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News Release

Web site: http://www.investgreenland.com

Oceanside, California - April 6, 2000 Greenland Corporation (OTC Bulletin Board: GLCP), a provider of automated financial services machines that provide payroll check-cashing, payday advances, ATM functionality, phone card sales and money order dispensing services and bill paying, announced today that it has completed installation of its first automated financial services machines in Michigan at a Marathon store in Ypsilanti, and in Louisiana at a Pennywise store in New Iberia.

The installation of these machines represent Greenland's focus on increased distribution of the Company's financial services machines which are currently installed in 13 locations in 7 states.

"The Company's is now able to increase its installation activity following the recent buyback of our Master Distributorship rights," said Dr. Louis T. Montulli, CEO of Greenland Corporation. "We now expect to move forward with even broader distribution of Greenland's machines to provide broad based automated user-friendly financial services to the customer in convenient locations where our customers shop."

More than ten million dollars and five years time has been spent in developing Greenland's automated financial services machines, which, unlike its competition, offer numerous automated banking features. In the future, Internet sales shall be added to complete the process of offering the customer the maximum financial and commodity point of sale services where he or she shops every day. The Company estimates that the payroll check-cashing industry alone serves a population that transacts approximately one trillion dollars annually and generates an estimated $1.5 billion in annual fees. It has been estimated that more than 28% of working Americans do not have or use a formal banking relationship. As a result, check-cashing and payday advance businesses are proliferating throughout the U.S.

About Greenland Corporation

Greenland Corporation is a developer and manufacturer of automated payroll check-cashing machines with full ATM functionality, phone card sales, money order dispensing and payday advance services. The Company's automated financial services machines are being developed to provide dispensing of travelers checks, wire transfers, bill paying and electronic benefit transfers in addition to cashing payroll and government checks. The company's common stock trades on the OTC Bulletin Board under the symbol "GLCP". Visit Greenland Corporation on the Internet at www.greenlandcorp.com.

Except for historical financial information that may be contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties including, but not limited to, such factors as test market success, market demand, pricing, and changes in worldwide economic conditions.

Source Greenland Corporation

Web site: http://www.investgreenland.com

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