Startup - Payment Segment "GLANCE TECHNOLOGIES"

To accelerate the progress of this app and our core technology, we have strengthened our team with the addition of employees with valuable experience gained at other leading technology companies.

Our plan is to provide a loyalty mechanism that allows Glance users to spend accumulated rewards within a larger marketplace. We also anticipate that by rewarding Glance users with our token, we will enable everyday individuals to get involved with cryptocurrency and hopefully encourage widespread adoption.

We believe blockchain and cryptocurrencies are fundamentally transformative technologies, providing significant opportunities for the early pioneers in this space. According to Coinschedule.com, over $3.7 billion USD was invested in cryptocurrency initial coin offerings in 2017. That large influx of capital investment should accelerate the advance of fundamental blockchain platform technology as well as applications and more widespread adoption of the technology in the next few years.

Our second quarter so far

The second quarter of 2018 has been our most successful quarter to date in terms of customer expansion and adding new merchants. We have signed more than 140 locations, and added our largest restaurant chain to-date, including our first significant U.S.-based restaurant chain. In May, we also hosted a very successful blockchain conference in Vancouver, building recognition for Glance’s brand and capabilities.

Over time, we expect that increasing usage of our app, combined with new features, will deliver a growing stream of monthly revenue from merchants through a tiered Software-as-a-Service subscription model. This will be in addition to our ability to generate new revenue from transactions, advertising, promotions, and consumer fees for premium features.

With a disruptive new technology like ours, it takes time to establish critical mass. However, once critical mass is achieved, it can become viral very rapidly. We are working towards that tipping point, having carefully developed and proved the technology locally (in Vancouver), just as I did at PayByPhone, and are now beginning to expand internationally.

Licensing

Euro Asia Pay Holdings Inc. (“Euro Asia Pay”) was the first company to seek a licensing agreement with Glance when they approached us in the spring of 2017. We announced our letter of intent with Euro Asia Pay in April 2017 and the definitive agreement in October 2017.

Euro Asia Pay was keenly interested in us because it was aware of PayByPhone’s history of success with mobile payments. Our team, with myself in the lead, developed a solid relationship with Euro Asia Pay’s team and closed the licensing transaction.

This licensing transaction was based on similar models that I used in earlier ventures that had resulted in operational success. All of our licensing transactions are based on the innovations and technology platform we have built, and are continuing to build. We are continuing to look for more opportunities to leverage our technology.

We are also exploring licensing opportunities for the BlockImpact cryptocurrency and blockchain platform that we acquired last year to accelerate our blockchain development. These licensing opportunities would go beyond our rewards token initiative.

A model of success for Glance

Glance is following the successful business model of Vancouver-based PayByPhone (formerly Verrus Mobile Technologies), an internationally successful mobile payment company that I co-founded and was CEO of from inception until it was acquired.

During this period, the PayByPhone team took the 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.

As with PayByPhone, we are proving our technology locally, in Vancouver, and then setting the stage for new geographical markets. That stage-setting is already underway, with new restaurants signing up in California and with our new offices in the U.K. and Australia.

Our financial resources

At the end of our most recent fiscal quarter we had over $13 million of cash, and no debt. We have a solid runway because we have worked hard to become more efficient in our spending since the termination of the dissident shareholder’s consulting agreement in February.

It is worth noting that I have raised more than $40 million throughout my tenure at PayByPhone and at Glance.  My experience at Glance has been that investors generally wish to deal with the CEO and my track record with PayByPhone has been the foundation for Glance’s credibility. Should Glance require more capital in the future, as CEO I will continue to oversee our fund raising efforts and am confident that investors will be interested in Glance’s future.

Our key competitive advantages

A key competitive advantage for Glance from the outset has been our sophisticated anti-fraud technology. At a similar stage, even much larger companies have experienced significantly higher rates of fraud, such as an estimated 6% fraud rate in the early months of Apple Pay. We have had zero instances of fraud dating back well over a year, and that’s a major consideration for merchants. This stellar track record bodes well for our future.

At the outset, Glance targeted full-serve restaurants because we saw an obvious benefit to customers paying for the meals more quickly and allowing the restaurant to seat their next client while offering automatic rewards and incentives to drive repeat usage. We continue to enter new industry verticals such as salons, automotive and parking tickets, despite the distraction of the unnecessary proxy contest.

Glance has embarked on a strong and fruitful path

By establishing the usability of our technology, expanding our target market to a broader array of merchants, improving capacity for monetization with more products, raising significant capital, eliminating fraud and strengthening our product offering, we feel Glance has embarked on a strong and fruitful path.

We firmly believe that mobile devices are the future of payments and consumer engagement, and we believe blockchain is a fundamentally transformative technology. According to iResearch, mobile payments are the dominant form of payment in China, where annual payments already amount to trillions of U.S. dollars on an annual basis.

We believe Glance is well positioned to take advantage of these technological trends as we continue to build our technology and expand our network of merchants and consumers. Every year mobile phones advance significantly, accelerating the transition to mobile payments and giving us even more tools for innovation.

We value all our merchants, users, and shareholders, and we thank you for your support. We are excited about the future and we have a fantastic team to execute. We hope you protect your investment by voting the BLUE proxy for Glance’s nominees.

