Glance Announces Completion of the Acquisition of Cryptocurrency Technology Blockimpact

Wednesday, December 6, 2017

December 6, 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE: GET:CN) is pleased to announce the completion of the purchase of the Blockimpact end-to-end cryptocurrency and blockchain solution from Ztudium Inc. In addition to acquiring the technology, Glance intends to leverage Ztudium’s experience and expertise in the crypto space as consultants with Dinis Guarda, CEO of Ztudium, joining Glance’s board of advisors.

On December 5, 2017 Glance entered into a definitive agreement to acquire all of the intellectual property comprising the Blockimpact platform in consideration for payment to Ztudium of US$1.1 million, 80% of which has already been paid and 20% of which shall be paid on completion of the integration of Blockimpact with the Glance Pay mobile payment platform.

Glance is now initiating the integration of Blockimpact with Glance Pay

    Blockimpact is a complete end-to-end cryptocurrency blockchain solution, which includes the following features:

  • Biometric ID
  • Blockchain Distributed Ledger Technology
  • Digital messaging / group chat (with functionality similar to Whatsapp)
  • Financial wallet
  • Open application program interface (API)
  • Crypto/token/fiat wallet (which allows seamless conversion between currencies)
  • Reward system
  • Encrypted cyber security
  • In-app support system
  • Document sharing
  • Social network features
  • Peer to Peer marketplace functionality

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About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, customer feedback, in-merchant messaging and custom automated 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 Pay has entered into significant licensing agreements to access the cannabis, fitness and wellness, foreign student and tourist markets through Cannapay Financial Inc., Active Pay Distribution Inc. and Euro Asia Pay Holdings Inc.  Glance Pay is currently developing a rewards based cryptocurrency to be integrated into its platform.

For more information about Glance, please go to www.glance.tech or contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
[email protected]

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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.

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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: “will” “may” "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.  in particular, Glance may not be successful in building its planned cryptocurrency or there may not be sufficient support for the cryptocurrency to make it a success.


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.

CES:GET | Glance Technologies Inc. CES:GET | Glance Technologies Inc. CES:GET | Glance Technologies Inc.

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