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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: halfscot who wrote (2229)	12/2/1999 1:03:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 2278

Greenland Corporation Announces the Addition of ACS as a Second Major Distributor for SmartCash ATM Machines OCEANSIDE, Calif., Dec. 2 [PRNewswire] Greenland Corporation(OTC Bulletin Board: GLCP) announced the addition of ACS (Affiliated Computer Services, Inc.) as a second major distributor licensed to sell SmartCash ATM machines. Dr. Louis T. Montulli, CEO and Chairman of Greenland Corporation, stated that ACS (NYSE: ACS) and Greenland Corporation have signed a two year, non-exclusive distributorship agreement which allows ACS certain exclusive rights to represent SmartCash ATM's for sale in the United States." ACS Corporation is a diversified company with annual sales of approximately two billion dollars. Supported by field sales offices in most major cities, ACS Electronic Commerce Group (a division of ACS, Inc. based in Dallas, TX) provides processing for more than 17,000 ATM machines nationwide, and provides maintenance for more than 7,000 machines. Dr. Montulli of Greenland Corporation stated: "With this active field force and a deeply experienced corporate sales team, ACS provides Greenland nearly instant access to thousands of additional individual customers and a significant number of key corporate opportunities with an additional ten's of thousands of well organized chain store locations. In fact, as part of early planning for a Greenland/ACS relationship, ACS identified three major chain opportunities for early penetration and was awarded by Greenland an exclusive representation contract. As a result exploratory business discussions have already commenced with several large corporate opportunities." Pete DuPre', Senior Vice President, ACS Electronic Commerce Group, stated: "We are excited about this arrangement with Greenland. ACS is actively pursuing opportunities to expand our presence in the advanced ATM market, including providing services such as check cashing, money order processing and phone card sales. Our agreement with Greenland is consistent with our strategy and provides us rapid time to market to address our customers' demand for these services." Dr. Montulli concluded: "The ACS distributorship and its anticipated sales are in addition to the existing orders and future sales pursued through our master distributorship with RBSA/SmartCash ATM LTD. ACS, as a premier sales provider of ATM's and a provider of in-house processing and field services, has achieved world class status in their business performance. We welcome their addition to the Greenland/SmartCash ATM LTD., family." Greenland Corporation is a software development and manufacturing corporation with existing product and product under development. The Company is currently introducing an automated payroll check-cashing machine with full ATM functionality, phone card sales and money order dispensing services. A future service to be included with the machine is payday advances company's common stock trades on the OTC Bulletin Board under the symbol "GLCP". Visit Greenland on the Internet at www.Greenlandcorp.com. ACS (Affiliated Computer Services, Inc.) is a Fortune 1000 company based in Dallas, Texas, with operations within North America, Central America, South America, Europe, and the Middle East. ACS is an integrated, future-focused company with a rich history of innovative work and long-term relationships. ACS has proven customer retention, broad and vertical expertise, personalized attention and flexibility. ACS provides the full range of information technology services including business process outsourcing, electronic commerce, technology outsourcing, professional services and systems integration. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Visit ACS on the Internet at www.acs-inc.com. 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 CONTACT: Ed Sano, Investor Relations Managing Director for Greenland Corporation, 760-414-9941 Web site: acs-inc.com Web site: greenlandcorp.com