STRATEGIC PARTNERS
February 26, 2002
SAN DIEGO -- Greenland Corporation announced the successful completion of beta testing on its first, production ready automated check-cashing machine. The machine, a freestanding kiosk with automated payroll check-cashing capability, full ATM functionality and money order dispensing services was installed in a multi-service food market, La Loma Market, in Santa Ana, Calif.
Lee Swanson, CEO of Check Central, the wholly-owned subsidiary of Greenland that developed the technology, indicated that the base machine functionality was tested in the areas of scanner, printer, money dispenser, camera, card reader and telephone efficiency.
John Abajian, owner of La Loma Market, said word of the machine is spreading, "a lot of store owners are coming here and looking, and asking me a lot of questions." He also said customers in the past asked him to cash paychecks. He never knew if the checks would bounce -- and keeping a lot of cash on hand was dangerous.
Lou Montulli, CEO of Greenland Corporation, expects a national distribution agreement to be concluded in the next month.
