Glance Incorporates Glance Blockchain Token Inc.

VANCOUVER, British Columbia, Dec. 28, 2017 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) has incorporated Glance Blockchain Token Inc. as a wholly owned subsidiary with founding directors Penny Green and Desmond Griffin and key advisors Dinis Guarda & Alexander Perkins.

Glance Blockchain Token Inc. will be responsible for developing and managing the Glance token, which will be a cryptocurrency with a series of smart contracts to allow merchants to grant the Glance token as a reward for consumer loyalty and engagement.  Glance Blockchain Token plans to complete the white paper for its Cryptocurrency within the next 30 days. 

"The Glance token will be a rewards token that will incentivize both the business and consumer users of Glance," says Glance CEO Desmond Griffin, "We are thrilled at the possibility of introducing an entirely new group of users to cryptocurrency through our platform."

Dinis Guarda is a serial entrepreneur, author, influencer and evangelist who was previously ranked by Raking.influencer.world as the #4 worldwide influencer in blockchain and crypto, the 5^th most influential in blockchain by Right Relevance and #5 on the Richtopia Rise Top 100 Blockchain Insiders. With over 20 years of global business experience, Mr. Guarda has worked with 360 digital strategies, sustainable innovation, Blockchain, Fintech, AI and emerging business models such as initial coin offerings (ICOs). He is also the founder and CEO of LifeSci, a P2P, blockchain, search engine and PAAS and formerly created companies such as Ztudium (acquired by Glance), Blockimpact, Covesting, Fabbanking.com and more.

Desmond Griffin, co-founder and CEO of Glance Technologies, in addition to being the inspiration and architect behind the Glance Pay proprietary mobile payment system, saw previous success as co-founder of CEO of PayByPhone and built it from concept to a platform processing payments for 10 million plus users in over 100 cities around the world and saw it through to a successful exit.  PayByPhone is now currently owned by Volkswagen.

Penny Green, co-founder, President and COO of Glance Technologies, is a serial entrepreneur with 2 decades of experience building successful companies.  Penny has been recognized in PROFIT Magazine's W100 list of top entrepreneurs. She has been involved in over 100 going public transactions as a securities lawyer, and under her leadership as CEO, her company Bacchus Law Corporation was included in the PROFIT 500 fastest growing companies 2 years in a row.  Penny was a co-founder of Merus Labs Inc. (TSX:MSL, NASDAQ:MSLI-Q) which had revenues of $111 million in Fiscal 2016 and was acquired by Norgine B.V. in July 2017 for approximately $342 million.  

"I'm looking forward to the innovative corporate finance and large scale technology deployment that Penny and Desmond bring to the table," says Dinis Guarda, "Glance Technologies has deep experience in corporate finance, investor relations, securities law and has a strong technology platform and team."

Alexander Perkins is a blockchain advisor and Fintech consultant with expertise in initial coin offerings. Mr. Perkins is presently a Fintech consultant at Uptick Growth.  Mr. Perkins has worked in a strategy capacity on ICO deals within payments, financial services, energy, decentralized search, eSports/gaming, and SaaS for life sciences. Previously, Mr. Perkins was an Associate at Deep Knowledge Ventures, a London-based venture capital firm.

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 goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, customer feedback, in-merchant messaging and custom automated rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, merchant manager apps, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance Pay has entered into significant licensing agreements to access the cannabis, fitness and wellness, foreign student and tourist markets through Cannapay Financial Inc., Active Pay Distribution Inc. and Euro Asia Pay Holdings Inc.  Glance owns Glance Blockchain Token Inc., which is developing the Glance Token as a cryptocurrency with a series of smart contracts for customer engagement through rewards. Glance is part of the CSE25 Index and the CSE composite index.

For more information about Glance, please go to www.glance.tech or contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
[email protected]

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: "will" "may" "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.  In particular, Glance may not be successful in building its planned cryptocurrency or there may not be sufficient support for the cryptocurrency to make it a success.