Glance Technologies Inc. (OTCQB: GLNNF) (CSE:GET.CN) News -
August 22, 2017
GLANCE TECHNOLOGIES SIGNS RICKY’S RESTAURANT CHAIN WITH 90 LOCATIONS
VANCOUVER, BRITISH COLUMBIA--(August 22, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to announce that it has entered into an
agreement to offer its mobile payment app for restaurants and merchants, Glance
Pay, at the Ricky’s Group of Family-Style Restaurants,
http://www.gotorickys.com . The Ricky’s
Group currently has 90 locations across Canada and is growing. The 90 locations
are comprised of Ricky’s All Day Grill, Ricky’s Country Restaurant and Ricky’s
Cafe. The same group that owns Ricky’s also owns Fatburger Canada.
“Ricky’s is committed to engaging with industry leading advances and
technologies that will continuously improve our operations and guest experience.
Glance Pay’s mobile payment solution gives Ricky’s the clear advantage in
becoming
even more operationally efficient while respecting both our guests’ time and the
demand for fast and secure mobile payments”, says Stacey Hansson, Senior Vice
President, Ricky’s.
Glance Pay has been growing rapidly since its launch 11 months ago. To date
there are over 230 locations signed up to use the Glance Pay app. The mobile
payments industry is already valued at $5.5 trillion in China and expected to
grow rapidly in North America over the next 3 years as well. Glance is well
positioned to be a leader in mobile payments with a strong presence in Canada
and intentions announced for US expansion.
“We feel it is a true fit to have the well-known Ricky’s Group of Family-Style
Restaurants use Glance Pay to bring an even better experience to their guests
and their long-standing and growing demographic”, says Glance CEO Desmond
Griffin, “With 100% fraud protection and security, plus many in-app marketing
features, Glance Pay brings a proven focus of added value to both Ricky’s and
their customers.”
Ricky’s Group of Family-Style Restaurants
Ricky’s began as a pancake restaurant in BC in 1960. Since the late 1970s, it
has evolved into a successful restaurant franchise known for big breakfasts,
large portions and extensive menu. Ricky’s All Day Grill is part of the Ricky’s
Group of Family-style Restaurants, with 90 locations across Canada. Frank Di
Benedetto is the CEO/Owner of FDF Brandz, which includes Ricky’s Group of
Family-style Restaurants and Fatburger Canada.
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 manage 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)
and 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, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
SOURCE Glance Technologies Inc.
____________________________
Recent Glance Technologies News:
Glance Technologies Enters Room Service Market in Agreement With Best Western
Plus Sands, Part of Chain of 4,200 Hotels
VANCOUVER, BRITISH COLUMBIA--(August 10, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to announce that it has entered into an
agreement with the Best Western Plus Sands Hotel in downtown Vancouver,
British Columbia to offer Glance Pay Anywhere as a payment feature for hotel
guests who order room service.
The Best Western Plus Sands Hotel, located in English Bay, boasts 120 rooms and
suites and offers dining options from both The Park and the Bayside Lounge, both
of which locations already offer the Glance Pay app as a payment option to
customers. Best Western Hotels & Resorts, originally founded in 1946 as Best
Western Motels, is an award-winning global family of 4,200+ hotels located in
over 100 countries and territories, and offers 10 unique hotel brands.
"Our restaurants offer Glance Pay and we are very happy with the results," says
Eddy Chau, Assistant GM at the Best Western Plus Sands Hotel, "The rewards have
enabled us to build more loyal customers. We've had no fraud or charge backs. We
are excited to implement the anti-fraud and security features of the Glance Pay
app to give our hotel guests a better experience."
Glance Pay Anywhere allows consumers and merchants to initiate and complete a
payment from any location all on their phone. The agreement allows patrons of
the hotel to pay for their room service using the Glance Pay app, giving
customers better control over room services charges and providing users with an
itemized digital receipt of their room service orders, while providing the hotel
the convenience and anti-fraud protection afforded by the app. Customers of Best
Western Plus Sands Hotel will be able to earn rewards cumulatively with room
service and restaurant charges made through 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, order food and
drink, settle bills, access digital receipts, earn great rewards and 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 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.
