<PAGE>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

    [X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
           SECURITIES EXCHANGE ACT OF 1934

           FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000
           COMMISSION FILE NO. 017833

                                    GREENLAND
                                    ---------
                                   CORPORATION
                     (EXACT NAME OF SMALL BUSINESS ISSUER AS
                            SPECIFIED IN ITS CHARTER)

            NEVADA                                             87-0439051
  (State or other jurisdiction                             (I.R.S. Employer
of incorporation or organization)                       Identification Number)

                         1935 AVENIDA DEL ORO, SUITE "D"
                               OCEANSIDE, CA 92056
                    (Address of principal executive offices)

                                 (760) 414-9941
                           (Issuer's telephone number)

Indicate by check mark whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                 [X] YES [ ] NO

                       APPLICABLE ONLY TO CORPORATE ISSUER

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date.

CLASS A COMMON STOCK                                        53,102,481
  $0.001 PAR VALUE                                     AS OF APRIL 28, 2000

TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT
(CHECK ONE)

YES       NO  X
    ---      ---


<PAGE>


                              GREENLAND CORPORATION
                              REPORT ON FORM 10-QSB
                          QUARTER ENDED MARCH 31, 2000
                                TABLE OF CONTENTS


PART I.           Financial Information
ITEM 1.           Financial Statements (unaudited)


         -   Condensed consolidated balance sheets as of March 31, 2000 and
             December 31, 1999

         -   Condensed consolidated statements of operations for the three
             months ended March 31, 2000 and 1999

         -   Condensed consolidated statements of changes in stockholders'
             equity for the three months ended March 31, 2000, and the year
             ended December 31, 1999

         -   Condensed consolidated statements of cash flows for the three
             months ended March 31, 2000 and 1999

         -   Notes to condensed consolidated financial statements

ITEM 2.       Management's discussion and analysis of financial condition and
              results of operations

PART II.      Other Information
              Signatures


                                       2
<PAGE>


                      GREENLAND CORPORATION AND SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
                                     ASSETS

<TABLE>
<CAPTION>
                                                                                              March 31,            December 31,
                                                                                                2000                   1999
                                                                                          ------------------      ---------------
<S>                                                                                       <C>                     <C>
Current Assets:
      Cash                                                                                      $ 1,059,748           $  235,574
      Accounts receivable (less allowance for uncollectible
          accounts of $148,959 in 2000, and $120,300 in 1999)                                       115,723                6,508
      Receivables from employees                                                                     72,928               26,080
      Inventories                                                                                   282,387              299,116
      Accounts receivable - officers                                                                161,838              161,838
      Prepaid officers compensation                                                                  64,000               63,414
      Notes receivable                                                                              200,000                  -0-
      Other current assets                                                                           20,540                  -0-
                                                                                          ------------------      ---------------

           Total Current Assets                                                                   1,977,164              792,530

      Property and equipment, net                                                                   430,012              190,004
      Long term notes receivable, net                                                                   -0-                  -0-
      Investments                                                                                   900,000              900,000
      Intangibles, net                                                                            3,184,539            2,862,903
      Other assets                                                                                  112,986                7,500
                                                                                          ------------------      ---------------

           Total Assets                                                                         $ 6,604,701           $4,752,937
                                                                                          ==================      ===============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
      Notes payable                                                                                 392,950            $  98,100
      Trade accounts payable                                                                        294,719              426,918
      Accrued expenses                                                                              531,543              572,958
      Current portion of capital leases                                                              12,977                  -0-
      Note payable to related parties                                                               100,000              270,000
                                                                                          ------------------      ---------------

           Total Current Liabilities                                                              1,332,189            1,367,976

Long term liabilities:
      Long term portion of capital leases                                                           138,357                  -0-
                                                                                          ------------------      ---------------

Total Liabilities                                                                                 1,470,546            1,367,976
                                                                                          ------------------      ---------------

Stockholders' Equity:
      Common stock $.001 par value; 100,000,000 shares authorized,
            51,570,581 (35,298,622 in 1999) issued and outstanding                                   51,571               35,298
      Additional paid-in capital                                                                 20,691,598           16,881,759
      Subscribed shares unissued                                                                     52,754              174,437
      Retained deficit                                                                          (15,661,768)         (13,706,533)
                                                                                          ------------------      ---------------

           Total Stockholders' Equity                                                             5,134,155            3,384,961
                                                                                          ------------------      ---------------

           Total Liabilities and Stockholders' Equity                                           $ 6,604,701          $ 4,752,937
                                                                                          ==================      ===============

