VANCOUVER, British Columbia, April 15, 2019 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET) (OTCQB:GLNNF) (FKT:GJT) today announced it is participating as an exhibitor at the Northwest Food Show held in Portland, Oregon, April 14th and 15th.
The Northwest Food Show is the largest and most established in the Northwest and draws an eclectic and broad range of food-related vendors, distributors, and representatives from across the United States, with a large percentage of attendees being restaurants, bars and hotels.
Glance has engaged with both the Washington Hospitality Association and the Oregon Restaurants and Lodging Association, as an allied member, to provide a mobile payment solution to their restaurant and hospitality members located in the Pacific Northwest region.
According to the National Restaurant Association, Washington and Oregon combined have a total of more than 26,000 eating and drinking locations and had estimated annual restaurant sales of $23.2 billion in 2018.
The cities of Seattle and Portland are great opportunities for Glance’s expansion: both cities have burgeoning restaurant scenes that are experiencing rising rents, increased competition, a tight labor market and rising labor costs due to minimum wage hikes. Glance’s Real-Time BillTM and upcoming Order from TableTM features present the perfect solution for restaurants looking to leverage in-restaurant technology to reduce their expenses and increase revenue.
“We see the western U.S. region as a great opportunity due to multiple trends coalescing such as rising labor costs, a tight labor market, and the increasing adoption of restaurant technology,” says Desmond Griffin Glance Technologies CEO, “We think apps such as Uber, Starbucks, and PayByPhone have primed consumers for technologies such as Glance in these markets.”
About Glance Technologies Inc.
Glance Technologies is the owner of Glance Pay® and Glance PayMe, a pair of complementary smartphone payment applications that enable merchants to provide their customers with quick secure payments, digital rewards, and better experiences. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging, custom rewards programs, digital receipts, and digital deals.
For more information about Glance, please go to www.glance.tech.
Desmond Griffin, CEO
Investor questions:
(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 Glance’s Real-Time Bill and upcoming Order from Table feature presents the perfect solution for restaurants looking to leverage technology to reduce their expenses and increase revenue, and that this the perfect time for the expansion of Glance Pay. 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 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.
