Glance Technologies Inc. (OTCQB: GLNNF) (CSE: GET) is pleased to announce that it has signed its first restaurant in the United States, Ta’cul Mexican Cocina, located in California, to use the Glance Pay mobile payment app. Glance also announces that it has set up its United States head office in Silicon Valley.
“Our US expansion is key to our strategy of signing large North American restaurant chains,” says Glance CEO Desmond Griffin. “Silicon Valley is an ideal location for us to access the world’s premier high tech ecosystem as we continue to develop our technology.”
“Mobile payment is a game changer. We see people of all ages use their mobile phones in restaurants to take pictures of food to share on social media. Customers will love the convenience of paying for their bill with their mobile phone and collecting loyalty points. San Diego is ready,” says German Feuchte, owner of Ta’cul Mexican Cocina.
The US restaurant market is estimated to generate over $780 billion in sales annually.1
Over 230 restaurant locations are signed to use the Glance Pay app in Canada, which is now live in 4 provinces across Canada.
In August 2017, Glance announced a warrant exercise program incentivizing warrant holders to exercise their warrants prior to September 29, 2017 for potential proceeds of up to $1,968,000 through the warrant exercise program, plus additional funds that may be raised by the exercise of other outstanding options and warrants that are not part of the acceleration program. The proceeds of these warrant exercises are being used to fund Glance Pay’s expansion, including its US expansion. Since the announcement, Glance has received over $1,450,000 in proceeds from the exercise of incentive options, warrants, and broker warrants and options.
Sponsored News Content
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.