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, 1998

                           Commission File No. 017833

                                    GREENLAND
                                   CORPORATION




           Nevada                                     87-0439051
(State or other jurisdiction of         (I.R.S. EMPLOYER IDENTIFICATION NUMBER)
incorporation or organization)
                                7084 Miramar Road
                               San Diego, CA 92121
              (Address and zip code of principal executive offices

                                 (619) 566-9604
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (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


Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.


Class A Common Stock                  42,186,787 Shares Outstanding
  $0.001 par value                         as of May 15, 1998




<PAGE>



                              GREENLAND CORPORATION
                              REPORT ON FORM 10-QSB
                          QUARTER ENDED MARCH 31, 1998

                                TABLE OF CONTENTS

         Part I.                    Financial Information

         Item 1.  Financial Statements (unaudited)

                      Condensed consolidated balance sheets as of March 31,
                      1998 and December 31, 1997

                      Condensed consolidated statements of operations
                      Three months ended March 31, 1998 and 1997

                      Condensed consolidated statements of changes in
                      stockholders' equity as of March 31, 1998

                      Condensed consolidated statements of cash flows as of
                      March 31, 1998 and 1997

                      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
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                          QUARTER ENDED MARCH 31, 1998


<TABLE>
<CAPTION>
                                                                              MAR. 31, 1998          DEC. 31, 1997
                                                                            -----------------      -----------------
ASSETS                                                                            (UNAUDITED)              (AUDITED)

CURRENT ASSETS:
<S>                                                                         <C>                    <C>              
     CASH IN BANK                                                           $          12,274      $           6,528
     ACCOUNTS RECEIVABLE, OFFICERS                                                    146,586                146,586
     PREPAID EXPENSES                                                                     300                      -
                                                                            -----------------      -----------------
                                                   TOTAL CURRENT ASSETS               159,160                153,114

     EQUIPMENT, NET OF DEPRECIATION                                                    29,401                 30,338

     OTHER ASSETS
           INVESTMENTS                                                              4,039,143              4,039,143
           CAPITALIZED SOFTWARE                                                       186,723                186,723
                                                                            -----------------      -----------------

                                                           TOTAL ASSETS     $       4,414,427      $       4,409,318
                                                                            =================      =================

LIABILITIES AND EQUITY

CURRENT LIABILITIES:
     ACCOUNTS PAYABLE                                                       $          95,707      $         123,502
     ACCRUED WAGES PAYABLE                                                                  -                 29,750
     PAYROLL TAXES PAYABLE                                                             59,427                 59,758
     NOTES PAYABLE                                                                     38,000                      -
                                                                            -----------------      -----------------

                                              TOTAL CURRENT LIABILITIES               193,134                213,010

     12% CONVERTIBLE DEBENTURES                                                         5,000                      -
     10% CONVERTIBLE SECURED DEBENTURES                                               400,000                600,000
                                                                            -----------------      -----------------

                                                      TOTAL LIABILITIES               598,134                813,010

STOCKHOLDERS' EQUITY

COMMON STOCK
     $0.001 PAR VALUE: 100,000,000 AUTHORIZED; 34,387,787 SHARES
     ISSUED AND OUTSTANDING AT 3/31/98                                                 34,388                 27,097
ADDITIONAL PAID-IN CAPITAL                                                          7,828,520              7,131,369
RETAINED DEFICIT                                                                   (4,046,615)            (3,562,158)
                                                                            -----------------      -----------------

          TOTAL STOCKHOLDERS' EQUITY                                                3,816,293              3,596,308
                                                                            -----------------      -----------------

                                                                            $       4,414,427      $       4,409,318
                                                                            =================      =================
</TABLE>



                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.

