Newsbit

Greenland Corporation Announces Results of Beta Test on First Automated Check-Cashing Machine
10:16 a.m. Mar 18, 1999 Eastern

SAN DIEGO, March 18 /PRNewswire/ -- Greenland Corporation (OTC Bulletin Board: GLCP) today announced the successful completion of beta testing on its first, production ready, automated check-cashing machine. The machine, a freestanding kiosk with automated payroll check-cashing capability, full ATM functionality, and money order dispensing services was installed in a multi-service food market, La Loma Market, in Santa Ana, California.

Lee Swanson, CEO of Check Central, the wholly-owned subsidiary of Greenland that has developed this technology, indicated that the base machine functionality was tested in the areas of scanner, printer, money dispenser, camera, card reader and telephone efficiency. Mr. Swanson said, "Based on hundreds of transactions, the machine has performed superbly. The machine's functionality has been excellent and has exceeded our performance expectations during the beta test period. In addition, utilization of the machine's services through the multi-lingual touch screen system has been received most favorably by the customer."

John Abajian, owner of La Loma Market, said word of the machine is spreading, "a lot of store owners are coming here and looking, and asking me a lot of questions." He also said customers in the past asked him to cash paychecks. He never knew if the checks would bounce -- and keeping a lot of cash on hand was dangerous.

Lou Montulli, CEO of Greenland Corporation, has indicated that there has been widespread national interest by individuals and groups in purchasing or acquiring right to distribution of the machine. He expects a national distribution agreement to be concluded in the next thirty days. SOURCE Greenland Corporation


Copyright 1999, PR Newswire



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