Glance Technologies Announces RSU Plan and Grants

Vancouver, Canada / December 10, 2019 / Glance Technologies Inc. (CSE:GET / OTCQB:GLNNF / FKT:GJT) (“Glance” or the “Company”) one of Canada’s leading mobile payments and customer loyalty platforms, today announced the implementation of a restricted share unit (RSU) award plan (the “RSU Plan”).

Subject to ratification by disinterested shareholders at the Company’s next Annual General Meeting (“AGM”), the Company has initially awarded 1,126,000 RSUs to employees of the Company, of which 865,000 vest over 36 months, in equal quarterly installments and 261,000 vest subject to meeting certain conditions or performance milestones.

Pursuant to the terms of the RSU Plan, the number of RSUs issuable under the RSU Plan, together with the number of common shares issuable under options that are outstanding under the Company’s Stock Option Plan, will not exceed 10% of the issued and outstanding common shares as at the date of a grant under the RSU Plan or the Stock Option Plan, as the case may be.

“This combination of salary and equity is designed to incentivize employees,” said Glance’s Interim CEO Jonathan Hoyles. “Allocating RSUs to Glance employees fosters an ownership mentality at the Company and is also consistent with our efforts to spend wisely, conserve cash and maintain a lean culture. We understand the importance of continually re-enforcing a cost-conscious culture, particularly in a business incurring net losses.”

Hoyles has agreed to receive one-fifth of his current remuneration in the form of RSUs and the Board has also agreed to take 50 per cent of its current board compensation in the form of ongoing grants of RSUs. Similar packages have been and will continue to be offered to future employees with the goal to weight individual compensations to RSUs and stock options rather than cash.

In a similar arrangement, Paola Ashton, VP Business and Client Development, has agreed to receive one-fifth of her compensation in the form of stock of the Company.

“These plans are very common in startup environments where it takes time to get to cash flow positive and companies such as Glance look for a compensation strategy that builds a long-term and high level of commitment,” explained Hoyles. “RSUs can effectively engage employees in the longer term and create a sense of ownership.”

“Moreover, it lessens the up-front financial burden of paying out competitive market salaries, and it attracts employees who are committed to working harder in order to ensure their financial well-being and the success of the company.”

A description of the RSU Plan and the awards made under such plan will be set out in the Management Information Circular of the Company, which will be sent to shareholders and filed on SEDAR in connection with the AGM.

About Glance Technologies

Vancouver-based Glance Technologies is the parent company of Glance Pay (https://glancepay.com), a streamlined mobile payment app and loyalty management platform that provides fast, frictionless payments and digital rewards, resulting in a better customer experience. Glance Pay has established a foothold in the full-service restaurant sector where the platform enables merchants to not only accept in-dining mobile payments, but also automate loyalty, and instantly deliver rewards to customers based on their purchasing patterns.

For more information, contact:

Jonathan Hoyles

Interim Chief Executive Officer

833-338-0299

investors@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: “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 forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance’s business strategies and its expectations concerning future operations, that in time Glance could become cash flow positive, and that Glance’s compensation strategy will build a long-term and high level of commitment from its employees. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The forward-looking information in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its business and technology development objectives. 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.

Glance Technologies Nominated FinTech Company of the Year

Vancouver, Canada / November 18, 2019 / Glance Technologies Inc. (CSE:GET / OTCQB:GLNNF / FKT:GJT) (“Glance” or the “Company”) one of Canada’s leading mobile payments and customer loyalty platforms, is pleased to announce that it has been nominated for FinTech Company of the Year at the 5th Annual Canadian FinTech & AI Awards. The winner will be announced on November 18th at an awards gala in Toronto.

This award is presented to an established FinTech company in Canada that has provided financial products or services for over four years and is actively engaged in innovation creation.

“Being nominated for this award is an honour,” said Glance’s Interim CEO Jonathan Hoyles. “We are thrilled to receive this recognition for our innovation and collaboration in the mobile payments and digital loyalty space. It’s a testament to our team’s dedication to make mobile payments frictionless, fast and easy while also making it more rewarding and engaging.”

In addition to being nominated for FinTech Company of the Year, Glance has also been nominated in two other categories: Blockchain Company of the Year and Payments Company of the Year.

Last year, Glance filed a provisional patent application with the U.S. Patent and Trademark Office directed at methods, systems and techniques for cryptographic token transfers. The technology described in this patent would allow merchants to reward customers and provide them with deals and incentives via loyalty reward tokens that could be transferred or converted to other digital currencies.

