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 September 30, 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
                                  Fourth Floor
                               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         11,346,548 Shares Outstanding
         $0.001 par value              as of September 30, 1998



                                        1

<PAGE>



                              GREENLAND CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                              REPORT ON FORM 10-QSB
                        QUARTER ENDED SEPTEMBER 30, 1998
                                TABLE OF CONTENTS

Part I. Financial Information

Item 1. Financial Statements

          Consolidated balance sheet as of September 30, 1998
          Consolidated statements of operations
             Three  months ended  September  30, 1998 and
             1997 Nine months  ended  September  30, 1998
             and  1997  7/17/86  (date of  inception)  to
             September 30, 1998
          Consolidated statements of cash flows 
             Three months ended September  30,  1998  and  1997
             Nine months ended September 30, 1998 and 1997 
             7/17/86 (date of inception) to September 30, 1998

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
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                   September 30,
                                                                                                       1998       
                                                                                                 -----------------
ASSETS
Current Assets
<S>                                                                                              <C>              
     Cash in banks                                                                               $          37,256
     Accounts receivable - officers                                                                        147,585
                                                                                                 -----------------
                                                                         TOTAL CURRENT ASSETS              184,841

Equipment, net of depreciation of $16,688                                                                   26,366

Other Assets
     Notes Receivable                                                                                    1,900,000
     Investments                                                                                         1,639,143
     Software and licenses                                                                               2,625,000
     Capitalized software costs                                                                            186,723
                                                                                                 -----------------

                                                                                                 $       6,562,073
                                                                                                 =================

LIABILITIES AND EQUITY
Current Liabilities
     Accounts payable                                                                            $         171,494
     Accrued liabilities                                                                                    11,000
     Notes payable                                                                                         175,000
                                                                                                 -----------------

                                                                    TOTAL CURRENT LIABILITIES              357,494

     Convertible secured debentures                                                                          5,000
     Contingent liabilities                                                                                      0
                                                                                                 -----------------

                                                                            TOTAL LIABILITIES              362,494

STOCKHOLDERS' EQUITY 
     Common Stock $.001 par value:
        Authorized -100,000,000 shares
        Issued and outstanding 11,346,548 shares                                                            11,346
     Additional paid-in capital                                                                         12,483,852
     Deficit accumulated during development stage                                                       (6,295,619)
                                                                                                 ------------------

                                                                   TOTAL STOCKHOLDERS' EQUITY            6,199,579
                                                                                                 -----------------

                                                                                                 $       6,562,073
                                                                                                 =================
</TABLE>

                                        3

<PAGE>



                      GREENLAND CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                                      7/17/86
                                                        Three Months Ended              Nine Months Ended            (Date of
                                                           September 30,                  September 30,            inception) to
                                                        1998           1997           1998            1997            9/30/98     
                                                   -------------  --------------  -------------  -------------  ------------------
REVENUES
<S>                                                <C>            <C>             <C>            <C>            <C>               
     AMR Sales                                     $           0  $            0  $      10,000  $           0  $           65,000
     Other income                                             48          (7,972)         5,539         10,685              65,860
                                                   -------------  --------------  -------------  -------------  ------------------

                                                              48          (7,972)        15,539         10,685             130,860

EXPENSES
     General and administrative                          593,942         463,832      2,010,851      1,488,387           4,572,619
     Depreciation                                          1,518           1,518          4,554          4,554              16,688
     Interest                                              8,482               0         17,011              0              59,252
     Property taxes and other taxes                        5,730           2,598         35,945         18,922              89,654
     Research and development                            119,089               0        242,758              0             242,758
     Bad debts                                                 0               0              0              0              59,668
                                                   -------------  --------------  -------------  -------------  ------------------

                                                         728,761         467,948      2,311,119      1,511,863           5,040,639
                                                   -------------  --------------  -------------  -------------  ------------------

LOSS FROM OPERATIONS                                    (728,713)       (475,920)    (2,295,580)    (1,501,178)         (4,909,779)

OTHER INCOME (LOSS)
     Gain on disposition of subsidiary                         0               0              0              0             531,388
     Gain (Loss) on sale of properties                         0               0       (437,881)       290,000            (552,881)
                                                   -------------  --------------  -------------  -------------  ------------------

                                   NET LOSS FROM
                            CONTINUING OPERATIONS       (728,713)       (475,920)    (2,733,461)    (1,211,178)         (4,931,272)

