VANCOUVER, British Columbia, December 18, 2017 /PRNewswire/ --
Glance Technologies has the largest market cap of a new company to be added to the quarter rebalance and is the 5th largest company on the CSE25 Index.
"The CSE has grown rapidly in terms of trading volumes and market capitalization since the launch of the CSE25 Index in September 2017," says Robert Cook, Senior VP Market Department, Canadian Securities Exchange, "The corporate achievements of Glance Technologies has resulted in their joining this index which tracks our largest and most liquid issues. As the 'exchange for entrepreneurs' we are proud of their success in the Canadian capital markets."
The CSE25 Index contains the securities of the 25 largest listed companies by market capitalization on the CSE. The CSE Composite Index is a broad indicator of market activity for the CSE. With approximately 75% coverage of all equities listed on the CSE it is a uniquely positioned gauge of the Canadian small cap market. The index provides a distinctly different risk/return profile than the broad Canadian equity market.
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards and interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, social media marketing, 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 Pay has entered into significant licensing agreements to access the cannabis, fitness and wellness, foreign student and tourist markets through Cannapay Financial Inc, Active Pay Distribution Inc. and Euro Asia Pay Holdings Inc. Glance Pay is currently working on a cryptocurrency with reward elements for use on its platform.
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.
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: "will" "may" "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. 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 complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at http://www.sedar.com. in particular, Glance may not be successful in building its planned cryptocurrency or there may not be sufficient support for the cryptocurrency to make it a success.