SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

QUARTLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934

FOR  THE  QUARTERLY  PERIOD  ENDED  SEPTEMBER  30,  2002

                         COMMISSION FILE NUMBER: 017833

                              GREENLAND CORPORATION
             (Exact Name of Registrant as specified in its charter)

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

                               17075 VIA DEL CAMPO
                               SAN DIEGO, CA 92127
                    (Address of principal executive offices)

                                  (858) 451-6120
                           (Issuer's telephone number)

                      2111 PALOMAR AIRPORT ROAD, SUITE 200
                               CARLSBAD, CA 92009
                                 (Prior Address)
                     (760) 804-2770 (Prior telephone number)

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.
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 $0.001 PAR VALUE
              9,289,268 SHARES OUTSTANDING AS OF NOVERMBER 13, 2002

                       DOCUMENTS INCORPORATED BY REFERENCE

Traditional  Small  Business  Disclosure  Format  (check  one):  YES   NO

<PAGE>
                              GREENLAND CORPORATION
                              REPORT ON FORM 10-QSB
                        QUARTER ENDED SEPTEMBER 30, 2002
                                TABLE OF CONTENTS

Part  I.          Financial  Information

Item  1.     Financial  Statements  (unaudited)

     Consolidated  balance  sheets  as  of  September  30,  2002

Consolidated  statements  of  operations  for  the  three  and nine months ended
September  30,  2002  and  2001

Consolidated  statements  of  cash flows for the nine months ended September 30,
2002  and  2001

     Notes  to  consolidated  financial  statements

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

Part  II.          Other  Information

          Signatures

<PAGE>
                              GREENLAND CORPORATION
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)
                               SEPTEMBER 30, 2002

<TABLE>
<CAPTION>



<S>                                                                                       <C>
(in thousands, except share amounts)
ASSETS
----------------------------------------------------------------------------------------


CURRENT ASSETS:
     Cash & cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $                1
     Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 146
     Other current assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                  15
                                                                                          -------------------
          Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 162

PROPERTY AND EQUIPMENT, NET. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 422

OTHER ASSETS
     Intangibles, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 733
     Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                  29
                                                                                          -------------------
                                                                                          $            1,346
                                                                                          ===================

LIABILITIES AND STOCKHOLDERS' EQUITY
----------------------------------------------------------------------------------------

CURRENT LIABILITIES:
     Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $              792
     Accrued expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               1,251
     Note payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 399
     Note payable-related party. . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 198
     Current maturities of obligations under capital lease . . . . . . . . . . . . . . .                 141
                                                                                          -------------------
          Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . .               2,781

Long term debt
Obligations under capital lease less current maturities. . . . . . . . . . . . . . . . .                  58

COMMITMENTS

STOCKHOLDERS' EQUITY
     Convertible Preferred Class A stock, $.001 par value;
        authorized shares 10,000, issued and
        outstanding  shares 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                   -
     Common stock, $.001 par value; authorized shares
        500,000,000, issued and outstanding shares 9,289,268 . . . . . . . . . . . . . .                 468
     Additional paid in capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . .              29,135
     Subscribed shares and receivables . . . . . . . . . . . . . . . . . . . . . . . . .                (597)
     Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .             (30,499)
                                                                                          -------------------
          Total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . .              (1,493)
                                                                                          -------------------

                                                                                          $            1,346
                                                                                          ===================

The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>

<PAGE>
                              GREENLAND CORPORATION
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>



<S>                                                        <C>                   <C>                  <C>       <C>
                                                           THREE MONTHS ENDED    NINE MONTHS ENDED
Thousands except per share amounts. . . . . . . . . . . .  SEPTEMBER 30,         SEPTEMBER 30,
                                                                          2002                 2001      2002      2001
                                                                                                                --------
Net sales . . . . . . . . . . . . . . . . . . . . . . . .  $               -0-   $              -0-   $   -0-   $   189
                                                           --------------------  -------------------  --------  --------
Cost of goods sold. . . . . . . . . . . . . . . . . . . .                  101                  133       304       650

          Gross profit (loss) . . . . . . . . . . . . . .                 (101)                (133)     (304)     (461)

General and administrative expenses . . . . . . . . . . .                  280                  685     1,675     2,781
Research and development costs. . . . . . . . . . . . . .                  -0-                    2       -0-        87
          Total operating costs . . . . . . . . . . . . .                  280                  687     1,675     2,868
                                                           --------------------  -------------------  --------  --------

          Operating loss. . . . . . . . . . . . . . . . .                 (381)                (820)   (1,979)   (3,329)

Other income (expenses):
   Loss on sale of assets . . . . . . . . . . . . . . . .                  -0-                  (35)       (3)     (519)
   Gain on investment disposal. . . . . . . . . . . . . .                  -0-                  -0-       150       -0-
    Impairment on goodwill. . . . . . . . . . . . . . . .                  -0-                  -0-    (1,565)      -0-
   Termination of lease cost. . . . . . . . . . . . . . .                  -0-                  -0-       -0-      (212)
    Warrant costs - equity investor . . . . . . . . . . .                  -0-                  -0-       -0-      (138)
   Interest expense . . . . . . . . . . . . . . . . . . .                  (23)                 (31)      (95)      (85)
   Other income (expense) . . . . . . . . . . . . . . . .                  -0-                  -0-       -0-       (16)
         Total other income (expense) . . . . . . . . . .                  (23)                 (66)   (1,513)     (970)
                                                           --------------------  -------------------  --------  --------

Loss before income tax and extraordinary item . . . . . .                 (404)                (886)   (3,492)   (4,299)

Provision for Income tax. . . . . . . . . . . . . . . . .                  -0-                  -0-       -0-         2
Net Loss before extraordinary item. . . . . . . . . . . .                 (404)                (886)   (3,492)   (4,301)
                                                           --------------------  -------------------  --------  --------

Extraordinary item - loss on settlement of debts. . . . .                 (126)                 -0-      (485)      -0-

      Net loss. . . . . . . . . . . . . . . . . . . . . .                 (530)                (886)   (3,977)   (4,301)

Other comprehensive income, net of tax:
   Unrealized loss on investments . . . . . . . . . . . .                  -0-                  -0-       -0-       (67)
   Plus: reclassification adjustment for losses included
        in net income . . . . . . . . . . . . . . . . . .                  -0-                  -0-       -0-       382
       Other comprehensive income . . . . . . . . . . . .                  -0-                  -0-       -0-       315
                                                           --------------------  -------------------  --------  --------
    Comprehensive loss. . . . . . . . . . . . . . . . . .  $              (530)  $             (886)  $(3,977)  $(3,986)

Basic and diluted net loss per share. . . . . . . . . . .                (0.07)               (0.33)    (0.69)    (2.12)
                                                           ====================  ===================  ========  ========

Basic and diluted weighted average number
       of common stock outstanding. . . . . . . . . . . .               7,607,               2,698,     5,744     2,033
                                                           ====================  ===================  ========  ========
</TABLE>

The  basic  and  diluted  net  income  (loss)  per  share  has  been restated to
retroactively  effect  a  reverse  stock  split  of  50:1.

