STRATEGIC PARTNERS
March 5, 2002
OCEANSIDE, Calif. -- Greenland Corporation (OTC Bulletin Board: GLCP) has signed systems development and work agreements with ACS' (NYSE: ACS) Retail Solutions division to provide Greenland's proprietary back office check cashing software and processing capabilities for over 200 ACS retail customer sites to be installed beginning later this year.
The companies earlier signed a hardware distribution agreement. Long-term, joint work contracts are currently under final negotiations and should be complete by mid-July. Retail locations, hardware identification, team members and customer identifications will be announced upon consummation of the final contracts.
In support of ACS customer initiatives, Greenland has been developing thin-client Java software that will connect approximately 200 check cashing stores with Greenland's Oceanside, Calif., support center and with ACS Retail Solutions Technical Assistance Center (A-TAC) in Dallas. Greenland will provide its communication technology and check cashing service center technology to transport and process all check cashing transactions in real time. In addition, Greenland is providing its call center technologies.
ACS will become Greenland's mirror processor, providing call center load balancing, help desk support services and eventually, full disaster recovery in case of business interruption at the Oceanside facility. Also, as the number of customer transactions grows, Greenland will use ACS' call center expertise and capabilities to process an increasing number of transactions through the A-TAC facility.
Greenland Corporation Chairman and CEO Dr. Louis T. Montulli called the deal "the most important single event in the history of Greenland Corporation."
T. A. "Kip" Hyde, Jr., vice president of sales and marketing for ACS Retail Solutions said, "By adding ACS' core competencies in help desk and customer support to Greenland's outstanding Web-based technologies, we are creating a check cashing services provider second-to-none. We look forward to the launch of the first locations this fall and to a long and successful relationship with Greenland."