                                       3

<PAGE>

                              GREENLAND CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                          QUARTER ENDED MARCH 31, 1998


<TABLE>
<CAPTION>
                                                               THREE MONTHS ENDED MAR. 31,

                                                                    1998               1997
                                                             (UNAUDITED)        (UNAUDITED)
                                                        ----------------     --------------
REVENUES:
<S>                                                     <C>                  <C>           
     AMR INCOME                                         $         10,000     $       15,000
     RENTAL INCOME                                                     -            117,548
     OTHER INCOME                                                    620              2,579
                                                        ----------------     --------------

          NET REVENUE                                             10,620            135,127

EXPENSES:
     GENERAL AND ADMINISTRATIVE EXPENSE                          119,322             71,837
     CONSULTING FEES                                             242,835            211,405
     SALARIES                                                     44,957            103,555
     MARKETING AND SALES                                           7,760             53,502
     ENGINEERING                                                  56,410             50,715
     RENT                                                         13,825             51,370
     DEPRECIATION                                                  1,518             48,219
     PROPERTY TAXES                                                    -             11,498
     INTEREST                                                      8,450             71,482
                                                        ----------------     --------------

                                                                 495,077            673,583
                                                        ----------------     --------------

INCOME (LOSS) FROM OPERATIONS                                  (484,457)          (538,456)

OTHER INCOME (EXPENSE)                                                 -                  -

PROVISION FOR INCOME TAXES                                             -                  -
                                                        ----------------     --------------

     NET INCOME (LOSS)                                  $       (484,457)    $     (538,456)
                                                        ================     ==============

NET INCOME (LOSS) PER SHARE                             $          (0.02)    $        (0.03)
                                                        ================     ==============

WEIGHTED AVERAGE NUMBER OF COMMON
   SHARES USED TO COMPUTE INCOME (LOSS)
   PER SHARE                                                  29,462,787         16,847,291

</TABLE>



                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.

                                       4


<PAGE>

                              GREENLAND CORPORATION
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                          QUARTER ENDED MARCH 31, 1998


<TABLE>
<CAPTION>
                                              COMMON STOCK                   ADDITIONAL
                                            PAR VALUE $0.001                  PAID-IN             RETAINED
                                         SHARES           AMOUNT              CAPITAL              DEFICIT
                                     ---------------  ---------------    ----------------    -----------------  
<S>                                  <C>              <C>                <C>                 <C>          
BALANCES AT 12/31/97                      27,097,787  $        27,097    $      7,131,369    $      (3,562,158)
  ISSUANCE OF COMMON
   AT $0.05 PER SHARE FOR CASH             2,250,000            2,250             112,500
   AT $0.10 PER SHARE FOR SERVICES            25,000               25               5,000
   AT $0.05 PER SHARE FOR SERVICES         4,815,000            4,815             569,851
   AT PAR  FOR SERVICES                      200,000              200               9,800

NET LOSS FOR PERIOD                                -                -                   -             (484,457)
                                     ---------------  ---------------    ----------------    ----------------- 

BALANCES AT 3/31/98                       34,387,787  $        34,388    $      7,828,520    $      (4,046,615)
                                     ===============  ===============    ================    ================= 
</TABLE>


                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.

                                       5

<PAGE>

                              GREENLAND CORPORATION
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                          QUARTER ENDED MARCH 31, 1998


<TABLE>
<CAPTION>
                                                                 3 MONTHS ENDED
                                                                     MARCH 31,
                                                               1998               1997
                                                           (UNAUDITED)        (UNAUDITED)
                                                           -------------      -------------
OPERATING ACTIVITIES
<S>                                                        <C>                <C>          
   NET INCOME (LOSS)                                       $    (484,457)     $    (538,456)
   ADJUSTMENTS TO RECONCILE NET LOSS TO CASH USED
     BY OPERATING ACTIVITIES:
          STOCK ISSUED FOR SERVICES                              589,692            191,690
          DEPRECIATION                                             1,518             48,219

   CHANGES IN OPERATING ASSETS AND LIABILITIES:
          ACCOUNTS RECEIVABLE                                          -            (18,050)
          ESCROW ACCOUNTS                                              -             (1,670)
          PREPAID EXPENSES                                          (300)                 -
          ACCOUNTS PAYABLE                                       (27,795)            16,129
          PAYROLL TAXES PAYABLE                                     (331)           (31,696)
          ACCRUED WAGES PAYABLE                                  (29,750)                 -
                                                           -------------      -------------

NET CASH USED (REQUIRED) BY OPERATING ACTIVITIES                  48,577           (333,834)