____________________________
Recent Glance Technologies News:
GLANCE PAY FOLLOWS IN ALIPAY’S $1.7 TRILLION FOOTSTEPS WITH USER INITIATED
PAYMENTS
VANCOUVER, BRITISH COLUMBIA--(August 2, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to announce a new version of Glance Pay Anywhere
which allows users to initiate and send payments to merchants from anywhere.
This new version, combined with its previously announced versions, now positions
Glance Pay to be able to provide payment services that are similar to the ones
exploding in China. Additionally, these features offer merchants similar
capabilities to those that have been highly successful for companies like Square
(market cap $10 Billion USD), but without requiring merchants to pay for custom
hardware.
According to a report released by the UN-based Better Than Cash Alliance, users
sent $1.7 trillion in total payments through Alibaba’s Alipay service last year,
up from only $70 billion in 2012; Tencent’s WeChat users sent about $1.2
trillion in 2016, up from $11.6 billion in 2012.
In China, users of AliPay and WeChat Pay generally indicate which merchant they
want to pay (often by scanning a merchant’s QR code) and then how much they
would like to pay that merchant. The merchant receives the payment confirmation,
usually via their mobile phone. Merchants may also request payment after a user
has given the merchant their unique payment ID, usually via scanning a QR code
from the user’s screen. This new Glance Pay version means that users will
similarly allow either consumers or merchants to initiate a payment, but uses
micro location sensing technologies and / or image recognition instead QR codes,
making the process that much easier. Additionally, Glance customers gain access
to sought after automatic rewards, promotions, and special events, which builds
a lasting relationship with their preferred merchants.
“Allowing users to easily and quickly send payments to any merchant on our
platform from anywhere opens up payment situations similar to those that have
taken China by storm,” say Glance CEO Desmond Griffin, “And by combining this
with our previous enhancements for merchants to request and accept payments,
this also positions us to address markets in which companies such as Square have
had tremendous success. However, our merchants can be up and running very
quickly without requiring custom costly and cumbersome hardware – merchants can
just use their existing mobile phones or tablets, while still benefiting from of
our secure proprietary anti-fraud technology.”
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
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.
SOURCE Glance Technologies Inc.
Glance Pay Announces
Accelerated Expansion - Live in 4 Provinces in August & Kicks Off Marketing
Efforts in the US
VANCOUVER, BRITISH COLUMBIA--(July 31, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to announce its strategic expansion across
Canada and accelerated sales efforts. The Glance Pay app is now live in
restaurants across British Columbia, Alberta, Saskatchewan and Ontario with set
dates to launch 2 additional restaurants in Alberta soon. The app is now live in
4 provinces, all within 10 months of its launch last September. The Glance Pay
app is now available in both the Canadian and US app stores to residents
throughout both countries.
Glance’s continuing growth is supported by full sales and implementation teams
in both Vancouver and Toronto and it has successfully launched locations across
Canada with its proprietary Remote Launch innovations. Glance previously
announced positive growth in gross revenues and the latest territory it intends
to permeate, Toronto. Now it has engaged the firm Blue Panda Digital Inc., a
firm that specializes in lead generation and business development with a social
media, digital and email marketing component. Blue Panda is a modernized
approach to sales and marketing for a new generation of business.
What’s Next?
Glance is continuing to formulate strategic marketing and business development
campaigns with a focus to launch operations in the US with positive impact, and
is beginning to implement strategic campaigns to sign US merchants. “As our
product offering and value proposition has expanded, it makes sense to add
external resources to accelerate our sales efforts. We have some very exciting
things in store,” says CEO Desmond Griffin, “We have been working on innovations
to our merchant technology that will allow us to scale up in a significant
manner in a way which will allow us to grow at a faster rate.”
Additionally, Glance has added a new business development and account manager in
Vancouver and new sales reps in Toronto. Management believes that added team
members and using outsourced sales resources will help Glance to scale its
efforts more quickly.
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 the Glance's
profile on SEDAR at www.sedar.com.
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
Source: Glance Technologies Inc.
Glance Pay Expands Locations
and Increases Rate of Consumer Acquisition by 800% in Toronto
VANCOUVER, BRITISH COLUMBIA--(July 20, 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 continued its Toronto expansion with a highly
respected Toronto based chain.
The popular vegan and vegetarian chain, Fresh Restaurants, has now agreed to
launch at their additional four locations as a result of Glance Pay’s success at
Fresh on Crawford.