</TABLE>

    See accompanying notes to Condensed Consolidated Financial Statements


                                       3
<PAGE>

                      GREENLAND CORPORATION AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                                                  Three Months Ended
                                                                         March 31,                   March 31
                                                                           2000                        1999
                                                                  ----------------------        -----------------
      <S>                                                         <C>                           <C>
      Revenues                                                            $      79,268               $       634
      Cost of goods sold                                                        634,980                         0
                                                                  ----------------------        -----------------

           Gross loss                                                          (555,712)                      634
                                                                  ----------------------        -----------------

      Operating Expense:
          General and administrative expenses                                   799,952                   979,815
          Research and development costs                                        220,090                   275,058
          Repurchase of distributor agreement                                   320,000                         0
                                                                  ----------------------        -----------------

      Total operating expenses                                                1,340,042                 1,254,873
                                                                  ----------------------        -----------------

           Operating loss                                                    (1,895,754)               (1,254,239)
                                                                  ----------------------        -----------------

      Other income (expense):
          Loss on sale of investments                                           (42,500)               (1,164,750)
          Interest expense                                                      (14,577)                  (18,984)
          Other income (expense)                                                    796                         0
                                                                  ----------------------        -----------------

      Total other income (expense)                                              (56,281)               (1,183,734)
                                                                  ----------------------        -----------------

               Loss before income taxes                                      (1,952,035)               (2,437,973)

      Income tax expense                                                          3,200                         0
                                                                  ----------------------        -----------------

      Net Loss                                                            $  (1,955,235)              $(2,437,973)
                                                                  ======================        =================

      Net loss per share:
           Basic loss per share                                                   (0.04)                    (0.16)
           Diluted loss per share                                                 (0.04)                    (0.16)

      Weighted average shares outstanding
           Basic                                                             44,441,140                15,515,958
           Diluted                                                           44,441,140                15,515,958
</TABLE>

     See accompanying notes to Condensed Consolidated Financial Statements


                                       4
<PAGE>



                      GREENLAND CORPORATION AND SUBSIDIARY
            CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>

                                         Common Stock             Additional      Subscribed
                                    --------------------------     Paid - in         Shares           Retained
                                     Shares         Amount          Capital         Unissued           Deficit           Total
                                    ------------ -------------  ---------------- ---------------  ------------------ --------------
<S>                                 <C>          <C>            <C>              <C>              <C>                <C>
Balance at December 31, 1998         12,708,331      $ 12,708       $12,652,183  $                   $  (6,884,321)     $5,780,570

Shares issued to retire debt and
   to purchase asset                  4,273,166         4,273           766,254                                            770,527
Sale of common stock                  5,897,231         5,897         1,099,804                                          1,105,701
Shares issued for services           12,419,894        12,420         2,358,618                                          2,371,038
Subscribed shares unissued                                                          174,437                                174,437
Warrants to purchase shares                                               4,900                                              4,900
Net loss                                                                                                (6,822,212)     (6,822,212)

                                    ------------ -------------  ---------------- ---------------  ------------------ --------------
Balance at December 31, 1999         35,298,622      $ 35,298       $16,881,759  $  174,437          $ (13,706,533)     $3,384,961
                                    ------------ -------------  ---------------- ---------------  ------------------ --------------


Shares issued to retire debt and
    to purchase asset                 2,121,540         2,122         1,031,329                                          1,033,451
Sale of common stock                 11,576,341        11,576         2,158,938                                          2,170,514
Shares issued for services            1,925,087         1,926           490,622                                            492,548
Subscribed shares issued                648,991           649           121,034    (121,683)                                     0
Warrants to purchase shares                                               7,916                                              7,916
Net loss                                                                                                (1,955,235)     (1,955,235)

                                    ------------ -------------  ---------------- ---------------  ------------------ --------------
Balance at March 31, 2000            51,570,581      $ 51,571       $20,691,598  $   52,754          $ (15,661,768)     $5,134,155
                                    ============ =============  ================ ===============  ================== ==============