“The aim for Glance is to make digital currency payments practical for day-to-day payment situations,” said Hoyles. “We believe there are significant opportunities for the early pioneers such as Glance in this space.”

The Canadian FinTech & AI Awards is Canada’s largest and most prestigious FinTech event with over 3,000 Attendees from the banking, legal, finance, tech, startup and blockchain community. To learn more, visit http://www.fintechawards.org/ .

About Canadian FinTech & AI Awards

The 5th Annual Canadian FinTech & AI Awards, hosted by the Digital Finance Institute, is to recognize and celebrate Canadian innovation in financial technology and in artificial intelligence. The goal of the Awards is to bring together, on an annual basis, Canada’s technology leaders in finance to celebrate each other and support Canadian technology in finance from coast to coast.

About Glance Technologies

Vancouver-based Glance Technologies is the parent company of Glance Pay (https://glancepay.com), a streamlined mobile payment app and loyalty management platform that provides fast, frictionless payments and digital rewards, resulting in a better customer experience. Glance Pay has established a foothold in the full-service restaurant sector where the platform enables merchants to not only accept in-dining mobile payments, but also automate loyalty, and instantly deliver rewards to customers based on their purchasing patterns.

For more information, contact:

Jonathan Hoyles

Interim Chief Executive Officer

833-338-0299

investors@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: “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 forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance’s business strategies and its expectations concerning future operations, the expectation that there will be significant opportunities for Glance as a pioneer in the digital currency space, the expectation that Glance will be successful in its application for a provisional patent directed at methods, systems and techniques for cryptographic token transfers. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things. 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.

Glance Technologies Reports Third Quarter 2019 Results

Vancouver, Canada / October 29, 2019 / Glance Technologies Inc. (CSE:GET / OTCQB:GLNNF / FKT:GJT) (“Glance” or the “Company”) ​today announced financial results for the three- and nine-month period ended August 31, 2019.

Financial Summary

The net loss was $3,643,238 or $0.03 per share in Q3 2019. The adjusted EBITDA for Q3 2019 was a loss of $949,279 compared to a loss of $2,352,648 in Q3 2018.  A significant factor of the net loss in the current period was a decrease in the market value of the marketable securities owned by Glance, producing an unrealized loss of $2,210,457 for the current three months.

Operating expenses were $1,125,300 in Q3 2019, compared to $3,074,163 in Q3 2018, a decrease of 63%.  Working capital at August 31, 2019 was $4,143,661 and the Company has no long-term debt.

“This quarter represents a major pivot to improve the cost structure and productivity of our business,” said Glance’s Interim CEO Jonathan Hoyles. “We will continue to focus on reducing costs and bettering the performance of our business to create value for our customers, employees, and shareholders. I am encouraged by the improvements we are making inside Glance and the new direction we will be taking with our platform.”

During the third quarter, Glance took significant action to improve its cost structure and better use its cash resources. The operating expenses in Q3 2019 decreased by 63% year over year, and the Company is committed to spending efficiently going forward.

As previously reported, one example of how Glance has decreased expenses is by moving to a nearby, smaller office space, which reduced monthly office lease costs to $15,000 from $50,000 and achieved a cost reduction of $35,000 per month.

“Glance made meaningful progress this quarter to streamline operations and change our unit economics,” said Hoyles. “We’ve re-aligned our talent to focus on our most important initiatives and are solidly focused on delivering enhancements to our mobile payment and loyalty platform that will provide more value.”

Activity this quarter includes entering into a mutual referral agreement with Squirrel Systems to expand reach and generate a passive channel of customer acquisition, as well as entering into an agreement with EasyPark where drivers can pay parking tickets on the spot using Glance Pay while Glance captures more end users through in-app marketing. In addition, Glance appointed Neil Crist to the Glance Board of Advisors to advise on the Company’s U.S. expansion plans.  Glance believes this appointment will better round out the advisory team and add additional value to the Company.

The Company’s marketing team also reviewed the Glance Pay® brand with the goal of having both merchants and end users understand what that brand is and where it’s going. Our findings indicate the Glance Pay® brand does not resonate enough with audiences, specifically millennials, and they want a more powerful engagement platform that rewards them for their loyalty. Once this review process is fully completed, which includes testing new features and revisiting our brand, our team will provide an update.

