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I considered investing in PWN after I saw a Mr.
machine in the Super KMart near where I live in
Detroit. However, their machine failed my most
test of all-- it wouldn't cash either one of the
had with me. (One was for $1,200, the other
I lost confidence in investing in PWN
and moved on, but I've
always kept an eye on this
board. After seeing some posts
on GLCP and
CheckCentral, I decided to do a little research,
and so far,
I like what I see. They are only testing
machines so far, but the initial responses have been
the check-cashing process seems to be simple, and the
of the machines is cheaper ($29,000 vs. $55,000). If
is actually a scam, speak now or forever hold your
because if I like what I hear after I call
GLCP and the two
stores where its machines are
located, I'll buy a bunch of
No to both questions. The machines are 2,000
miles from me
in Santa Ana, California, and due to
the time zone difference and my work schedule,
management is going to be difficult to call. I hope to get a
hold of them, and the stores that are testing the
machines, within the next few days. I'll let everyone know
how it goes.
Here's a major red flag, though--
not only have I not seen their machine in person, but
they don't even have a picture of it on their website
(www.checkcentral.com)! A Real Video of it is supposedly "Coming Soon!",
though. We'll see. At any rate, I just sent away for
their information folder.
I saw both machines in Santa Ana.
They are both located within steps of the front doors
of the store.
Before, I go on, I wanted to
say that I am not an insider but someone who bought
shares because I think GLCP has a good product and the
price seems to be a the bottom right now.
on. I signed up for a check-cashing card to see how
smoothly the whole transaction would take. To my delight
it works just like an ATM machine. I was able to
cash my check without any
Fore_par_72, whatever your anomosity with GLCP may be in the
past sure shows. But GLCP has a new managment team.
See prior post. And there product is working great.
It's only a matter of time before they finish test
marketing the machines and deliver the 100 machines to the
ATM distributor for mass market
I saw both of GLCP's
check-cashing machines in Santa Ana. They are both located
within steps of the front doors of the store.
Before, I go on, I wanted to say that I am not an insider
but someone who bought shares because I think GLCP
has a good product and the price seems to be a the
bottom right now. This is b/c anyone who says anything
about GLCP seems to be labeled an insider.
on. GLCP check cash on a different principle than Mr.
Payroll. The customer needs to sign up for an
check-cashing card. It's similiar to that of an ATM card. This
helps to cut down on check-cashing fraud. However, I
signed up for a check-cashing card to see how smoothly
the whole transaction would take. After getting my
card (received within 3-10 business days) I set out to
determine if investing in GLCP was worthwhile. To my
delight it worked just like an ATM machine. I was able to
cash my check seamlessly. Furthermore, the whole
transaction from inserting my check-cashing card to receiving
my money ony took two minutes. I am told that the
whole transaction can only get faster once the
technology recognizes your check-cashing process. Thus, the
two minute wait only gets better.
whatever your anomosity with GLCP may be in the past sure
shows. But GLCP has a new managment team. See prior
post. And there product is working great. It's only a
matter of time before they finish test marketing the
machines and deliver the 100 machines to the ATM
distributor for mass market penetration.
Your investments are your decision.
The folks at GLCP are getting just what they
want......free press. The simplicity of the whole thing is this:
they may get there with their product, but not without
a significant financial backer. And I don't mean
some guy putting up $500,000. There will be other
products that come to market but the folks at Mr. Payroll
are light years ahead. In the old days 2 years was
nothing, but in todays environment it's insurmountable. I
cannot speak to your experience with the Mr. Payroll
device, but I can tell you I've seen tons of people get
their checks cashed, and I think a recent release
mentioned something like 500,000 items handled to date. I
will tell you where my money is and will stay...PWN. I
watch the GLCP stock just for fun and I'm sure it will
run up based on the folks like you who are willing to
take a chance....a big chance. A word of advice if you
buy the stock; don't get greedy. If you buy at .20
and it goes to .40, get out. Take a look at what the
stock did a while back over the course of about a week
or so. Huge run up to several bucks a share and then
over the cliff back to .10 - .20. Be careful! By the
way, that run happened to coincide with news related
to check cashing technology. Good luck.
First, there was a group of investors that did
invested in GLCP. Here's the recent
SAN DIEGO, Jan. 19 Greenland Corporation (GLCP) today
announced that it has entered into an agreement designed to
provide the Company with an influx of new capital,
strengthen its management team, and focus its resources on
its Check Central(TM) check cashing ATM product line.
An investor group led by Dr. Louis Montulli has
agreed to invest $580,000 into the Company, and to
provide senior management who will use their best efforts
to identify and acquire long range financing as well
as strengthen day-to-day business operations.
Dr. Montulli brings to the Company an extensive
background in research, development and the marketing of
high tech products. Dr. Montulli served in senior
positions in the Department of Defense and Department of
Energy during the 1970s and was a member of the White
House staff from 1981 to 1984. He has served on the
United States Air Force Scientific Advisory Board, the
NASA Technical Advisory Board, as well as other
government and university boards and panels.
1993 to 1996, Dr. Montulli served as Senior Vice
President of new business development, marketing and
advanced systems for Lockheed Martin Corporation where he
refocused resources on three commercial and military
products resulting in $200 million in new orders the first
year. Prior to Lockheed he was Vice President for
Boeing Military Airplane Co. where he supervised 4,800
people and hundreds of key projects. Dr. Montulli holds
a doctorate in Engineering from the University of
California, Los Angeles, and received the Most Distinguished
Alumni Award in 1987 from the University of Rochester
where he received his B.S. in Mechanical Engineering.
Mr. Richard Wray has been CEO and President of two
companies, a plastics manufacturer (Accurate Plastics,
Inc.)and a leasing company (Honover Leasing). He has
extensive background in working with start-up companies and
raising capital for all levels of corporate need.
The Check Central check cashing product was
successfully demonstrated in August and October, 1998 at two
major industry trade shows. One result was a letter of
interest from a major ATM distributor for a 100 unit order
totaling $2.3 million based on successful demonstration of
three units in the market place. The first
pre-production unit was installed January 5, 1998 in an
independent grocery market in Southern California. The
Company anticipates that these demonstrations will be
successful and that orders will be received during the first
quarter of 1999.
01/19/99 /CONTACT: Ed Sano, Managing
Greenland Corporation, 619-566-9604