</TABLE>

     See accompanying notes to Condensed Consolidated Financial Statements


                                       5
<PAGE>


                      GREENLAND CORPORATION AND SUBSIDIARY
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                                Three months ended
                                                                           March 31,          March 31,
                                                                             2000               1999
                                                                      ----------------- ------------------
     <S>                                                              <C>               <C>
     Cash flows from operating activities:
          Net loss                                                        $ (1,955,235)      $ (2,437,973)
          Adjustments to reconcile net loss to cash used in
              operating activities:
               Depreciation and amortization                                   127,030              3,283
               Allowance for uncollectible account                              28,659                  -
               Realized loss on disposal of investments                         42,500                  -
               Unrealized decrease in investments                                    -          1,164,750
               Repurchase of distributor agreement                             320,000
               Stock issued for services                                       492,548            938,306
               (Increase) decrease in
                    Account receivable                                         (60,374)            19,250
                    Inventories                                                 16,729            (53,205)
                    Prepaid expenses                                            63,414                626
                    Account receivable - officers and other assets            (106,698)                 -
               Increase (decrease) in:
                    Trade account payable                                     (132,199)            13,780
                    Accrued expenses                                           116,709             19,020
                                                                      ----------------- ------------------

                              Net cash used in operating activities         (1,046,917)          (332,163)

     Cash flows from investing activities:
          Purchase of equipment                                               (107,340)            (8,182)
          Investment in notes receivable                                      (200,000)                 -
                                                                      ----------------- ------------------

                              Net cash used in investing activities           (307,340)            (8,182)
                                                                      ----------------- ------------------

     Cash flows from financing activities:
          Proceeds from sale of stock                                        2,170,514            277,500
          Amounts borrowed from stockholders                                         -             55,587
          Proceeds from sale of warrants                                         7,916                  -
          Proceeds from new loans                                                   -0-            38,000
                                                                      ----------------- ------------------


                              Net cash provided by financing activities      2,178,431            371,087
                                                                      ----------------- ------------------

                              Increase (decrease) in cash                      824,174             30,742

     Cash at the beginning of period                                           235,574              3,332
                                                                      ----------------- ------------------

     Cash at end of period                                                  $1,059,748         $   34,074
                                                                      ================= ==================


          Supplemental information:

               Cash paid for interest                                           14,577                124
               Cash paid for income taxes                                        3,200                  -

</TABLE>

      See accompanying notes to Condensed Consolidated Financial Statements


                                       6
<PAGE>


                      GREENLAND CORPORATION AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

                                   (CONTINUED)






     Supplemental disclosure of non-cash investing and financing activities:

         The Company acquired assets in the amount of $429,750 by issuing stock
         in 2000.

         The Company repaid debt and other accrued expenses of $145,150 through
         the issuance of stock in 2000.

         The Company repaid notes payable to related parties through the
         issuance of stock in the amount of $170,000 in 2000.

         In 2000,  the Company  acquired a receivable  from its employees in the
         amount  of  $66,177  for  the  repayment  of the  employee  portion  of
         withholding from compensation paid in the form of Company stock.

         In 2000, the Company provided compensation advances to certain officers
         in the form of common stock in the amount of $64,000.

         The company paid for services accrued in 1999 by issuing shares of its
         common stock in the amount of $158,374.

         The Company acquired equipment and furniture in the amount of $156,852
         by incurring capital leases.


   See accompanying notes to Condensed Consolidated Financial Statements


                                       7
<PAGE>


                              GREENLAND CORPORATION
                   NOTES TO CONDENSED CONSOLIDATED STATEMENTS
                          QUARTER ENDED MARCH 31, 2000
                                   (UNAUDITED)

NOTE 1:       BASIS OF PRESENTATION

              General

              The accompanying unaudited condensed consolidated financial
              statements have been prepared in accordance with the
              instructions to Form 10-QSB. Therefore, they do not include all
              information and footnotes necessary for a complete presentation
              of financial position, results of operations, cash flows, and
              stockholders' equity in conformity with generally accepted
              accounting principles. The condensed consolidated balance
              sheet at December 31, 1999 was derived from the audited
              balance sheet at that date which is not presented herein.
              Except as disclosed herein, there has been no material change
              in the information disclosed in the notes to the financial
              statements included in the Company's annual report on Form
              10-KSB for the year ended December 31, 1999. In the opinion of
              Management, all adjustments considered necessary for a fair
              presentation of the results of operations and financial
              position have been included, and all such adjustments are of a
              normal recurring nature. Operating results for the quarter
              ended March 31, 2000 are not necessarily indicative of the
              results that can be expected for the year ended December 31,
              2000.

