Anthony- 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 article.
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.
From 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.
SOURCE Greenland Corporation 01/19/99 /CONTACT: Ed Sano, Managing Director of Greenland Corporation, 619-566-9604