VANCOUVER, British Columbia, March
14, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN)
(OTCQB:GLNNF) (FKT:GJT) is pleased to announce that it is setting
up a new office in London, U.K., to explore opportunities for its
technology in the U.K. and across Europe.
A long-standing global capital of
finance, commerce, and innovation, London is a natural fit for
bringing Glance's leading-edge mobile payments platforms to the
European and global marketplaces. By expanding Glance's footprint
there - the city is already home to Glance Coin CDO Zeeshan Mallick
and key advisor Dinis Guarda - Glance will be on the doorstep of
not only FinTech and crypto thought leaders, but also some of the
world's most active mobile payments users: as of 2016, 74 per cent
of British consumers use mobile payments,1 while 68
percent of Europeans are also used to the technology.2
London was once again ranked the
#1 Financial Centre in the world in the latest Global Financial
Centres Index in September 2017.3 Additionally,
London is a very active centre for cryptocurrencies, one of the
most bitcoin-friendly cities in the world, based on the number of
outlets accepting bitcoin payments,4 and home
to several of the most prominent and most well attended blockchain
conferences in the world, such as Blockchain Expo Global.
"Given its central importance to
both the FinTech and crypto communities, its proximity to
fast-growing mobile payment markets across Europe, and the fact
it's already home to some of our key team members, opening this
office is a natural next step in our expansion plans," says Glance
CEO Desmond Griffin. "During the years growing my former venture,
PayByPhone, London was one of the biggest, most active centres for
our business globally, so I know first-hand the great opportunities
this city presents."
Glance will be looking to expand
its existing U.K. and European network through new partnerships,
while also exploring the launch of its Glance Merchant, Glance Pay
and Glance Coin products into the European markets.
If you are interested in finding out about
business opportunities with Glance in the U.K. and across Europe,
please email Zeeshan Mallick at europe@glancepay.com.
________________________
1 Visa
Europe. "Mobile Payments Soar as Europe Embraces New Ways to Pay."
Oct. 12, 2016. https://www.visaeurope.com/media/pdf/40172.pdf
2 Visa
Europe. "Mobile Money Takes Off as 77% of Europeans Use their
Phones to Bank and Make Everyday Payments." Sept. 27, 2017.
https://www.visaeurope.com/newsroom/news/mobile-money-takes-off-as-77-of-europeans-use-their-phones-to-bank-and-make-everyday-payments
3 Z/Yen
Partners. "Global Financial Centres Index 22." September 2017.
http://www.longfinance.net/images/GFCI22_Report.pdf
4 Crypto
Coin Network. "The Top 10 (or 11) Bitcoin-Friendly Cities." Jan.
16, 2016.
https://www.ccn.com/top-10-11-bitcoin-friendly-cities/
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 an end-to-end blockchain
solution and is working on a rewards-based cryptocurrency intended
to be integrated into the Glance Pay app.
For more information about Glance, please go
to www.glance.tech.
For more information,
contact:
investors@glancepay.com
1-866-258-1249
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, margins, sales, new products, new licensing
arrangements, potential acquisitions, use of proceeds, expenses,
profitability, liquidity and capital resources and to analyses and
other information that are based on forecasts of future results and
estimates of amounts not yet determinable. 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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Glance Technologies Inc. via Globenewswire
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