NOTE 2:       GOING CONCERN UNCERTAINTY

              As shown in the accompanying condensed consolidated financial
              statements, the Company has suffered recurring losses from
              operations, and has a retained deficit of $15,661,768 as of
              March 31, 2000. These factors, among others, raise substantial
              doubt about the Company's ability to continue as a going
              concern. The Company's need for working capital is a key issue
              for management and necessary for the Company to meet its goals
              and objectives. Although the Company had working capital of
              $644,975 at March 31, 2000, the cash used in operating
              activities during the quarter totaled $1,046,917. The Company
              continues to meet its obligations and pursue additional
              capitalization opportunities. Subsequent to March 31, 2000, the
              Company realized $459,800 from the exercise of Class A Warrants
              from its Private Placement Offering. If all three classes of
              Warrants issued pursuant to the Private Placement Offering were
              exercised, the Company would realize net proceeds of
              approximately $36 million. However, there can be no assurances
              that any of the Warrants will be exercised. The Company is also
              pursuing institutional and private party lending and purchase
              order financing. There is no assurance, however, that the
              Company will be successful in meeting its goals and objectives
              in the future.

<TABLE>

<S>           <C>                                               <C>
Note 3.       INVENTORIES


              Inventories at March 31, 2000 were as follows:

                Raw materials                                          $ 241,605
                Work-in-process                                          102,296
                Finished goods                                               -0-
                                                                -----------------

                                                                         343,901
                Less allowance for obsolescence                         (61,514)
                                                                -----------------

                                                                        $282,387
                                                                =================


Note 4.       PROPERTY AND EQUIPMENT

              Net property and equipment at March 31, 2000 was as follows:

                Computers and equipment                                $ 228,375
                Demonstration equipment                                  118,825
                Furniture and fixtures                                   123,391
                Leasehold improvements                                    12,975
                                                                -----------------

                                                                         483,566
                Accumulated depreciation                                  53,554

                                                                       $ 430,012
                                                                =================

</TABLE>

               Depreciation expense for the quarters ended March 31, 2000 and
               December 31, 1999 was $22,137 and $3,283, respectively.


Note 5.        NOTE RECEIVABLE

               During March 2000, the Company repurchased the exclusive
               distribution rights to the Master Distribution Agreement with
               SmartCash ATM, Ltd. (SmartCash). Among other considerations, the
               Company agreed to loan SmartCash $200,000 collateralized by
               company stock (see Note 11).

                                       8
<PAGE>


Notes to Condensed Consolidated Statements (continued)
Quarter Ended March 31, 2000

Note 6.       INTANGIBLE ASSETS

              In 2000, the Company capitalized $429,750 of costs incurred to
              upgrade and enhance the check cashing software purchased from
              Check Central, Inc. The software was not ready for its intended
              use at March 31, 2000. The Company amortizes capitalized software
              costs over 5 years.

Note 7.       NOTES PAYABLE

              Notes payable at March 31, 2000 are summarized as follows:

<TABLE>

                 <S>                                           <C>
                 Notes Payable:                                $392,950
                 Notes Payable to Related Parties:             $100,000

</TABLE>

              The Company repaid note obligations during the quarter in the
              amount of $195,670 with stock (see Note 11).

Note 8.       CAPITAL LEASES

              During the first quarter of 2000, the Company obtained financing
              for certain furniture and equipment through leases. Future
              minimum lease payments under the capital lease for years ending
              March 31, are as follows:

<TABLE>

                 <S>                                           <C>
                 2001                                           $  60,148
                 2002                                              60,148
                 2003                                              53,350
                 2004                                              28,096
                 2005                                              25,902
                                                               ----------
                 Total lease payments payable                   $ 227,644
                 Less amount representing interest                (76,310)
                                                               ----------

                 Net lease payable                              $ 151,334
                                                               ==========

</TABLE>

Note 9.       STOCKHOLDERS' EQUITY

              Private Placements of Common Stock

              On or about May 1, 1999, the Company commenced an offering to
              sell, pursuant to a confidential private placement memorandum,
              up to 1,600,000 units at $5 per unit. Each unit offered included
              11.5 shares of common stock and warrants to purchase 30
              additional shares of common stock at prices ranging from $.50 per
              share to $1.50 per share. In the first quarter of 2000, the
              Company issued 12,225,332 shares pursuant to the offering, and
              realized net proceeds of $2,170,514 after deducting costs related
              to the offering of $2,864,578.

              Additional Common Stock Issued

              The Company issued 1,925,087 shares of its common stock for
              services during the quarter. The Company has recognized expenses
              for such services in the amount of $492,548.

              The Company issued 1,228,000 shares in settlement of notes
              payable and accrued interest totaling $197,320 (see Note 7).

              The Company issued 893,540 shares to acquire assets and pay
              accrued expenses totaling $836,131.

              In conjunction with the repurchase of the exclusive distributor
              agreement, the Company issued warrants to purchase 500,000 shares
              of restricted Company stock (see Note 11).