 Subsequent Events

We are pleased to report that we made progress on a number of our strategic priorities. Immediately following the end of the third quarter of 2019 we:

  • Right-sized the Company to respond to our business needs more efficiently, reduced head office spend, and improved accountability and visibility across teams
  • Better aligned key talent against our most important initiatives and recruited new talent
  • Eliminated non-core products and features to free up capacity of our technology and research and development team
  • Launched a new marketing video to increase our social media presence
  • Signed and onboarded a new merchant in Toronto
  • Appointed a new Chief Financial Officer.

Outlook

Looking ahead, the Company is well-positioned for growth in the restaurant sector where only about one third of restaurants accept mobile payment and operators admit they are lagging in technology use.

“We are confident in our ability to successfully launch an enhanced version of our mobile payment and loyalty platform in the coming months,” said Hoyles. “With our strategic investment in the right people and our focused effort in driving efficiencies across the Company, we are well-placed to deliver results in the next 12 to 18 months. We are doing everything in our power to propel the Company to a position of growth. We are up for the challenge and our team has rolled up their proverbial sleeves to make that happen.”

As previously mentioned, the Company’s strategic priorities for the coming year include:

  • Maximizing the number of merchants and end users, thereby increasing our revenue
  • Revamping our product features, repositioning our product and refreshing the brand
  • Further building relationships with POS companies
  • White labelling our platform to restaurant chains and players in adjacent vertical markets
  • Continuing to pursue US expansion
  • Signing enterprise accounts
  • Offering license rights in certain territories to allow us to scale more quickly
  • Working with additional re-sellers to more broadly distribute our payment / customer loyalty platform.

IFRS

The operational and financial information in this release is based on the consolidated figures in accordance with International Financial Reporting Standard (IFRS) and with the exception of information on investments and behaviour of markets, quarterly financial statements are reviewed by the Company’s independent auditors.

The Company’s complete financial results for the third quarter of 2019 are available in its Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis, each of which are filed with Canadian securities regulators at www.sedar.com.

 About Glance Technologies Inc.

Glance 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 & 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.

For more information about Glance, please go to www.glance.tech.

 For more information, contact:

Tracey St. Denis, CPA CGA                                      Jonathan Hoyles

Chief Financial Officer                                               Interim Chief Executive Officer

833-338-0299                                                              833-338-0299

investors@glancepay.com                                         investors@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: “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 forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance’s business strategies and its expectations concerning future operations, the expectation that Glance will be able to improve the cost structure and productivity of its business,  that Glance will be able to increase its revenue, revamp its product features, reposition its product and refresh the brand, further build relationships with POS companies, white label its platform to restaurant chains and players in adjacent vertical markets, sign enterprise accounts, license rights in certain territories to scale more quickly, engage re-sellers to more broadly distribute its products, generate both transaction and Software as a Service (SaaS) fees. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things, risks that Glance’s software and applications may contain security problems, security vulnerabilities, or defects in design or manufacture, including “bugs” and other problems that could interfere with the intended operation of its software, risks related to delays in software development, risks related to the volatility of customer demand for Glance’s products, and the possibility that the expected benefits from the launch of new features will not be realized. The forward-looking information in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its business and technology development objectives. 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.

Glance Technologies – Letter to Shareholders

October 10, 2019 – Vancouver, B.C. Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET) (OTCQB:GLNNF) (FKT:GJT) is the owner of Glance Pay®, a mobile payments and digital loyalty platform.

Dear Shareholders:

This is my first letter to you as Interim CEO of our Company.

I would like to take this opportunity to update you on the current status of Glance and also have this letter serve as a document you can use as a reference for how we plan to move Glance forward over the next six to twelve months. We recently set clear goals and measures to drive progress toward achieving those goals in a short period of time. Progress always involves risks. As the saying goes, you can’t steal second base and keep your foot on first. It is my hope that with your support we can achieve a home run.

Our plans are ambitious but the lean and nimble team we have today is focused on delivering on our key priorities. We are working diligently to catapult Glance to the next stage of growth, and we will need your support and patience as we execute on our plans. In this letter, I’ll walk you through the actions we are taking to improve our financial position and strengthen our business.

Research and Development

We have been conducting quantitative and qualitative market research through external research, end user surveys and merchant interviews. Our findings reveal that end users want to be rewarded for their loyalty and they want more restaurant locations.