“Having chains like Fresh offer Glance Pay at all of their locations is a true
testament to our ability to enhance both the guests’ and restaurants’ overall
experience. As we add more locations in an area, our offering becomes more
compelling for both users and merchants,” says Desmond Griffin, CEO, Glance,
“The excitement and adoption of Glance Pay has been fantastic, with an 800%
increase in the rate of consumer adoption in Toronto last month compared to just
2 months prior. As we add more users in an area, we become positioned to take
increasing advantage of viral network effects. We are aggressively launching
marketing campaigns to attract more consumers. This week we launched an
initiative with the online media source Daily Hive (which has over 7 million
page views per month) to feature contests with entry requirements to download
Glance Pay, which we believe has great viral potential. Simultaneously, we are
forging strategic alliances with local companies to offer our consumers
elaborate prizes, such as our current fireworks package: a helicopter ride and
dinner for 2 with a V.I.P view of the firework at a Glance Pay restaurant.”
http://dailyhive.com/vancouver/glance-pay-vip-celebration-of-light-contest.
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 the Glance's
profile on SEDAR at www.sedar.com.
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
Source: Glance Technologies Inc.
GLANCE TECHNOLOGIES Q2 REVENUE
UP 664% OVER Q1 2017
VANCOUVER, BRITISH COLUMBIA--(July 12, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), today announced financial results for the second quarter
ended May 31, 2017.
“We are pleased to report a significant increase in revenues this quarter as we
begin to further monetize our technology and open up new markets for our
technology including the legal cannabis industry,” says Glance CEO Desmond
Griffin, “We are also excited about the potential of our new products coming to
market, including enhancements to our Glance Pay Anywhere product to expand its
reach and applicability. We believe we are well positioned to take advantage of
what we believe is an acceleration in the adoption of mobile payments worldwide,
with China already estimated to conduct $5.5 trillion USD in mobile payments and
major shifts occurring in the North American mobile payments space.”
For the second quarter ended May 31, 2017:
• Gross revenue increased by 664% to $126,527 from $16,564 in the first quarter
of fiscal 2017.
• Management fees decreased 25% to $8,465 from $11,250 in the first quarter of
fiscal 2017.
• Office expenditures decreased 25% from $186,376 in the first quarter of fiscal
2017 to $139,714 in the second quarter.
• Software development costs decreased by 3% to $129,502 from $133,369 in the
first quarter of fiscal 2017.
• Marketing expenses increased 21% to $571,021 up from $470,299 in the first
quarter of fiscal 2017 as a result of the implementation of strategic campaigns
to increase exposure in Canada and the US.
• Finance expenditures increased by 1,439% to $302,184 from $19,638 in the first
quarter of fiscal 2017 related to Glance’s successful rights offering financing.
• Net loss increased 25% to $1,203,839 up from $964,258 in the first quarter of
fiscal 2017 and net loss per share remained at $0.02.
Outlook
For the third quarter of 2017, based on already signed deals, management expects
revenues to exceed those of the second fiscal quarter of 2017. Management
expects to continue launching its mobile application in many more Canadian
restaurants during the third period of 2017. Management expects to begin
generating revenue from Glance Pay Anywhere, which enables merchants to send
bills and securely receive payment to and from customers in the third quarter of
fiscal 2017. The company also expects to receive monthly revenue from its
licence agreement with Cannapay Financial Inc.
Glance Pay owns 8,000,000 shares of Cannapay Financial Inc., and through its
alliance with Cannapay it is building a mobile payments app for the ordering,
mobile payment and delivery of cannabis in jurisdictions where it is legal.
Currently, recreational use of cannabis is legal in eight US states and the
District of Columbia and is scheduled to become legal in Canada in 2018. Glance
and Cannapay are well situated to become leaders in this multi-billion dollar
industry.
IFRS
The operational and financial information in this release is based on the
consolidated figures in accordance with IFRS, and with the exception of
information on investments and behaviour of markets, quarterly financial
statements are reviewed by the company’s independent auditors.
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.
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 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. Cannapay also offers corporate and technology
advisory services.
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
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, specifically, the statements regarding Glance’s outlook for the
third quarter of fiscal 2017 (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
(604) 723-7480
investors@glancepay.com
SOURCE Glance Technologies Inc.