Note 10.      SEGMENTS

              The Company has two reportable segments consisting of (1) the
              sale and distribution of automatic check cashing machines and
              (2) fee income earned through check cashing transaction
              processing.

              The following is information for the Company's reportable
              segments for the quarter ended March 31, 2000:

<TABLE>
<CAPTION>

                                                 Sales      Processing
                                                Segment       Segment          Unallocated            Total
                                              -----------  ------------        -----------       -------------
              <S>                               <C>        <C>                 <C>               <C>
              Revenue                             76,713     $     2,555       $       -0-       $     79,268
              Gross margin                      (173,535)       (382,177)              -0-           (555,712)
              Depreciation and amortization       10,454          69,530            47,046            127,030
              Interest expense                                                      14,577             14,577
              Other, net                                                         1,334,700          1,334,700
              Income (loss) from continuing
                 operations before income
                 taxes                          (173,535)       (382,177)       (1,396,323)        (1,952,035)

              Identifiable assets                 70,671     $ 1,448,423       $ 5,085,607       $  6,604,701
              Capital expenditures                40,337         429,750           223,855            693,942

</TABLE>

              For the quarter ended March 31, 1999 the Company was in the
              development stage. Segment information was not applicable to
              that period.

              The above negative gross margins includes fixed overhead costs
              for expenses such as supervision, labor, amortization and
              depreciation, communications, and facilities, as well as the
              direct costs to manufacture and service the machines.
              Management anticipates improvements in the gross margins as the
              volume of machines sold and transactions processed increase to
              a level sufficient to absorb these overhead costs.

Note 11.      REPURCHASE OF DISTRIBUTOR AGREEMENT

              During March 2000, the Company repurchased the exclusive
              distribution rights to the Master Distribution Agreement with
              SmartCash ATM, Ltd. (SmartCash). In consideration, the Company
              agreed to loan SmartCash $200,000 collaterized by company stock,
              release certain restrictions on Company common stock held by
              SmartCash, issue warrants to purchase 500,000 shares of Company
              common stock, and continue to pay commissions on sales of
              machines until said commissions equal $320,000. In addition, the
              Company issued SmartCash a note payable for $320,000 that will be
              repaid through the payment of commissions noted above. The company
              recorded a $320,000 expense on this transaction (see Note 5,7
              and 9).

Note 12.      SUBSIQUENT EVENTS

              Subsequent to March 31, 2000, the Company realized net proceeds
              of $459,800 from the exercise of Class A Warrants, and issued
              1,235,000 restricted shares of common stock.

              Subsequent to March 31, 2000, the Company issued 296,900 shares
              of common stock for services.


                                       9
<PAGE>


ITEM 2 -          MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                  CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report contains forwarding looking statements which involve risk
and uncertainties. Forward-looking statements include, without limitation, any
statement that may predict, indicate or imply future results, performance or
achievements and may contain the words "believe," "expect," "anticipate,"
"estimate," "project," "will be," "will continue" or words or phrases of similar
meaning. Forward-looking statements involve risks and uncertainties which may
cause actual results to differ materially from the forward-looking statements.
Such risks and uncertainties include, but are not limited to, risks associated
with completing product development; commercial use of check-cashing machines;
product repairs; consumer acceptance; need for additional financing;
manufacturing risks; dependence on suppliers; dependence on distributors; rapid
technological changes; dependence on key personnel; compliance with state laws;
risks of technical problems or product defects; dependence on proprietary
technology and other factors detailed in the Company's reports filed with the
Securities and Exchange Commission.


INTRODUCTION

The following discussion pertains to the Company's operations and financial
condition as of the end of the first quarter March 31, 2000.

The Company is engaged in the development, production, distribution,
servicing and marketing of proprietary software that is capable of providing
consumers with a full range of automated financial services including payroll
check cashing, ATM, payday advance, wire transfers, bill paying, money order
and phone card dispensing services delivered through a freestanding kiosk,
similar in appearance to an ATM machine. The Company acquired this technology
in May 1998, when the Company purchased the exclusive rights to all of Check
Central Inc's., software and hardware designs for the expressed intent of
completing the development and marketing of a stand-alone Check Cashing ATM
unit. Check Central's technology was acquired through an exchange of all the
issued and outstanding stock of Check Central, Inc. for 35,000,000
(pre-reverse split) restricted shares of the Company's common stock valued at
$2,625,000.

