Greenland Corporation Announces Installation of Greenland Automated Check-Cashing Machine Into North Carolina Piggly Wiggly Chainstore And Introduction of Its Newest Payday Advance Software Technology
OCEANSIDE, Calif., March 2 /PRNewswire/ -- Greenland Corporation (OTC Bulletin Board: GLCP) announced the installation of the first Greenland automated check-cashing machine into the Piggly Wiggly chain of grocery stores in North Carolina. Piggly Wiggly stores provide supermarket services to customers in locations primarily in the Southeastern United States.
Don Johnson, the Company's sales representative in North Carolina, stated that Greenland machines have been installed in North Carolina and South Carolina and that he is thrilled not only with the performance of the machines but also with the enthusiastic customer response to the services.
Fiber Optic Frame Relay Upgrade
All of the field installed Greenland automated check-cashing machines have been upgraded to Sprint Fiber Optic Frame Relay technology, complete with state of the art Cisco Communication hardware. The reliability of the frame circuits has far surpassed expectations and are operating with 100% up-time.
First Beta Site Installation of Payday Advance Technology
Greenland has installed an automated check-cashing machine in Santee, California which will be the first beta site for Greenland's newest payday advance technology. The beta site, owned by Credit Solutions Corporation, will be operated on a joint venture basis with Greenland Corporation. The initial installation will include Greenland's standard financial functions and payday advance services will be added by April 1, 2000.
"Greenland is extremely pleased with the completion of its newest technology," said Dr. Louis Montulli, CEO of Greenland Corporation. "The technology was one year in the making and will enhance Greenland's revolutionary automated check-cashing ATM kiosk. Greenland will continue to develop new applications such as bill paying and wire transfer services through its technology development program to maintain its state-of-the-art status."
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. The company's common stock trades on the OTC Bulletin Board under the symbol "GLCP". Visit Greenland Corporation on the internet at www.greenlandcorp.com.
Except for historical financial information that may be contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties including, but not limited to, such factors as market demand, pricing, and changes in worldwide economic conditions.
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SOURCE: Greenland Corporation
CONTACT: Ed Sano, Investor Relations, Managing Director, 760-414-9941, for Greenland Corporation |
