01/22 10:15 Installation Of First Automated Check-Cashing Machine Announced
by <GLCP.OB>
Installation Of First Automated Check-Cashing Machine
Announced by Greenland Corporation
SAN DIEGO, Calif., Jan. 22 /PRNewswire/ -- Greenland Corporation
(OTC Bulletin Board: GLCP) today announced that on January 7, 1999, it had
installed its first production ready, automated check-cashing machine in
Santa Ana, CA for beta testing. This machine is a freestanding kiosk with
automated payroll check-cashing capability, full ATM functionality, and money
order dispensing services. The machine was installed in a multi-service food
market.
The Company said that the beta testing has been successful and that
testing will continue for a total of 60 days.
The Company anticipates that another test site will be established in the
next ten days and that information being gathered will support demographic
data regarding the selection of site locations.
Lee Swanson, CEO and President of Check Central, the wholly-owned
subsidiary of Greenland that is developing this technology, stated, "The
response to the new machine and technology has been very positive. The
storeowner and customers have been very enthusiastic about having this service
available to them. Potential distributors and purchasers who have visited our
beta site have been very complimentary of the unit's appearance and the
simplicity in which it provides financial services. Based on the success of
these beta tests, the Company should begin to deliver production units by the
end of the first quarter 1999."
SOURCE Greenland Corporation
-0- 01/22/99
/CONTACT: Greenland Corporation, 619-566-9604; or Ed Sano, Managing
Director of Regents Capital West, 619-566-9604, for Greenland Corporation/
/Web site: greenlandcorp.com
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