VANCOUVER, British Columbia, Oct. 14, 2016 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (FKT:GJT) is pleased to announce the incorporation of a wholly owned subsidiary, Glance Pay USA Inc. (“Glance USA”). Glance USA was incorporated effective October 11, 2016 with a registered office in Las Vegas, Nevada.
Glance USA’s incorporation represents the first step in Glance’s planned expansion in the United States. Glance is eager to sign up new restaurant partners with a focus on diversifying the influence of the company’s mobile restaurant payment application, Glance Pay.
“Glance Pay is experiencing strong growth in Vancouver and we are eager to bring Glance Pay to major cities across Canada and the United States,” says Penny Green, Glance’s Chief Operating Officer, “Now that we have set up our US subsidiary, our next step will be to form alliances in the US to set up Glance Pay for rapid growth.”
Glance is excited to expand its reach in the United States where restaurant industry sales are projected to be an estimated $782.7 billion.1 Glance is also focused on continuing its growth in the Canadian market, where the restaurant industry generates $75 billion in annual sales.2
Glance Pay is currently available for free download in Apple’s App Store, Google Play’s Android Store or at GlancePay.com.
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1 National Restaurant Association, “Facts at a Glance” online at www.restaurant.org.
2 Restaurants Canada, “Key Facts about Canada’s Restaurant Industry” online at www.restaurantscanada.org.
About Glance Technologies, Inc.
Glance Technologies was incorporated in British Columbia in 2014 and owns and operates Glance Pay, a mobile payments app for restaurants. Glance operates Glance Pay from Glance’s head office in Vancouver, British Columbia, Canada. Glance’s shares commenced trading on the Canadian Securities Exchange on September 7, 2016 under the ticker symbol GET.
For more information about Glance and Glance Pay, please go to www.glance.tech or www.glancepay.com.
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
christina@glancepay.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Specifically, the statements referring to Glance’s planned expansion in the United States and Canada, and the statement that Glance will expand its reach in the United States are forward-looking statements, and there can be no certainty that these statements will prove to be correct.
Although Glance believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.