GREENLAND CORPORATION ADDS TO MANAGEMENT
Business Editors
SAN DIEGO--(BUSINESS WIRE)--June 26, 1998--Greenland Corp.
(NASDBB:GLCP) announced today that it has added to its management
team.
Lee R. Swanson has been appointed president of Greenland. Swanson
has more than 25 years of management and financial experience in
corporate and manufacturing organizations. He has previously served as
president of Gateway Educational Products, a $100 million educational
products company. Additionally, he has held executive operations
positions at Pleion Corp., Pacific Environmental Management, Nemark
Industries and Kaiser Aluminum and Chemical Corp. He received his BSBA
degree from Roosevelt University.
"We are pleased to have attracted an executive of Mr. Swanson's
background and experience," said Eric Gaer, chairman and chief
executive officer. "Mr. Swanson will be responsible for company
operations as we move forward in the development and deployment of new
technologies to serve traditional industries."
Additionally, Greenland announced that Thomas J. Beener has
joined the company as its general counsel and secretary. He has been a
practicing attorney for over 20 years, specializing in corporate and
securities law. Beener has previously served as counsel to a number of
public companies, including Onsite Energy Corp., a San Diego-based
energy services company. He received his B.A. from the University of
Iowa and his J.D. from Gonzaga University School of Law.
Greenland has been developing proprietary technology for the
utility industry. The company's AirLink system is a patent-pending
wireless communication technology designed to provide automated meter
reading and other remote services for utilities. The primary
application of AirLink is to serve the information gathering needs of
utility companies; a $15 billion market in the United States, where
approximately 300 million residential utility meters are operated to
monitor the use of electricity, natural gas and water.
In May, Greenland acquired Check Central Inc., developers of
proprietary technology which will provide automated check cashing,
money orders and ATM services from free-standing kiosks in retail
locations. Last year, over $1 billion in fees was generated by the
U.S. check cashing industry.
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CONTACT: Greenland Corporation
Eric Gaer, 619/566-9604 |
