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To: David Sirk who wrote (7436)	8/24/1998 9:48:00 AM
From: RCJIII	Read Replies (2) \| Respond to of 25711

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. -------------------------------------------------------------------------------- Contact: Greenland Corporation, San Diego 619/566-9604 or Magnum Financial Group, LLC Michael Manahan, 213/892-2280 (Principal) E-mail: msmanahan@magnumfinancial.com -------------------------------------------------------------------------------- More Quotes and News: Greenland Corp (OTC BB:GLCP - news) Related News Categories: banking, computers, oil/energy, retail