VANCOUVER, British Columbia, April 26, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) is pleased to announce the opening of a Glance office in Melbourne, Australia, fulfilling another key milestone in the company’s global expansion strategy.
Glance is bringing its full suite of payment, loyalty, and blockchain solutions for the mobile era to Australia. Glance is exploring opportunities for its flagship Glance Pay and Glance Merchant apps, and an initial pilot with an Australian merchant is planned to be launched soon.
“Similarities in culture and language make Australia an ideal place for us to expand the international reach of Glance,” says Glance Technologies CEO Desmond Griffin. “Australia is a community of engaged, sophisticated consumers, with numerous businesses and entrepreneurs who are willing to embrace fluid, innovative tools with which to better serve them.”
Independent research and market analysis confirms Australia has been quick to embrace mobile payments, and now boasts some of the world’s highest adoption rates for contactless payments. Mobile wallet usage there is experiencing a strong growth trend, thanks to factors including high smartphone penetration, and indications of strong willingness there among merchants and consumers alike to try and adopt online and near-field transactions.*
To learn more about business opportunities with Glance in Australia, please contact Chris Tabone (Business Development) at chris@glancepay.com, +61 450 573 414, 152 Elizabeth Street, Melbourne, AU VIC 3000.
Glance also announced today that its New York offices have relocated to 135 Madison Ave, New York, NY 10016, USA.
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 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 a 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:
David Jan
Investor Relations
1-866-258-1249
investors@glancepay.com
Paola Ashton
VP Business Development
604-839-0337
paola@glancepay.com
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 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 users and new merchants and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. Such risk factors include, among other things, the risks related to the development of a rewards-based cryptocurrency and integration into the Glance Pay app and risks related to operating in Australia. 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.