While our users love the convenience of being able to pay their bills quickly and easily, we believe that convenience alone is not enough to drive user adoption and send traffic and sales to our merchants. Our research shows that users want to be rewarded for their loyalty and receive deals and discounts based on their past purchases. They also want the ability to order in advance and receive suggestions on other items to try, or locations to check out based on their dining history and/or location.

At the same time, while merchants appreciate the revenue boost they may receive from quicker customer turnover, their number one reason to adopt new technology is to drive sales and traffic into their establishment.

They also want better insights into their customers: their eating and spending preferences, when and how often they dine, and who are their top customers. Armed with this data, a merchant can then engage customers through personalized campaigns, thereby not only retaining customers but also keeping them loyal and encouraging referrals to friends.

Merchants also want to improve operational efficiencies even further by tying in our payment platform into their POS system to accommodate pre-orders and have the ability to prepare orders more quickly.

The opportunity exists for Glance to further enhance and modernize the dining experience.

Our mobile payment and loyalty technology platform has the potential to do more, to enable merchants to not only provide their customers with the ability to self-pay real time and earn digital rewards, but also have a much more engaging customer experience.

We have bold plans to advance Glance to the next phase of growth. Before I outline what that is, I would like to take a moment to review our current status as a company.

Current Status

  1. We’ve right-sized the Company to respond to our business needs more efficiently, reduced head office spend, and improved accountability and visibility across teams.
  1. We’ve better aligned key talent against our most important initiatives and recruited new talent to the organization.

Our exceptionally able CTO, Gary Zhang, has agreed to be compensated for one-third of his time in Glance shares. Gary believes deeply in the value and promise of Glance, and this is demonstrated by his commitment to forego cash compensation in exchange for the potential future value of Glance stock.

We hired two talented new developers that are working on our new features including revamping our loyalty rewards program.

In addition, we continue to work with our U.S. advisor in planning out our strategy to grow in the U.S. market and have been connecting with executives of some mid-tier chains.

  1. We’ve eliminated non-core products and features such as Glance PayMe to free up capacity of our technology and R&D team.
  1. We’ve set fewer, more impactful priorities. This strategic clarity and focus allows Glance to sequence its efforts to maximize impact.
  1. We continue to reduce costs in many categories such as monthly subscriptions, investor relations and marketing expenses where we were not seeing a sufficient return on investment. Further, a sizeable reduction in our monthly costs was achieved by moving to our new, much smaller office at 555 Burrard Street in September. The monthly rent at our previous office was $50,000 per month. In September, we entered into a sublease for our new office and the rent is approximately $15,000 per month.

Marketing and Branding

We have been working with an outside marketing agency to build our social media presence. Part of our work with the agency includes launching a new video, which you can preview here: https://bit.ly/2MiaicQ. We will advertise this video on YouTube and other social media platforms in an edited and condensed format.

As we build out and launch new features, we’ll be focusing more on the loyalty and rewards aspect of our platform, ensuring that our product messaging and positioning resonates with our primary target market of millennials and that it conveys our unique value proposition.

Sales, Distribution and Pricing

We recently launched a new merchant, The Pint Public House at 277 Front Street in Toronto, which is a busy, high profile sports bar serving over 40 draft beers and chicken wings dressed with a choice of 40 sauces. If you’re in the area, please check out our newest merchant customer.

We continue to take a hard look at our business model and unit economics to see how we can reduce our cost of customer acquisition and generate more revenue.

I’m pleased to report that we have recently updated our product pricing and will be launching an eCommerce store to sell turnkey Glance Pay launch kits directly to restaurants. As previously announced, Glance is requiring that merchants pay a monthly subscription fee for both our PayByPhoto and integrated Real Time Bill solutions, post a thirty day free trial offer.  Moreover, we are looking into the possibility of charging a small user transaction fee, in addition to, the payment processing fee. This has become the standard in the mobile payments market and Glance has an opportunity to capture additional revenue. At the same time, we have identified areas of spending to eliminate such as promotional dollars where we do not see a sufficient return on investment.

 Future Objectives

As I mentioned, we are determined not to make the mistake of focusing on the wrong priorities, wrong revenue drivers, or ignoring the costs of growth. We will remain vigilant about moving our resources from areas of lower productivity to areas of higher productivity and yield.