See accompanying notes to condensed consolidated financial statements

<PAGE>

                              GREENLAND CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                FOR THE PERIODS ENDED SEPTEMBER 30, 2002 AND 2001

<TABLE>
<CAPTION>



<S>                                                                                       <C>       <C>
(in thousands) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     2002      2001
                                                                                          --------  --------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $(3,977)  $(4,301)
  Adjustments to reconcile net loss to net cash used in
     operating activities:
        Depreciation and amortization. . . . . . . . . . . . . . . . . . . . . . . . . .      367       587
        Allowance for doubtful accounts. . . . . . . . . . . . . . . . . . . . . . . . .      258       100
        Issuance of Warrant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        -       138
       Options issued for services . . . . . . . . . . . . . . . . . . . . . . . . . . .        -       195
       Loss (gain) on the sale of assets & disposal of investments . . . . . . . . . . .     (147)      519
       Impairment of goodwill. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    1,565         -
       Net loss on settlement of debt. . . . . . . . . . . . . . . . . . . . . . . . . .      485         -
       Stock issued for services . . . . . . . . . . . . . . . . . . . . . . . . . . . .      657     1,313
       Stock issued for salaries & reimbursement . . . . . . . . . . . . . . . . . . . .      196         -
       (Increase) / decrease in current assets:
          Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       11      (116)
          Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        -        34
          Prepaid Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       25         -
          Other asset. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        4       (50)
       Increase / (decrease) in current liabilities:
          Account payable and accrued expense. . . . . . . . . . . . . . . . . . . . . .      497       420
                                                                                          --------  --------
             Total Adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    3,918     3,140
                                                                                          --------  --------
   Net cash used in operating activities . . . . . . . . . . . . . . . . . . . . . . . .      (59)   (1,161)

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of software and equipment. . . . . . . . . . . . . . . . . . . . . . . . . .        -       (60)
   Proceeds from sale of investments . . . . . . . . . . . . . . . . . . . . . . . . . .        -       164
                                                                                          --------  --------
   Net cash provided by in investing activities. . . . . . . . . . . . . . . . . . . . .        -       104

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from the exercise of warrants & options . . . . . . . . . . . . . . . . . . .        -       874
  Principal payments on capital leases . . . . . . . . . . . . . . . . . . . . . . . . .     (104)      (85)
  Principal payments on line of credit . . . . . . . . . . . . . . . . . . . . . . . . .      (39)      (10)
  Proceeds from note payable-related party . . . . . . . . . . . . . . . . . . . . . . .      196       235
                                                                                          --------  --------
  Net cash provided by financing activities. . . . . . . . . . . . . . . . . . . . . . .       53     1,014

NET DECREASE IN CASH & CASH EQUIVALENT . . . . . . . . . . . . . . . . . . . . . . . . .       (6)      (43)

CASH & CASH EQUIVALENT, BEGINNING BALANCE. . . . . . . . . . . . . . . . . . . . . . . .        7        75
                                                                                          --------  --------

CASH & CASH EQUIVALENT, ENDING BALANCE . . . . . . . . . . . . . . . . . . . . . . . . .  $     1   $    32
                                                                                          ========  ========

SUPPLEMENTAL INFORMATION:
  Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $    19   $    31
                                                                                          ========  ========
  Cash paid for income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     -   $     -
                                                                                          ========  ========

The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>

<PAGE>
                              GREENLAND CORPORATION
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE  1.       BASIS  OF  PRESENTATION

The  accompanying  unaudited condensed consolidated interim financial statements
have  been  prepared  in  accordance  with  the  rules  and  regulations  of the
Securities  and  Exchange  Commission  for the presentation of interim financial
information,  but  do  not include all the information and footnotes required by
generally  accepted accounting principles for complete financial statements. The
audited  consolidated  financial statements for the two years ended December 31,
2001 was filed on April 18, 2002 with the Securities and Exchange Commission and
is  hereby referenced.  In the opinion of management, all adjustments considered
necessary  for a fair presentation have been included. Operating results for the
nine  months  period  ended September 30, 2002 are not necessarily indicative of
the  results  that  may  be  expected  for  the  year  ended  December 31, 2002.

NOTE  2.       GOING  CONCERN  UNCERTAINTY

As  shown in the accompanying consolidated financial statements, the Company has
suffered  recurring losses from operations, has a net working capital deficiency
of  approximately $2.6 million and an accumulated deficit of $30.5 million as of
September  30, 2002.  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. The Company continues to meet its obligations and
pursue  additional capitalization opportunities. There is no assurance, however,
that  the  Company will be successful in meeting its goals and objectives in the
future.

In view of the matters described in the preceding paragraph, recoverability of a
major  portion  of  the recorded asset amounts shown in the accompanying balance
sheet  is  dependent  upon continued operations of the Company, which in turn is
dependent  upon  the  Company's  ability  to  raise  additional  capital, obtain
financing  and to succeed in its future operations.  The financial statements do
not include any adjustments relating to the recoverability and classification of
recorded  asset  amounts or amounts and classification of liabilities that might
be  necessary  should  the  Company  be  unable  to continue as a going concern.

On March 28, 2001, the Company announced that it had entered an agreement with a
NASD  approved  Underwriter,  referred  to  in  Company  communications  as  an
"institutional  private  equity investor," under which the Underwriter agreed to
purchase  shares  of  the  Company's  common  stock  over  the next three years.
Generally,  under  the  terms  of  the  agreement, the Underwriter has agreed to
purchase  such  amounts  of  common  stock  as  the  Company  elects to sell the
Underwriter.  The  purchase  price for the shares is generally the lesser of (1)
the  market  price  less  $0.075  per  share or (2) 93% of the market price. The
agreement  limits  the amount of common shares that the Underwriter is obligated
to  purchase  during  any  61-day  period  to  9.9%  of  the total common shares
outstanding  and is subject to an overall cap of $35 million over the three-year
term  of  the  agreement.  The  Underwriter's  obligation  to  purchase  shares
terminates  upon the occurrence of various events as specified in the agreement.
The actual amount of common stock that the Underwriter may purchase is dependant
on,  among  other  things,  (1)  the market price of the Company's stock and (2)
whether  a  termination  event  occurs.  The  agreement  must  be registered and
declared  effective  by the Securities and Exchange Commission. In consideration
for  executing  the agreement, the Underwriter will receive warrants to purchase
5,390,000  shares  of  Common  stock. There can be no assurance that the Company
will  sell  any  stock  to  the  Underwriter  under  the terms of the agreement.

NOTE  3.       RECENT  PRONOUNCEMENTS

In June 2001, the Financial Accounting Standards Board ("FASB") issued Statement
of  Financial  Accounting  Standards  ("SFAS")  No.  143,  "Accounting for Asset
Retirement  Obligations".  SFAS 143 addresses financial accounting and reporting
for obligations associated with the retirement of tangible long-lived assets and
the associated asset retirement costs. This Statement is effective for financial
statements  issued  for  fiscal  years  beginning  after  June  15,  2002.

SFAS  No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets,"
was  issued in August 2001. SFAS No. 144 is effective for fiscal years beginning
after  December  15,  2001, and addresses financial accounting and reporting for
the  impairment or disposal of long-lived assets. This statement supersedes SFAS
No.  121  "Accounting for the Impairment of Long-Lived Assets and for Long-Lived
Assets  to  Be  Disposed Of," and the accounting and reporting provisions of APB
Opinion  No. 30, "Reporting the Results of Operations - Reporting the Effects of
Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently
Occurring Events and Transactions," for the disposal of a segment of a business.