Sincerely,

“Desmond Griffin”    


danke Desmond bin froh investiert zu sein :)

I’ve lead the company with the experience gained at my first company, PaybyPhone, which expanded to process tens of millions of mobile payments annually for millions of consumers in over 100 cities around the world and grew to be the largest worldwide mobile payment solution when I sold it in 2011. “Desmond and Angela have the experience, they’ve seen how business has changed, said Paola Ashton, Glance Technologies’ Vice President of Business and Client Development. “We have attracted — because of them — this top tier talent, coming from LinkedIn, coming from Disney and Electronic Arts.” The makeup of the team was no accident. I’ve assembled a dream team of passionate, motivated and highly intelligent people to take Glance Technologies into the future. It’s extremely unique and I think its something that really motivates all the employees here.

müsste doch ein wenig Schwung in den Kurs reinkommen zwecks den Wahlen, oder sehe ich das falsch?
Hier mal ein interessanter Artikel (Ausschnitt), ich habe ihn direkt mal übersetzen lassen ...

Penny Green, Mitbegründerin, Direktorin und größte Aktionärin von Glance Technologies Inc. "("Glance" oder das "Unternehmen") (CSE:GET.CN) (CSE:GET.WT) (OTCQB:GLNNF) (FKT:GJT), das 11,17% kontrolliert, schlägt eine finanziell lohnende Aktiendividende für alle Glance-Aktionäre vor, falls ihre Kandidaten auf der kommenden Hauptversammlung des Unternehmens am Dienstag, dem 12. Juni 2018, gewählt werden. Gemäß dem Vorschlag erhalten die Aktionäre von Glance 1 Aktie der The Yield Growth Corp. "("Ertrag") für je 6,5 Aktien im Besitz von Glance Technologies.

Yield (ehemals Cannapay Financial) - von denen Frau Green Mitbegründerin, Präsidentin und Geschäftsführerin ist - baut Marken und Unternehmen im Cannabisbereich auf, darunter Loop Insights, das Verbraucherinformationen für lizenzierte Cannabis-Betreiber sammelt; Juve Wellness, eine Cannabis-Lifestyle-Marke, die alltägliche Wellness-Produkte anbietet; und Thrive, die einen Cannabis-Produktlieferdienst aufbaut. Anzeige Was ist Blockchain und warum wird sie die Wirtschaft revolutionieren? Kryptowährungen wie Bitcoin genießen die gesamte Aufmerksamkeit, doch es ist die zugrunde liegende Blockchain-Technologie, die die globale Wirtschaftswelt revolutionieren wird. Sie könnte für die Branche im Allgemeinen ebenso wichtig werden wie das Internet für die Gesellschaft. Mehr erfahren powered by finative Im Jahr 2017 unterzeichnete Yield einen Vertrag mit Glance, der ihm das Recht einräumt, die mobile Zahlungstechnologie Glance Pay für den Einsatz in der Cannabisindustrie unterzulizenzieren. Im Gegenzug erhielt Glance 10.450.000 Yield-Aktien. STOCK SPILT BENEFITS GLANCE SHAREHOLDERS: Am 4. Juni 2018 schloss Yield eine zwei für eine Unterteilung seiner ausgegebenen Stammaktien ab, wodurch sich der Aktienbesitz von Glance auf 20.900.000 Aktien von insgesamt 78.091.134 ausstehenden Aktien erhöht. Frau Green schlägt vor, alle 20.900.000 Aktien an die Glance-Aktionäre als Dividende auf Kapitalrückzahlungsbasis auszuschütten. So erhält jeder Glance-Aktionär etwa 1 Renditeanteil pro 6,5 Glance-Aktien. Da Yield derzeit ein privates Unternehmen ist, wird es bei der Ausschüttung ein Emittent sein, der Bericht erstattet. Die Ausschüttung kann als vom Board of Directors von Glance beschlossene Dividende erfolgen oder über den Plan Of Arrangement, um die Ausschüttung in Übereinstimmung mit den US-amerikanischen und kanadischen Wertpapiergesetzen zu qualifizieren. Es gibt rund 22.000 Aktionäre von Glance international und alle würden auf einer Pro-Rating-Basis profitieren. Nach Abschluss aller gesellschaftsrechtlichen, rechtlichen und wertpapierrechtlichen Anforderungen ist Frau Green überzeugt, dass dieser Vorschlag zur Ausschüttung von Yield-Aktien an die Glance-Aktionäre einen erheblichen künftigen Wert für alle Glance-Aktionäre schaffen wird. "Yield Growth ist in der Lage, eine führende Position in der internationalen Cannabisindustrie einzunehmen", sagte Frau Green. "Ich freue mich über die Aussicht, den Aktionären von Glance Technology mit einer Aktiendividende von 20.900.000 Yield Growth-Aktien einen enormen Mehrwert zu bieten. Das Ergebnis wäre, dass die Aktionäre von Glance Anteile an zwei spannenden, wachstumsorientierten Unternehmen besitzen würden."

Glance Technologies Mitbegründer Penny Green kündigt Absicht an, mit der Aktiendividende fortzufahren, wenn Green Proxy gewinnt: Aktionäre erhalten eine Aktie der The Yield Growth Corp. für je 6,5 Aktien im Überblick | wallstreet-online.de - Vollständiger Artikel unter:
www.wallstreet-online.de/nachricht/...-6-5-shares-held-glance

Glance Technologies Co-Founder Penny Green Announces Intention to Proceed With Stock Dividend If Green Proxy Wins: Shareholders to Receive One Share in The Yield Growth Corp. for every 6.5 Shares Held in Glance | wallstreet-online.de - Vollständiger Artikel unter:
www.wallstreet-online.de/nachricht/...-6-5-shares-held-glance