Greenland Corporation announced that Colorado-based CardPlus International, Inc., has entered into a three-year, $500,000 source code license agreement for Greenland’s Check Central Solutions-Network transaction processing software. As a direct result of the recently announced settlement agreement between Seren Systems and Greenland, CardPlus now has direct access to and a specific license for both the previous and current versions of the Check Central Solutions source code and back-office operating systems.
Mr. T. A. “Kip” Hyde, Jr., President and CEO of Greenland, stated, “As announced in July 2001, CardPlus initially purchased six MAXcash(TM) Automated Banking Machine kiosks, to be processed by their Denver-based merchant services center. We successfully installed these terminals this summer and have continuously supported their efforts to provide self-service check-cashing for their business customers, including several area hospitals and large oil companies.”
Hyde continued, “Due to their unique corporate relationships, CardPlus requires the ability to manage their own source code. We are pleased that they have chosen to enter into this important software and ABM purchase agreement with Greenland. We will continue to assist CardPlus towards their goal of becoming the largest minority-owned, non-bank owner-operator of self-service banking machines in the country, potentially encompassing thousands of locations nationwide.”
George Brantley, Director of CardPlus International said, “We believe that the Check Central Solutions-Network back-office software and Greenland’s continued technical collaboration is critical as we expand our ABM sites and processing center capabilities. The ongoing support we have received from the Greenland team has been exceptional, and we look forward to new system upgrades and capabilities being developed by Greenland and its technology partner, Trilicom Data Solutions as we move forward.”
About Greenland Corporation
Greenland Corporation is an information technology holding company, with equity interests in data storage and systems integration, and whose wholly owned subsidiary, Check Central, is the developer of the Check Central Solutions(TM) transaction processing system software and related MAXcash(TM) Automated Banking Machine(TM) (ABM(TM)) kiosk designed to provide self-service check cashing and ATM-banking functionality, as well as open platform capability for future products and services. The Company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP.” Visit Greenland Corporation on the Internet at [http://www.greenlandcorp.com] .
About CardPlus International, Inc.
As the only National Minority Council certified electronic payments processor, CardPlus is a comprehensive services provider offering “one-stop shopping” for credit and debit card processing and collection, check verification, check guarantee, recovery services, settlement and other point-of-sale services. CardPlus is a single provider of electronic payment processing services, equipment and customer support. The CardPlus product offering spans from simple electronic “swipe” POS terminals, ATM functionality, phone payment, self-service banking processing and high-speed computer-to-computer transmission, to advanced wireless systems. CardPlus focuses its efforts and expertise towards providing data processing, collections and delivery, electronic fund processing and collections, information transmission, payment services and value-added network services.
For further information, please contact Ed Sano, Investor Relations, Greenland Corporation, +1-760-804-2770, email@example.com.