     Loss from discontinued operations (Note 1)                0          (8,969)             0        (42,481)         (1,364,347)
                                                   -------------  --------------  -------------  -------------  ------------------

                                  NET LOSS BEFORE
                                     INCOME TAXES       (728,713)       (484,889)    (2,733,461)    (1,253,659)         (6,295,619)

PROVISION FOR INCOME TAXES                                     0               0              0              0                   0
                                                   -------------  --------------  -------------  -------------  ------------------

                                         NET LOSS  $    (728,713) $     (484,889) $  (2,733,461) $  (1,253,659) $       (6,295,619)
                                                   =============  ==============  =============  =============  ==================


                           NET LOSS PER WEIGHTED
                                    AVERAGE SHARE  $        (.11) $         (.23) $        (.43) $        (.61)
                                                   ============== ==============  ============== ==============

Weighted average number of common shares
     used to compute net income (loss) per
     weighted average share                            6,431,739       2,064,324      6,431,739      2,064,324
                                                   =============  ==============  =============  =============
</TABLE>



                                        4

<PAGE>



                      GREENLAND CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                                7/17/86
                                                                                    Nine months ended          (Date of
                                                                                      September 30,          inception) to
OPERATING ACTIVITIES                                                              1998           1997           9/30/98  
                                                                             -------------   -------------  -------------
<S>                                                                          <C>             <C>            <C>           
   Net loss                                                                  $  (2,733,461)  $  (1,253,659) $  (6,295,619)
   Adjustments to reconcile net loss to cash provided (required)
     by operating activities:
       Depreciation and amortization                                                 4,554         144,657        580,904
       Unrealized decrease in investments                                                0               0         83,826
       Book value of disposed assets/liabilities                                   388,000               0        588,374
       Stock issued for services                                                 1,659,332         324,249      2,482,754
   Changes in operating assets and liabilities:
       Accounts receivable - officer                                                (1,000)        (17,950)       (87,918)
       Escrow accounts                                                                   0          (3,484)             0
       Other assets                                                                      0                            542
       Accounts payable                                                             47,992          76,257        171,494
       Accrued expenses                                                            (78,508)          7,723         11,000
       Notes payable                                                               175,000               0        175,000
       Payable to stockholders                                                           0         (60,960)             0
       Current portion of long-term debt                                                 0          (1,100)             0
       Property taxes payable                                                            0         (15,000)      (112,522)
                                                                             -------------   -------------  -------------
                                  NET CASH REQUIRED BY OPERATING ACTIVITIES       (538,091)       (799,267)    (2,402,165)


INVESTING ACTIVITIES
   Acquisition of investments                                                            0        (300,000)             0
   Capitalization of software costs                                                      0               0       (186,723)
   Purchase of stock                                                                     0               0        (55,000)
   Purchase of equipment                                                              (581)              0        (18,139)
   Sale of property                                                                112,000               0        112,000
   Organization cost                                                                     0               0            (50)
                                                                             -------------   -------------  -------------
                           NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES        111,419        (300,000)      (147,912)

FINANCING ACTIVITIES
   Cash from subsidiary                                                                  0               0         23,415
   Proceeds from sale of stock                                                     452,400         659,933      2,089,736
   Collections of stock subscription                                                     0               0         40,000
   Amounts borrowed from (repaid to) stockholders                                        0        (140,790)             0
   Repayment of loans                                                                    0         (15,731)      (243,818)
   Proceeds from new loans                                                           5,000         600,000        678,000
                                                                             -------------   -------------  -------------
                                  NET CASH PROVIDED BY FINANCING ACTIVITIES        457,400       1,103,412      2,587,333
                                                                             -------------   -------------  -------------

                                      INCREASE IN CASH AND CASH EQUIVALENTS         30,728           4,145         37,256

   Cash and cash equivalents at beginning of period                                  6,528           6,909              0
                                                                             -------------   -------------  -------------
                                 CASH AND CASH EQUIVALENTS AT END OF PERIOD  $      37,256   $      11,054  $      37,256
                                                                             =============   =============  =============

   SUPPLEMENTAL INFORMATION
     Cash paid for interest                                                  $       8,482   $              $     959,803
     Subsidiary acquired by issuance of stock                                    2,625,000                      2,625,000
     Assets acquired by assumption of debt and issuance of stock                                               10,933,790
     Cancellation of stock previously issued for assets determined
       to be worthless (Note 4)                                                                                   459,432
     Investment received in exchange for non-cash assets                                         2,515,000      6,365,000
     Net book value of assets exchanged for investment                                                         (1,412,077)
     Land option exchanged for investment                                                       (2,515,000)    (2,515,000)
     Stock issued to cancel debt                                                   616,400                        865,439
                                                                             -------------   -------------  -------------

                                                                             $   3,249,882   $           0  $  18,281,387
                                                                             =============   =============  =============
</TABLE>

                                        5

<PAGE>



Part I - Financial Information

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
September  30, 1998 are not  necessarily  indicative  of the results that can be
expected for the year ended December 31, 1998. 

