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  • Anthony-
    Your investments are your decision.
    The folks at GLCP are getting just what they 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.

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    • 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.

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

42.84+0.40(+0.94%)Jul 27 4:02 PMEDT