge payment and rewards system, Glance Pay, into the enormous retail market. By launching Glance Pay in Vancouver with Juice Salon, Glance has demonstrated the flexibility and universality of their payment and rewards system and the ability of the platform to be leveraged into other verticals. In addition to restaurants, the technology is applicable to virtually any retail or service payment environment, from clothing retailers, to salons, to legal offices and beyond. The similarities of the needs and payment experience between the retail environment and quick serve restaurants are clear. Just as with restaurants, consumers in a retail or service environment benefit from fast, easy, secure payments with rewards and automatic electronic receipts. Retailers similarly benefit by providing a superior payment experience to their customers while encouraging repeat business through rewards, as well as opening another communication channel with their customers.

Quickly becoming a leader in mobile payments in Canada, and soon into the US, Glance Pay is now positioned to operate within the massive North American retail market, with total retail sales in North America expected to surpass $5 trillion (US) in 2016, with this trajectory only expected to continue (sources: eMarketer 2015, Franchise Help, Statista, IBISWorld 2015). This, in combination with the over $600 billion dollar (CAD) North American restaurant industry, makes for a very large potential market for Glance Pay's product offerings.

"We are thrilled to be able to further demonstrate the power and universality of our payment and reward platform. Our users can now quickly and securely use Glance Pay while getting their morning coffee, getting ready for a big event at a salon, and having a night out on the town, all while earning great rewards," says Penny Green, President & COO. "As we continue to add retailers, restaurants, and service providers to our platform, physical wallets are quickly becoming obsolete."

Glance is excited to offer a complete mobile payment experience for any service that provides a bill payment. Unlike the varied and cumbersome experience of using a payment application for each singular business, such as the Starbucks mobile app, Glance Pay provides a fast, streamlined payment service in addition to curated restaurant discovery, automatic dining rewards, and on-going promotions. Users can now use the Glance Pay app for their everyday purchases with Glance Pay's ability to penetrate entire neighbourhoods with a singular mobile payment opportunity.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle bills, access payment records and interact with merchants. Glance Pay intends to become the industry standard as one of the four pillars of payments, beside credit cards, debit cards and cash. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, 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, a merchant manager app, an internal customer service app, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website.

The Canadian Securities Exchange has not approved or disapproved of the contents of this press release.

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 referring to Glance's planned expansion in the United States and Canada, and the statement that Glance will expand its reach in the United States 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.

Glance Technologies Inc.
Christina Rao
Vice President, Investor Relations
(604) 723-7480
christina@glancepay.com
www.glance.tech

Source:  Glance Technologies Inc.

 

Glance Pay Makes Entry Into Growing $215 Billion Dollar North American Food Delivery Market



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 6, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce that it is leveraging its technology, consumer base, and restaurant relationships to move into the online food delivery market by partnering with Daily Delivery for delivery logistics.

Online food delivery is a rapidly growing market within a $600 billion dollar (USD) restaurant industry. Currently disrupting traditional forms of delivery due to the rise of popular mobile ordering, the US food delivery market alone accounted for over $210 billion of restaurant revenue in the last year, of which $11 billion was exclusively through online ordering. This combined with the Canadian online food delivery market estimated at $7 billion dollar (CAD), provides Glance with the potential to establish new verticals of revenue and increase customer retention with a singular payment platform.

"We have a large and rapidly growing base of restaurants and consumers combined with what we believe to be the best mobile payment and rewards technology in the market. Adding delivery is a natural extension of our product and provides more value to our customers," says Penny Green, Glance President & COO, "Daily Delivery manages drivers and handles driver logistics for some of the largest online food delivery systems in the world, so they are a perfect compliment to our technology. This is an exciting time in the delivery space with significant acquisitions such as Skip The Dishes ($110 Million CAD) occurring recently. Our rewards, anti-fraud technology, complimentary in restaurant payment technology, growing consumer base, and relationships give us a competitive advantage in this space."

By entering into a strategic agreement with Daily Delivery, an innovative, white-label food delivery service which offers on-demand delivery in under an hour, Glance is providing users a convenient way to pay for delivery from participating Glance restaurants directly within the app. Glance is excited to bring its users more ways to enjoy a meal at their favourite restaurants, whether they choose delivery, dine out, or a quick bite, while still taking advantage of same convenience, security, incentives and automatic rewards on the Glance Pay app.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle bills, access payment records and interact with merchants. Glance Pay intends to become the industry standard as one of the four pillars of payments, beside credit cards, debit cards and cash. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, 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, a merchant manager app, an internal customer service app, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website.

