Where Chinese Investors Meet Global Investment News and Opportunities

中國投資者探索環球投資新聞及機遇

Glance Technologies Inc (CSE:GET)

Summary

Glance Technologies Inc. (CSE:GET) is a publicly listed technology company based in Vancouver, Canada. The company is focused on simplifying consumer spending. The company’s flagship product, Glance Pay, is a streamlined mobile payment system that revolutionizes how smartphone users settle their bills, earn rewards, utilize promotions and keep track of expenses.

Market Overview

$0.400 (-11.110%)
Vol 234,245.00
10 Days Avg Vol 301,900.45
3 Mo Avg Vol 508,133.26
52 Wk Lo/Hi $0.165 - $3.840
YTD Price Gain % -80.49%
12 Wks Moving Avg 0.508000
200 Days Moving Avg 1.050125
Market Cap 54,354,276

Updated: Market Close, 08/15/2018

Company Background

Glance Technologies Inc. (“Glance”) is a CSE publicly traded company under the symbol “GET”. The Company was incorporated under the British Columbia Business Corporations Act on October 24, 2015. Glance, through it wholly owned subsidiary, Glance Pay Inc., owns and operates 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 rewards and interact with merchants.

Glance acquired blockchain and cryptocurrency in December 2017 and is working on a rewards-based cryptocurrency, the whitepaper for which can be found on the company’s website.

Highlights

Recent highlights include:
  • $1,402,779 revenue for the six month period ended May 31, 2018 (transactions and services)
  • Launched the ability to pay parking tickets – demonstrating the ability to use the mobile payment application in another vertical.
  • Hosted a full-day Blockchain Summit in May 2018 called The Future of Blockchain, featuring industry experts speaking on potential applications for blockchain and what businesses can do to prepare.
  • The Company’s first live locations in the U.S., its first U.S. restaurant chain (Uno Mas Mexican Grill) and the signing of Vancouver-based Freshslice Pizza, the largest restaurant chain in the Glance Pay network.
  • Opened offices in Melbourne, Australia and London, U.K., furthering the Company’s global presence.
  • Increased head count by 26% compared to Q1 2018, as the Company continues to invest in development and blockchain.
  • Glance Coin White Paper (the “White Paper”) was published, describing Glance’s plans to build a decentralized loyalty marketplace offering crypto payments with a loyalty reward token.
  • Building the Glance PayMe App - a downloadable merchant app, to allow any business or freelancer to download the app to their own mobile devices and sign up via the app, with the plan to get them up and running very quickly accepting payments and rewards with no custom hardware required.

Share Structure

As of August 7, 2018
Shares Issued 136,549,783
Warrants 16,518,790
Options 8,982,750
Fully Diluted 162,051,323

Other Information

Glance Pay is 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 a rewards-based cryptocurrency, the whitepaper for which can be found on the company’s website.   Glance is developing a rewards-based cryptocurrency built on blockchain technology, called Glance Coin. The Whitepaper outlining the company’s plans for Glance Coin can be found online at glancecoin.io. This coming development will empower Glance-partnered merchants to reward, incentivize and provide deals to their customers with a rewards crypto-token through Glance’s platform. Glance intends for the platform to enhance customer loyalty through a rewards token, which Glance users will be able to either spend promptly or accumulate for larger rewards within the broader Glance marketplace. This, combined with the merchant-empowering Glance PayMe App, is expected to become a powerful addition to Glance’s mobile payments ecosystem.

Management Profiles

Desmond Griffin

CEO

Desmond Griffin, CEO is Glance’s largest shareholder and has been a director since October 29, 2015. Before Glance, Mr. Griffin’s business achievements include co-founding Vancouver based PayByPhone (formerly Verrus Mobile Technologies) in 2000. As CEO of PayByPhone from inception until the business was sold, Mr. Griffin led the development of its mobile payment technology from a concept to a platform, processing tens of millions of mobile payments annually for millions of consumers around the world, making it one of the leading mobile payment apps in the market at the time. Mr. Griffin has a Bachelor of Business Administration from Simon Fraser University (1996) and a Chartered Financial Analyst designation (2000).

Angela Griffin

CTO

Angela Griffin joined Glance in 2016 as CTO. Prior to that she assisted in the development of Glance’s technology as a consultant. Ms. Griffin’s business achievements before Glance include serving as Chief Technology Officer and lead programmer for View Assessments Inc. of Richmond, BC (“View”) from 2004 to 2010. She helped transform View from a paper and telephone-based organization to one that relies on proprietary software for gathering and dispensing personality assessment information used for hiring, promotion, team building and career development. Ms. Griffin’s has a Bachelor of Computer Science Degree from the University of British Columbia (2002).

Laura Burke

CFO

Laura Burke serves as the CFO of Glance Technologies. Prior to her joining Glance, she was an auditor at KPMG, gaining a wealth of financial experience and engaging with publicly listed companies across multiple industries. Laura is a qualified Chartered Accountant (ACA, Ireland) and holds a Bachelor of Business Studies from Trinity College Dublin, Ireland.

Jonathan Hoyles

Chief Commercial Officer & General Counsel

Jonathan Hoyles is Glance’s Chief Commercial Officer & General Counsel. Prior to joining Glance, Jonathan was Vice President, Legal & General Counsel at the Skidmore Group. Prior to moving in-house, Jonathan practised law in the Capital Markets groups of two of Canada's leading international law firms. Jonathan has significant experience working on venture capital investments, public market financings and mergers and acquisitions. Jonathan has been admitted to the Bars of British Columbia and Alberta and holds a Juris Doctor from the University of New Brunswick and an MBA from Queen's University.

Lewisa Anciano

Chief People & Culture Officer

Lewisa Anciano serves as Glance’s Chief People & Culture Officer. Prior to joining Glance Technologies as Head of Human Resources, Lewisa led the human resources function as Vice-President, People at Coast Capital Savings, identified as having one of Canada's most admired corporate cultures. Recipient of the 2015 CPHR Human Resource Professional of the Year Award, Lewisa has enjoyed a multi-faceted career beyond HR with other award-winning organizations, in the areas of strategic planning, innovation management, corporate communications, organizational effectiveness, process transformations, as well as mergers and acquisitions. Lewisa holds a Bachelor of Business Administration in Marketing and a Masters in Organizational Management.

Paola Ashton

VP Business and Client Development

Paola Ashton is VP Business and Client Development for Glance Technologies Inc. Paola has 16 years of client management and sales experience for start-up and digital media companies where she has overseen teams of up to 25 people, generating more than $15M per year in revenues. She previously served as a VP of Sales for Agency Media, VP of Sales at Blink Media Works, Director of Sales for Chalk Media & VP of David Chalk Inc. until it was purchased by Research In Motion (Blackberry).

Do NOT follow this link or you will be banned from the site!