OCEANSIDE, Calif., Aug. 18 /PRNewswire/ --
Greenland Corporation (OTC Bulletin Board: GLCP) announced the sale of its automated check cashing ATM machine (MAXCASH ABM) to Automated Cash Machines, Inc., a Nevada corporation.
Dr. Lou Montulli, CEO of Greenland Corporation stated, "On August 9, Automated Cash Machines, Inc. (ACMI), a distributor of the Greenland MAXCASH ABM, purchased our machines for placement into the Reno and Las Vegas, Nevada areas. The machines were installed in Ship N' Chek locations in each of these cities. The Reno machine is located at 2303 South Virginia #4 and the Las Vegas machine is located at 6420 S. Pecos #A-2. Both machines were installed with check cashing, phone card dispensing and full ATM functionality."
Dr. Montulli indicated that the Ship N' Chek sites are part of a chain of financial service centers in Nevada and New Mexico that provide services including advance payday loans and money orders. The Ship N' Chek stores are owned and operated by Mr. John Odin, Vice President of the Nevada Independent Check Cashing Association (NICCA). Mr. Odin is currently and has been vice-president of NICCA for the past four years.
Mr. Odin commented that he was very excited about the financial opportunities that this machine provides, and that the demographics of the United States and the trend in banking practices make the Greenland machine a product whose time has come. Mr. Odin further commented that he would use this machine to showcase the product in Nevada for those who are interested in purchasing the machine.
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
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.
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