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  • Wireless_747_ Wireless_747_ Apr 27, 1998 8:54 PM Flag

    WIRELESS METER READING COMPANY @.04 WITH

    Greenland Corporation (GLCP)
    Current price: .04
    Shares outstanding: 29,265,173
    Total Assets: $8,238,026
    Total liabilities: $4,737,717
    Home page target=new >http://www.greenlandcorp.com

    52wk range .04-.40 for a good long term graph (5years) check out http://www.suretrade.com under "free stuff"

    Greenland's wireless automated meter reading systems allow utilities (gas, electric) to electronically monitor customer usage thus eliminating the guy that used to walk from house to house tallying readings.

    ****On April 7, 1998 the company announced plans to install over 100,000 wireless meter reading systems in Richmond California.

    ****The Company also has agreements to install test systems in Oregon with Emerald Peoples Utility District; in Utah with Springville City Electric; and in Connecticut with the Third Taxing District of Norwalk with hopes of full build out.

    "I am pleased to be entering this second phase of development of the Airlink´┐Ż AMR technology", said Jeff Sheilds, general manager of Emerald Oregon PUD. "I believe this products far exceeds any other AMR system today," he added.

    **** On July, the Company entered into an agreement with StarCom U.S.A. whereby StarCom and Greenland will cooperate in presenting an integrated communications system for Puerto Rico encompassing up to 1.3 million utility meters.

    ****In May, the Company entered into an agreement with KIT Concerns of Brazil to distribute, on an exclusive basis, Greenland's AirLink automated meter reading ("AMR") system in Brazil. KIT, located in Rio de Janeiro, is a diversified company organized to develop new business opportunities in Brazil,
    particularly in the telecommunications and technology sectors.

    ****GLCP is also in negotiations with three major cities in Mexico for the installation of 30,000 units to serve as parking meters.

    The future potential for this technology is incredible. It has already gained industry acceptance and in a short time will likely be the standard.

 
KO
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