VANCOUVER, British Columbia , June 19, 2018 (GLOBE NEWSWIRE) -- Glance Technologies
Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) (“Glance”, or the “Company”) today announced the publication of its Glance Coin
Whitepaper (the “Whitepaper”) which outlines its plans for a blockchain-based rewards platform utilizing smart contracts intended
to enable merchants to reward, incentivise, and provide deals to their customers using a cryptocurrency token. These reward tokens
are intended to allow users to accumulate rewards to spend when the user chooses within a larger decentralized platform.
“The Whitepaper is an essential step forward in our development of a blockchain platform for rewards and
payments,” said Desmond Griffin, Glance’s Chief Executive Officer. “We hope that by rewarding Glance users with our token, we will
enable everyday individuals to easily get involved in cryptocurrency and hopefully encourage widespread adoption.”
For more information on Glance’s plan for a new fiat/crypto currency payment and decentralized loyalty platform
please read our full Whitepaper at: glancecoin.io
Fully integrated and decentralized loyalty marketplace
In the Whitepaper, Glance describes its plan to develop a decentralized loyalty platform (the “Platform”) that
will be fully integrated with both the Glance Pay mobile payments platform and Glance’s own crypto-token, GC.
The Platform will enable users of Glance’s mobile payment solutions to easily, seamlessly and safely make and
accept payments in fiat- and non-security crypto-tokens, engage with merchants on the network, and enjoy valuable rewards through
programs tailored for the mutual benefit of merchants and consumers.
For users of the Glance Pay mobile payments app, the Platform will provide frictionless payments and valuable
rewards. Glance Pay users will be equipped with a set of digital wallets to manage their transactions. One wallet would be for use
within the decentralized loyalty platform, while the other would be for use externally, empowering the user to hold, buy or sell
cryptocurrencies while also offering fee-based token storage services.
Glance believes blockchain and cryptocurrencies are fundamentally transformative technologies and represent
significant opportunities for the early pioneers in this space. According to Coinschedule.com, over $3.7 billion USD was invested
in cryptocurrency initial coin offerings in 2017. Glance believes the large influx of investment in these technologies should
accelerate the advance of fundamental blockchain platform technology, applications and widespread adoption of the technology in the
next few years.
This announcement and the Whitepaper do not constitute an offer to sell securities, nor do they constitute a
solicitation of offers to buy any securities by any person in any jurisdiction. Glance may amend, supplement or issue subsequent
versions of the Whitepaper as development of Glance Coin progresses.
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 & 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 a blockchain solution and is working on Glance tokens as a rewards-based cryptocurrency.
For more information about Glance, please go to glancecoin.io or www.glance.tech.
For more information, contact:
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 forward-looking statements, which involve risks and uncertainties, relate to, among other
things, the development of a decentralized loyalty marketplace that will be fully integrated with both the Glance Pay mobile
payments platform and the GC crypto token, the belief that blockchain and cryptocurrencies are fundamentally transformative
technologies and represent significant opportunities for early pioneers in this space, the belief that a large influx of investment
in blockchain and cryptocurrency technology should accelerate the advance of fundamental blockchain platform technology,
applications and widespread adoption of the technology in the next few years, the expectation that the Platform will address the
needs of customers and merchants alike, and the expected functionality of the Platform for merchants and users of the Glance Pay
app. 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 related to the ability of Glance to develop the Platform on
schedule, if at all, the risk that the Platform will not fully address the needs of customers and merchants, the risk that the
Platform will not achieve widespread adoption, risks related to security of digital wallets, risks related to the regulatory regime
for cryptocurrencies still being under development and uncertain, risks relating to the potential for Glance to require regulatory
relief or other approval to operate the Platform and being unable to obtain that relief or other approval, the risk that the
advancement of blockchain and cryptocurrency will not continue to accelerate, the risk that blockchain and cryptocurrency will not
be fundamentally transformative technologies and the risk that securities laws may change. Forward-looking information and
forward-looking statements are in addition based on various estimates, forecasts and projects as well as expectations, beliefs and
assumptions, including, without limitation, that the Platform will address the needs of merchants and users, that Glance will be
able to obtain any necessary relief or approvals under applicable securities laws, that blockchain and cryptocurrencies are
fundamentally transformative technologies, that the large influx of investment in cryptocurrency and blockchain technologies will
accelerate the advance of fundamental blockchain platform technology, applications and widespread adoption of the technology, and
that the Platform can be developed and will function as anticipated. 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 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.