INVESTING ACTIVITIES
     PURCHASE OF EQUIPMENT                                          (581)                 -
                                                           -------------      -------------

NET CASH PROVIDED BY INVESTING ACTIVITIES                           (581)                 -

FINANCING ACTIVITIES
   PROCEEDS FROM SALE OF STOCK                                   114,750            379,347
   COLLECTION OF STOCK SUBSCRIPTION                                    -                  -
   NOTES PAYABLE                                                  43,000
   AMOUNTS REPAID TO STOCKHOLDER                                       -            (20,000)
   REPAYMENT OF LOANS                                           (200,000)            (8,644)
                                                           -------------      -------------

NET CASH PROVIDED BY FINANCING ACTIVITIES                        (42,250)           350,703
                                                           -------------      -------------

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                   5,746             16,869

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                   6,528              6,909
                                                           -------------      -------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                 $      12,274      $      23,778
                                                           =============      =============

SUPPLEMENTAL INFORMATION
   CASH PAID FOR INTEREST                                  $       8,450      $      71,482
                                                           -------------      -------------
                                                           =============      =============
</TABLE>



                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS.

                                       6

<PAGE>

                              GREENLAND CORPORATION
                   NOTES TO CONDENSED CONSOLIDATED STATEMENTS
                          QUARTER ENDED MARCH 31, 1998


NOTE 1: BASIS OF PRESENTATION

General

         The accompanying  unaudited 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.  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, 1997. 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, 1998 are not necessarily  indicative of the results that can be expected for
the year ended December 31, 1998.


NOTE 2:  DISCONTINUED OPERATIONS

         In December,  1997 the Company disposed of its wholly-owned  subsidiary
Gam  Properties,  Inc.  (which  was in the real  estate  rental  business).  The
financial  statements for the period ended March 31, 1997 have not been restated
to  reflect  the loss from  Gam's  operations  as  resulting  from  discontinued
operations.


NOTE 3: INVESTMENTS

              Investments consist of the following items:

              1-  25,000 shares of common stock of PSA, Inc. (OTCBB-PSAZ).  The 
              cost was $55,000, and the current market value at May 21, 1998 was
              $56,250.

              2-A 49% interest in a limited  liability company which is reported
              at $134,143 under the equity method.

              3- 1,100,000 convertible preferred shares of Natural Born Carvers,
              Inc. (OTCBB-CARV). The cost was $2,515,000. Subsequent to December
              31, 1997,  the Company has exchanged the shares for land and notes
              receivable valued at $2,400,000. The investment has been reflected
              at a value of $2,400,000  as of December 31, 1997.  The shares are
              convertible  in  1998  to the  number  of  common  shares  (at the
              then-current market price) equivalent to $2,860,000.

              4-290,000  convertible  preferred shares of Golden Age Homes, Inc.
              (OTCBB-GAHI). The net book value of the Company's subsidiary which
              was  exchanged  for these shares was  $1,412,077.  The  negotiated
              price at  December  31,  1997 was  $1,630,000,  which is the value
              reflected   on  these   financial   statements.   The  shares  are
              convertible  in  1999  to the  number  of  common  shares  (at the
              then-current market price) equivalent to $1,450,000.

         In the first  quarter,  the Company  entered into a  transaction,  with
Quantix, a Nevada  Corporation,  to exchange its holdings of 1,100,000 shares of
5%  Convertible  Class B Preferred  Stock of Natural  Born  Carvers,  Inc. for a
combination of real estate, trust deeds, and promissory note. The transaction is
intended to convert non-liquid assets of the Company into those that can be used
for the ongoing financing of the Company.  Management believes that the exchange
of illiquid assets for liquid assets of  substantially  equal value will enhance
the ability of the Company to continue financing its operations.