The  adoption  of  above  pronouncements  did  materially  impact  the Company's
financial  position  or  results  of  operations  (NOTE  8).

In May 2002, the Board issued SFAS No. 145, Rescission of FASB Statements No. 4,
44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections ("SFAS
145").  SFAS  145  rescinds  the  automatic  treatment  of  gains or losses from
extinguishments  of  debt  as  extraordinary  unless  they meet the criteria for
extraordinary  items as outlined in APB Opinion No. 30, Reporting the Results of
Operations,  Reporting  the  Effects of Disposal of a Segment of a Business, and
Extraordinary,  Unusual and Infrequently Occurring Events and Transactions. SFAS
145 also requires sale-leaseback accounting for certain lease modifications that
have  economic effects that are similar to sale-leaseback transactions and makes
various technical corrections to existing pronouncements. The provisions of SFAS
145 related to the rescission of FASB Statement 4 are effective for fiscal years
beginning  after  May  15,  2002,  with  early  adoption  encouraged.  All other
provisions  of  SFAS  145 are effective for transactions occurring after May 15,
2002,  with  early  adoption  encouraged.  The  Company does not anticipate that
adoption  of  SFAS  145 will have a material effect on our earnings or financial
position.

In  June  2002,  the  FASB issued SFAS No. 146 " Accounting for Costs Associated
with exit or Disposal Activities." This Statement addresses financial accounting
and  reporting  for  costs  associated  with  exit  or  disposal  activities and
nullifies  Emerging  Issues  Task  Force  (EITF)  Issue  No.  94-3,  "Liability
Recognition for Certain Employee Termination Benefits and Other Costs to Exit an
Activity  (including Certain Costs Incurred in a Restructuring)." This Statement
requires  that  a  liability  for  a  cost  associated  with an exit or disposal
activity  be  recognized  when  the  liability  is  incurred. Under Issue 94-3 a
liability for an exit cost as defined, was recognized at the date of an entity's
commitment  to  an  exit plan. This statement will not have a material impact on
the  Company's  financial  statements.

NOTE  4.       INVENTORIES

Inventories  at  September  30,  2002  were  as  follows:

<TABLE>
<CAPTION>



<S>                              <C>
                                  (In thousands)

Raw materials . . . . . . . . .  $          293
Work-in-progress. . . . . . . .             -0-
Finished goods. . . . . . . . .             -0-
                                 ---------------
                                            293
Less allowance for obsolescence            (147)
                                 ---------------

                                 $          146
                                 ===============
</TABLE>


Inventories  are  stated  at  lower of cost, first-in first-out basis or market.
Provision  for  potentially  obsolete  or slow moving inventory is made based on
management's  analysis  of  inventory  levels.

NOTE  5.       ACCOUNTS  RECEIVABLE

The  Company  entered  into  an agreement with CardPlus International, Inc., the
nations  only  certified minority electronic payments processor. Pursuant to the
agreement,  CardPlus  purchased  six  MAXcash  ABM's  and licensed the Company's
intellectual property to establish an electronic transaction and data processing
center.  This  transaction  was  the  first purchase under the Company's ongoing
strategy  to aggressively pursue sales of the MAXcash ABM to customers that have
their  own  processing capabilities. In addition, this transaction was the first
in the Company's strategy to license its intellectual property.  The Company has
fully  reserved  against  the  receivable  given  the probability of collection.

NOTE  6.       PROPERTY  AND  EQUIPMENT

Net  property  and  equipment  at  September  30,  2002  was  as  follows:

<TABLE>
<CAPTION>

<S>                                                                                                     <C>
                                                                                        (In thousands)

Computers and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $     144
Furniture & equipment under capital leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        537
Demonstration equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        127
Furniture and fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         62
Leasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        -0-
                                                                                                        ----------
                                                                                                              870

Accumulated depreciation & amortization
   (Including accumulated amortization of
   $204,249 on leased assets). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       (448)
                                                                                                        ----------

                                                                                                        $     422
                                                                                                        ==========
</TABLE>

Depreciation  expenses,  including amortization of capital lease assets, for the
nine  months  ended  September  30,  2002  and 2001 were  $114 thousand and $207
thousand,  respectively.

NOTE  7.       INVESTMENT  &  ACQUISITION

On  September  28,  2001  the  Company purchased 100,000 shares of common stock,
representing  five percent of the issued and outstanding shares of common stock,
of   ZZYZX Peripherals, Inc (the "ZZYZX Shares"). The Company acquired the ZZYZX
Shares for 60 shares of Class A Convertible Preferred shares of the Company (the
"Company  Shares").  The investment was carried at a cost of $600,000 determined
by  fair  value of the Class A Convertible Preferred Stock issued and exchanged.

On  December 31,2001, the Company determined the fair value of the investment at
$450,000  based  upon  market  value  of  the investment. The Company charged to
earnings $150,000 in 2001, as other than temporary impairment of the investment.
On  June  10,  2002,  this  purchase  agreement  was  rescinded and both parties
returned  the  shares  received  upon  purchase.  The  Company reversed $150,000
charged  in  2001  as  a gain on disposal of investment in the nine month period
ended  September  30,  2002.

NOTE  8.       INTANGIBLE  ASSETS

Intangible  assets  at  September  30,  2002  consisted  of  the  following:

<TABLE>
<CAPTION>



<S>                                 <C>
                                     (In thousands)

Capitalized software costs . . . .  $        1,013
Licenses . . . . . . . . . . . . .             675
Excess of purchase price over fair
value of net assets acquired . . .               -
                                    ---------------
                                             1,688

Less accumulated amortization. . .            (955)
                                    ---------------

                                    $          733
                                    ===============
</TABLE>

During  1998,  as part of the purchase of the net assets of Check Central, Inc.,
the  Company  acquired  licenses  to  use certain software in the development of
check  cashing  machines. The Company is amortizing these licenses over 5 years.
The  excess  of  the  purchase price over the fair value of the identifiable net
assets  acquired  was  capitalized  and  is  being  amortized  over  12  years.

The  Company  reviews  its  intangibles  for  impairment  whenever  events  and
circumstances  indicate  that  the  carrying  amount  of  an  asset  may  not be
recoverable.  Management  evaluates  assets  for  impairment  by  comparing
undiscounted  future  cash  flows  to  the  carrying  amount  of the assets.  If
impairment  exists,  the amount of impairment is measured as the amount by which
the  carrying  amount  of  the  asset  exceed  it's  fair  value.