Glance Technologies Inc.
Christina Rao
Vice President, Investor Relations
(604) 723-7480
christina@glancepay.com
www.glance.tech

Source: Glance Technologies Inc.

 

Glance Technologies Announces Expansion across Canada with Ten Restaurants signed in the past week, over 140 signed and 500 expressing Interest



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), is pleased to announce it has signed 10 new restaurants over the past week in several provinces, for a total of over 140 signed, and it now has 71 locations live across major cities in Canada such as Vancouver, Toronto, Edmonton and Victoria.

In the past month Glance Pay went live in numerous locations. Newly launched restaurant Ricky's all Day Grill in Victoria is a franchise within a 70 location chain spread across Western and Central Canada. In addition, within the downtown area of Canada's largest city, Glance Pay has launched some strategic and well-known restaurants, such as The Good Son and Caren's Rosedale, and in Vancouver, well known spots The Naam Restaurant, Urban Sushi and Elwood's are now live.

Glance Pay's movement into the quick-serve market has begun with the launch of Willow Café in Vancouver. Willow Café can now offer a quick payment app with an automatic rewards program, enabling it to compete with the larger coffee chains and quick-serve locations that have invested heavily in their own custom apps, like Starbucks and Tim Hortons. As sales expand to include more quick-serve locations, Glance Pay anticipates that it will provide many small and medium size locations a competitive edge by allowing them to offer the latest digital experience to their customers.

"Our fast expansion across Canada over the past few months is enabled by the ease of distributing and scaling our current payment technology," says Penny Green, Glance President & COO, "Glance Pay works well for any style of restaurant or quick-serve, regardless of location and environment."

Encompassed within Glance's alliances are two well-known chains, MR MIKES Steakhouse Casual and Famoso Neopolitan Pizzeria, which include 61 locations combined. With prospective meetings and current negotiations, Glance has engaged with more than 20 Canadian restaurant chains and has a sales pipeline of of over 500 restaurants expressing interest and at various stages of Glance's sales proposal process. Prospective chains account for 50% of Glance's prospective sales pipeline. The remaining 50% is composed of popular, award-winning and new-concept restaurants. Many of these restaurant chains have subsidiaries in the U.S. and therefore align perfectly with Glance's plan for expansion into the U.S.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle bills, access payment records and interact with merchants. Glance Pay intends to become the industry standard as one of the four pillars of payments, beside credit cards, debit cards and cash. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, 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, a merchant manager app, an internal customer service app, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technology's website.

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. Specially, statements about the number of restaurants that Glance plans to sign up and launch over the next year and becoming the largest mobile payment app for 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.

Christina Rao
Vice President, Investor Relations
(604) 723-7480
christina@glancepay.com

Source: Glance Technologies Inc.

 

Glance Announces Filing of Provisional Patent and Launch of Mobile App for Quick-Serve Restaurants



VANCOUVER, BRITISH COLUMBIA--(March 27, 2017) - Glance Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN) (FRANKFURT:GJT), which offers Glance Pay, the trailblazing mobile payment solution for full-service restaurants, announces it has filed a provisional patent for its latest invention, the Glance Pay payment application for quick-serve and fast casual restaurants (including fast food, juice bars and cafés) and has successfully launched its quick-serve payment app at a café in Vancouver, British Columbia.

“We are very excited to be able to offer what we believe is the best mobile payment and rewards app in the quick-serve industry,” says Glance CEO Desmond Griffin, “Our app enables merchants of any size to provide a service, which we believe is superior to similar offerings from major chains such as Starbucks, without having to make large investments in technology, while also leveraging Glance’s rapidly growing consumer base.”

With this invention, a user opens the app at a till, the amount due appears in the app and the user selects the tip and clicks to pay. Management believes the Glance Pay quick-serve payment app is more convenient than the Starbucks app because Glance Pay does not require the user to pre-load a card and because Glance Pay’s payment mechanism does not require scanning of the user’s mobile device. Glance Pay offers advantages over the tap method of payment by creating a network between users and retailers, offering rewards, and providing the support of Glance’s targeted marketing designed to attract more regular customers, increase visits and purchases from regular customers and bring in new customers.

