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VANCOUVER, British Columbia, Sept. 27, 2018 (GLOBE NEWSWIRE) — Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT), specializes in enabling merchants to accommodate their barter with quick defended payments, agenda rewards, and a bigger chump experience.

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The Company is admiring to accommodate a accumulated amend on its contempo activities including broker outreach, technology development, sales and marketing, and costs and controls.

Investor Outreach

Glance’s CEO, Desmond Griffin, afresh presented at three broker conferences:  the MoneyShow in Toronto, ON, the Global Chinese Financial Forum in Markham, ON, and the Extraordinary Approaching appointment in Vancouver, BC. The presentations at the conferences were well-received and the conferences provided accomplished forums for the Company to anon collaborate with institutional investors, advance advisors, alone shareholders and abeyant partners. We accustomed absolute acknowledgment from the advance association and absorption from abeyant cardinal partners. These contest gave us the befalling to accept to our shareholders and apprehend their requests for added common updates on the Company, accurately on our sales and business plans, as able-bodied as advance on technology development.

We accustomed several inquiries from shareholders apropos the absolution from escrow of assertive shares of the Company in aboriginal September, including shares endemic anon and alongside by the co-founders of the Company. While the Company has no admission to trading action of its shareholders added than what is about appear by insiders, Glance can affirm that cabal filings appearance that Desmond Griffin is now the alone actor that holds 10% or added of the shares of the Company and that Mr. Griffin has not awash shares in the Company in the accomplished 10 months.

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We additionally listened to actor apropos apropos rumours and credible apocryphal advice on internet babble boards. While the Company has a action not to animadversion on rumours or speculation, we do admonish shareholders that they should alone affirmation advice apropos the Company that is accustomed through our official columnist releases and acknowledgment channels.

With commendations to advancing and approaching broker relations activities, we currently accept a video airing on BNN Bloomberg (which can be apparent at this link) and we will anon be auspicious our Glance.Tech website to accomplish it added investor-friendly. Mr. Griffin will additionally be presenting at the 19th Annual Global Chinese Financial Forum Appointment in  Vancouver on October 13, 2018. Added capacity on this appointment will be provided at a after date.

Technology Development

The Company afresh appear artefact testing for its accessible absolution of the Glance PayMeTM application, a downloadable merchant app, has commenced and a cardinal of merchants accept active on for beta testing. We are acutely admiring with the advance we are authoritative on Glance PayMeTM and absolute aflame about the new acquittal capabilities such as pay by QR Code, Bluetooth (automatically audition adjacent payments), and agenda balance (for added advice apropos Glance PayMeTM see this link). Glance continues to assignment appear the ambition of activity to bazaar with Glance PayMeTM aural the present budgetary quarter.

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We are additionally aflame about added new appearance that our development aggregation has been alive on such as Pull the Bill, Adjustment from Table, and Pay with Bitcoin, which we additionally plan to roll-out this budgetary quarter. We abide to assignment on affiliation of Glance Coin into our Glance Pay and Glance PayMeTM platforms.

Sales & Marketing

Sales and business efforts accept been gearing up as we adapt for the roll-out of Glance PayMeTM and new appearance such as Pull the Bill, Adjustment from Table, and Pay with Bitcoin. We afresh assassin new chief sales assembly in Vancouver and Toronto. Our sales aggregation is focused on signing up ample restaurant chains and high-volume active burghal restaurants concentrated in specific neighbourhoods that are frequently visited by consumers that fit the contour of our ambition bazaar for users, which includes Millennials and Gen Z.

Our business affairs are focused on architecture cast awareness, accretion the cardinal of user downloads of Glance Pay and the barrage of Glance PayMeTM. Coinciding with the barrage of Glance PayMeTM, Glance will ambition baby to average sized businesses including segments in the rapidly growing freelance or “gig” economy. Shareholders can apprehend to see added business and advance of Glance to merchants and users through agenda advertising, amusing media, influencers such as celebrity chefs and aliment bloggers, and acceptable media such as alteration ads and radio.