PLAN OF OPERATION

The Company has invested, and continues to invest substantial amount of capital,
considerable time and effort in continuing development and evolution of the
Check Cashing ATM. The formation of relationships with Cisco Systems, MC Info,
Sprint, Fourth Shift and Bantec reflects the emphasis the Company has placed in
assembling the best available technology and service providers.

Prior to the fourth quarter of 1999, the Company's strategy for sales of the
Check Cashing ATM was through the utilization of an established, national
distributor of ATM machines. The strategy of a single, exclusive Master
Distributor was altered in the fourth quarter of 1999 through the addition of
Affiliated Computer Services (ACS) as a distributor for the Company pursuant
to a two year, non-exclusive distributorship agreement which allows ACS
certain rights to sell and market the Check Cashing ATM in the United States.
Management believes that ACS can provide the access to large chain outlets
and banking institutions that otherwise may not be accessible to the Company.

On March 20, 2000, the Company further adjusted its sales strategy by
repurchasing the rights to the Master Distributorship from SmartCash ATM.
Although SmartCash will remain a non-exclusive distributor, the Company
believes that the repurchase of the rights to the Master Distributorship
provides the Company with the certain advantages including: increase in gross
hardware and software profits, allows the Company to work directly with
Independent Sales Representatives and provides the Company with unencumbered
access to corporate chain market sales such as WalMart and Piggly Wiggly (see
Note 11).

The Company added to its marketing efforts by implementing a sales and
marketing support staff at the Oceanside facility. This staff is primarily
engaged in locating and supporting qualified distributors and Independent
Sales Operators for the distribution of the Check Cashing ATM, and
coordinating effective coverage of regional and national chain accounts.
Presently the Company has contracts with approximately 37 distributors.

Management has not engaged in direct sales activity because it believes that
established distributors have the sales infrastructure in place to penetrate
the market quickly and efficiently. This strategy allows the Company to
concentrate its resources on doing what it does best, develop reliable,
efficient products.

                                       10
<PAGE>


The Company will receive revenue from two revenue streams. The first is
through the sale of the Check Cashing ATM. The Company anticipates the
initial direct material and labor cost of the machine will be approximately
60% of the Company's selling price. The Company expects that this margin will
improve as larger volumes of machines are purchased and the Company can take
advantage of volume discounts.

The second revenue stream is generated from the fees earned in connection
with the various banking services provided on each of the machines in
operation. Fees from check cashing are regulated by the vast majority of the
states and range from 2% to 6% of the face value of the check cashed. Fees
from payday advances are also regulated by the states and range from 15% to
18% of the amount of the advance. Fees from other services range from $0.35
per transaction to 30% of the transaction. The Company will share this
revenue stream with the owner of the machine and/or other parties. The fee
generation of the Company will increase with the placement of additional
machines, and as machines mature in the market, more transaction fees will be
generated.

Management believes that it has created a convenient and cost effective system
for the reporting of activity and earnings generated from its Check Cashing ATMs
through a secure website. The website allows the users to view transactions in
both summary and detail formats, and to download transaction information into
spreadsheets.

The Company anticipates that its working capital needs will be met through a
combination of proceeds from three classes of warrants which may be exercised
as part of the Private Placement Offering, and from revenues earned from the
sale of the Check-Cashing ATM's. The Company will also pursue additional
sources of capital including, lines of credit, and purchase order financing
(See Liquidity and Capital Resources and Change of Securities). There are no
assurance the Company will receive additional proceeds from the private
placement through the exercise of warrants.

RESULTS OF OPERATIONS

REVENUE

The company earned revenues of $79,268 for the quarter ending March 31, 2000,
primarily from the sale of machines. The company sold machines to two chains,
Piggly Wiggly and Penny Wise, as well as to an independent gas station in
Michigan.

In late March, the Company placed five check cashing machines at five WalMart
locations in California. The machines will operate as a test for WalMart. The
Company will retain all fee revenues generated from the operation of the
machines, and the Company will pay WalMart a monthly fee of $1,000 per location.
The term of this agreement is 120 days. There can be no assurance that the
arrangement will be continued and/or that an arrangement with new terms and
conditions will be agreed upon.

During the first quarter 1999 the Company was a development stage company, and,
therefore, did not sell machines.

COST OF SALES

The Company incurred costs of sales of $634,980 for the quarter ending March
31, 2000. Of these costs, $250,248 related to the cost of manufacturing
machines, resulting in a $(173,535) gross sales margin. These costs included
fixed overhead expenses for items such as supervision, testing and
facilities, as well as the direct cost of the machines sold. Management
anticipates significant improvements in the gross margin on machine sales as
the volume of machines sold increases to a level sufficient to absorb these
overhead costs.