Answering the rising demand for improved expediency and efficiency for consumers at quick-service restaurants, Glance is expanding its mobile applications through vertical growth in the payment technology market, and positioning itself towards partnership opportunities with larger restaurant chains across North America. With the development of a universal quick-serve payment app, Glance is quickly establishing itself as a major player in the growing market for mobile payment technologies and providing a competitive advantage over large chain quick-serve payment applications, such as Starbucks’ mobile app.

Glance is now in talks with several reseller groups to target restaurant and quick-serve chains across Canada. Glance Pay is now live at sit down restaurants in British Columbia, Alberta and Ontario and is currently planning its expansion into the United States.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, settle restaurant bills, access payment records and interact with 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. Glance is building a valuable network of restaurants and consumers, and offers targeted in app marketing, customer feedback, in restaurant messaging and custom rewards programs for restaurants. Glance Technologies is committed to improving the user experience through continuous creative innovation and new product development.

For more information about Glance, please go to Glance Technology's website, or contact:

Christina Rao
Vice President, Investor Relations
(604) 723-7480

investors@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 including expansion into the United States (collectively "forward- looking information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 information as a result of various factors. The reader is referred to Glance’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.

Source: Glance Technologies Inc.

 

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About Glance Technologies Inc.:


Glance Pay Mobile Payment App is a secure, simple and intelligent way to pay your restaurant bill. Gone are the days of reaching to find your credit card in a restaurant and waiting for the server to come back to your table only to leave again to get you a credit card machine.
Like all of our future mobile payment applications by Glance Technologies, our first mobile payment platform for restaurants Glance Pay has been engineered with security and ease of usage in mind. Glance Pay Mobile Payment App technology boasts state of the art capabilities. Its accounting features are designed for easy record keeping for both restaurants and users alike.

Glance Pay users can access directly from inside the app their records, receipts and rewards. Receipts can be easily emailed to an accountant or bookkeeper when needed. Glance Pay provides advanced tools to restaurants and customers for fraud mitigation.

By allowing customers to store all of their payment information in one secure location, our Glance Pay mobile payment platform decreases the risk of fraud to consumers while increasing customer satisfaction, speed and convenience.

Glance Technologies Inc. is led by a management team that has decades of proven experience in mobile payments, finance, legal, programming, marketing, design and restaurant operations and training.
Glance Technologies' CEO Desmond Griffin, co-founded the leading mobile parking payment application known as PayByPhone which is now available in major cities across Canada, the United States, and Europe.

Glance Technologies' management team is poised to bring the same speed, convenience, customer service and profitability that results from mobile payment platforms to the multibillion dollar restaurant industry.

Our Team

Desmond Griffin, CFA
CEO & Founder
Desmond co-founded PayByPhone (formerly Verrus Mobile Technologies) and was its CEO from inception through to a successful exit, during which time PayByPhone went from a concept to a platform processing tens of millions of mobile payments annually for millions of consumers in over 100 cities around the world. Desmond is an active advisor to early stage technology companies. He holds a Bachelors of Business Administration degree from Simon Fraser University and holds the Chartered Financial Analyst designation.

Penny Green, LLB
COO & Co-Founder
Penny has 20 years of experience as a business founder, entrepreneur and lawyer. She is the founder and CEO of Bacchus Law Corporation, which in 2015 was named in Profit Magazine’s list of the top 500 fastest growing companies. Penny was a co-founder and a director and officer for two years of Merus Labs International Inc. (TSX:MSL, NASDAQ: MSLI), a specialty pharmaceutical company which now does approximately $32 million in annual EBITDA. Penny has been ranked #61 by PROFIT Magazine’s 13th annual W100 list of top Canadian female entrepreneurs. Penny was one of five national finalists for the 2012 Royal Bank of Canada Award for Excellence in Entrepreneurship.

Peter Haggarty, MBA
CMO
Peter has been the Director of Sales & Marketing, Shaftebury Brewing Company Ltd. and Director of Marketing, Cactus Restaurants. Peter was responsible for leading the executive team of the Elephant & Castle Restaurant chain in its rebranding process that resulted in a 10% increase in sales and a $26 million buyout. As President of ROMD Marketing & Design Inc., Peter has been responsible for clients that have included the Grey Cup Festival 2009, 2011 and 2014, Verrus Mobile Technologies (now PayByPhone), and more. Peter has a Political Science degree from Western University, a diploma in Broadcast Journalism from Fanshawe College, and an MBA from Western Washington University.

