Does this have anything to do with what we are trying to do??
Fli-by
To: +David Sirk (7436 )
From: +RCJIII
Monday, Aug 24 1998 9:47AM ET
Reply # of 7437
GLCP signs $2.3 million contract-
First Order Received for 100 Check Central Check Cashing ATMs by
Greenland Corporation
SAN DIEGO--(BUSINESS WIRE)--Aug. 24, 1998--Greenland
Corporation (OTCBB:GLCP - news) today announced that its Check
Central division has received its first order for check cashing ATMs.
The order, from an independent operator of ATM machines, is for 100
check cashing ATMs, to be delivered as needed between October, 1998
and October, 2000. Delivery of the first units under the order is subject
to final inspection and approval by the customer of the first
installation-ready unit. The total value of the order is $2.3 million.
Mr. Lee Swanson, chief executive office and president of Greenland,
stated, ''I am extremely pleased with the reception I've been getting
from potential customers we've introduced to the Check Central check
cashing ATM. Our customers can envision the tremendous market
potential of the 40 million Americans that don't have traditional banking
relationships, and they're anxious to get in on the ground floor of this
new technology. We met our target of having our first check cashing
ATM machine available for demonstrations to customers this month, and
deliveries to customers can begin once we have installation-ready units
off the production line.''
Greenland Corporation's strategy is to bring to market leading edge
automation technologies. Check Central, a proprietary system that
provides automated check cashing, money orders and ATM services
from automated check cashing ATMs, is designed to take the place of
overhead intensive check cashing stores. Some 6,000 check cashing
stores and thousands of other retail outlets in the United States generate
over $1 billion in check cashing fees annually. The AirLink system is a
patent-pending wireless communications technology for automated
reading of utility meters. The Company's strategy is to market this
technology to utility companies representing a market of approximately
300 million residential utility meters. For more information visit our
website at www.greenlandcorp.com.
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Contact:
Greenland Corporation, San Diego
619/566-9604
or
Magnum Financial Group, LLC
Michael Manahan, 213/892-2280 (Principal)
E-mail: msmanahan@magnumfinancial.com
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