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Glance Technologies Inc
Symbol GET
Shares Issued 56,326,216
Close 2016-11-04 C$ 0.20
Market Cap C$ 11,265,243
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Glance Pay has 232% volume increases in first 12 weeks

2016-11-07 07:57 ET - News Release

Mr. Desmond Griffin reports

GLANCE TECHNOLOGIES ANNOUNCES 232% AVERAGE WEEKLY GROWTH SINCE APP LAUNCH, 10 NEW RESTAURANTS LAUNCHED AND 6 NEW RESTAURANTS SIGNED IN PAST 2 WEEKS

Glance Technologies Inc. had rapid and consistent growth of Glance Pay during its first 12 weeks in operation.

"We have seen a large increase from the first week of launch to the 12th week in the operation of Glance Pay," said Desmond Griffin, chief executive officer of Glance. "We have an average weekly transactional volume increase of 232 per cent week after week during the first 12 weeks of Glance Pay's operation."

The number of users who have completed payment transactions through Glance Pay has been increasing steadily each week. Glance Pay currently has a good balance of new and repeat users for its first 12 weeks of operation, which demonstrates that the app is achieving repeat customers and regular use, even at such an early stage.

Glance is also pleased to announce that it has successfully gone live in 10 additional restaurants in the last two weeks, including: Eight 1/2 Restaurant Lounge, La Brasserie, Cafe Luxy, Wild Rice, Cafe Il Nido, Ritual, Twisted Fork Bistro, Richmond Thai House, North Van Thai House and Juke Fried Chicken. Glance Pay is now live in five cities in British Columbia: the city of Vancouver and four suburban cities, West Vancouver, North Vancouver, Richmond and New Westminster. A full description of restaurants currently accepting Glance Pay can be found at the company's website.

In the past two weeks, six new restaurants have signed contracts to use Glance Pay, including Cafe Luxy and Cafe Il Nido, which have already gone live, offering Glance Pay as a mobile payment option. The Glance Pay launch process has become more efficient and the app can now go live in new restaurants within a week of signing.

Based on its research, Glance's management believes that Glance Pay is now the biggest mobile payments app for restaurants in Canada based on number of live restaurants.

About Glance Technologies

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 smart phone users choose where to dine, settle their restaurant bills, 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.

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