GLANCE PAY ANNOUNCES ITS TECHNOLOGY HAS ELIMINATED FRAUD OVER A 5 MONTH PERIOD

Wednesday, May 17, 2017

May 17, 2017 – Vancouver, B.C. – Glance Technologies Inc. (OTCQB:GLNNF), (CSE:GET.CN), (CSE:GET.WT), (FKT:GJT)  is proud to announce a milestone for its fraud prevention technology: since Glance integrated the current version of its fraud prevention technology into the Glance Pay App 5 months ago, its platform has experienced zero fraud across its 78 live locations.

In contrast, according to the New York Times, during the initial months after Apple Pay’s launch merchants experienced approximately 6% fraud - in other words, 6% of payments conducted via Apple Pay were fraudulent and the merchants suffered the losses. 

“We are extremely pleased with the performance of our fraud prevention technology.  It is beyond our highest expectations.  We believe that our fraud prevention innovations have broad applications for virtually all non-chip & PIN payment scenarios and may be our largest asset to date,” says Glance CEO Desmond Griffin, “Our fraud prevention technology is a core part of the Glance Pay platform, including our Glance Pay Anywhere technology, and may be applied to a wide variety of scenarios to help protect merchants from fraud.”

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 food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go toGlance Technologies’ website

For more information, contact:

Christina Rao
Vice President, Investor Relations
(604) 723-7480

[email protected]

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 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.

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