Glance Technologies Releases
New Version of Glance Pay Which Includes Glance Dollars, Merchant Dollars and
Remote Payments
VANCOUVER, BRITISH COLUMBIA--(June 29, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to announce that a new version of the app Glance
Pay is now available in the United States and Canadian Apple store for free
download. The latest version of Glance Pay includes enhancements to 'Glance Pay
Anywhere', Glance Dollars, Merchant Dollars and upgrades to the Quick-Serve and
Full-Serve versions of the app.
"Our talented technology team has been working diligently on what we believe is
one of our most exciting updates of our Glance Pay app to date," says Glance CEO
Desmond Griffin, "We believe these new enhancements are highly disruptive and
will make us the worldwide leader in mobile payment technology."
Pay Anywhere
'Glance Pay Anywhere' is a Glance Pay proprietary 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. Combined with
Glance Pay's proprietary anti-fraud technology, the 'Pay Anywhere' feature
provides merchants with an automated, reliable and convenient method of
receiving payment. Glance Pay has had zero fraud since implementing its
anti-fraud technology more than six months ago.
Merchants are now able to be paid through the app from customers that are not on
location, either by sending them a code via email or text or by sending a
payment request directly through the app.
Glance Pay Anywhere can be used by virtually all merchants 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.
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 payment requests
via Glance Pay Anywhere. Consumers are instantly notified of the pending payment
request and can confirm and 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. 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.
Glance Dollars
Glance Pay has now created two forms of credit that can be distributed to app
users for compensation (such as referrals) or for promotion. Glance Dollars can
be earned and accrued by Glance Pay users by providing referrals or winning
contests and can be used at any Glance merchant within the Glance Pay app.
Merchant Dollars are specific to a particular restaurant and are equivalent to a
digital coupon, and may be issued by Merchants through the Glance Pay app and
can have a specific start and end date, like a coupon. Merchants may distribute
codes to obtain Merchant Dollars through email, text or printed flyers, but the
dollars are redeemable only through the Glance Pay app. Dollars are
automatically added to a user's account and are automatically redeemed just by
using Glance Pay for payment, making this extremely easy to use for consumers
and merchants. Glance Dollars and Merchant Dollars are an excellent compliment
to Glance's rewards programs, giving merchants further tools to bring in new
customers and encourage repeat business.
Solution for Hybrid Quick-Serve / Full-Serve Environments
Restaurant's environments that have both table service as well as payment at the
counter options are now well supported with this latest version of the Glance
Pay app. While at a table users can snap a photo of a bill to pay, and while at
the counter in the same restaurant users can utilize the lightning fast quick
serve interface within the app, with both options still receiving great rewards
and promotions.
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 and
drink, settle bills, access digital receipts, earn great rewards, and 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.
Glance Technologies is the largest shareholder of Cannapay Financial Inc., a
fintech company in the Cannabis space, which has licensed the Glance Pay
technology, to build a legally compliant marijuana payment and delivery app.
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 Technologies Quarterly
Update From CEO
VANCOUVER, BRITISH COLUMBIA--(June 27, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to provide this quarterly update.
Dear Shareholders of Glance Technologies Inc.,
We have come a long way since the launch of our first product in September 2016
and we have had a lot of new developments recently, so I thought it would be
helpful to review what we have accomplished and where we are heading.
Successful Launch
When we launched our first products in September, Glance Pay brought to market a
completely new technology that the world had never seen before, a technology
that enabled customers to pay quickly by snapping a photo of their bill and to
automatically earn and redeem rewards. Initially we had to prove that both
restaurants and consumers would be willing to use this technology. We have grown
from a handful of restaurants and users in September, to over 160 signed
merchants (including the recent addition of The Donnelly Group chain) and over
16,000 Glance Pay users conducting payments, with many passionate, supportive
customers.
Passion for Innovation
Thus we feel we have proven the potential and usability of these initial
products and we are excited about their future prospects. But it is important to
note that these first products within our platform are just the beginning of our
technology roadmap. Because we provide a platform connecting users to merchants,
the innovative technologies and solutions we can provide are unmatched in the
current marketplace. Innovation is our passion. We are constantly listening to
our merchants and our users to determine how we can better help them solve their
problems. As a result, although full service restaurants are still currently our
main focus, we have expanded our potential market to merchants of almost any
type: quick serve, salons, clubs, gyms, cafes, dentist offices, law offices, and
the list goes on. Any merchant that accepts payment can benefit from Glance Pay,
and for our potential users, the benefits of accessing real-time payment
information and participating easily in merchant rewards programs makes Glance
Pay an easy sell. No physical credit cards, no rewards cards, no need to dictate
your phone number at the till - imagine if all of your interactions with
merchants were that simple. By working to place Glance Pay in as many merchants
as we can, we can become the standard.