                                       7



<PAGE>



NOTE 4: 10% CONVERTIBLE SECURED DEBENTURES

         On April 9, 1997,  the Company  sold  $600,000 in  aggregate  principal
amount of 10%  Convertible  Debentures  due April 30, 1999 under  Regulation  S.
Sales  commissions  of 15% were paid.  The Company  placed  4,000,000  shares of
restricted  stock in  escrow as  security.  Under  the  original  terms of their
issuance,  the Series B Convertible Debentures are convertible into common stock
at the lower of $.186 per share or 62% of the  closing  bid price of the  common
stock averaged over the five days prior to conversion.  The issuance and sale of
the Series B Convertible  Debentures was intended to comply with Regulation S of
the Securities  Act.  Based in part on the advice of outside legal counsel,  the
Company believed that the validity of the  convertibility  of the Debentures was
open to some question.  The Company was sued by the Holders of the Debentures to
force  conversion.  During and  subsequent  to the first  quarter,  the  Company
settled with the Holders of the  Debentures and issued  9,000,000  shares of its
common stock to retire the Debentures.

NOTE 5: 12% CONVERTIBLE SECURED DEBENTURES

         During the first quarter of fiscal 1998, the Company issued an offering
consisting  of $250,000 of 12%  Convertible  Debentures  due April 1, 2000.  The
Company promises to pay the registered holder(s) of debentures the principal sum
of his  investment  on April 1, 2000 and to pay  interest on the  principal  sum
outstanding  from time to time in arrears on the maturity date of the debentures
at the rate of twelve percent (12%) per annum, accruing from the date of initial
issuance.  The debentures are  convertible  into shares of the Company's  common
stock at the greater of $0.10 per share or ninety percent (90%) of the bid price
of the Company's common stock as quoted on the OTC Electronic  Bulletin Board at
the date of conversion. For each $10,000 of debentures,  purchasers will receive
50,000  one-year  warrants,  expiring  March 1, 1999, to purchase  shares of the
Company's common stock at $0.25 per share.  During the first quarter ended March
31, 1998, the Company sold a principal amount of Debentures of $5,000.

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

         The  following   discussion   pertains  to  the  Company's  results  of
operations and financial condition as of March 31, 1997 and 1997, respectively.

         In December 1997,  the Company sold its GAM  Properties,  Inc.  ("GAM")
subsidiary.  Income  and  expenses  associated  with  GAM have  been  previously
consolidated on the Company's financial statements. The financial statements for
the period ended March 31, 1998 do not include such income and expenses.

         The Company continues with the ongoing development and marketing of its
AirLink  automated  meter reading system for utilities.  The Company  introduced
AirLink, for the first time, in June 1996. During the course of fiscal 1996, the
Company  entered into  agreements  to install  AirLink  pilot systems in Oregon,
Utah, and Connecticut.  During 1997, the Company installed various iterations of
the technology in Connecticut and Oregon.  As a result of these pilot tests, the
technology has been improved,  and the Company expects to install these improved
systems in the fiscal 1998.

Results of Operations

         During the first  quarter  of fiscal  1998 ended  March 31,  1998,  the
Company  had losses of  $484,457,  compared  to losses of  $538,456  in the year
earlier  period.  The decrease of $53,999 is due primarily to the Company's sale
of its GAM Properties,  Inc.  subsidiary in December 1997,  operations which had
been contributing to the Company's losses in previous periods.

Income

         Income  from  the  Company's   automated   meter   reading   technology
("AirLink(TM)")  was $10,000 during the first  quarter,  compared to $15,000 for
the year-earlier period. The Company continues to refine its AirLink technology;
and pilot  installations serve as a platform for ongoing testing and performance
evaluation.


                                       8
<PAGE>



         Other income (including interest income) was $620 for the first quarter
compared  to $2,579 in the first  quarter  of last  year.  The  decrease  is due
principally to the disposition of the Company's GAM operations.

Expenses

         General and administrative expenses for the period ended March 31, 1998
totaled $ 485,109,  compared to $440,299,  an increase of $44,810  (10.2%).  The
increase in general and administrative  expenses were due primarily to increases
in expenses associated with ongoing  capitalization of the Company,  and ongoing
operations associated with product development.

         Depreciation  expense during the first quarter ended March 31, 1998 was
$1,518,  compared to $48,219 for the first quarter of fiscal 1997. This decrease
is due to the sale of the Company's GAM operations in fiscal 1997.

