OCEANSIDE, Calif., Sep 13, 1999 /PRNewswire via COMTEX/ -- Greenland
Corporation (OTC Bulletin Board: GLCP) announced the sale and
installation of a SmartCash ATM machine in Reno, Nevada.
Dr. Louis Montulli, CEO of Greenland Corporation stated, "On September
8, 1999, Greenland Corporation completed the sale and installation of a
SmartCash ATM machine in Reno, Nevada. The installation was at the Post
Dated Check Express located on 927 West 5th Street, Reno, Nevada. The
location is a small casino that operates on a 24 hour basis, features a
billiard parlor and check cashing facility."
Dr. Montulli indicated that this machine was purchased by an
independent service operator (ISO) associated with SmartCash ATM. The
machine replaced an existing ATM machine and features check cashing,
ATM, money order, and phone card services. He further stated that these
sales, although not in high volumes, are the core of the purchase
orders that will generate manufacturing fees and transaction fees for
the corporation.
Greenland Corporation is a manufacturing corporation with existing
product and product under development. The Company is currently
introducing an automated payroll check-cashing machine with full ATM
functionality, and money order dispensing services. A future service to
be included with the machine is advance payday loans.
This report contains forward-looking statements. Investors are
cautioned that such forward-looking statements involve risk and
uncertainties, which could significantly impact the actual results,
performance or achievements of the company or industry results. Such
risks and uncertainties include, but are not limited to, risks
associated with uncertainties relating to the timeframe for product
development and commercial introduction, impact of rapid technological
change and competition, manufacturing uncertainties and other risks
detailed from time to time in the Company's periodic reports filed with
the Securities and Exchange Commission.
SOURCE Greenland Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Ed Sano, Investor Relations Managing Director, Greenland
Corporation, 760-414-9941
WEB PAGE: greenlandcorp.com
GEOGRAPHY: California
Nevada
INDUSTRY CODE: CPR
SUBJECT CODE: PDT
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