Revenue Strategy
In addition to both establishing a significant base of merchants and users, and
expanding our market, we also focused on exploring and testing different
monetization strategies for our products. Many of the largest technology
companies in the world have spent years building their base of merchants and
users before attempting significant monetization of their
platform and network. However, we have been working with restaurants to
determine what we could charge, and what types of services or add-ons we could
implement to enable monetization of our products. As a result, we have added a
number of services and features to our platform, and we have now established a
strong pricing model which we believe will make it even easier for restaurants
to adopt our technology while at the same time bringing in solid revenue.
Additionally, we have been exploring other opportunities for near term
monetization of our technology through strategic alliances to address markets
that are not on our near term roadmap. An example of this is our recently
announced licensing deal with Cannapay Financial in the exciting marijuana
space, which brings revenue and equity upside to our investors; we continue to
explore other similar opportunities for monetization of our platform. With our
agreement with Cannapay, we anticipate that we will book over $1,000,000 in
revenue in the next year for Glance. We are currently negotiating with several
other entities for licensing of our payment platform and app.
In addition to improved monetization, we have learned how to become more cost
efficient from our early experience delivering our products. Cost efficiency has
been an important near term goal and we feel we have made great strides in that
area.
Significant Capital Raising
Another important objective for the company has been to raise sufficient capital
to execute our plan. Since the beginning of August 2016 we have now raised $4.31
million including $1.87 million in the past few months. This gives us a solid
runway to acquire new customers, expand into other markets such as Toronto, and
continue adding significant innovations to our technology.
Proprietary Anti-Fraud Technology
While improving cost efficiency and raising sufficient capital, it was also
important to address the high fraud rates typical to card-not-present credit
card payments. Fraud is generally a major issue for merchants, and many mobile
payment systems from some of the largest technology companies in the world have
suffered from very high fraud rates. We felt we had designed some important
innovations in fraud prevention that we implemented by mid-December. Since that
time we have experienced zero payment fraud on our platform in over 6 months
across all of our live locations. This is a great accomplishment and may be one
of the most important aspects of our intellectual property to date. I believe
this has lasting potential beyond our initial products and markets, and may be a
long-term source of competitive advantage for our company.
Additions to our Product Offering
Finally, one of our other main goals in the last two quarters has been to expand
and establish a whole product offering that allows potential clients to easily
adopt Glance Pay. This provides us with multiple entry points for acquiring new
clients. Some of these services or technologies have been developed, and many
more are to come, allowing us to continually improve how we position and sell
ourselves. Some of those developments include: a very successful social media
offering tied to our platform that helps clients improve their social media
status; technology to drive positive reviews on major review sites; an ability
to advertise events and promotions to our ever-growing user base; an ability to
pay through Glance Pay at the counter as well as at the table; and an ability to
accept payments through Glance Pay from users anywhere at any time. We are
working on many more products and services as we build ourselves out as a
must-have in the industry. We are particularly excited about our upcoming
ordering capabilities that allow users to order from their table when a
restaurant or bar is busy or when a user simply knows what they want, and that
allow users to pre-order for pickup and delivery from merchants. As we continue
to add to our product offering, the reasons for merchants and consumers to adopt
our technology multiply, and will hopefully propel us towards tipping points
that make our product an absolute must-have for both groups, allowing us to
benefit from exponential growth due to network effects.
By establishing the usability of our technology, expanding our target market to
all merchants, improving monetization with more products, improving cost
efficiency, raising sufficient capital, eliminating fraud, and building up a
whole product offering, we feel the company is set on a strong path. We firmly
believe that mobile devices are the future of payments and consumer engagement.
Statistics show that in China mobile payments already exceed physical credit
card payments. We believe we are well positioned to take advantage of this
technological trend as we continue to build our technology and our network of
merchants and consumers. Every year mobile phones advance significantly,
accelerating the transition to mobile payments and giving us even more tools to
work with. Just as it now seems obvious to pay for parking with your phone or to
order a car via Uber, we believe it will one day be obvious that the way to pay
merchants and the way to engage consumers will be with Glance Pay.