NOTE  9.       ACCRUED  EXPENSES

Accrued  expenses  at  September  30,  2002  are  as  follows:

<TABLE>
<CAPTION>



<S>                                   <C>
                                       (in thousands)

Accrued monthly expenses . . . . . .  $           478
Accrued payroll liabilities. . . . .              649
Accrued interest . . . . . . . . . .               89
Accrued warranty expense . . . . . .                5
Customer deposits. . . . . . . . . .                3
Customer prepaid communication costs               27
                                      ---------------
                                      $         1,251
                                      ===============
</TABLE>

NOTE  10.       NOTES  PAYABLE  TO  RELATED  PARTIES

Notes  payable  to  related  parties  at  September  30,  2002  were as follows:

<TABLE>
<CAPTION>



<S>                                                                  <C>
                                                                      (in thousands)

Note payable to a stockholder and officer of the Company.
Unsecured, and interest at 8%.  Principal due February 2002.. . . .  $             2

Note payable to a stockholder and employee of the Company.
Unsecured, and interest at 8%.  Principal due at various dates
through September 2003. . . . . . . . . . . . . . . . . . . . . . .              151

Notes payable to a stockholder and officer of the Company. Interest
at 8%.  Principal due at various dates through April 2003.. . . . .               45
                                                                     ---------------

                                                                     $           198
                                                                     ===============
</TABLE>

NOTE  11.       NOTES  PAYABLE

Notes  payable  at  September  30,  2002  were  as  follows:

<TABLE>
<CAPTION>



<S>                                                                        <C>
                                                                            (in thousands)

Note payable to an unrelated party, with interest at 10%.  Due through
the payment of commissions earned through March 9, 2001.. . . . . . . . .  $           320

Revolving Line-of-credit agreement with a commercial bank, which
allows for advances up to a maximum of $150 thousand.  The line
expires on July 17, 2003. Interest at the bank's reference rate plus 2.0%
but not less than 8.5%. The line will be secured by company assets and
personally guaranteed by a director and stockholder of the Company. . . .               79
                                                                           ---------------

                                                                           $           399
                                                                           ===============
</TABLE>

NOTE  12.       STOCKHOLDERS'  EQUITY

CONVERTIBLE  PREFERRED  STOCK

The  Company  is  authorized  to  issue  10,000  shares  of  Class A convertible
preferred  stock  with  a face value of ten thousand Dollars ($10,000) and a par
value  of  $.001  per  share.

The  Company  is  authorized  to  issue  10,000  shares  of  Class B convertible
preferred  stock  with a face value and with a par value to be determined at the
discretion  of  the  Board  of  directors.

The Company has no convertible preferred stock outstanding through September 30,
2002.

COMMON  STOCK  ISSUED  IN  EXCHANGE  FOR  SERVICES

The  Company  issued  200 million and 25 million shares of its pre-reverse split
common stock for services for the nine months ended September 30, 2002 and 2001,
respectively.  The  Company  has  recognized  expenses  for such services in the
amount  of  $657  thousand  and  $1.3  million  in  2002 and 2001, respectively.

The  Company  issued  82  million  shares  of pre-reverse split common stock for
salaries  totaling  $196  thousand  in  the  period  ended  September  30, 2002.

The  Company  issued  8  million and 1.8 million shares of its pre-reverse split
common  stock  for  repayment  of  notes  payable to related parties totaling $8
thousand  and  $108  thousand  for  the nine months ended September 30, 2002 and
2001,  respectively.

During  the  period  ended  September  30,  2001,  the  Company issued shares in
exchange  for  a  note  receivable  in  the amount of $250 thousand and acquired
assets in the amount of $20 thousand by issuing stock.   Also, during the period
ended  September 30, 2001, the Company issued non-qualified options and warrants
to employees and directors to purchase 34 million shares with a weighted average
strike  price of $.003 and recorded a $195 thousand expense.  The Company issued
5.4  million  warrants  to an equity investor and recorded a $138 thousand other
expense  in  the  period  ended  September  30,  2001.

NOTE  13.    BASIC  AND  DILUTED  NET  LOSS  PER  SHARE
Basic  and diluted net loss per share for the three and nine month periods ended
September 30, 2002 and 2001 were determined by dividing net loss for the periods
by the weighted average number of both basic and diluted shares of common stock.
The  basic  and  diluted  net  income  (loss)  per  share  has  been restated to
retroactively  effect a reverse stock split of 50:1. The weighted average number
of shares used to compute basic and diluted loss per share is the same since the
effect  of  dilutive  securities  is  anti-dilutive.

NOTE  14.       SUPPLEMENTAL  DISCLOSURE  OF  CASH  FLOWS

The  Company  prepares its statements of cash flows using the indirect method as
defined  under  the  Financial  Accounting  Standard  No.  95.

The  cash  flow  statements  do  not  include  following  non-cash investing and
financing  activities:

The  Company  paid  for services in the amount of $657 thousand and $1.3 million
for  the nine months ended September 30, 2002 and 2001, respectively, by issuing
its  common  stock.

The  Company paid for salary in the amount of $196 thousands for the nine months
ended  September  30,  2002  by  issuing  common  stock.

The  Company  repaid  notes  payable  to related parties of $8 thousand and $108
thousand  for  the  nine months ended September 30, 2002 and 2001 by issuance of
stock.

The  Company issued non-qualified options to employees and directors to purchase
34  million  shares and recorded $195 thousand expense for the nine months ended
September  30,  2001.

The  Company issued 5.4 million warrants to an equity investor and recorded $138
thousand  as  other  expense  for  the  nine  month  ended  September  30, 2001.

NOTE  15.       SEGMENTS  AND  MAJOR  CUSTOMERS

The  Company  has  two  reportable  segments  consisting  of  (1)  the  sale and
distribution  of  automatic  check cashing machines and (2) customer service and
fee  income earned through check cashing transaction processing.  The accounting
policies  of  the  segments  are  the  same as those described in the summary of
significant  accounting  policies.  The  Company  evaluates performance based on
sales,  gross  profit  margins  and  operating  profit  before  income  taxes.

The  following is information for the Company's reportable segments for the nine
month  ended  September  30,  2002  (in  thousands):

<TABLE>
<CAPTION>



<S>                                     <C>             <C>                   <C>            <C>
                                        Sales Segment   Processing Segment    Unallocated    Total
                                        --------------  --------------------  -------------  --------

Revenue. . . . . . . . . . . . . . . .  $          -0-  $               -0-   $        -0-   $   -0-
Gross margin . . . . . . . . . . . . .             -0-                 (304)           -0-      (304)
Depreciation and amortization. . . . .             -0-                  304             63       367
Interest expense . . . . . . . . . . .             -0-                  -0-             95        95
Other, net . . . . . . . . . . . . . .             -0-                  -0-         (3,093)   (3,093)
Loss from continuing operations before
   income taxes. . . . . . . . . . . .             -0-                 (304)        (3,188)   (3,492)

Identifiable assets. . . . . . . . . .             146                  733            467     1,346
Capital expenditures . . . . . . . . .             -0-                  -0-            -0-       -0-
</TABLE>

The  following is information for the Company's reportable segments for the nine
month  ended  September  30,  2001(in  thousands):

<TABLE>
<CAPTION>



<S>                              <C>              <C>                   <C>            <C>
                                 Sales Segment    Processing Segment    Unallocated    Total
                                 ---------------  --------------------  -------------  --------

Revenue . . . . . . . . . . . .  $          173   $                16   $        -0-   $   189
Gross margin. . . . . . . . . .              (2)                 (459)           -0-      (461)
Depreciation and amortization .              10                   308            269       587
Interest expense. . . . . . . .             -0-                   -0-             85        85
Other, net. . . . . . . . . . .             -0-                   -0-         (3,753)   (3,753)
Loss from continuing operations
   before income taxes. . . . .              (2)                 (459)        (3,838)   (4,299)

Identifiable assets . . . . . .             285                 2,679          1,356     4,320
Capital expenditures. . . . . .             -0-                   -0-             60        60
</TABLE>

The  above negative gross margins include 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 automated
banking  machines.

