| Business Summary | | Greenland
Corporation
is
engaged
in
the
development
and
marketing
of
automated
check
cashing
products
and
technologies
following
the
acquisition
of
Check
Central.
For
the
past
several
years,
the
Company
has
worked
on
the
development
and
marketing
of
its
MAXcash
automated
banking
machine
(ABM),
a
product
similar
in
form
to
an
automated
teller
machine
(ATM).
The
Company
has
also
worked
on
the
development
of
point-of-sale
transaction
software
to
provide
back-office
support
for
a
network
of
such
machines
in
the
field.
To
date,
the
Company
has
placed
31
of
these
systems
in
ten
U.S.
states,
including
California,
Colorado,
Kansas,
Louisiana,
Nevada,
North
Carolina,
South
Carolina,
and
Michigan
and
Washington.
Key
customers
and
test
sites
included
locations
in
Wal-Marts,
Piggly
Wiggly
Stores,
and
Texaco
Star-Marts,
among
others. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GLCP
develops
propietary
software
that
is
capable
of
providing
automated
payroll
check
cashing,
ATM
and
money
order
services
delivered
through
a
freestanding
kiosk.
For
the
six
months
ended
6/01,
revenues
fell
60%
to
$189
thousand.
Net
loss
fell
17%
to
$3.4
million.
Revenues
reflect
lower
income
from
the
processing
segment.
Lower
loss
reflects
a
reduction
in
manufacturing
and
R&D
expenses
and
the
absence
of
a
$320
thousand
charge
related
to
the
repurchase
of
a
distributor
agreement. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Hyde, Jr., 39 Chairman,
Pres, CEO | -- | Thomas Beener, 51 COO,
Exec. VP, Gen. Counsel, Sec., Director | $161K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|