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  September  30,  1998  and  1997,
respectively.

         The   operations  of  the  Company's   meter  reading   operations  and
newly-acquired Check Central,  Inc. subsidiary are consolidated in the Company's
financial statements.

         The  Company's  AMR  operations  have  been  devoted  to  research  and
development  of  prototype  installations  of its  AirLink(TM)  automated  meter
reading  system.  Operations  have been  devoted  primarily to  engineering  and
administration.  The  Company  has pursued  limited  marketing  and sales of its
product line.

     During the third  quarter,  the Company  has  devoted  the  majority of its
resources to the  development of its Check Central check cashing machine and, as
a result, the development of AMR has been slowed.

         The Company, in May 1998, acquired Check Central,  Inc.,  developers of
proprietary technology to provide automated check cashing, money orders, and ATM
services from free-standing automated teller machines in retail locations.

         The  acquisition  of  Check  Central  was  an  all-stock   transaction.
Greenland  purchased  all of the  outstanding  shares of Check  Central  for 3.5
million shares of Greenland  restricted common stock (after the reverse split of
the Company's common stock) , representing,  at the time,  approximately  45% of
the total issued and outstanding shares.

         The Company  expects that some of its Check  Central  machines  will be
Company-owned  for  which  it  will  pay a  space  rental  fee  and a  split  of
transaction  fees with  retailers.  At this time,  the Company  has  released no
forecast  related  to  the  future   financial   performance  of  Check  Central
operations. However, the Company estimates that the check-cashing market segment
is  approximately  $1.5 billion  annually.  The Company  anticipates  rollout of
initial units later in the current fiscal year.

Results of Operations Revenues

         The  Company  had no income  from sales of AirLink  systems  during the
quarter ended September 30, 1998. There was no income from AMR operations during
the  corresponding  quarter  of fiscal  1997.  For the nine month  period  ended
September 30, 1998, the Company had AMR revenues of $10,000  associated with its
pilot  operations.  There were no  corresponding  revenues in the year-  earlier
period.  To date,  the Company has had AMR revenues of $65,000,  all  associated
with contracted pilot installations of AirLink.

     Other  income for the three months  ended  September  30, 1998 was $48. The
Company had  $(7,972)  from other  income in the prior year.  For the nine month
period ended September 30, 1998, the Company had other income of $5,539 compared
to $10,685 in the prior year nine month period.

Expenses

         General and  administrative  expenses  for the three month period ended
September  30, 1998 totaled  $593,942 as compared to $463,832 for the prior year
period,  an  increase  of $130,110  or 28.1%.  For the nine month  period  ended
September  30, 1998,  general and  administrative  expenses  were  $2,010,851 as
compared to  $1,488,387  for the prior  year,  an increase of $522,464 or 35.1%.
Since inception (July 17, 1986),  the Company has paid $4,572,619 of general and
administrative expenses.

                                        6

<PAGE>



         Research  and  development  expenses  for the three month  period ended
September 30, 1998 were $119,089, compared to $0 in the year-earlier three month
period.  For the nine month  period  ended  September  30,  1998,  research  and
development  expenses  were  $242,758  as  compared  to $0 for the period  ended
September  30,  1997.  The Company has paid a total of $242,758 in research  and
development expenses since its inception.

         Depreciation  expense was $1,518 for the third  quarter of fiscal 1998;
the identical amount as in the year-earlier  three-month period.  These expenses
are directly  related to Company  equipment.  For the nine month  periods  ended
September 30, 1998, and 1997, depreciation was $4,554.

         Interest  expense was $9,482 in the third quarter period of 1998; there
were no such  expenses in the first  quarter of fiscal 1997.  Interest  expenses
were $17,011 for the nine month period ended  September  30, 1998 compared to no
such expenses in the year-earlier  nine-month  period. The increases in interest
expense are principally due to the Company's debt. Since inception,  the Company
has paid $59,252 in interest.