Costs associated with transaction processing, included in cost of sales, were
$384,732 for quarter ending March 31, 2000, resulting in a gross margin on
transaction revenue of $(382,177). Processing costs included fixed overhead
expenses such as amortization and depreciation, labor, and communications.
Management anticipates improvements in the gross margin with the placement of
additional machines in the field, and the associated economies of scale.

During the first quarter of 1999, the Company was a development stage company,
and, therefore, did not manufacture machines for sale. Costs associated with
manufacturing test machines, and processing the associated transactions, were
included in general and administrative expenses.


                                       11
<PAGE>


OPERATING EXPENSES

Operating expenses for the quarter ended March 31, 2000 were $1,340,042 compared
to $1,254,873 for first quarter 1999, resulting in a $85,169, or 7%, decrease.
General and Administrative expenses for the quarter ended March 31, 2000 were
$799,952 compared to $979,815 for first quarter of 1999, resulting in a
$179,863, or 18%, decrease. The primary cause of this decrease was the
classification of manufacturing and processing costs as a cost of sale during
2000, which is in contrast to 1999 when, as a result of the Company being in the
development stage, they were included in general and administrative expense.

Research and Development Costs for the quarter ended March 31, 2000 were
$220,090 compared to $275,058 for first quarter 1999, resulting in a $54,968, or
20%, decrease. This decrease reflected the transition from a development stage
company to an operating company.

During March 2000, the Company repurchased the exclusive distribution rights
to the Master Distribution Agreement with SmartCash ATM, Ltd. (SmartCash). In
consideration, the Company agreed to loan SmartCash $200,000 collateralized
by company stock, release certain restrictions on Company common stock held
by SmartCash, issue warrants to purchase 500,000 shares of Company common
stock, and continue to pay commissions on sales of machines until said
commissions equal $320,000. In addition, the Company issued SmartCash a note
payable for $320,000 that will be repaid through the payment of the commissions
noted above. The company recorded a $320,000 expense on this transaction.

OTHER EXPENSE

Net Other Expense for the quarter ended March 31, 2000 was $56,281 compared
to $1,183,734 for first quarter 1999, resulting in a $1,127,453, or 95%,
decrease. During the quarter ending March 31, 1999, the Company recorded a
$1,164,750 loss reserve in connection with the sale of 290,000 shares of
convertible preferred stock in Golden Age Homes, Inc. to one of its officers.
The shares were not convertible until December 1999 and the value at the time
of conversion was uncertain. The shares were carried at $1,450,000 at the
time of sale. As part of the transaction, the Company was relieved of debts
totaling $435,250 and issued 2,800,000 shares to the officer valued at
$285,250.

NET LOSS

During the quarter ending March 31, 2000, the Company incurred a net loss of
$1,955,235 which represents an $482,738, or 20%, decrease from the quarter
ending March 31, 1999's net loss of $2,437,973. The primary cause of this
reduction was the $1,164,750 decrease in other expense noted above. However,
a combined $324,715 increase in cost of sales and operating expenses,
resulting from the increased infrastructure required to support operations,
somewhat offset the reduction in other expense. In addition, the Company
incurred a $320,000 expense for the repurchase of the exclusive master
distributor agreement.

LIQUIDITY AND CAPITAL RESOURCES

On March 31, 2000, assets totaled $6,604,701, which represents an $1,851,764
increase from December 31, 1999's total assets of $4,752,937. The increase is
attributable to an increase in cash, as well as increased property and
equipment, notes receivable, and capitalized software development costs. The
Company's total liabilities increased for the first quarter 2000 to
$1,470,546 from $1,367,976 for the year ending December 31, 1999.

The Company reevaluates its assets on an on-going basis to determine the most
effective use and benefit to the Company in relation to the Company's operating
needs. Based on this review, the Company may, when appropriate, either sell or
leverage the assets for liquidity to support the Company's capital requirements.

Stockholder's equity was $5,134,155 at March 31, 2000, an increase of $1,749,194
from December 31, 1999, due largely to additional paid in capital from the
Private Placement Offering. The Company has a retained deficit of $(15,661,768).

The Company had working capital of $644,975 at March 31, 2000, which represents
a $1,220,441 improvement from the working capital deficiency of $(575,466) at
December 31, 1999. This improvement was due to additional funds provided to the
Company from the Private Placement Offering pursuant to Regulation D Rule 506 of
the Securities Act of 1933, as amended.

