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

To: BIGEGO who wrote (1942)	6/26/1998 5:19:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 2278

GREENLAND CORPORATION: RESULTS OF ANNUAL MEETING OF Business Editors SAN DIEGO--(BUSINESS WIRE)--June 26, 1998--Greenland Corp. (NASDBB:GLCP) reported today the voting results related to proposals at its annual meeting of shareholders held on June 12, 1998. Shareholders approved all four measures submitted for approval by margins exceeding 90%. Shareholders re-elected Greenland's board of directors, consisting of Eric Gaer, Richard Green, Guy Nelson and Michael deDomenico. Of the four members, three are outside directors. Eric Gaer serves as the company's chairman and chief executive officer. Shareholders also approved a 1 for 10 reverse split of the company's common stock, which will become effective as of Thursday, July 2, 1998. Smith and Co. was approved as the company's auditors for the 1998 fiscal year. Greenland has been developing proprietary technology for the utility industry. The company's AirLink system is a patent-pending wireless communication technology for use in automated meter reading 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 installed to monitor the use of electricity, natural gas and water. In May, Greenland acquired Check Central, developers of proprietary technology to 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. --30--lc/sd ktbh/sd CONTACT: Greenland Corporation Eric Gaer, 619/566-9604

To: BIGEGO who wrote (1942)	6/26/1998 5:20:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 2278

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. --30--lc/sd el/sd CONTACT: Greenland Corporation Eric Gaer, 619/566-9604