We value all of our customers, users, and shareholders and we thank you for your
support - we are excited and grateful to have you with us as we continue to
grow.
Sincerely,
Desmond Griffin
CEO
Glance Technologies Inc.
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 corporate update contains “forward-looking statements”, “forward-looking
information” and “future-oriented financial information” (collectively herein
referred to as “forward looking statements” within the meaning of applicable
securities laws. Glance Technologies Inc. (the “Company”) is providing
cautionary statements identifying important factors that could cause the
Company’s actual results to differ materially and significantly from those
projected in these forward-looking statements, including information regarding
the Company’s revenue; profit margins; and proposed business plan. The words
“anticipate”, “expect”, “believe”, “attempt”, "may", "could", "should",
“ensure”, "estimate", "plan", "project", “strategy”, "intend", "outlook",
“strive”, "forecast", "likely", "probably" or other similar words are used to
identify forward-looking information. Such statements represent the Company’s
internal projections, estimates, expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or performance. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements.
Although the Company believes that the expectations reflected in the
forward-looking statements are reasonable, no assurance can be given that these
expectations will prove to be correct and such forward-looking statements should
not be unduly relied upon. Many factors could cause the Company’s actual results
to differ materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, the Company. Such forward-looking
information may relate to, without limitation: the future activities and
performance of the Company; the value of the Company’s common shares; the
technological development of the Company; estimates relating to the amount of
funds available to the Company; volatile securities markets; and the manner in
which such funds will be used. Additional factors that could cause actual
results to differ from the Company’s expectations include, but are not limited
to: the Company’s ability to launch its products in an efficient manner;
competition; legal requirements and limitations and the possibility that the law
relating to the Company’s business could change in a manner that materially
adversely affects the Company’s business; the Company’s ability to enter into
advantageous agreements and business relationships; the Company’s ability to
attract customers and merchants for its products; general economic conditions
and those economic conditions specific to the mobile payments industry; the
Company’s ability to innovate and improve monetization; the growth of the market
for mobile payments; the Company’s ability to reach a broad consumer base; the
Company’s ability to expand to different cities nationally and internationally;
and geopolitical events such as war, threat of war or terrorist activities.
General Disclaimer
This shareholder update does not constitute an offer to sell or the solicitation
of an offer to buy any securities of the Company in any jurisdiction in which
such offer or solicitation would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. We seek safe
harbour.
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com
Source: Glance Technologies Inc.
Glance Technologies Closes
Second Tranche of $1,000,000 Licence Fee for Cannabis Mobile Payment Application
VANCOUVER, BRITISH COLUMBIA--(June 22, 2017) - Glance
Technologies Inc. (OTCQB:GLNNF)(CSE:GET.CN)
(FRANKFURT:GJT), is pleased to announce that it has received the second
payment for the $1,000,000 licence agreement with Cannapay Financial Inc.
"Cannapay Financial is building a mobile payment solution for the Cannabis
industry designed to operate legally within multiple jurisdictions," says Penny
Green, President and COO, Glance. "Glance Technologies intends to enable
Cannapay to achieve its goal of becoming the leading provider of mobile payment
solutions to the Cannabis industry worldwide."
Glance has granted 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, and a right to sub-license for a 50%
royalty. Cannapay is currently negotiating with dispensaries in various U.S.
states to provide a full payment solution through a mobile app with e-commerce
abilities as well as developing and acquiring assets with high growth potential
in the cannabis space.
Glance and Cannapay closed the second tranche of the Licence Agreement through
the payment by Cannapay of $200,000 as part of the licensing fee, and the
purchase by Glance of 4,000,000 common shares of Cannapay at a price of $0.05 per
share. The transaction will be recorded as a related party transaction as Glance
owns approximately 45% of 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 developing a mobile payment app that will
allow users to order products from their smartphones, tablets or computer and
have marijuana products delivered to their physical location in compliance with
local rules and regulations. Cannapay also offers corporate and technology
advisory services.
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 and
drink, settle bills, access digital receipts, earn great rewards and 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 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.
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.
-------------------------------------------------------------------
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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