VANCOUVER, B.C. , Nov. 28, 2018 (GLOBE NEWSWIRE) — Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET.CN) (OTCQB:GLNNF) (FKT:GJT) today announced it is conducting live on site tests of its new “Real-Time Bill” feature with select merchants.
This cutting edge new feature, Real-Time Bill, enables users to view and pay their bill in real time directly from the Glance Pay App without needing to wait for a paper bill. The app identifies the user’s bill based on Quick Response (QR) codes or Near-field communication (NFC) tags at their table and accesses and settles the appropriate bill in real-time from the merchant’s point of sale system.
Real-Time Digital Bill was one of the reasons that Glance added the previously announced capability to integrate with more than an estimated 500,000 different POS installations in North America, thus opening this new feature to a broad market.
“Everyone has experienced frustration waiting for a bill at a restaurant or pub when they needed to get to a show, a meeting, or an airport,” says Glance CEO Desmond Griffin, “with our new Real-Time Bill technology, a user can choose to access their bill, pay, and go at anytime.”
This features allows merchants to offer a more convenient experience to their customers while increasing productivity, turning tables over more quickly and reducing costs related to processing paper. Further, by eliminating paper, merchants can operate in a more environmentally-friendly and sustainable way that aligns with Glance’s values.
After completing tests with select merchants, Glance plans to make the Real-Time Bill feature available to its merchant base by the end of its next fiscal quarter. Glance believes that innovative features such as Real-Time Bill and the upcoming “Order from Table” will make its platform more attractive to potential merchants and will improve its ability to generate Software as a Service (SaaS) fees from merchants.
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 a better customer experience.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
Paola Ashton
VP Business Development
(833) 338-0299
[email protected]
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 testing of Real-Time Bill will be successful and that it will be available for launch by the end of Glance’s next fiscal quarter, and the appeal of Real-time Bill. 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 objectives, that Glance will be able to implement its plans, and that Glance PayMe will operate as intended. 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.