Going forward, our roadmap over the next year includes:

  1. Maximizing the number of merchants and end users, thereby increasing our revenue
  2. Revamp our product features, reposition our product and refresh the brand
  3. Further build relationships with POS companies
  4. White labelling our platform to restaurant chains and players in adjacent vertical markets
  5. Continue to pursue US expansion
  6. Sign enterprise accounts
  7. Offer license rights in certain territories to allow us to scale more quickly
  8. Work with additional re-sellers to more broadly distribute our payment / customer loyalty platform

As well, we are always looking at new opportunities to expand our operations. While our present liquid resources in cash and marketable securities are available to fund our Company, we are also always alert to partnership, joint ventures, and acquisition opportunities.

Final Thoughts

I’d like to extend my sincere appreciation to Glance employees and the Board for their commitment and passion to advance this Company forward. We have work to do, but we’ve identified clear opportunities for improvement and are addressing them with focus and energy.

We are executing on the plan we’ve laid out to create value for our shareholders, for our merchant customers and our end users. Now it’s more about what we do than what we say.

Thank you for the opportunity to earn your confidence and trust.

Jonathan Hoyles

About Glance Technologies Inc.

Glance Technologies is the owner of Glance Pay® a smartphone payment application that enables merchants to provide their customers with quick secure payments, digital rewards, and a better customer experience.

For more information about Glance, please go to www.glance.tech.

For more information, contact:

Jonathan Hoyles

Interim CEO

(833) 338-0299

investors@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: “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 forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance’s business strategies and its expectations concerning future operations, the expectation that Glance will be able to improve its financial position and strengthen its business,  the expectations that Glance  will be able to increase its number of merchants and end users, that there will be demand for Glance’s turnkey launch kit through its eCommerce store, that Glance merchants will be willing to pay fees associated with Glance’s news pricing, that Glance will be able to increase its revenue, revamp its product features, reposition its product and refresh the brand, further build relationships with POS companies, white label its platform to restaurant chains and players in adjacent vertical markets, sign enterprise accounts, license rights in certain territories to scale more quickly, engage re-sellers to more broadly distribute its products, generate both transaction and Software as a Service (SaaS) fees. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among other things, risks that Glance’s software and applications may contain security problems, security vulnerabilities, or defects in design or manufacture, including “bugs” and other problems that could interfere with the intended operation of its software, risks related to delays in software development, risks related to the volatility of customer demand for Glance’s products, and the possibility that the expected benefits from the launch of new features will not be realized. The forward-looking information in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its business and technology development objectives. 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.

Glance Technologies Announces Change of Chief Financial Officer

September 5, 2019 – Vancouver, B.C. – Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET) (OTCQB:GLNNF) (FKT:GJT) is pleased to announce the appointment of Ms. Tracey St. Denis, CPA, CGA, to the Company as its new Chief Financial Officer. Ms. St. Denis will replace Issa Nahkleh as CFO effective October 1, 2019.

Interim CEO Jonathan Hoyles commented “We are pleased to welcome Ms. St. Denis to the team.  Ms. St. Denis has extensive experience and financial and accounting expertise which will support the growth and strategic direction of the Company.”

“It is clear to me that Glance has a committed team, supportive and engaged clients, and is an innovator in its space,” said Ms. St. Denis. “I look forward to helping the leadership team manage and maximize the Company’s growth opportunity.”

Ms. St. Denis is a Chartered Professional Accountant and Certified General Accountant with the Chartered Professional Accountants of British Columbia. She has more than 20 years of experience as a director and officer of public companies and is currently also the CFO of Turtle Island Corporation and is the Chief Accountant for THC Biomed Intl Ltd. Ms. Denis previously held the position of Chief Financial Officer for AgraFlora Organics International, Inc.

The Company thanks Mr. Nahkleh for his services and wishes him the best in his future endeavours.

About Glance Technologies Inc.

Glance Technologies is the owner of Glance Pay® a mobile payment and rewards platform that enables merchants to provide their customers with quick secure payments, digital rewards, and a better customer experience.

For more information about Glance, please go to www.glance.tech.

 For more information, contact:                                                                  

Jonathan Hoyles

Interim CEO

(833) 338-0299

investors@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: “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 forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of Glance’s business strategies and its expectations concerning future operations. Although Glance considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The forward-looking information in this press release is also based on certain estimates, forecasts and projections, as well as expectations, beliefs and assumptions, including, among other things, that Glance will be able to achieve its business and technology development objectives. 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.

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