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Costs and Controls

As ahead disclosed, administration has been in the action of reviewing and prioritizing its expenditures to advance efficiency. Significant changes accept already been implemented to bigger advance its banknote assets activity forward. Specifically, the Company has bargain costs accompanying to alien admiral and restructured our aggregation to focus on the amount technologies of Glance PayMeTM, Pull the Bill, Adjustment from Table, and Glance Coin.

We acknowledge our shareholders for their encouragement, backbone and abiding angle on our Company. We abide assured and aflame about the amazing befalling in advanced of us as the anarchy in adaptable payments and blockchain unfolds. Glance will be accouterment added updates on the agitative innovations it has in development throughout the of 2018.

About Glance Technologies Inc.

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Glance owns and operates Glance Pay, a automated acquittal arrangement that revolutionizes how smartphone users accept area to shop, adjustment appurtenances and services, accomplish payments, admission agenda receipts, redeem agenda deals, acquire abundant rewards & collaborate with merchants. Glance offers targeted in-app marketing, geo-targeted agenda coupons, chump feedback, in-merchant messaging and custom rewards programs. The Glance Pay adaptable acquittal arrangement consists of proprietary technology, which includes user apps accessible for chargeless downloads in iOS (Apple) and Android formats, merchant administrator apps, a all-embracing technology hosting ambiance with adult anti-fraud technology and lightning-fast acquittal processing. Glance is alive on a rewards-based cryptocurrency, the whitepaper for which can be begin on the company’s website.

For added advice about Glance, amuse go to www.glance.tech.

For added information, contact:

Paola Ashton                                                                           VP Business Development                                                     833-338-0299                                                                         [email protected]                                                    

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Neither the Canadian Balance Exchange nor its Regulation Casework Provider (as that appellation is authentic in the behavior of the Canadian Balance Exchange) accepts albatross for the capability or accurateness of this release.

Forward-Looking Statements

This columnist absolution contains advanced advice or advanced statements (collectively “forward-looking information”) aural the acceptation of applicative balance laws. Advanced advice is about articular by words such as: “may”, “believe”, “thinks”, “expect”, “exploring”, “expand”, “could”, “anticipate”, “intend”, “estimate”, “plan”, “pursue”, “potentially”, “projected”, “should”, “will” and agnate expressions, or are those, which, by their nature, accredit to approaching events. These advanced statements, which absorb risks and uncertainties, chronicle to, amid added things, the altercation of Glance’s business strategies and its expectations apropos approaching operations (including advancing its abstruse roadmap and the Pay with Bitcoin feature), the advance of Glance’s blockchain infrastructure, Glance’s affairs with commendations to sales and marketing, the apprehension that Glance will advance advance and scale, risks accompanying to Glance’s approaching costs and controls, and expectations that the cardinal of downloads of Glance Pay will increase. Although Glance considers these advanced statements to be reasonable based on advice currently accessible to it, they may prove to be incorrect, and the advanced statements in this absolution are accountable to abundant risks, uncertainties and added factors that may account approaching after-effects to alter materially from those bidding or adumbrated in such advanced statements. Such accident factors include, amid added things, risks accompanying to the beta testing of Glance PayMeTM, risks accompanying to accomplishing of the new Pull the Bill, Adjustment from Table and Glance Pay with Bitcoin features, and authoritative risks accompanying to cryptocurrencies. The advanced advice in this columnist absolution is additionally based on assertive estimates, forecasts and projections, as able-bodied as expectations, behavior and assumptions, including, amid added things, that Glance will be able to accomplish its business objectives, that Glance will be able to advance proprietary software to apparatus its plans. For added advice with account to these and added factors and assumptions basal the advanced statements in this columnist release, see the area advantaged “Risk Factors” in the best contempo Annual Advice Form and Prospectus of Glance, which may be accessed through Glance’s contour on SEDAR at www.sedar.com. Glance cautions investors that any advanced advice provided by Glance is not a agreement of approaching after-effects or performance, and that absolute after-effects may alter materially from those in advanced statements. Undue affirmation should not be placed on such advanced information, as there can be no affirmation that the plans, intentions or expectations aloft which they are based will occur.

 

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