NOTE  16.       LEGAL  PROCEEDINGS

The  Company,  along  with Seren Systems ("Seren"), its then current and primary
software developer and supplier for its own ABM terminals, was in the process of
completing  development  of  the  check  cashing service interface to the Mosaic
Software  host  system  being  implemented  to  support a large network of V.com
terminals.  In September 2000, Seren unilaterally halted testing and effectively
shut  down  any  further  check  cashing  development for the V.com project. The
parties participating in this project may have been financially damaged, related
to  the  delay in performance by the Company and Seren. Although the Company and
Seren  resolved  the  dispute  between  each  other  and entered into settlement
agreement,  none  of  the  parties  have brought suit against the Company and/or
Seren  at  this time. There is no assurance, however, that such suit(s) will not
be  brought  in  the  future.

On May 23, 2001 the Company filed a Complaint in San Diego County naming Michael
Armani  as  the  defendant.  The Complaint alleges breach of contract by Michael
Armani  in  connection with two separate stock purchase agreements.  The Company
seeks  damages in the amount of $474,595.  On August 7, 2001 the Company filed a
request  for  Entry  of Default against Mr. Armani in the amount of $474,595 and
the  court  granted entry of default.  Subsequently Mr. Armani filed a motion to
set  aside  the  entry of default and on October 26, 2001 the court granted said
motion  and  the  entry  of  default  was set aside.  The Company and Mr. Armani
participated  in  mediation  and as a result entered into a settlement agreement
whereby  Mr.  Armani agreed to make certain cash payments to the Company and the
parties  entered into mutual release of all claims.  Mr. Armani defaulted in his
obligation to make the first cash payment and consequently, the Company obtained
a  judgment  against  Mr.  Armani  for  $100,000.  The Company is continuing its
efforts  to  collect  on  the  judgment.

On  May  23, 2001 Arthur Kazarian, Trustee for the General Wood Investment Trust
(the  "Landlord")  filed  a  Complaint  in  San  Diego  County  naming Greenland
Corporation  as  a defendant.  The Complaint alleges breach of contract pursuant
to the terms of the lease agreement between the Company and the Landlord for the
real  property  located  at  1935  Avenida  Del  Oro,  Oceanside, California and
previously  occupied  by the Company.  The Complaint seeks damages in the amount
of approximately $500,000.  Although the Company remains liable for the payments
remaining  for  the  term of the lease, the Landlord has a duty to mitigate said
damages.  The  Company  recorded  a lease termination liability of $275 thousand
during  the year ended December 31, 2001.  The Company entered into a settlement
agreement  with  Arthur  Kazarian, Trustee for the General Wood Investment Trust
(the  "Landlord")  where
by the Company agreed to pay the sum of $220,000 to the Landlord in installments
payments  of  $20,000  in  May  2002,  $50,000 in October 2002 and the remaining
balance  in  December  2002.  In  the  event  Greenland  defaults  in any or all
scheduled  payments,  the  Landlord  is  entitled  to  a  stipulated judgment of
approximately  $275,000.  The  Company was unable to make the scheduled payments
and  as  a  result,  on  July  8, 2002, the Landlord has entered a judgment lien
against  the  Company  in  the  amount  of  $279,654.

The  Company  entered  into  an agreement with Intellicorp, Inc. ("Intellicorp")
whereby  Intellicorp  agreed  to  invest $3,000,000 in exchange for seats on the
board  of  directors and restricted shares of common stock of the Company. After
making  the  initial  payment of $500,000, Intellicorp defaulted on the balance.
The  Company  is  seeking  a  recovery  of the unpaid $2,500,000. The case is in
discovery  stage  and  a,  February  2003, trial date has been set by the court.
The  defendant's  ability  to  pay is unknown. The Company had issued 46,153,848
shares  of common stock for the investment. The shares were returned back to the
Company  and  were  cancelled.

On  July  5, 2001 Max Farrow, a formal officer of the Company, filed a Complaint
in  San  Diego  County  naming  Greenland  Corporation,  Thomas  J.  Beener,
Intelli-Group,  Inc.,  Intelli-Group  LLC  and Intelli-Corp, Inc. as defendants.
The  Complaint  alleges  breach  of  contract  in  connection  with Mr. Farrow's
resignation  as  an  officer  and  director  of the Company in January 2001. The
Company  and  Mr.  Thomas  Beener,  entered into a settlement agreement with Max
Farrow  whereby  Mr.  Farrow  agreed  to  release  Mr.  Beener  from all claims,
obligations etc., in exchange for the issuance of 8 million restricted shares of
Greenland  Corporation  common  stock. The good faith settlement was approved by
the  court  and  the  agreed upon consideration was delivered to Mr. Farrow. The
action against the Company is in the discovery process and has been consolidated
with  the Company's legal action against Intellicorp and a, February 2003, trial
date has been set by the court (see above). The Company believes that it has   a
valid  defense  to  the  allegations  of  Mr.  Farrow.

Fund Recovery, a temporary staffing services filed a complaint against Greenland
Corporation  alleging breach of contract.  A summary judgment motion is pending.
The  Company  recorded  the liability amount of $14 thousand in the consolidated
financial  statements.

The  case  of Magnum Financial against Greenland Corporation for non-payment for
services  was  settled  in  2001  with  a  judgment  against  the Company of $12
thousand.  The  Company  recorded  the  liability  in the consolidated financial
statements.

The case of San Diego Wholesale Credit against Greenland Corporation was settled
for  a  total  of $5 thousand in 2001. The Company recorded the liability in the
consolidated  financial  statements.

John  Ellis  has  filed a demand for arbitration in San Diego County against the
Company  seeking  damages  of  approximately  $70,000  for  an alleged breach of
contract  action. The Company believes it has valid defenses to the allegations.
Mr. Ellis has not pursued this matter in arbitration and the parties have agreed
to  continue  discussions.

NKS  Enterprises, Inc. commenced a legal action against the Company in San Diego
Superior  Court  in  Vista  California  seeking  damages  in connection with the
purchase and operation of a MaxCash ABM.   The case is in the discovery process.

There  are  several vendors and/or trade creditors the Company owes money to and
that  have  threatened  litigation.  The Company continues to attempt to resolve
these  matters but due to the lack of cash and foreseeable income the Company is
not optimistic that arrangements can be made. These potential actions may, alone
or  together,  have  a  material  adverse  impact  on  the Company' s ability to
operate.

NOTE  17.       SUBSEQUENT  EVENTS

On  August  9,  2002,  the  Company signed an agreement to sell 60% of its total
issued  and outstanding shares of common stock on closing subject to approval by
the Company's shareholders and after completion of a reverse split of its common
stock  at  a  ratio  of  1:50,  to Imaging Technologies Corporation (ITEC).  The
purchase  price of $2,250,000 for the initial shares will be paid in the form of
a  promissory  note  receivable, due two years from closing and convertible into
ITEC common stock at the average closing prices for ten trading days immediately
preceding  the date of conversion.   Additionally, ITEC will receive warrants at
an  exercise  price of $.0008 per share, that are exercisable in stages when PEO
contracts  reach specified levels.   In the event PEO contracts reach a level of
$48 million annually, all warrants will have vested and can be exercised into an
additional  cumulative  30%  ownership  of  the issued and outstanding shares of
Greenland.  Under the agreement, the closing shall be subject to approval of the
transaction  by  the  Board  of  directors  of  both  companies,  approval  of
shareholders  of  the  Company  and  due  diligence  review  by  ITEC.

