VANCOUVER, British Columbia, May 22, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) today announced it has entered into an agreement with California’s Una Mas Mexican Grill to begin introducing the Glance Pay mobile payment app to Una Mas’ chain of 15 Mexican restaurants.
Una Mas’ Blossom Hill location in San Jose is now live and accepting Glance Pay.
“Glance Pay provides such a great experience for our customers and staff,” says Una Mas’ President and CEO, Mike DiPietro of Golden Bay Investment Group, Inc. “We want to stay competitive with how our guests order, pay and earn rewards. Glance Pay gives us this advantage while helping us increase revenue and operational efficiencies.”
“As our first U.S. chain of this size, Una Mas represents a significant breakthrough,” says Glance Technologies CEO Desmond Griffin. “We are energized by the recent traction we have made and believe this positions us for further success with signing U.S. chains.”
Glance’s growth story is continuing at a record pace. As previously announced, the company has signed 136 new locations (including Una Mas) and launched 50 new locations in the roughly 11 weeks since the current quarter began on March 1, making it Glance’s best quarter to date for launches and signings with weeks still left to go in the quarter.
About Una Mas Mexican Grill and Golden Bay Investment Group, Inc.
The first Una Mas Mexican Grill opened in 1991 in San Jose, California. With 15 locations, Una Mas’ goal will always be to serve unique Mexican favorites using only the freshest, healthiest ingredients in all of its authentic dishes.
Golden Bay Investment Group, Inc. invests in and operates food and beverage companies and retail outlets. Specializing in franchising, with over 30 years of successful experience, Golden Bay Investment Group owns and operates the Una Mas Mexican Grill franchise chain.
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 | Paola Ashton | |
| Investor Relations | VP Business Development | |
| 1-866-258-1249 | 604-839-0337 | |
| investors@glancepay.com | 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: “anticipate”, “believe”, “could”, “expand”, “expect”, “exploring”, “intend”, “estimate”, “exploring”, “may”, “plan”, “pursue”, “potential”, “projected”, “should”, “thinks”, “upcoming”, “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 and features including pre-ordering, new users and new merchants, increase of Merchant revenue and efficiencies, success with signings of U.S. chains, 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, the development of new features for the Glance Pay App, and growth of the number of Glance merchants. 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.