         Taxes for the three month period ended  September  30, 1998 were $5,730
compared to $2,598 in the previous year's third quarter,  an increase of $3,132.
For the nine month period ended September 30, 1998,  taxes were $35,945 compared
to taxes of $18,922  for the prior  year's  nine month  period,  an  increase of
$17,023. These increases are principally related to payroll taxes. 

Check Central Operations

         Check Central,  Inc.,  acquired by Greenland in the second quarter,  is
operated as a wholly-owned subsidiary. Check Central has developed technology to
enable automated banking and check cashing.

         The fundamental  Check Central  product is an automated  teller machine
that is installed in a retail  environment such as a convenience  store,  liquor
store,  laundromat,  supermarket,  etc.  It provides  an  automated  platform to
provide   several    financial    services.    The   basic   services   include:
payroll/government  check cashing,  money orders, and ATM functions.  Additional
services may include,  in the future:  bill paying services  (including  utility
bills), wire transfers,  on-line purchases, payday loans, electronic tax filing,
etc.

         The  core  of  the  system  is  Check  Central's   proprietary   server
technology.  This is an on-line check  approval  system that makes all the check
cashing  decisions  and  electronically   dispenses  the  cash  for  each  check
transaction.  This service,  along with the  user-friendly  design of the retail
machine,  enables automated  transaction  services possible,  including advanced
security  features to minimize theft and fraud.  This server  technology,  Check
Central Management Software ("CCMS"),  has been extensively tested in the retail
market.  This  technology  eliminates all  responsibility  at the store level by
providing  proprietary  software with sophisticated risk management  algorithms,
digital communication to each branch location,  connectivity to major databases,
and a back-office  staff with experienced  check cashing  personnel.  The system
makes all check cashing decisions in a real-time environment.

         Initially,  the  Company  will own and  operate  a  limited  number  of
machines,  paying for retail space and providing some profit-sharing revenues to
retailers.  Alternatively,  the  Company  will sell Check  Central  machines  to
retailers  and provide  service and support in exchange for a percentage  of fee
revenues.

     At present,  Check Central production units are in development.  Management
anticipates release of these units in the fourth quarter of fiscal 1998.

Automated Meter Reading Operations

     The Company has determined that the AirLink system is not now market-ready;
and  the  Company  estimates  that  getting  it  market-ready  will  require  an
additional  year of development and substantial  resources.  Going forward,  the
Company does not presently  have the capital  necessary to launch Check Central,
and  simultaneously  continue  to develop  AirLink.  Therefore,  the Company has
slowed  the  development  of  AirLink  while  it  fully  evaluates  all  of  its
alternatives,  which could include raising additional  capital  specifically for
AirLink,  joint  venturing  with  another  company  for its  completion,  or the
possible sale of the technology.  The Company will consider all alternatives and
options  carefully,  and make a  decision  that is in the best  interest  of its
stockholders. Liquidity and Capital Resources

         The  Company's  total assets were  $6,562,073 at September 30, 1998, an
increase of $2,152,755,  or 48.8%,  over the year ended December 31, 1997.  This
increase in assets is based primarily on the acquisition of Check Central.

         At September 30, 1998, the Company's total liabilities were $362,494, a
decrease of $450,516 (55.4%) over the year ended December 31, 1997. The decrease
is  attributable  primarily to the  conversion of the Company's 10%  Convertible
Secured Debentures.

         Stockholders'  equity was $6,199,579 at September 30, 1998, an increase
of $2,603,271 (72.4%) over the year ended December 31, 1997.

                                        7

<PAGE>



         The Company had working  capital deficit of $(172,653) at September 30,
1998.  The Company's  working  capital has decreased by $112,757  since the year
ended December 31, 1997. Management is currently evaluating its options to raise
additional  capital  through  equity or debt financing in order meet its ongoing
requirements for working capital to grow the business.

                           PART II - OTHER INFORMATION

ITEM     1 - LEGAL PROCEEDINGS 
None.

ITEM 2 - CHANGES IN SECURITIES

         The Company  effected a 1 for 10 reverse  split of its Common  Stock in
July, 1998.

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 September 2, 1998,  related to the exchange of shares of
         Greenland  Common  Stock  for all of the  outstanding  shares  of Check
         Central, Inc.


                                        8

<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

November 24, 1998
                             -------------------------------
                             Lee R. Swanson
                             President, Chief Executive Officer, and Acting
                                              Chief Financing Officer

November 24, 1998
                             -------------------------------
                             Thomas Beener
                             Secretary


                                        9