On  October  15,  2002 a Special Meeting of Shareholders approved two proposals;
(i)  the 50-1 reverse stock split and  (ii) the acquisition by ITEC of Greenland
stock  and  issuance  of  warrants.

The  Board of Directors of Greenland and ITEC have scheduled the consummation of
the  transaction  for  November  16,  2002,  subject  to  completion  of certain
regulatory  filings.  Imaging  Technologies  Corporation  was  founded  in 1982.
Headquartered  in  San  Diego,  California, the Company produces and distributes
imaging  products  for  diverse  market  segments;  and  provides  a  variety of
professional  services  related  to  human  resources  to  businesses.

On  October  28,  2002  the  50-1 Reverse Stock Split was made effective and the
Company's  stock  commenced  trading  under  the  symbol  GRLC  on  the  OTC:BB.

In  September  2002,  the  Company  moved into a new office space.   The Company
shares  this  office  space  with  ITEC.

ITEM  2  -   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

This  Quarterly Report contains forward-looking statements that 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 September 30, 2002, and should be read in conjunction with the
Company's  financial  statements  and  notes  thereto,  and  other  financial
information  included  elsewhere  in  this  report.

The  Company  has  developed  proprietary  software that is capable of providing
support  for  delivery  to  consumers  of  a range of on-line financial services
including  check  cashing, ATM, money orders and phone card dispensing services.
The  Company  has  developed,  manufactured and has delivered limited numbers of
freestanding  kiosks,  under the trademarked brand name MAXcash ABM. The unit is
similar  in  appearance  to  an  ATM  machine.  The  Company  acquired  its base
technology  in  May  1998,  when  Check  Central was incorporated into Greenland
Corporation  as  a  wholly-owned  subsidiary.

The  Company  has  invested, and continues to invest capital, time and effort in
the  development  and  evolution  of  its  back-office,  risk  management  and
transaction  support  software  systems.  Management,  as  a result of the Seren
litigation  and the default by Intellicorp, determined that its original plan to
develop, produce, and successfully market and support its MAXcash ABM system was
beyond  the  scope of its available resources. However, management also believes
that  it  has  created  a  convenient  and  cost effective system for check cash
transaction processing and the reporting of activity and earnings generated from
its  check  cashing ABMs through secure networks. Accordingly, the Company hopes
to  expand  its  scope from distribution, and support of its proprietary MAXcash
ABM to also providing support for the ABM-like terminals of other manufacturers.
Furthermore,  the  Company  believes  that  it  can  be  successful in providing
back-office  and  on-line  transaction  support  to  other  hardware vendors and
retailers  through  a  network  and software system of its own design, the Check
Central  Solutions.

The Company's strategy for marketing and sales of the MAXcash ABM, during fiscal
2001,  was  directed  at locating distributors of ATM machines and entering into
distribution  agreements.  Although  the  Company  signed  a  number  of  such
agreements,  significant  unit sales did not materialize, however, primarily due
to  the  Seren  dispute.  The Company will continue to seek distributors for the
MAXcash  ABM  and  feels  confident  that  with  the  resolution  of  the  Seren
litigation,  the  willingness  of  distributors  to  handle the MAXcash ABM will
increase.

The  Company's  strategy has been oriented around two revenue streams. The first
was  the  sale of the MAXcash ABM. The second revenue stream was to be generated
from the fees earned in connection with the various banking services provided on
each  of  the  machines  in  operation.  However,  without sufficient numbers of
machines  in  the field, this revenue stream did not produce material results in
fiscal  2001.

Management's  goal  is  to  build a solid foundation that will provide operating
revenue  and opportunity for profitability. This goal will be achieved through a
business  strategy  of  continued  sales  of  the  MAXcash  ABM,  licensing  of
intellectual  property, acquisitions of check cashing stores and acquisitions of
complimentary  companies.

During  the  first quarter of 2002, the Company took the first step in acquiring
companies  that  are  complimentary  to  the  Greenland's  operations,  with the
acquisition  of W3M, Inc., the parent of Paradigm Cabling Systems - ("Paradigm")
market  niche  specialist in data communications and network project management.

     In  January 31, 2002, the Company entered into the stock purchase agreement
("Agreement")  to  purchase all of the issued and outstanding shares of Paradigm
for  a  purchase  price  of  $2,916,667,  payable  pursuant  to the terms of the
Agreement  dated  January  31, 2002, a Secured Promissory Note dated February 1,
2002,  and  a  Pledge  Agreement,  dated February 1, 2002.   The promissory note
bears an interest rate of 7% per annum, is payable in installments of $1,000,000
by  June  30,  2003  and  $1,916,667  by June 30, 2004.   The promissory note is
secured  by  pledge of Paradigm's stock.   The Company contemplated commencing a
private  placement  equity  offering  on  or  about  June  30,  2002.

     Subsequent to the consummation of the transaction and in preparation of the
consolidation of financial reporting of the Company and Paradigm's operations it
was determined that the required two years of audited financial statements would
consume more time and expense than originally anticipated.   Therefore, although
the  Agreement  is  executed  and  fully  binding, on April 30, 2002 the parties
amended  the Agreement to reflect that the originally scheduled Closing Date and
consolidation  of  operations  will  be modified and rescinded and will not take
place  until  such  time  as  the  two  years of audited financial statements of
Paradigm  are  completed.   At the time of said amendment management anticipated
that  such  consolidation  will  take  place  for the Form 10-QSB for the second
quarter  of  2002.

     In June 2002 the Company engaged in conversations with Paradigms President,
Mike  Cummings,  and  was  informed  that  Paradigm  was  experiencing financial
difficulties  and  as  a result of the Company's ownership and control, Paradigm
was  unable  to  obtain  needed  financing  and faced the prospect of losing key
customers.  In  addition, due to the Company's extremely low stock price and its
lack  of  cash  and operating revenues, it appeared unlikely it would be able to
meet  its  financial  commitments  to  Paradigm.    Accordingly, the Company and
Paradigm agreed to rescind the stock purchase and release the other from any and
all  claims  and  liabilities.

In  June  2002,  the Company agreed to rescind the purchase of 100,000 shares of
ZZYZX  Peripherals, Inc ("ZZYZX").   The Company and ZZYZX both agreed it was in
the  best  interest  of  both companies to rescind the transaction.  This action
relieved  the  Company from its obligation to register the Convertible Preferred
Shares  given  as  consideration  to the ZZYZX shareholders and allowed ZZYZX to
explore certain business and/or acquisition opportunities.  Registration of said
Convertible  Preferred  Shares  would  have  enabled  the  ZZYZX shareholders to
convert said shares into $600,000 of shares of the Company's common stock and at
current  prices  said  conversion  was  impracticable.

