Greenland Corporation (OTC Bulletin Board: GRLC) yesterday reported that it has appointed four new members of its Board of Directors. The additions were made following the acquisition of shares by Imaging Technologies Corporation (OTC Bulletin Board: IMTO). ITEC currently holds 60% of the shares of Greenland, with warrants to purchase an additional 30%.
Brian Bonar, Chairman and CEO of ITEC, was elected Chairman of Greenland. Tom Beener continues to serve as Greenland's CEO. Gene Cross and George Godwin remain on the Greenland Board as directors.
Mr. Bonar has been a director of ITEC since...
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