Glance Technologies Co-Founder Penny Green Applauds the Launch of the World’s First Security Token Exchange, Proposes Initial Coin Offering for Glance
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jun 6, 2018--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%, welcomes the recent announcement of the world’s first regulated security token exchange as an example of the exciting opportunities that lay ahead in the cryptocurrency industry.
Last month, Overstock (NASDAQ:OSTK) subsidiary tZERO and the operator of the Boston Stock Exchange entered into a letter of intent (LOI) to form an exchange (ATS) to list and publicly trade security tokens for companies that issue, or convert existing stock to, security tokens.
In a recent article at TradersDNA.com, Jonny Fry —one of Ms. Green’s board nominees vying to be elected at the Company’s upcoming annual general meeting on Tuesday, June 12, 2018 — called the announcement a “significant step forward for the industry”.
“It potentially will allow cryptocurrencies to be traded on a regulated exchange which in time may be recognized, and so allow institutions who are currently managing over $80 Trillion according to Goldman Sachs and heading to $100 trillion, start moving some of this capital into cryptocurrencies,” said Jonny Fry, cryptocurrency thought-leader and Green board nominee.
SECURITY TOKENS AND THE OPPORTUNITY FOR GLANCE
An Initial Coin Offering (“ICO”) is a form of crowdfunding that allows businesses to raise capital by selling ‘investors’ digital coins instead of ownership of shares. Security tokens, entitle individuals to ownership rights providing them with the potential of future profits in the form of dividends, revenue sharing, or price appreciation.
The new exchange and its regulatory framework is expected to facilitate an increase in the number capital market investors trading in security tokens and will likely increase the overall market cap of cryptocurrencies.
“Glance is poised to launch an Initial Coin Offering for a security token in accordance with international securities regulations,” said Ms. Green. “Vote your GREEN proxy for a dream team to catapult Glance to a global leadership position in blockchain and cryptocurrencies.”
THE DREAM TEAM TO TAKE GLANCE FORWARD
With Ms. Green’s board nominees, Glance has a tremendous opportunity to become a global leader in the blockchain and cryptocurrency space.
William Davis, is a technology executive based New York with over 15 years of leadership experience working with companies involved in blockchain, cryptocurrency, mobile payments and big data; Jonny Fry is a globally-respected blockchain and crypto economics thought-leader; and Spriros Margaris was recently named the world’s top influencer in fintech, blockchain, and AI.
In contrast, the current board has no experience, of note, in the cryptocurrency industry and no track record in developing cutting-edge technology.
“Over the past few months, I’ve sadly watched Glance’s board of directors and management sit on the sidelines of the cryptocurrency boom because of a myopic, risk averse board that lacks any vision or industry knowledge,” Ms. Green said. “My slate of director nominees – including some of the world’s most sought-after leaders in the industry – has the experience, track-record and success, and international contacts to capitalize on these opportunities.”
VOTE FOR A BOARD WITH CUTTING EDGE FINTECH EXPERIENCE
Ms. Green is proposing a new board of qualified, experienced and respected nominees who bring the superior skill set required to increase value for all Glance shareholders.
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.
Even if you have previously voted another colour and want to change you vote it’s not too late – only your latest dated vote will count.
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@example.com.
For more information about Ms. Green, her nominees, and their plan please visit GlanceForward.com.
Kingsdale Advisors is acting as strategic shareholder and communications advisor and Koffman Kalef LLP is acting as legal advisor to Ms. Green.
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, subdividing Yield shares and their distribution to Glance shareholders, are all 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, the proposed subdivision of Yield shares and their distribution to Glance shareholders, are all forward-looking information. 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/20180606005886/en/
CONTACT: Kingsdale Advisors
Ian Robertson, 416-867-2333
Executive Vice President Communication Strategy
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE
SOURCE: Shareholder of Glance Technologies
Copyright Business Wire 2018.
PUB: 06/06/2018 10:37 AM/DISC: 06/06/2018 10:37 AM