Glance Announces White Label Blockchain Solution

VANCOUVER, British Columbia, Feb. 22, 2018 (GLOBE NEWSWIRE) --

Glance Technologies Inc. (CSE:GET:CN) (OTCQB:GLNNF) (FKT:GJT) is pleased to announce it is pursuing opportunities to license its recently acquired BlockImpact cryptocurrency and blockchain platform as a white label solution. Glance believes there is high demand in the marketplace for applications of this technology platform and has had discussions with a number of parties interested in licensing this technology.

According to Coinschedule.com, over $3.7 Billion USD was invested in cryptocurrency ICOs alone in 2017, in addition to traditional investments into the blockchain space. Glance believes this is indicative of demand for blockchain and cryptocurrency payment solutions.

Glance plans to leverage the network and skills of its blockchain and cryptocurrency advisory board to market this solution.  Leading Glance's efforts on this front are Dinis Guarda and Alexander Perkins.

Dinis Guarda is a serial entrepreneur, CEO, author, influencer and evangelist who was previously ranked by Ranking.influencer.world as the #4 worldwide influencer in blockchain and crypto, the #5 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 of Lifesci, a P2P, blockchain, search engine and PAAS. He formerly created companies such as Ztudium, that created the blockchain technology BlockImpact (acquired by Glance), Humaniq, Fabbanking.com and more. He has been advising the UN, Hyperloop Transportations and others.

Alexander Perkins is a blockchain advisor and fintech consultant with core expertise in blockchain and business development. Mr. Perkins is presently a partner at Ztudium, a blockchain consultancy and strategic advisory firm. Previously, Mr. Perkins was Vice President at Humaniq, a blockchain company working to deliver banking services to the 2 billion "unbanked" individuals globally, and an Associate at Deep Knowledge Ventures, a London-based venture capital firm.

The BlockImpact platform includes the following features:

• Biometric ID
• Blockchain 360 degrees Technology
• Digital messaging / group chat (with functionality similar to Whatsapp)
• Financial wallet
• Open API application program interface
• Crypto/token/fiat wallet (which allows seamless conversion between currencies)
• Reward system
• Encrypted cyber security
• In-app support system
• Document sharing
• Social network features
• Peer to Peer marketplace functionality

In addition to these re-licensing efforts, Glance is continuing to build out a rewards-based cryptocurrency intended to be integrated into the Glance Pay platform.

About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance offers targeted in-app marketing, geo targeted digital coupons, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, merchant manager apps, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance has also recently purchased an end-to-end blockchain solution and is working on a rewards-based cryptocurrency intended to be integrated into the Glance Pay app.

For more information about Glance, please go to www.glance.tech. 

For more information, contact:

Investor Relations
1-866-258-1249
[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: "may", "believe", "thinks", "expect", "exploring", "expand", "could", "anticipate", "intend", "estimate", "plan", "pursue", "potentially", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These statements, which involve risks and uncertainties, relate to the discussion of Glance's business strategies and its expectations concerning future operations, sales, new products, new licensing arrangements and other information that are based on forecasts of future results and estimates of amounts not yet determinable. For additional information with respect to these and other factors and assumptions underlying the forward looking statements in this press release, see the section entitled "Risk Factors" in the most recent Annual Information Form and Prospectus of Glance, which may be accessed through Glance's profile on SEDAR at www.sedar.com. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.