[May 23, 2018] |
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Glance Technologies Co-Founder Penny Green Congratulates Her Board Nominee Spiros Margaris for Being Named the World's Top Influencer in Fintech, Blockchain and AI
Penny Green, Co-founder, Director, and largest shareholder of Glance
Technologies Inc. ("Glance" or the "Company") (CSE:GET.CN) (CSE:GET.WT)
(OTCQB:GLNNF) (FKT:GJT), controlling 11.17%, congratulates her director
nominee Spiros Margaris for, this week, being named the top global
influencer in three separate categories: fintech, blockchain and
artificial intelligence.
The internationally-recognized rankings are determined by Onalytica -
the world's leading Influencer Relationship Management (IRM) SaaS
platform recognized by Gartner, Forrester (News - Alert) and major corporations - who
base their analysis on a thought leader's resonance (how much engagement
they are driving), relevance (number of tweets on topic), reach (number
of followers) and reference (how often they are referenced by other
influencers).
"Over the past several years, Mr. Margaris has gained a reputation as
one of the most knowledgeable fintech experts in the world. These three
top rankings - the triple crown of fintech - are clear examples of how
respected he is by the international fintech community," said Ms. Green.
"I'm thrilled to have Mr. Margaris as part of my slate and to be able to
leverage his reputation, his knowledge, and his international contacts
to take Glance forward. While it is unfortunate that Glance just saw fit
to dismiss him as an advisor and deny shareholders of his expertise just
days before this international honour, it does speak volumes about the
current board's lack of judgement in this area and self-preservation."
In addition to the number one rankings, Mr. Margaris also ranked 10th
in Onalytica's Insurtech influencer ranking, 10th in their
Bitcoin ranking and 12th in their Digital Transformation list.
IT'S TIME FOR A BOARD UPGRADE
Ms. Green is asking fellow shareholders to support her in reversing the
dramatic value destruction that has taken place at Glance over the past
several months, by electing Mr. Margaris and the rest of her
highly-qualified, and experienced director nominees (the "Nominees") at
the Company's Annual General Meeting on June 12, 2018. Along with Mr.
Margaris, Ms. Green's Nominees include herself, William Davis, Jonathan
Fry, and Monique Imbeault, all of whom bring superior skill-sets to the
current board and position Glance well for the future in what is a
fast-moving industry.
In addition to putting forward five Nominees to the board, Ms. Green's
information circular outlines a clear five-point plan for growth which
includes: A new management team; a strong revenue strategy which
includes pursuing a number of licensing opportunities; an aggressive
acquisition strategy; and a robust investor and media relations
strategies. These initiatives are expected to substantially increase
Glance's revenues, expand the Company's international reach, and rebuild
shareholder value.
"The current board just doesn't have the experience to take Glance to
the next level. Specifically, over the past year, our company has
evolved from a mobile payments company with one vertical to a company
with a tremendous opportunity to become a global leader in the
blockchain and cryptocurrency space," Ms. Green said. "As the one who
recruited the current board members to Glance, I am most qualified to
tell you that the opportunity at Glance has grown much bigger than they
are able to competently handle. While they will attack the Nominees I
have put forward, I am happy to have a discussion about the superior and
additive skill-set, experience, and international connections they bring
to the table."
With the industry's evolving nature, Glance needs a board that possesses
the most cutting-edge expertise and experience in big data, blockchain &
cryptocurrency and fintech - experience that the existing board just
doesn't have.
Experience/Skills
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William Davis III
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Jonathan Fry
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Penny Green
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Monique Imbeault
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Spiros Margaris
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Artificial Intelligence/Big Data
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Blockchain & Cryptocurrency
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Finance & Capital Markets
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FinTech/Mobile Payment
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In addition to the above, Ms. Green's slate includes:
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Established leaders across industries.
Ms. Green's Nominees are composed of men and women who are leaders
- and have existing networks - in a variety of fields, including food
services, cannabis, healthcare, security, finance, and digital
technology.
Nominee Highlights:
Jonathan Fry: Chairman of LifesDNA connecting fintech to the
wellbeing, lifestyle and healthcare sectors.
Monique Imbeault: Extensive restaurant industry experience as
former Chair and a director of Imvescor, a restaurant franchising
company. She was also Chair of the board of directors of cannabis
producer Organigram Holdings Inc.
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Proven fundraising ability. Ms.
Green's slate has a successful track record in finance and a
demonstrated ability to raise money in the capital markets.
Nominee Highlights:
Jonathan Fry: Former CEO of Premier Asset Management PLC
which had over £1 billion under management.
Penny Green: Helped over 100 companies go public creating over a
billion dollars in shareholder value.
Monique Imbeault: Involved in Imvescor's initial public offering
as an income trust and when it became a Toronto Stock Exchange-listed
issuer.
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Digital leadership. While
the current board has a stale skill-set, Ms. Green's director
Nominees are at the forefront of the evolving fintech industry.
