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Enter Symbol
or Name
USA
CA



Glance Technologies Inc
Symbol GET
Shares Issued 82,554,856
Close 2017-09-11 C$ 0.26
Market Cap C$ 21,464,263
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Glance signs first U.S. restaurant for Glance Pay

2017-09-12 08:32 ET - News Release

Mr. Desmond Griffin reports

GLANCE SIGNS FIRST UNITED STATES RESTAURANT & SETS UP HEAD OFFICE IN SILICON VALLEY TO ACCESS $780 BILLION MARKET

Glance Technologies Inc. has signed its first restaurant in the United States, Ta'cul Mexican Cocina, located in California, to use the Glance Pay mobile payment app. Glance also announces that it has set up its United States head office in Silicon Valley.

"Our U.S. expansion is key to our strategy of signing large North American restaurant chains," says Glance chief executive officer Desmond Griffin. "Silicon Valley is an ideal location for us to access the world's premier high-tech ecosystem as we continue to develop our technology."

"Mobile payment is a game changer. We see people of all ages use their mobile phones in restaurants to take pictures of food to share on social media. Customers will love the convenience of paying for their bill with their mobile phone and collecting loyalty points. San Diego is ready," says German Feuchte, owner of Ta'cul Mexican Cocina.

The U.S. restaurant market is estimated to generate over $780-billion in sales annually (1).

Over 230 restaurant locations are signed to use the Glance Pay app in Canada, which is now live in four provinces across Canada.

In August, 2017, Glance announced a warrant exercise program incentivizing warrantholders to exercise their warrants prior to Sept. 29, 2017, for potential proceeds of up to $1,968,000 through the warrant exercise program, plus additional funds that may be raised by the exercise of other outstanding options and warrants that are not part of the acceleration program. The proceeds of these warrant exercises are being used to finance Glance Pay's expansion, including its U.S. expansion. Since the announcement, Glance has received over $1.45-million in proceeds from the exercise of incentive options, warrants, and broker warrants and options.

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smart phone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards, and interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geotargeted digital coupons, 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, 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 and fitness and wellness industries through Active Pay Distribution Inc. and Cannapay Financial Inc.

(1) National Restaurant Association, "2016 Restaurant Industry Forecast."

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