Management  is  exploring  the  purchase  of  check  cashing stores, purchase of
certain  complimentary  companies,  expansion  of  its  licensing  program  and
developing an in-house processing center. However, managements efforts have been
greatly  restricted  by  the  Company's  lack  of  cash, lack of revenue stream,
extremely  low  stock  price  and  over  all  market  conditions.  In  addition,
management  has  continued  to  explore  licensing  opportunities  for its check
cashing  technology.  Also  the  Company  is  engaged  in discussions with other
companies  that  may  offer services and/or technology in areas unrelated to the
Companies check cashing that would provide a revenue stream and source of income
to  the  Company.

On  August  9,  2002,  the  Company signed an agreement to sell 60% of its total
issued  and outstanding shares of common stock on closing subject to approval by
the Company's shareholders and after completion of a reverse split of its common
stock  at  a  ratio  of  1:50,  to Imaging Technologies Corporation (ITEC).  The
purchase  price of $2,250,000 for the initial shares will be paid in the form of
a  promissory  note  receivable, due two years from closing and convertible into
ITEC common stock at the average closing prices for ten trading days immediately
preceding the date of conversion. Additionally, ITEC will receive warrants at an
exercise  price  of  $.0008  per  share, that are exercisable in stages when PEO
contracts  reach specified levels.   In the event PEO contracts reach a level of
$48 million annually, all warrants will have vested and can be exercised into an
additional  cumulative  30%  ownership  of  the issued and outstanding shares of
Greenland.  Under the agreement, the closing shall be subject to approval of the
transaction  by  the  Board  of  directors  of  both  companies,  approval  of
shareholders  of  the  Company  and due diligence review by ITEC (see Subsequent
Events).  Management  believes  that  the PEO business will provide a solid cash
foundation that will enable the Company to continue its operations and pursue it
check  cashing  business.

RESULTS  OF  OPERATIONS

REVENUE

              The  Company  reported  total revenues of $0 from its two segments
for  the  nine  months  ended  September  30,  2002 compared to revenues of $189
thousand  for  the  nine  month  ended September 30, 2001, which represents $189
thousand  decrease.   The  Company's sales operations for its principal product,
the Maxcash ABM, was temporarily suspended primarily due to a legal dispute with
its  software  provider  and  the  associated  financial  risks  to  the Company
represented  by  the  dispute.

COST  OF  SALES

     The  Company  incurred  total  costs  of revenues of $304 thousand and $650
thousand  from  its two segments for the nine month ended September 30, 2002 and
2001, respectively.  Costs associated with transaction processing, were $304 and
$475  thousand  for  the  nine  month  ended  September  30,  2002  and  2001,
respectively,  resulting  in  gross margins on transaction revenue of $(304) and
$(459)  thousand,  respectively.    The  decrease  was  due  primarily  to  the
temporary  shut  down  of  the  processing  of  the  machines.  In addition, the
company's  effort  to  revitalize  sales  has  not  produce  any  to  date.

The  costs  incurred  in the sale segment were $0 and $175 thousand for the nine
month  ended  September  30,  2002  and  2001.  This  decrease  is  primarily
attributable to a decrease in direct material and overhead costs.  Manufacturing
costs  include  fixed overhead expenses.  The gross margins on machine sales for
the  nine  month  ended  September 30, 2002 and 2001 were  $0 and $(2) thousand.
Management  had  anticipated greater improvements in the gross margin on machine
sales  as  a  result  of sales volume increasing to a level sufficient to absorb
overhead  costs.   Such  increases  did  not  materialize.

OPERATING  EXPENSES

     General and administrative expenses for the nine months ended September 30,
2002 and 2001 were $1.6 million and $2.7 million, respectively. The 40% decrease
was  due  primarily  to  the  temporary  shut  down  of the manufacturing of the
machines.

Research  and Development Costs for the nine months ended September 30, 2002 and
2001, respectively of $0 and $87 thousand, respectively, this decreased reflects
the  Company's  temporary  discontinuation  of  it  support  for the Maxcash ABM
product.

OTHER  EXPENSE

     Net  other expenses of $1.5 million for the nine months ended September 30,
2002  increased 543 thousands from 2001. Expenses incurred in 2002 included $1.5
million  on  impairment  of  goodwill.

NET  LOSS

     The net loss for the nine months ended September 30, 2002 was $3.98 million
compared  to  $4.3  million  for  comparative period in 2001, a decrease of $324
thousand, or 8%.  Losses were reduced due primarily to reduced cost of good sold
and  general and administrative associated with temporary discontinuation of its
Maxcash  ABM  sales  and  support  efforts.

LIQUIDITY  AND  CAPITAL  RESOURCES

     Historically,  the  Company  has  financed  its  operations  through  cash
generated  from  the  sale of equity securities and debt financing. To date, the
Company  has not been able to support its operations from revenues through sales
of  products  or  services.

     At  September 30, 2002, the Company's had a working capital deficit of $2.6
million  compared with a working capital deficit of $1.8 million at December 31,
2001.  This  increase of $842 thousand, or 47% resulted from an increase in note
payable  to  related  party  of $109 thousand, as well as an increase in accrued
expense  $372 thousand. Stockholders' equity decreased for the nine months ended
September  30, 2002 from the previous fiscal year by $3.5 million, due primarily
to  the  $3.98  million  comprehensive  loss.

     The  Company's  officers  and directors are aware of no other threatened or
pending  litigation,  not  otherwise  discussed  in Item 1, Legal Matters, 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.

The  Company's  auditors  have  expressed  their uncertainty as to the Company's
ability  to  continue  as  a  going  concern.  They  cite  recurring losses from
operations,  the  Company's  working  capital  deficiency,  and  limited  cash
resources.

     In  order to address this uncertainty, the Company has taken steps to raise
additional  funds  to finance its operations, including the potential for making
strategic  acquisitions,  which  could  better  position the Company for growth.

On  April  2, 2001, the Company announced that it was temporarily suspending its
check  cashing  operations  in  order to minimize its check cashing risk, reduce
operating  losses,  and  to  conserve  capital.

PART  II  -  OTHER  INFORMATION

ITEM  1  -  LEGAL  MATTERS

     The  Company,  along  with  Seren  Systems  ("Seren"), its then current and
primary  software  developer  and supplier for its own ABM terminals, was in the
process  of completing development of the check cashing service interface to the
Mosaic  Software  host  system  being  implemented to support a large network of
V.com  terminals.  In  September  2000,  Seren  unilaterally  halted testing and
effectively  shut  down  any  further  check  cashing  development for the V.com
project.  The  parties  participating  in this project may have been financially
damaged,  related to the delay in performance by the Company and Seren. Although
the  Company  and Seren resolved the dispute between each other and entered into
settlement  agreement, none of the parties have brought suit against the Company
and/or  Seren  at  this  time. There is no assurance, however, that such suit(s)
will  not  be  brought  in  the  future.