Nominee Highlights:
William Davis III: Formerly, Chief Information Officer and Chief
Cybersecurity Officer at Europe's largest mobile payment firm Daopay.
Mr. Davis is also Managing Director LDJ Capital, a family office based
in New York, which has become one of North America's largest Initial
Coin Offering (ICO) advisors.
Jonathan Fry: CEO of TeamBlockChain, a UK-based influencer
network assisting organizations' transition to the blockchain economy.
As an international blockchain and crypto currency expert, Mr. Fry is
regularly asked to speak at industry conferences and events.
Spiros Margaris: A leading fintech thought-leader named the
world's top influencer in fintech, blockchain, and artificial
intelligence.
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Software and technology development
experience. Ms. Green's slate includes Nominees who
have experience in developing software and overseeing development of
new technologies.
Nominee Highlights:
William Davis III: Software development and developer management
experience on platforms including VB.Net, Pivotal, Informatica, Brio,
Cognos (News - Alert), and Marquis Market Tools.
Penny Green: Experience overseeing the development of an online
music platform, an e-commerce platform, and several streaming media
sites.
Spiros Margaris: A senior advisor to tech-focused companies
including Datanetrex AI Limited and Arbidex.
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Governance expertise. Ms.
Green's slate includes Nominees with extensive governance expertise.
Nominee Highlights:
Monique Imbeault: Received her ICD.D designation in 2013 and
continues to be active with the Institute of Corporate Directors. She
has also chaired the boards of Imvescor Restaurants Inc. (now owned by
MTY) and Organigram Holdings Inc. which are both publicly traded.
Penny Green: Ms. Green has sat on a number of boards of public
companies.
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International Experience. In
stark contrast to management's west coast based slate, Ms. Green's
Nominees are truly international and bring worldwide contacts and
opportunities to Glance. Mr. Margaris is based in Switzerland, Mr. Fry
in the UK, Mr. Davis in New York, and Ms. Imbeault in New Brunswick.
Having "feet on the ground" in arguably some of the most important
global financial centers in the world (ie: New York and London) will
give the new board an advantage the current board does not have.
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New ideas and perspectives: With a
wide range of experiences, Ms. Green's director Nominees bring outside
views that foster differentiated and innovative thinking.
Full bios of all of Ms. Green's Nominees are available at
GlanceForward.com.
VOTE FOR A REFRESHED BOARD THAT WILL BUILD VALUE FOR ALL
SHAREHOLDERS
Ms. Green's Nominees have the right mix of expertise, knowledge, and
fresh perspectives to halt the share price erosion and take Glance
global.
In stark contrast, Glance's current board have ignored suggestions to
build value, have failed to execute on deals already closed, and lack
the experience and ability to capitalize on new international
opportunities.
Your vote can turn the page on the current board and their value sapping
track record. Shareholders are encouraged to review the proxy materials
at GlanceForward.com and vote the GREEN proxy form or GREEN voting
instruction form FOR Ms. Green's director Nominees.
Don't wait, voting is fast and easy - please vote well in advance of the
proxy voting deadline of Friday, June 8, 2018 at 10:00 a.m. (Pacific
Time). If you have questions or need help voting, contact Kingsdale
Advisors at 1-866-581-1513 or at [email protected].
ADVISORS
Kingsdale Advisors is acting as strategic shareholder and communications
advisor and Koffman Kalef LLP is acting as legal advisor to Ms. Green.
Forward-Looking Statements
Certain statements contained in this news release constitute
"forward-looking information" as such term is defined in applicable
Canadian securities legislation. The intentions of Penny Green
("Concerned Shareholder"), the impact of the Concerned Shareholder's
Nominees, if elected, on the financial condition, operations, business
and strategies of the Company, future management and other matters
related to the Company, are intended to identify forward-looking
information. All statements other than statements of historical fact may
be forward-looking information. Such statements reflect the Concerned
Shareholder's current views and intentions with respect to future events
and are subject to certain risks, uncertainties and assumptions.
Material factors or assumptions that were applied in providing
forward-looking information, include, but are not limited to, the actual
financial health of the Company, the support expressed by shareholders
to the Concerned Shareholder and the current general regulatory
environment and economic conditions. Many factors could cause the actual
results, performance or achievements that may be expressed or implied by
such forward-looking information to vary from those described herein
should one or more of these risks or uncertainties materialize. Should
any factor affect the Company in an unexpected manner, or should
assumptions underlying the forward-looking information prove incorrect,
the actual results or events may differ materially from the results or
events anticipated. Any such forward-looking information is expressly
qualified in its entirety by this cautionary statement. Moreover, the
Concerned Shareholder does not assume responsibility for the accuracy or
completeness of such forward-looking information. The forward-looking
information included in this news release is made as of the date of this
news release and the Concerned Shareholder undertakes no obligation to
publicly update or revise any forward-looking information, other than as
required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180523006128/en/
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