VANCOUVER, British Columbia, May 10, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (“Glance”) (CSE:GET.CN)
(OTCQB:GLNNF) (FKT:GJT) today announced that it has launched the ability to pay parking violations and tickets via the Glance Pay
platform, providing more flexibility and value for Glance Pay users.
This new feature allows users to pay for parking violation tickets at the time of receipt instantly by snapping
a picture of the ticket via the Glance Pay app and confirming the amount - thus reducing headaches for consumers and potentially
saving them significant money by allowing them to avoid late payment fees and possibly vehicle impound fees. Additionally, Glance
is exploring the potential to apply this capability to other violation types and bill payments such as utility and service bills
(such as gas, cellular, wireless and cable bills).
A common scenario for consumers today who park in urban areas is to return to their vehicle to find a dreaded
$70 parking violation ticket on their windshield. If the ticket is not paid within a limited number of days, the payment amount can
increase significantly, sometimes by over $35 or more. Consumers often place the ticket in their glove box and carry on, hoping to
remember to pay it sometime in the future. Often the payment options are not convenient. For example, some jurisdictions still
require payment for traffic violations to be done by mailing checks or physically at the vendor or city hall. And if a few unpaid
parking tickets buildup, consumers' vehicles may be towed and impounded, which is quite inconvenient and costly.
Glance Pay has launched a trial version of its ticket payment capability in Vancouver, B.C. to help solve this
problem for consumers - and to potentially save them money and headache surrounding ticket payments. When a user receives a ticket,
on the spot they will be able to just snap a picture of the ticket via the Glance Pay app, confirm its amount, and the ticket will
be paid.
Parking ticket payments represent a significant source of revenue for municipalities, with some individual
parking authorities generating more than $100M annually from parking infraction notices alone.1
"The hassle of paying for parking and traffic tickets is something that we have wanted to solve for some time,"
says Glance CEO Desmond Griffin, "This is a natural fit for our Glance Pay application and we are excited by the opportunity it
presents. We believe there are many more payment scenarios like this which can benefit from our technology to improve convenience
for consumers and operators alike."
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1 https://www.toronto.ca/legdocs/mmis/2015/gm/bgrd/backgroundfile-78144.pdf
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.
More information about Glance can be found at www.glance.tech.
For further information:
David Jan
Investor Relations
1-866-258-1249
investors@glancepay.com
Paola Ashton
VP Business Development
604-839-0337
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 and features such as payment
capabilities for utility and service bills, 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. Such risk factors include, among other things, the risks related to the development
of a rewards-based cryptocurrency and integration into the Glance Pay app. 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.