In total, the Company realized approximately $3,450,000 net proceeds from the
Offering and issued 16,000,000 restricted shares of Common Stock. If all Class A
Warrants are exercised the Company will realize approximately $6,080,000 of
proceeds, if all Class B Warrants are exercised the Company will realize
approximately $12,160,000 of proceeds and if all Class C Warrants are exercised
the Company will realize approximately $18,240,000 of proceeds. There can be no
assurance that any portion of the Class A, Class B and/or Class C Warrants will
be exercised. Said exercise is dependant upon many factors outside the control
of the Company.

The Company's needs for working capital is a key issue for management and
necessary for the Company to meet its goals and objectives. The Company
continues to pursue additional capitalization through various activities in
order to raise funds for ongoing operations, including institutional lending,
lines of credit, purchase order financing and the sale of or financing of its
assets.


                                       12
<PAGE>


YEAR 2000 Compliance

In 1999, the Company completed its year 2000 compliance review of its
information technology systems and non-information technology systems and
successfully implemented all related upgrades, replacements, or modifications
necessary. The Company experienced virtually no year 2000 business interruptions
either internally or related to its major vendors. The total cost of the year
2000 related enhancements was approximately $50,000, including an estimate of
internal payroll committed to year 2000 related projects.



                           Part II - OTHER INFORMATION


ITEM 1 - LEGAL PROCEEDINGS

The Company's officers and directors are aware of no threatened or pending
litigation which would have a material, adverse effect on the Company. From time
to time the Company is a defendant (actual or threatened) in certain lawsuits
encountered in the ordinary course of its business, the resolution of which, in
the opinion of management, should not have a material adverse effect on the
Company's financial position results of operations, or cash flows.



ITEM 2 - CHANGES IN SECURITIES


In February 2000, the Company fully subscribed its Private Placement Offering
(the "Offering"), which was commenced on May 1999 pursuant to Regulation D Rule
506 of the Securities Act of 1933, as amended. The Offering provided for the
sale of units, each unit consisting of 11.5 Shares of Common Stock of Greenland
and Class A Warrants to purchase 10 Shares of Greenland Common Stock at $.50,
Class B Warrants to purchase 10 Shares of Greenland Common Stock at $1.00 and
Class C Warrants to purchase 10 shares of Greenland Common Stock at $1.50. The
Class A Warrants expire in 12 months from date of issuance, Class B warrants 18
months from date of issuance and Class C Warrants 24 months from date of
issuance.

During the first quarter of 2000, the Company realized $2,170,514 in net
proceeds from the Offering, and issued 12,225,332 restricted shares of common
stock. These Securities are not registered and are deemed to be "Restricted"
as that term is defined under Rule 144 of the Securities Act of 1933. The
Securities were issued in reliance on the exemption from registration
pursuant to Section 4(2) of the Securities Act and Regulation D promulgated
thereunder. Written representations were obtained from the purchasers and
legends were placed upon the certificates issued in connection therewith.

The Company issued 1,200,000 shares to repay notes payable to related parties
during the first quarter of 2000. (see the Condensed Consolidated Statement
of Cash Flows for the three months ended March 31, 2000, and Note 7.)

The Company issued 482,267 shares to acquire assets during the first quarter
of 2000 (see the Condensed Consolidated Statement of Cash Flows for the
three months ended March 31, 2000).

The Company repaid debt and other accrued expenses through the issuance of
439,273 shares during the first quarter of 2000 (see the Condensed
Consolidated Statement of Cash Flows for the three months ended March 31,
2000).

The Company issued 1,925,087 shares to pay for services during the first
quarter of 2000 (see the Condensed Consolidated Statement of Cash Flows for
the three months ended March 31, 2000).

                                       13
<PAGE>


ITEM 3 - DEFAULTS ON SENIOR SECURITIES
         None.

ITEM 4 - SUBMISSION OF MATTER TO VOTE OF SECURITY HOLDERS
         None.

ITEM 5 - OTHER INFORMATION
         None.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K
         (a)      Exhibits - None
         (b)      Reports on Form 8-K
                  None








SIGNATURES



In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.





Date:  May 15, 2000                           By: /s/ Gene Cross
                                                  --------------
                                              Gene Cross
                                              Chief Financial Officer, Director





Date:  May 15, 2000                           By: /s/ Thomas J. Beener
                                                  --------------------
                                              Thomas J. Beener
                                              Secretary, Director





Date:  May 15, 2000                           By: /s/ Louis T. Montulli
                                                  ---------------------
                                              Louis T. Montulli
                                              CEO, Chairman of Board


                                       14