Laura Gallagher, CA
CFO
Laura is an experienced Chartered Accountant, with a broad range of business knowledge. She has a unique blend of skills, which includes coordinating financial audits across various industries, as well as extensive knowledge of marketing and strategy initiatives. Ms. Gallagher spent four years working as an Auditor at KPMG, where she worked with publicly listed companies, and has been working for Glance as its Vice President of Finance since September 2016.

Angela Griffin, BSc
CTO
Angela has worked as the head software developer of Glance Pay since its inception. Ms. Griffin brings extensive business and software development experience to the company. For the 3 years prior to her appointment as Glance's CTO, Ms. Griffin served as President of Zoink Technologies Inc. Previously Ms. Griffin worked for 8 years at View Assessments Inc. where she started as a developer and ended as Chief Technology Officer. Ms. Griffin holds a Bachelor of Computer Science degree from the University of British Columbia.

Christina Rao
VP Investor Relations
Christina brings extensive business, corporate development and investor relations experience to Glance. She has significant experience with not only rebound bull markets, but more importantly volatile bear markets. Ms. Rao has been executing corporate communications campaigns for various companies for over eight years, as CEO of Ascension Corporate Relations Inc.

James Topham, FCPA, FCA
Director
James is a Fellow Chartered Professional Accountant (FCPA and FCA) specializing in technology companies. James was an audit partner in KPMG’s Technology Group in its Vancouver, B.C. office for 20 years, and currently sits on the boards of several companies. Since 2011, James has sat on the board of Norsat International Inc., since November 2014 he has sat on the board of 3 Tier Logic Inc., and since May 2015 he has been a director of UrtheCast Inc. From 2013 to 2015 he was the chair of the board and audit committee of Epic Fusion Corp., and from 2011 to 2014 he was a board member and audit committee chair of DDS Wireless International.
James was awarded the designation of Fellow Chartered Accountant from the Institute of Chartered Accountants of B.C.

James has a computer science major and a Bachelor of Commerce Degree with Honours from the University of Saskatchewan, from where he graduated as a most distinguished graduate. He was awarded the designation of Fellow Chartered Accountant from the Institute of Chartered Accountants of B.C.

Kirk Herrington
Director
Kirk is an experienced software executive with over 30 years of diversified experience in designing, developing and bringing to market world-class software products and solutions. Recently, Kirk co-founded Connect2Classes, a Discovery Platform for Continuing Education. During his tenure as CTO of Pivotal Corporation, Pivotal was awarded the 2nd fastest growing company in Canada and one of the top-10 fastest growing high- technology companies in North America. Pivotal had over 3,000 clients by the fall of 2002 and Kirk was involved with many of the top customers, particularly those in the financial services sector. Kirk was also a recipient of the prestigious Top 40 under 40 executive award and has a degree in advanced technology management from Simon Fraser University.

How Glance Pay Mobile Payment App works for Users

Download FREE app at GlancePay.com
User selects payment portion, tip amount & confirms payment amount.
User receives confirmation of payment & he/she is notified if restaurant awards have been awarded if applicable.
User can review his/her payments, transaction history & reward history.

How Glance Pay Mobile Payment App works for Restaurants

No set up or cancellation fees.
No system integration or connections required.
Easy activation & training.
Servers & Managers can review transaction details.
Easy automatic accounting & reconciliation.
Quick payment deposits.

Glance Technologies' marketing and design team has over 30 years of combined experience in marketing, design, programming, training and more.
In addition, our team has been formally educated in business and design earning degrees in Electronic Communication and Graphic Design, Sociology, Radio & Television Journalism, and a Master of Business Administration among others.

This diversity of experience gives Glance the ability to identify marketing and design tools that best meet our clients’ needs, budget, effectiveness and quality standards.

Glance's team has extensive experience in developing and implementing brand building marketing, design and training tools for a diverse list of business start-ups, packaged goods, internet-based companies and leading restaurant chains.

.SOURCE: http://www.glance.tech/




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