- Highlights the superior additive
skill-sets and accomplishments of her director nominees vs.
Glance’s current board
- Ms. Green’s nominees meet Glance’s
future needs in a fast-changing industry vs. the current board who
are focused on operating within their limited comfort zone to the
detriment of shareholders.
- Encourages shareholders to vote GREEN
for change. For assistance voting contact Kingsdale Advisors at
1-866-581-1513 or contactus@kingsdaleadvisors.com
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 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
WilliamDavis III
JonathanFry
PennyGreen
MoniqueImbeault
SpirosMargaris
Artificial Intelligence/Big Data ■ ■ ■ Blockchain &
Cryptocurrency ■ ■ ■ ■ Finance & Capital Markets ■ ■ ■ ■ ■
FinTech/Mobile Payment ■ ■ ■ ■
In addition to the above, Ms. Green’s slate includes:
- 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.
- 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.
- 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.
- 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, 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.
- 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.
- 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.
- 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
contactus@kingsdaleadvisors.com.
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/
Kingsdale AdvisorsIan Robertson, 416-867-2333Cell:
647-621-2646Executive Vice President Communication
Strategyirobertson@kingsdaleadvisors.com
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