On May 23, 2001 the Company filed a Complaint in San Diego County naming Michael
Armani  as  the  defendant.  The Complaint alleges breach of contract by Michael
Armani  in  connection with two separate stock purchase agreements.  The Company
seeks  damages in the amount of $474,595.  On August 7, 2001 the Company filed a
request  for  Entry  of Default against Mr. Armani in the amount of $474,595 and
the  court  granted entry of default.  Subsequently Mr. Armani filed a motion to
set  aside  the  entry of default and on October 26, 2001 the court granted said
motion  and  the  entry  of  default  was  set aside. The Company and Mr. Armani
participated  in  mediation  and as a result entered into a settlement agreement
whereby  the  Mr. Armani agreed to make certain cash payments to the Company and
the  parties entered into mutual release of all claims.  Mr. Armani defaulted in
his  obligation  to  make  the  first cash payment and consequently, the Company
obtained  a  judgment against Mr. Armani for $100,000. The Company is continuing
its  efforts  to  collect  on  the  judgment.

On  May  23, 2001 Arthur Kazarian, Trustee for the General Wood Investment Trust
(the  "Landlord")  filed  a  Complaint  in  San  Diego  County  naming Greenland
Corporation  as  a defendant.  The Complaint alleges breach of contract pursuant
to the terms of the lease agreement between the Company and the Landlord for the
real  property  located  at  1935  Avenida  Del  Oro,  Oceanside, California and
previously  occupied  by the Company.  The Complaint seeks damages in the amount
of approximately $500,000.  Although the Company remains liable for the payments
remaining  for  the  term of the lease, the Landlord has a duty to mitigate said
damages.  The  Company  recorded  a lease termination liability of $275 thousand
during  the year ended December 31, 2001.  The Company entered into a settlement
agreement  with  Landlord where by the Company agreed to pay the sum of $220,000
to  the  Landlord  in  installments payments of $20,000 in May 2002,  $50,000 in
October 2002 and one payment in December 2002.   In the event Greenland defaults
in  any  or  all  scheduled  payments,  the Landlord is entitled to a stipulated
judgment  of  approximately  $275,000.   The  Company  was  unable  to  make the
scheduled  payments and as a result, on July 8, 2002, the Landlord has entered a
judgment  lien  against  the  Company  in  the  amount  of  $279,654.

     The  Company  entered  into  an  agreement  with  Intellicorp,  Inc.
("Intellicorp")  whereby Intellicorp agreed to invest $3,000,000 in exchange for
seats  on  the  board  of directors and restricted shares of common stock of the
Company.   After  making  the initial payment of $500,000, Intellicorp defaulted
on the balance. The Company is seeking a recovery of the unpaid $2,500,000.  The
case  is in discovery stage and a, February 2003, trial date has been set by the
court.  The  defendant's  ability  to  pay  is  unknown.  The Company had issued
46,153,848  shares  of common stock for the investment. The shares were returned
back  to  the  Company  and  were  cancelled.

     On  July  5,  2001  Max  Farrow,  a  formal officer of the Company, filed a
Complaint  in  San  Diego County naming Greenland Corporation, Thomas J. Beener,
Intelli-Group,  Inc.,  Intelli-Group  LLC  and Intelli-Corp, Inc. as defendants.
The  Complaint  alleges  breach  of  contract  in  connection  with Mr. Farrow's
resignation  as  an  officer  and  director  of the Company in January 2001. The
Company  and  Mr.  Thomas  Beener,  entered into a settlement agreement with Max
Farrow  whereby  Mr.  Farrow  agreed  to  release  Mr.  Beener  from all claims,
obligations etc., in exchange for the issuance of 8 million restricted shares of
Greenland Corporation common stock. The court approved the good faith settlement
and  the  agreed  upon  consideration  was delivered to Mr. Farrow.   The action
against  the  Company is in the discovery process and has been consolidated with
the  Company's legal action against Intellicorp and a, February 2003, trial date
has  been  set  by  the  court (see above). The Company believes that it has   a
valid  defense  to  the  allegations  of  Mr.  Farrow.

     John  Ellis  has filed a demand for arbitration in San Diego County against
the  Company  seeking  damages of approximately $70,000 for an alleged breach of
contract  action. The Company believes it has valid defenses to the allegations.
Mr.  Ellis  has not proceeded with his action in arbitration and the parties are
presently  in  discussions  to  resolve  this  matter.

                 NKS  Enterprises,  Inc.  commenced  a  legal action against the
Company  in  San  Diego  Superior  Court  in Vista California seeking damages in
connection with the purchase and operation of a MaxCash ABM.  The case is in the
discovery  process.

              There  are several vendors and/or trade creditors the Company owes
money  to  and that have threatened litigation. The Company continues to attempt
to  resolve these matters but due to the lack of cash and foreseeable income the
Company  is  not  optimistic  that  arrangements  can be made. These potentional
actions may, alone or together, have a material adverse impact on the Company' s
ability  to  operate.

The Company's officers and directors are aware of no other 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

The  Company  paid  for  services  in the amount of $657 thousand by issuing 200
million  shares  of  its  pre-reverse  split  common  stock.

The  Company  paid  for salary in the amount of $196 thousands by issuing common
stock.

The  Company  repaid notes payable to related parties of $8 thousand by issuance
of  stock.

The  Company issued non-qualified options to employees and directors to purchase
34  million  shares and recorded $195 thousand expense for the nine months ended
September  30,  2001.

ITEM  3  -  DEFAULTS  ON  SENIOR  SECURITIES

None.

ITEM  4  -  SUBMISSION  OF  MATTER  TO  VOTE  OF  SECURITY  HOLDERS

     Pursuant  to a Proxy Statement filed on September 16, 2002, the Company, on
October  15,  2002  held  a  special  meeting  of  shareholders  to  vote on two
proposals:  Proposal I:  approval of a 50 for 1 Reverse Stock Split and Proposal
II:  approval  of the sale of 60% of the issued and outstanding shares of common
stock  of  the  Company  to Imaging Technologies Corporation. Additionally, ITEC
will  receive  warrants  at  an  exercise  price  of  $.0008 per share, that are
exercisable  in stages when PEO contracts reach specified levels.   In the event
PEO  contracts  reach  a  level  of $48 million annually, all warrants will have
vested  and  can be exercised into an additional cumulative 30% ownership of the
issued  and  outstanding  shares  of Greenland. Under the agreement, the closing
shall  occur  no  later  than  September  13,  2002  subject  to approval of the
transaction  by  the  Board  of  directors  of  both  companies,  approval  of
shareholders  of  the  Company  and  due  diligence  review  by  ITEC.

     Both  Proposal I and Proposal II were approved by the Shareholders with the
voting  results  as  follows:  Proposal  I:  171,527,890 for; 7,688,787 against;
4,232,971  abstain;  Proposal  II:  172,729,558  for;  6,487,029  against;  and
4,233,071  abstain.

     Subsequent  to  the Special Meeting of Shareholders, the Board of Directors
of  Greenland  and  ITEC  have scheduled the consummation of the transaction for
November  16,  2002,  subject  to  completion  of  certain  regulatory  filings.

ITEM  5  -  OTHER  INFORMATION

None.

ITEM  6  -  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a)     Exhibits

10(a)  -  Agreement  To  Acquire  Shares  between  the  Company  and  Imaging
Technologies  Corporation,  dated  August  9,  2002.

(b)     Reports  on  Form  8-K  -  None

<PAGE>
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:  November  13,  2002


By:  /s/  Thomas  J.  Beener
CEO,  President

Date:  November  13,  2002


By:  /s/  Gene  Cross
Chief  Financial  Officer,  Director
Chairman  of  Board  Director