         Interest  expense  decreased by $63,032 to $8,450  (13.4%) in the first
quarter  period of 1998 over the first quarter  period of fiscal 1997 due to the
sale of the Company's GAM operations in fiscal 1997.

Operations

         The Company has continue to fund the development efforts related to its
automated meter reading  operations.  Sales of the Company's  AirLink  automated
meter reading system have been limited to pilot  installations  for utilities in
Connecticut,  Utah, and Oregon. Marketing and sales efforts on behalf of AirLink
have been  accelerated,  and the Company has  responded to several  requests for
proposal from utilities in the U.S. and internationally.

         The Company has submitted  several  proposals,  which were requested by
utilities in the United  States and three  countries in South  America.  Many of
these  proposals  are  still  pending.  While  management  believes  that  these
proposals are  competitive,  there can be no assurance  that the Company will be
selected as a provider of these automated meter reading systems.

         Subsequent to the period ended March 31, 1998, the Company entered into
Memorandum  of  Understanding  with Symmetry  Device  Research  ("Symmetry")  to
provide  AirLink to Symmetry  clients.  Symmetry is a licensed  power  marketer,
broker and  aggregator in the state of California and expects to be certified by
the California Public Utilities Commission as a Meter Service Provider and Meter
Data  Management  Agent.  The company  specializes  in power  quality and energy
management issues.

Liquidity and Capital Resources

         The  Company's  total  assets were  $4,414,427  at March 31,  1998,  an
increase of $5,109  compared to the year ended December 31, 1997.  This increase
in  assets  is based  primarily  on  increases  in  cash.  The  Company's  total
liabilities at March 31, 1998 were $598,134 compared to $813,010 at December 31,
1997;  a decrease of $214,876 or 26.4%.  This  decrease is due  primarily to the
conversion of $200,000 principal amount of 10% Convertible  Debentures converted
in the first quarter period. Subsequent to March 31, 1998, the Company converted
the  balance  of  $400,000  principal  of these  Debentures.  (Also see Notes to
Consolidated Financial Statements.)

         The Company had negative  working capital of $33,974 at March 31, 1998.
The Company has extended a private placement offering to raise, over time, up to
$7,500,000. The Company continues to investigate several alternatives to acquire
additional capital,  including  borrowings on some of its assets. The Company is
actively  pursuing  financing  related to  anticipated  needs related to project
financing of its automated meter reading operations.

PART II - OTHER INFORMATION

         Subsequent to the end of the period,  in May 1998, the Company signed a
Letter of Intent with Check  Central,  Inc.  to acquire  all of the  outstanding
shares of Check  Central,  Inc. in exchange for  34,400,000  shares of Greenland
Corporation  restricted  common  stock.  Subject to  execution  of a  definitive
agreement,  Check  Central,  Inc. will become a  wholly-owned  subsidiary of the
Company.

         Check Central,  Inc. has developed a proprietary system consisting of a
sophisticated back-end computer network connected,  via ISDN telephone lines, to
free-standing  kiosks that resemble  standard  bank ATM machines.  Check Central
terminals will cash payroll checks, provide ATM services, and issue money orders
to users of the system.

                                       9

<PAGE>



ITEM 1 - LEGAL PROCEEDINGS

         The  Company  is not  involved  in any  litigation  that  would  have a
material adverse effect on the Company; and the officers and directors are aware
of no  threatened  or pending  litigation  which would have a material,  adverse
effect on the Company.

ITEM 2 - CHANGES IN SECURITIES

         None.

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

              Form  8-K  filed  January  22,  1998  related  to the  sale of the
              Company's  GAM  Properties,  Inc.  subsidiary to Golden Age Homes,
              Inc.;  and to report the sales of equity  securities  pursuant  to
              Regulation S to R.O.I., Inc.



                                       10

<PAGE>



                                   SIGNATURES


Pursuant  to 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.




                         GREENLAND CORPORATION


May 22, 1998             /s/  Eric W. Gaer
                         ------------------------------------------------------
                         Eric W. Gaer
                         President, Chief Executive Officer, and acting Chief
                         Financial Officer


May 22, 1998             /s/  Michael H. deDomenico
                         ------------------------------------------------------
                         Michael H. deDomenico
                         Secretary


                                       11