Subject: NEW PRODUCTS/SERVICES
Glance Pay Launches Successfully in the United States
VANCOUVER, British Columbia, March 28, 2018 (GLOBE NEWSWIRE) --
Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) is pleased to announce that Glance Pay, the mobile payments solution that makes payments and rewards simpler and more secure for merchants and users across Canada, has gone live in the United States.
Glance Pay users in the U.S. now enjoy fully operational USD mobile payments and customer support when visiting any one of our growing list of partner businesses there. Glance Pay currently has 14 signed locations across California, with merchants ranging from restaurants and food trucks, to salons and service providers. A number of those locations have been launched this week and are more planned soon.
With the U.S. launch, Glance Pay is entering a mobile payments marketplace which, according to market research giant Forrester, is projected to see mobile payment volumes reach $282 billion by the year 2021, tripling in size over 2016. Forrester's research found that U.S. mobile payment volumes have been growing at a compound annual rate of 20 per cent each year.1
"The U.S. is one of the largest marketplaces in the world and we are thrilled to now be live there," says Desmond Griffin, CEO of Glance. "We know the efficiency and customer retention our technology can bring to all kinds of businesses, and we are focused on putting that value in as many hands as possible."
The Glance Pay mobile payments platform has quickly become a leading choice for merchants in restaurants, retail and more, thanks to its compelling competitive advantages in customer service and satisfaction, and to the efficiency, insights and marketing tools it offers business owners. With more than 350 signed locations across Canada and the United States, Glance Pay is a high-security platform offering exclusive deals and rewards for users, while rewarding merchants with faster, more flexible transactions, and a range of new tools and advantages.
About Glance Technologies Inc.
Glance owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards and interact with merchants. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in iOS (Apple) and Android formats, merchant manager apps, a large-scale technology hosting environment with sophisticated anti-fraud technology and lightning-fast payment processing. Glance 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.
More information about Glance can be found at www.glance.tech.
For further information:
Investor Relations
1-866-258-1249
Paola Ashton
VP Business Development
604-839-0337
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", "projected", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the scheduled launch of Glance Pay signed locations, the increase in volume of the mobile payments marketplace and the integration of a rewards-based cryptocurrency into the Glance Pay app. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things, the risk that Glance Pay signed locations may not launch on schedule, the risk that the mobile payments marketplace may not continue to increase in volume and the risks related to the development of a rewards-based cryptocurrency and integration into the Glance Pay app. Forward-looking information and forward-looking statements are in addition based on various estimates, forecasts and projects as well as expectations, beliefs and assumptions, including, without limitation, the launch schedule of Glance Pay signed locations, the expected growth in volume of the mobile payments marketplace, and the successful integration of a rewards-based cryptocurrency into the Glance Pay app. 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 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.
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1 Parisi, Danny. "Mobile payments volume in US will triple by 2021: report." Retail Dive. Feb. 6, 2017. https://www.retaildive.com/ex/mobilecommercedaily/mobile-payments-volume-in-us-will-triple-by-2021-report
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