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Press Release
Oceanside, California - September 22, 1999 -Greenland Corporation (OTC Bulletin Board: GLCP) announced the sale and installation of two SmartCash ATM machines in San Francisco, California.
Dr. Lou Montulli, CEO of Greenland Corporation stated, ``On September 10, 1999, Greenland Corporation completed the sale and installation of two SmartCash ATM machines in San Francisco, California. The installations were at the Better Food Market located on 3149 Balboa Street, and the Filmore Market located on 1669 Filmore Street. Each location is your normal grocery store that services, in one instance, a primarily Korean client base, and in the other a primarily multicultural client base. Both machines feature check cashing, ATM, and money order services.''
Dr. Montulli further indicated that the next installations are scheduled for Atlanta, Georgia; Hickory, North Carolina; Sacramento, California; and Balto, Maryland.
Greenland Corporation is a manufacturing corporation with existing product and product under development. The Company is currently introducing an automated payroll check-cashing machine with full ATM functionality, and money order dispensing services.A future service to be included with the machine is advance payday loans.
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.
Web site: http://www.greenlandcorp.com
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