Glance Announces European Office in London, U.K.

VANCOUVER, British Columbia, March 14, 2018 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) is pleased to announce that it is setting up a new office in London, U.K., to explore opportunities for its technology in the U.K. and across Europe.

A long-standing global capital of finance, commerce, and innovation, London is a natural fit for bringing Glance's leading-edge mobile payments platforms to the European and global marketplaces. By expanding Glance's footprint there - the city is already home to Glance Coin CDO Zeeshan Mallick and key advisor Dinis Guarda - Glance will be on the doorstep of not only FinTech and crypto thought leaders, but also some of the world's most active mobile payments users: as of 2016, 74 per cent of British consumers use mobile payments,¹ while 68 percent of Europeans are also used to the technology.²

London was once again ranked the #1 Financial Centre in the world in the latest Global Financial Centres Index in September 2017.³ Additionally, London is a very active centre for cryptocurrencies, one of the most bitcoin-friendly cities in the world, based on the number of outlets accepting bitcoin payments,⁴ and home to several of the most prominent and most well attended blockchain conferences in the world, such as Blockchain Expo Global.

"Given its central importance to both the FinTech and crypto communities, its proximity to fast-growing mobile payment markets across Europe, and the fact it's already home to some of our key team members, opening this office is a natural next step in our expansion plans," says Glance CEO Desmond Griffin. "During the years growing my former venture, PayByPhone, London was one of the biggest, most active centres for our business globally, so I know first-hand the great opportunities this city presents."

Glance will be looking to expand its existing U.K. and European network through new partnerships, while also exploring the launch of its Glance Merchant, Glance Pay and Glance Coin products into the European markets.

If you are interested in finding out about business opportunities with Glance in the U.K. and across Europe, please email Zeeshan Mallick at [e-mail].

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¹ Visa Europe. "Mobile Payments Soar as Europe Embraces New Ways to Pay." Oct. 12, 2016. https://www.visaeurope.com/media/pdf/40172.pdf

² Visa Europe. "Mobile Money Takes Off as 77% of Europeans Use their Phones to Bank and Make Everyday Payments." Sept. 27, 2017. https://www.visaeurope.com/newsroom/news/mobile-money-takes-off-as-77-of-europeans-use-their-phones-to-bank-and-make-everyday-payments

³ Z/Yen Partners. "Global Financial Centres Index 22." September 2017. http://www.longfinance.net/images/GFCI22_Report.pdf

⁴ Crypto Coin Network. "The Top 10 (or 11) Bitcoin-Friendly Cities." Jan. 16, 2016. https://www.ccn.com/top-10-11-bitcoin-friendly-cities/

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.

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

For more information, contact:

[e-mail]

1-866-258-1249

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, 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. 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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Source: Glance Technologies Inc. via Globenewswire